Today's Top News Story

Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei - sources

WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, two congressional aides said. Read More

 

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Dow breaches 26,000 mark on robust earnings reports

(Reuters) - Wall Street's main indexes rose sharply on Tuesday, with the Dow hitting the 26,000 mark for the first time, as the fourth-quarter earnings season kicked into high gear. More »

 

Ex-Trump chief strategist Bannon to meet with House panel on Russia

WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon will meet behind closed doors on Tuesday with a U.S. House of Representatives committee that is probing whether Russia meddled in the 2016 presidential election. More »

 

Homeland Security chief: Deporting 'Dreamers' not top priority

WASHINGTON (Reuters) - Deporting immigrants who came to the United States illegally as children will not be a top federal law enforcement priority even if lawmakers do not pass a program to protect them, the U.S. Department of Homeland Security chief said in an interview aired on Tuesday. More »

 

Citi profit tops estimates; books $22 billion tax charge

(Reuters) - Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as growth in its global consumer banking business, led by solid gains in Asia and Latin America, made up for lower trading revenue. More »

 

GE to take $6.2 billion hit from insurance portfolio

(Reuters) - General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday. More »

 

Veteran U.S. diplomat Richardson to work for Reuters reporters release

(Reuters) - Former New Mexico governor Bill Richardson said on Monday he would work toward securing the release of two Reuters journalists arrested in Myanmar in his capacity as a member of an international advisory board on the crisis in Rakhine state. More »

 

U.S. oil industry set to break record, upend global trade

HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. More »

 

Vancouver meeting focuses on sanctions as Koreas explore detente

VANCOUVER (Reuters) - A meeting of states that backed South Korea in the Korean war will look at ways to better implement sanctions to push North Korea to abandon its nuclear weapons, officials said, even as the North and South explore detente ahead of next month's Winter Olympics. More »

 

Bitcoin, rival cryptocurrencies plunge on crackdown fears

LONDON (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. More »

 

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