Today's Top Story
U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source
WASHINGTON (Reuters) - The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. Read More
Business News
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Target says registers back online, blames outage on technology issue
(Reuters) - Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases.
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Take Five: The Fed and the rest
(Reuters) - 1/THE FIRST CUT...
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India to impose retaliatory tariffs on 28 U.S. goods from Sunday
NEW DELHI (Reuters) - India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.
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Economic News
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Saudi seeks oil supply protection as U.S. and Iran face off
DUBAI (Reuters) - Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers in a vital shipping route that have raised fears of broader confrontation in the region.
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China prepared for long trade fight with the U.S.: party journal
SHANGHAI (Reuters) - The United States has underestimated the Chinese people's will to fight a trade war and Beijing is prepared for a long economic battle, an influential Chinese Communist Party journal said on Sunday.
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India to impose retaliatory tariffs on 28 U.S. goods from Sunday
NEW DELHI (Reuters) - India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.
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Money News
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Father Figures: Dad's best financial advice
NEW YORK (Reuters) - Fathers pass down many things to their kids, but not just genetic traits like eye color or hairlines.
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Hedge fund Third Point calls on Sony to spin off semiconductor unit
(Reuters) - Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.
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U.S. recession odds rise to 40-45% in six months: DoubleLine's Gundlach
(Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were 65% within the next year.
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