Breaking business news: Wall Street edges up as tech snaps skid

Click to View in Browser Wednesday, December 27, 2017 Wall Street edges up as tech snaps skid NEW YORK (Reuters) - U.S. stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark. Apple faces lawsuits after saying it slows down aging iPhones SAN FRANCISCO (Reuters) - Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. South Korea prosecutors seek 12 years jail for Samsung heir Lee in corruption case SEOUL (Reuters) - South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation's president earlier this year. No Trump windfall for private prisons yet, but some bet on gains (Reuters) - Investors who bet on private prison operators as big winners from Donald Trump's tough line on crime and illegal immigration are looking back at a bruising year of high hopes and disappointment. Some, however, say the stocks still offer good value even though an anticipated windfall under the Trump administration so far has failed to materialize. U.S. holiday sales set to break records in surprise boon to retail SEATTLE/CHICAGO (Reuters) - The U.S. holiday shopping season is on track to break sales records on the back of surging consumer confidence and increased use of mobile devices, presenting an unexpected boon for retailers and the delivery companies they rely on. GE raises stake in Sweden's Arcam by buying shares from hedge funds (Reuters) - General Electric Co said on Wednesday it would raise its stake in Swedish 3D printer maker Arcam AB to around 95 percent from 77 percent after buying shares from hedge funds Elliott and Polygon. Creditors seek bankruptcy for U.S. media entrepreneur Sillerman WILMINGTON, Del. (Reuters) - Creditors of American media entrepreneur Robert F.X. Sillerman are seeking to force the onetime billionaire into bankruptcy to try and collect on a $7.36 million judgment against him, according to court documents. JPMorgan pays $2.8 million fine over improper safeguards for customers NEW YORK (Reuters) - JPMorgan Chase & Co will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries over more than eight years, a U.S. regulator said on Wednesday. Tesla's Model 3 deliveries point to slower ramp up: KeyBanc (Reuters) - Tesla Inc is likely to deliver about 5,000 Model 3s in the fourth quarter, KeyBanc Capital Markets analysts said on Wednesday, far below the brokerage's estimate of 15,000. As online shopping grows, UPS sees record holiday package returns SEATTLE (Reuters) - United Parcel Service Inc is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month. Related Video Tesla to make pickup truck U.S. department store stocks jump on holiday spending record 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