Breaking business news: Wall Street starts year on strong note; Nasdaq ends above 7,000

Click to View in Browser Tuesday, January 2, 2018 Wall Street starts year on strong note; Nasdaq ends above 7,000 NEW YORK (Reuters) - U.S. stocks rose on Tuesday in the first session of the new year, pushing the Nasdaq to close above 7,000 for the first time, as investors were optimistic that 2018 will bring more gains for the market. Spotify hit with $1.6 billion copyright lawsuit (Reuters) - Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher. Boeing-Embraer talks have not settled question of control: sources SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday. Amazon says over 5 billion items shipped in 2017 via Prime (Reuters) - Online retailer Amazon.com Inc said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service in 2017 while adding more new members than ever before. LeEco founder defies China return order, stays in U.S. for car fundraising SHANGHAI (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress. Passenger rights group takes legal action that could block Niki sale to IAG FRANKFURT (Reuters) - A group representing airline passengers has taken legal action to shift insolvency proceedings for budget airline Niki to Austria from Germany, in a move that could endanger the sale of the Air Berlin unit to Britain's IAG . Ant Financial scraps deal to buy MoneyGram (Reuters) - MoneyGram International Inc and Alibaba Group Holding Ltd's Ant Financial Services Group said on Tuesday they have agreed to terminate their amended merger agreement, due to regulatory hurdles. BP sets $1.5 billion charge for U.S tax changes but sees long-term boost LONDON (Reuters) - Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. Airbus delivered over 700 jets in 2017, met target: sources LONDON (Reuters) - European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said. Bankers to burn midnight oil ahead of 'MiFID' dawn LONDON (Reuters) - Bankers will work through the night to iron out last minute hitches before Wednesday's launch of a major reform of European Union financial markets that aims to apply lessons from the financial crisis nearly a decade ago. Related Video New drug approvals hit 21 year high German parties at odds ahead of coalition talks 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 2018 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