Reuters - Business Today

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Wednesday, November 8, 2017

A year in: U.S. stock market under Trump's shadow

NEW YORK (Reuters) - One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points.

Stock futures slightly lower as investors track progress on tax bill

(Reuters) - U.S. stock index futures were slightly lower on Wednesday, a day after the Dow closed at a record high for the fourth straight day, as investors closely watch Republican efforts to pass the tax bill.

Peak oil? Majors aren't buying into the threat from renewables

HOUSTON/LONDON (Reuters) - Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun.

China's Tencent buys 12 percent stake in Snapchat owner

(Reuters) - China's Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company's share price after badly received third quarter results.

Qualcomm buy may pit Broadcom against Intel in 'connected car' fight

(Reuters) - If Broadcom Ltd's unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars.

Airbus knew of software vulnerability before A400M crash

PARIS/SEVILLE (Reuters) - Airbus and European safety authorities were warned in late 2014 of a software vulnerability in the A400M military plane that was similar to a weakness that contributed to a fatal crash seven months later, Spanish investigators have found.

Russia to check if Facebook is complying with law: Ifax

MOSCOW (Reuters) - Russia's communications regulator Roskomnadzor said on Wednesday it planned to check whether Facebook was complying with Russian law.

ConocoPhillips aims capex at $5.5 billion/year for rest of decade

NEW YORK (Reuters) - ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 per barrel.

IMF, BOJ member say Japan needs to keep stimulus running

TOKYO/MIYAZAKI, Japan (Reuters) - The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.

LVMH boss Arnault says assets referred to in "Paradise Papers" known to tax bodies

PARIS (Reuters) - Bernard Arnault, France's richest billionaire and the head of luxury goods group LVMH , said on Wednesday that assets referred to by Le Monde newspaper, in the "Paradise Papers" leaks tracking tax affairs, were known to tax authorities.