Reuters Business Today: March 13, 2017

Click to View in Browser Monday, March 13, 2017 Ackman's Pershing Square exits ailing investment in Valeant BOSTON (Reuters) - Billionaire investor William Ackman, who had been Valeant Pharmaceuticals International's biggest cheerleader for two years as the share price climbed and then plummeted, on Monday said his hedge fund had sold its entire position. Wall Street drifts along with eyes on Fed; Intel drops NEW YORK (Reuters) - U.S. stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week. Intel's $15 billion purchase of Mobileye shakes up driverless car sector JERUSALEM/DETROIT (Reuters) - Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers. Verizon sought $925 million discount for Yahoo merger, got $350 million NEW YORK (Reuters) - Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing. Airbnb has no specific plans for IPO yet: CEO Chesky NEW YORK (Reuters) - Airbnb, the leading online marketplace for short-term lodging, has no specific plans yet to go public, its chief executive officer Brian Chesky said on Monday. Oil extends losses to three-month lows, tests slide NEW YORK (Reuters) - Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling U.S. supplies. At the Fed, spring comes early with return to new 'normal' WASHINGTON(Reuters) - U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn. Kushners set to get $400 million from Anbang on Manhattan tower: Bloomberg (Reuters) - A company owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law, stands to receive over $400 million from China's Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg reported. Millennial love for Snapchat extends to the stock NEW YORK (Reuters) - For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc . PwC threatens MF Global mistrial; Corzine defends actions NEW YORK (Reuters) - PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed. Related Video France's Fillon on the defensive...again Tourists head back to Europe, and investors follow Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook