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Wednesday, 20 December 2017

Breaking business news: Wall Street edges lower, pauses as tax bill clears Congress

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Wednesday, December 20, 2017
Wall Street edges lower, pauses as tax bill clears Congress
NEW YORK (Reuters) - Wall Street's main indexes dipped on Wednesday, pausing after recent record highs as both houses of Congress approved a long-anticipated tax overhaul.
Uber dealt blow after EU court classifies it as transport service
LUXEMBOURG (Reuters) - Uber Technologies Inc [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union's top court said in a landmark ruling on Wednesday that could impact other online businesses in Europe.
Three months that shook Ryanair: How cancellations sparked a pilot revolt
DUBLIN (Reuters) - Within hours of the news on Sept. 15 that thousands of Ryanair flights had been canceled in Europe, pilots' WhatsApp groups exploded with pent-up frustration.
Chipotle restaurant under investigation after illness scare: Report
(Reuters) - Shares of Chipotle Mexican Grill Inc fell as much as 3.3 percent after a report that public health officials are investigating a possible illness outbreak in one of the company's restaurants in Los Angeles.
AT&T says to pay bonuses, invest $1 billion once tax reform signed
NEW YORK (Reuters) - AT&T Inc said on Wednesday it will pay $1,000 bonuses to more than 200,000 employees and invest an additional $1 billion in the United States in 2018 once a tax reform bill approved by Congress is signed into law.
Exxon Mobil to ease restrictions on shareholder talks with directors
HOUSTON (Reuters) - Exxon Mobil Corp said on Wednesday its board had ended a prohibition on outside directors meeting with shareholders, halting a long-standing policy that rankled big investors and led some to vote against key directors.
U.S. aims to keep steep duties on Bombardier jets after Boeing complaint
WASHINGTON (Reuters) - The U.S. Commerce Department on Wednesday finalized steep anti-subsidy duties on Bombardier Inc's CSeries jets, setting up the next round of a fierce international trade dispute between the United States and Canada.
United Auto Workers head says U.S. training center probe is limited
DETROIT (Reuters) - The United Auto Workers is cooperating with a government investigation into allegations of embezzlement by union officials at training centers funded by U.S. automakers, the union's president said on Wednesday.
Atlanta airport power outage cost Delta Air Lines up to $50 million
NEW YORK (Reuters) - The 11-hour system outage at Atlanta's Hartsfield-Jackson, the world's busiest airport, cost Delta Air Lines up to $50 million, a Delta spokesman confirmed on Wednesday, and the carrier said it plans to seek compensation for its losses.
Amazon's allure may be tough to top this holiday: poll
CHICAGO/NEW YORK (Reuters) - More U.S. online shoppers plan to give Amazon.com Inc the bulk of their holiday business this year than in previous years, according to a Reuters/Ipsos opinion poll, despite costly efforts by traditional retailers to attract customers to their websites.
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