Wednesday, 10 January 2018

Breaking business news: Wall Street falls on China, NAFTA concerns

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Wednesday, January 10, 2018
Wall Street falls on China, NAFTA concerns
NEW YORK (Reuters) - The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement.
Canada takes U.S. to WTO, U.S. says case helps China
GENEVA (Reuters) - Canada has launched a wide-ranging trade complaint against the United States, the World Trade Organization said on Wednesday, in a dispute that Washington said would damage Canada's own interests and play into China's hands.
Nestle to pick U.S. chocolate business buyer by end of week: sources
MILAN/LONDON/NEW YORK (Reuters) - Food giant Nestle plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion.
Pimco could add U.S. Treasuries if market weakens further: Ivascyn
NEW YORK (Reuters) - Pimco, one of the world's biggest money managers, sees this week's U.S. bond market selloff as a buying opportunity and is not ready to call the spike in 10-year Treasury yield to a nine-month high a bear market precursor.
Exclusive: Saudi Aramco working to raise cheap loans before IPO - banking sources
DUBAI (Reuters) - Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.
U.S. import prices barely rise; wholesale inventories rebound
WASHINGTON (Reuters) - U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.
Ford sued by truck owners alleging diesel emissions cheating
(Reuters) - Ford Motor Co installed emissions-cheating software in its F-250 and F-350 Super Duty trucks to ensure they passed federal tests, according to a lawsuit by truck owners filed on Wednesday.
Toyota, Mazda announce $1.6 billion plant for Huntsville, Alabama
MONTGOMERY, Ala. (Reuters) - Toyota Motor Corp and Mazda Motor Corp announced Wednesday they will build a $1.6 billion joint assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump who wants automakers to expand U.S. production.
Domino's retiring CEO says not going to Chipotle
(Reuters) - Domino's Pizza Co Chief Executive J. Patrick Doyle, who is stepping down at the end of June, on Wednesday dismissed speculation that he might move to Chipotle Mexican Grill Inc to turn around business at the casual restaurant chain.
Kohl's plans to lease unused store space to grocers, convenience stores
(Reuters) - Kohl's Corp plans to lease space left vacant after shrinking some of its stores to retailers such as grocery stores or convenience stores, the company said on Wednesday.
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