Breaking business news: Wall Street slips heading into holiday

Click to View in Browser Friday, December 22, 2017 Wall Street slips heading into holiday NEW YORK (Reuters) - Wall Street's major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped, including Nike. Bitcoin falls 30 percent, posts worst week since 2013 NEW YORK/LONDON (Reuters) - Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble. Cryptocurrency stocks holding gains despite bitcoin pullback NEW YORK (Reuters) - Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants. Brazil's Temer would block Embraer buyout, open to capital injection BRASILIA (Reuters) - Brazilian President Michel Temer said on Friday that he opposed Boeing Co taking control of Embraer SA , although he would welcome an injection of foreign capital into the regional planemaker. Fiat Chrysler to recall 1.8 million trucks to fix shifter issue (Reuters) - Fiat Chrysler Automobiles NV's U.S. unit said on Friday it would recall about 1.8 million trucks in the United States, Canada, Mexico and some other markets to fix a part if not operating could allow the driver to shift out of park without depressing the brake pedal. IAG among bidders chosen for Austrian airline Niki: sources BERLIN (Reuters) - IAG , the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said. UnitedHealth to buy Chile's Banmedica for $2.8 billion (Reuters) - UnitedHealth Group Inc said on Friday it signed a definitive agreement to buy Chilean healthcare company Banmedica SA for $2.8 billion, expanding the health insurer's footprint in South America. LVMH's Celine creator Phoebe Philo to leave company: source PARIS (Reuters) - Phoebe Philo, artistic director of LVMH's Celine label will leave the high-end ready-to-wear brand in January, the company said on Friday. Daimler says U.S. tax reform will lift 2017 net income FRANKFURT (Reuters) - German carmaker Daimler said on Friday the U.S. tax reform would result in an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results. CSX names Foote as CEO, following death of Harrison (Reuters) - CSX Corp , the third-largest U.S. railroad, on Friday named Jim Foote as chief executive officer, succeeding Hunter Harrison, who died last week only months into the railroad's ambitious turnaround plan. Related Video Brazil president would block Boeing Breakingviews TV: Post Schmidt 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