Monday, 22 January 2018

Breaking business news: Stocks shrug off U.S. government shutdown, dollar dips

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Monday, January 22, 2018
Stocks shrug off U.S. government shutdown, dollar dips
LONDON (Reuters) - World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back and wallowed near three-year lows as the euro resumed its strong start to the year.
Halliburton fourth-quarter profit beats, firm takes charge for Venezuela
(Reuters) - U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit, as higher oil prices pushed U.S. production to record levels.
Sanofi digs deep to buy U.S. haemophilia group Bioverativ for $11.6 billion
PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases.
Icahn, Deason push Xerox to explore strategic options
(Reuters) - Investors Carl Icahn and Darwin Deason said on Monday that photocopier pioneer Xerox Corp should immediately start a process to explore strategic alternatives.
Aston Martin hit by Daimler steering-column recall
PARIS (Reuters) - Aston Martin has become the latest carmaker to be caught up in a major recall of faulty Daimler steering-column components that can cause unintended airbag deployments.
S&P opens lower as U.S. shutdown extends
(Reuters) - The benchmark S&P 500 index opened lower on Monday, weighed down by losses in Boeing, Apple and General Electric, and as a U.S. government shutdown entered its third day.
Euro schism reopens in central Europe as EU pushes reform
ESZTERGOM, Hungary/STUROVO, Slovakia (Reuters) - On the euro zone's eastern flank, some Slovaks in the border town of Sturovo wish their country had never opted for the common currency and now head over the Danube to Hungary for the cheaper shopping.
AIG to buy reinsurer Validus for $5.56 billion
(Reuters) - American International Group on Monday said it would buy Validus Holdings for $5.56 billion in cash to strengthen its reinsurance business, the company's first deal under Chief Executive Brian Duperreault.
Germany confirms Audi recall due to illicit emission-control device
BERLIN (Reuters) - Germany's transport ministry confirmed a media report on Monday that the KBA automotive watchdog detected illicit emission-control software in Audi's latest Euro-6 diesel models and ordered a recall of the vehicles.
Nestle investor Third Point urges company to speed up disposals
LONDON (Reuters) - U.S. activist investor Third Point called on the board of Swiss company Nestle to clarify its corporate strategy and speed up the disposal of "ill-fitting businesses", in a letter to investors seen by Reuters.
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