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Wednesday, November 29, 2017

Bitcoin tops $10,000, marks 10-fold increase in 2017

NEW YORK (Reuters) - Virtual currency bitcoin soared to an all-time high above $10,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp.

Tax bill hopes pull futures higher

(Reuters) - Wall Street indexes were set to climb at opening on Wednesday after progress on a U.S. tax bill and talk of deregulation in the banking sector pushed stocks to record levels.

Uber's third-quarter net loss widens to $1.46 billion: source

(Reuters) - Uber Technologies Inc's [UBER.UL] quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles and faces regulatory scrutiny across the globe.

Uber says 2.7 million users in UK affected in 2016 breach

(Reuters) - Uber Technologies Inc [UBER.UL] has informed Britain's data protection regulator that 2.7 million user accounts in the country were affected by the data breach in 2016, which the company disclosed last week.

Exclusive: Daimler rebuffs Geely offer to buy stake; Geely still hopeful of a deal - sources

HONG KONG/BEIJING (Reuters) - Daimler AG has turned down an offer from China's Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources with knowledge of the talks said.

Exclusive: PSA seeks Opel refund from GM over CO2 emissions

PARIS (Reuters) - Peugeot maker PSA Group, which paid General Motors 1.3 billion euros for Opel, now wants about half of the money back after discovering the full extent of its CO2 emissions challenges and exposure to European fines, sources told Reuters.

Apple accuses Qualcomm of patent infringement in countersuit

(Reuters) - Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm's Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple's patents, the latest development in a long-running dispute.

Chipotle co-founder Ells to step down as CEO

(Reuters) - Chipotle Mexican Grill Inc's founder Steve Ells will step down as chief executive of the burrito chain once it finds a replacement with "demonstrated turnaround expertise", the company said on Wednesday.

Build fast, fix later: speed hurts quality at Tesla, some workers say

SAN FRANCISCO (Reuters) - After Tesla's Model S sedans and Model X SUVs roll off the company's Fremont, California assembly line, the electric vehicles usually make another stop - for repairs, nine current and former employees have told Reuters.

VW CEO sees 'strong' Nov/Dec sales, new record in 2017

BERLIN (Reuters) - Volkswagen is headed for record group sales this year as the "strong trend" in deliveries is set to continue with November and December figures, chief executive Matthias Mueller said.