Bhinneka News Online: Breaking business news: Tax plan optimism propels Wall Street to record highs

Monday, 18 December 2017

Breaking business news: Tax plan optimism propels Wall Street to record highs

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Monday, December 18, 2017

Tax plan optimism propels Wall Street to record highs

NEW YORK (Reuters) - Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.

Exchange giant CME's bitcoin futures get tepid take-up in debut

NEW YORK/LONDON/SYDNEY (Reuters) - Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder.

Campbell Soup to buy snacks maker Snyder's-Lance for $4.87 billion

(Reuters) - Campbell Soup Co will buy Pretzels and Cape Cod chips maker Snyder's-Lance Inc for $4.87 billion as it looks to expand its snack business amid sagging soup sales.

Boeing-Bombardier trade dispute heats up at U.S. hearing

WASHINGTON (Reuters) - Boeing Co and Bombardier Inc went head to head on Monday over the U.S. planemaker's claim that its Canadian rival used billions of dollars in illegal government subsidies to dump its newest jetliner in the United States at below cost.

Odey adds to Sky disquiet following Disney's deal with Fox

LONDON (Reuters) - Hedge fund manager Crispin Odey has argued that Sky should fetch a higher price following Walt Disney Co's $52 billion deal with Twenty-First Century Fox Inc. , adding to shareholder disquiet about the fate of the European broadcaster.

Buffett's latest milestone: Berkshire stock hits $300,000

NEW YORK (Reuters) - Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating profit.

GM urges judge to throw out disputed ignition switch deal

(Reuters) - Lawyers for General Motors on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.

BMW electric cars hit 100,000 sales target

BERLIN (Reuters) - BMW said on Monday it had hit its target of selling 100,000 electric cars this year around the world, benefiting from strong demand in western Europe and the United States for models such as the i3 and the 2-series plug-in hybrid Active Tourer.

Italy's Monte dei Paschi names new chairwoman to help steer recovery

SIENA, Italy (Reuters) - Italy's fourth-biggest bank Monte dei Paschi di Siena , rescued from the brink of collapse by a state bailout, has named a new chairwoman and board to help steer a course to recovery.

Twitter to put warnings before swastikas, other hate images

SAN FRANCISCO (Reuters) - Twitter Inc said on Monday it would begin issuing a warning before a user can see pictures with Nazi swastikas and other items it determines are hateful imagery, as well as prohibit their use in any profile photos on its social media network.