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Updated: 2 hours 36 min ago

Senators from 12 states seek offshore drilling exemptions like Florida's

Thu, 01/11/2018 - 2:39pm
WASHINGTON (Reuters) - Twenty-two Democratic U.S. senators from 12 states on Thursday joined the chorus of local representatives seeking exemptions from Interior Secretary Ryan Zinke's newly proposed offshore drilling plan, after his surprise move on Tuesday to shield Florida.

Bannon to appear before Congress committee for Russia probe

Thu, 01/11/2018 - 2:26pm
WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon will be interviewed next week by a U.S. House of Representatives committee investigating alleged Russian interference in the 2016 U.S. election, a person familiar with the matter said on Thursday.

Delta sees double benefit from tax cut, shares rise

Thu, 01/11/2018 - 12:29pm
(Reuters) - Delta Air Lines Inc is anticipating a double benefit from the U.S. corporate tax cut this year as it saves money on its own bill and expects an uptick in business travel as companies use tax savings to invest in generating new business.

Wall Street hits record as oil, industrial stocks gain

Thu, 01/11/2018 - 12:25pm
(Reuters) - Wall Street surged to fresh highs on Thursday as rising oil prices lifted energy stocks and upbeat forecast from No. 2 U.S. carrier Delta Air Lines drove airline stocks higher.

California rescuers keep up search for missing in deadly mudslide

Thu, 01/11/2018 - 11:13am
SANTA BARBARA, Calif. (Reuters) - Southern California rescue workers using dogs and scanners searched for eight people feared lost in the wreckage of this week's deadly mudslides, which struck along the state's picturesque coastal communities, according to officials.

Lower taxes and tight labor market prompt Walmart to hike U.S. wages

Thu, 01/11/2018 - 11:07am
NEW YORK (Reuters) - Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code and competes for low wage workers in a tight labor market.

Hong Kong, London, New York shortlisted for Aramco IPO: sources

Thu, 01/11/2018 - 10:06am
DUBAI/LONDON (Reuters) - Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.

European powers urge Trump to preserve Iran nuclear deal

Thu, 01/11/2018 - 9:12am
BRUSSELS (Reuters) - Britain, France and Germany called on Donald Trump on Thursday to uphold a pact curbing Iran's nuclear ambitions on the eve of a sanctions ruling by the U.S. president they fear could torpedo an accord he has relentlessly criticized.

With a lower tax bill in sight, Walmart to raise its U.S. minimum wage

Thu, 01/11/2018 - 9:05am
NEW YORK (Reuters) - Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code, the company said on Thursday.

Wall Street climbs on gains in energy stocks

Thu, 01/11/2018 - 9:04am
(Reuters) - U.S. stocks rose on Thursday with a broad-based rally across sectors as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and higher oil prices.

California rescuers use dogs, scanners to search deadly mudslide debris

Thu, 01/11/2018 - 8:41am
SANTA BARBARA, Calif. (Reuters) - Rescue crews in Southern California worked overnight into Thursday morning, using dogs and scanners to comb through tons of debris for survivors from deadly mudslides that struck along the state's picturesque coastal communities.

Delta raises profit forecast, shares jump

Thu, 01/11/2018 - 8:26am
(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by higher business fares and a busy holiday travel season, and forecast even better performance in the current quarter on strong demand for seats, sending its shares up 3.5 percent in premarket trading.

Myanmar admission soldiers killed Rohingya 'an important step': U.S. envoy

Thu, 01/11/2018 - 8:16am
YANGON (Reuters) - Myanmar's admission that soldiers were involved in the murder of 10 Muslims in September was an important step and the United States hoped it would be followed by more transparency and accountability, the U.S. ambassador said on Thursday.

Kremlin: U.S. report accusing Russia of election meddling harms relations

Thu, 01/11/2018 - 6:27am
MOSCOW (Reuters) - The Kremlin on Thursday described a report published by Democratic U.S. lawmakers accusing Russia of election meddling as damaging for bilateral relations, as well as for the United States itself.

Delta sees unit revenue rise as quarterly profit beats

Thu, 01/11/2018 - 6:21am
(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday after more people flew during the holiday season, offsetting higher costs.

Rescuers race against time to find missing in California mudslides

Thu, 01/11/2018 - 6:00am
SANTA BARBARA, Calif (Reuters) - Rescue crews in Southern California resumed on Thursday the arduous task of combing through tons of debris for survivors from deadly mudslides that struck along the state's picturesque coastal communities.

Britain, France, Germany plead for U.S. to preserve Iran deal

Thu, 01/11/2018 - 5:32am
BRUSSELS (Reuters) - Britain, France, Germany and the European Union made a joint call to the United States to protect the Iran nuclear pact, saying Tehran had a right to benefit from the lifting of sanctions tied to it.

China's Xi supports progress in inter-Korean talks: South Korea's Blue House

Thu, 01/11/2018 - 5:20am
SEOUL (Reuters) - Chinese President Xi Jinping on Thursday welcomed recent progress in inter-Korean talks during a telephone call with South Korean President Moon Jae-in, the South's Blue House said in a statement.

South Korea plans to ban cryptocurrency trading, rattles market

Wed, 01/10/2018 - 11:52pm
SEOUL (Reuters) - The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Lagging industry, Ford puts auto emergency brakes on two 2019 models

Wed, 01/10/2018 - 11:05pm
(Reuters) - Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an effort by the No. 2 U.S. automaker to catch up with rivals in offering the new technology designed to help vehicles avoid collisions.

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