Reuters - Business Today

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Tuesday, November 21, 2017

U.S. sues to stop AT&T buying Time Warner, says would hike rates

WASHINGTON (Reuters) - The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc , saying the deal could raise prices for rivals and pay-TV subscribers while hampering the development of online video.

Tencent's stellar share rally sees it surpass Facebook in market value

HONG KONG (Reuters) - Tencent Holdings Ltd has racked up some impressive gains this week - becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world's fifth-most valuable company.

World stocks pare gains as German political impasse hits Europe

LONDON (Reuters) - European stocks opened lower on Tuesday and the euro hit an eight-day low against sterling as a governing crisis in Germany weighed on markets.

NAFTA nations lock horns on U.S. auto demands as fifth round ends

MEXICO CITY (Reuters) - Negotiators from the United States, Mexico and Canada square off on Tuesday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos.

Broadcom eyes big changes for Qualcomm's patent practices

SAN FRANCISCO (Reuters) - As part of its $103 billion bid to buy Qualcomm Inc , Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc .

SoftBank funding may spur Uber to re-think tough Southeast Asian market

SINGAPORE(Reuters) - SoftBank Group's multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.

Honda China JVs to recall 254,650 vehicles starting in January

BEIJING (Reuters) - Honda Motor Co's joint-venture companies in China will recall a total of 254,650 Honda-brand vehicles starting on Jan. 8, 2018, the Japanese automaker said on Tuesday.

Indonesia court rules against Goldman in Hanson share ownership dispute

JAKARTA (Reuters) - An Indonesian court ruled on Tuesday that Goldman Sachs should return shares in property developer PT Hanson International Tbk to tycoon Benny Tjokrosaputro in a legal tussle over ownership.

CBS channels blacked out for Dish customers over carriage dispute

(Reuters) - CBS Corp's TV stations were blacked out for Dish Network Corp's customers over a network carriage deal dispute, the companies said early Tuesday.

Lowe's quarterly comp sales, profit top estimates

(Reuters) - Lowe's Cos Inc reported higher-than-expected comp sales and profit on Tuesday, helped by lower costs as well as higher demand for emergency supplies and rebuilding material due to hurricanes battering several regions in the United States.