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- Exclusive: Wal-Mart launches new front in U.S. price war, targets Aldi in grocery aisle
Mon, 27 Feb 2017 01:08:45 -0500
(Reuters) - Wal-Mart Stores Inc is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a pricing gap with German-based discount grocery chain Aldi and other U.S. rivals like Kroger Co , according to four sources familiar with the moves.
- Anthem and Blue Crosses loom large in Obamacare talks
Mon, 27 Feb 2017 01:56:21 -0500
NEW YORK (Reuters) - Anthem Inc. and other U.S. health insurers complained to the White House for more than a year that they were losing money on people who waited to sign up for Obamacare coverage until they were sick.
- Financials push Asian stocks down for second straight day
Mon, 27 Feb 2017 02:00:23 -0500
HONG KONG (Reuters) - Asian stocks declined on Monday, led by financials, as a renewed drop in sovereign bond yields on political concerns prompted some investors to move to the sidelines after a recent equities rally.
- No cuts to U.S. entitlement programs in Trump budget: Mnuchin
Sun, 26 Feb 2017 20:00:02 -0500
WASHINGTON (Reuters) - U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.
- Phonemakers pile in to exploit Samsung weakness
Sun, 26 Feb 2017 15:45:09 -0500
BARCELONA (Reuters) - Phonemakers are piling in to fill a gap in the market left by Samsung , still licking its wounds from a costly recall of its flagship Note 7 and with no key device of its own to launch at the telecom industry's biggest annual fair.
- Trump budget plan boosts Pentagon, trims State Dept, EPA: officials
Sun, 26 Feb 2017 22:11:21 -0500
WASHINGTON (Reuters) - The White House will send federal departments a budget proposal on Monday containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said.
- Amazon, Netflix grab a share of Oscar glory
Mon, 27 Feb 2017 02:03:45 -0500
LOS ANGELES (Reuters) - Silicon Valley crashed Hollywood's biggest awards show on Sunday as Amazon.com Inc and Netflix Inc collected the first Academy Awards for streaming services while independent studio A24 won the coveted best picture Oscar.
- Russia's VTB plans to slim down in Europe, keep London as hub
Mon, 27 Feb 2017 03:34:52 -0500
MOSCOW (Reuters) - Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business, the bank's first deputy president said.
- LSE, Deutsche Boerse deal in jeopardy as EU set to block
Mon, 27 Feb 2017 02:44:11 -0500
(Reuters) - London Stock Exchange said its proposed merger with Deutsche Boerse AG was unlikely to be approved by the European Commission, leaving the stock market operators' third attempt at combining on the brink of failure.
- U.S. blockchain, securitization industry groups join forces
Mon, 27 Feb 2017 00:05:36 -0500
NEW YORK (Reuters) - The lobby group for Wall Street's structured finance companies has partnered with the trade association for the blockchain industry to explore ways blockchain technology can streamline the $1.9 trillion U.S. securitization market.