Breaking business news: Tax-loss selling to pressure 2017's losers in December

Click to View in Browser Friday, December 8, 2017 Tax-loss selling to pressure 2017's losers in December NEW YORK (Reuters) - Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year. Bitcoin drops after dramatic gains ahead of futures launch LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. Trump says fines against Wells Fargo could be increased WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal. CVS expects Justice Department to handle review of Aetna deal WASHINGTON (Reuters) - CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said. Strong U.S. job growth in November bolsters economy's outlook WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Steinhoff shares climb off 14-year low in volatile trade JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week. WestJet to gain market share with Delta joint venture: Moody's (Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said. EU regulators to warn Bayer about Monsanto bid: source BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns. Ahead of Canada fighter jet announcement, Boeing looks to future OTTAWA (Reuters) - Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker's Super Hornet fighter jets. Macy's Terry Lundgren to retire as chairman in January (Reuters) - Department store operator Macy's Inc said Chairman and former Chief Executive Terry Lundgren would retire from the board on January 31, 2018. Related Video Wells Fargo sanctions on ice under Trump It's all uphill for American skier Lindsey Vonn 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