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Reuters Daily

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Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources

Fri, Sep 22, 2017

(Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. ...

Shorting volatility: Rising risks mean itchier trigger fingers

Fri, Sep 22, 2017

NEW YORK (Reuters) - A long stretch of low volatility for U.S. stocks has made betting on continued calm a popular and lucrative trade, but traders and strategists warn that risks to the trade have mounted, while the potential for profits has shrunk. ...

Fed officials in muddle over permanent vs temporary inflation lull

Fri, Sep 22, 2017

OKLAHOMA CITY (Reuters) - Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed's policy calculus. ...

'Unfit' Uber stripped of London license, CEO tweets 'pls work w/us'

Fri, Sep 22, 2017

LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world's wealthiest cities. ...

Take Five: World markets themes for the week ahead

Fri, Sep 22, 2017

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. ...

Investor group seeks probe into SEC hack, urges data rules delay

Fri, Sep 22, 2017

WASHINGTON (Reuters) - A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure. ...

Wall Street lukewarm on Chipotle's new 'queso' amid customer scorn

Fri, Sep 22, 2017

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's new "queso" cheese sauce is going over better on Wall Street than on Twitter, where one person called it a "crime against cheese." ...

Brazil Supreme Court denies request to release JBS brothers

Fri, Sep 22, 2017

SAO PAULO (Reuters) - Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world's largest meatpacker JBS SA. ...

Wells Fargo hires new law firm to prepare CEO for Senate appearance

Fri, Sep 22, 2017

NEW YORK (Reuters) - Wells Fargo & Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources with knowledge of the decision. ...

Native American tribe moves to dismiss Allergan patent case

Fri, Sep 22, 2017

(Reuters) - A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents. ...

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