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Updated: 2 hours 29 min ago

Fresh from Bannon feud, Trump meets Republicans to strategize for 2018

Fri, 01/05/2018 - 5:01am
WASHINGTON (Reuters) - Following a disruptive start to 2018, President Donald Trump will huddle with top Republicans on a two-day retreat starting on Friday to lay out legislative priorities for the year and discuss a strategy for pivotal November congressional elections.

North Korea agrees to talks after U.S.-South Korea military drills are postponed

Fri, 01/05/2018 - 3:16am
SEOUL (Reuters) - North Korea agreed on Friday to hold official talks with the South next week, the first in more than two years, hours after the United States and South Korea delayed a military exercise amid a standoff over the North's nuclear and missile programs.

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

Fri, 01/05/2018 - 2:01am
DUBAI (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year.

Intel says performance impact of security updates not significant

Fri, 01/05/2018 - 1:26am
(Reuters) - Intel Corp said fixes for security issues in its microchips would not slow down computers, rebuffing concerns that the flaws found in microprocessors would significantly reduce performance.

Solid U.S. job growth expected in December; wages seen rising

Fri, 01/05/2018 - 1:20am
WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March.

Code crackdown: China payments restrictions to hit profits

Fri, 01/05/2018 - 12:10am
BEIJING (Reuters) - A decision by China's central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia's biggest tech firms move money.

North and South Korea to talk January 9, Japan warns remain vigilant

Thu, 01/04/2018 - 11:04pm
SEOUL (Reuters) - North and South Korea will hold official talks next week for the first time in more than two years after Pyongyang accepted Seoul's offer for dialogue, just hours after the United States and South Korea delayed a joint military exercise.

U.S. suspends at least $900 million in security aid to Pakistan

Thu, 01/04/2018 - 10:55pm
WASHINGTON (Reuters) - The United States said on Thursday it was suspending at least $900 million in security assistance to Pakistan until it takes action against the Afghan Taliban and the Haqqani network militant groups.

Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source

Thu, 01/04/2018 - 10:07pm
(Reuters) - Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday.

Uber ex-CEO Kalanick plans to sell 29 percent of stake: source

Thu, 01/04/2018 - 9:10pm
(Reuters) - Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick, who was ousted as chief executive in June, will sell nearly a third of his shares in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday.

Justice Dept launches new Clinton Foundation probe: The Hill

Thu, 01/04/2018 - 9:04pm
WASHINGTON (Reuters) - The U.S. Justice Department has begun an investigation into whether the Clinton Foundation conducted "pay-to-play" politics or other illegal activities during Hillary Clinton's tenure as secretary of state, The Hill reported on Thursday, citing law enforcement officials and a witness.

North Korea accepts January 9 talks offer from South Korea

Thu, 01/04/2018 - 8:56pm
SEOUL (Reuters) - North and South Korea will hold official talks next week for the first time in more than two years after Pyongyang accepted Seoul's offer for dialogue, just hours after the United States and South Korea delayed a joint military exercise.

U.S. suspends security aid to Pakistan over militant groups

Thu, 01/04/2018 - 8:41pm
WASHINGTON (Reuters) - The United States said on Thursday it was suspending an undisclosed amount of security assistance to Pakistan, which two officials said was worth more than $255 million, until Islamabad takes action against the Afghan Taliban and the Haqqani network.

Apple to issue fix for iPhones, Macs at risk from 'Spectre' chip flaw

Thu, 01/04/2018 - 8:35pm
(Reuters) - Apple Inc will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chipmakers disclosed flaws that leave nearly every modern computing device vulnerable to hackers.

National Guard responds to blizzard pounding U.S. Northeast

Thu, 01/04/2018 - 7:17pm
BOSTON/NEW YORK (Reuters) - A powerful blizzard battered the U.S. Northeast on Thursday, knocking out power for tens of thousands of people and snarling travel amid a cold snap that has gripped much of the United States for over a week and killed more than a dozen people.

Trump administration aims to open nearly all U.S. offshore to oil drilling

Thu, 01/04/2018 - 6:22pm
WASHINGTON (Reuters) - The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states, environmentalists and the tourism industry.

Trump administration drops Obama-era easing of marijuana prosecutions

Thu, 01/04/2018 - 5:54pm
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday rescinded an Obama administration policy that had eased enforcement of federal marijuana laws in states that legalized the drug, instead giving federal prosecutors wide latitude to pursue criminal charges.

Sears Holdings to close 103 Kmart and Sears stores

Thu, 01/04/2018 - 2:43pm
CHICAGO (Reuters) - Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to assess the viability of its operations.

Trump targets book, threatens ex-ally Bannon with legal action

Thu, 01/04/2018 - 2:38pm
WASHINGTON (Reuters) - U.S. President Donald Trump's lawyer said on Thursday he would try to stop publication of a book that portrays an inept president in a fumbling White House and threatened legal action against former top aide Steve Bannon over "defamatory" comments in the book.

Blizzard wallops U.S. Northeast, knocks out power, snarls travel

Thu, 01/04/2018 - 2:37pm
BOSTON/NEW YORK (Reuters) - A powerful blizzard battered the Northeast on Thursday, knocking out power for tens of thousands of people and snarling travel amid a long cold snap that has gripped much of the United States for more than a week and killed more than a dozen people.

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