Today's Top News Story

Small assault-style rifle firms thriving under activists' radar

BOSTON (Reuters) - A decade ago, Kentucky's Anderson Manufacturing was a small machine shop that didn't make firearms. Read More

 

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J&J shares extend losses; company defends Baby Powder as safe

(Reuters) - Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday's Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder. More »

 

Standoff over Trump border wall puts U.S. Congress in budget 'pickle'

WASHINGTON (Reuters) - President Donald Trump and Congress, embroiled in a feud over his proposed U.S.-Mexico border wall, have only five days to reach a deal before a partial government shutdown could leave about a quarter of the federal workforce without paychecks. More »

 

Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

KUALA LUMPUR (Reuters) - Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank's former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB. More »

 

U.S. banks quietly pull back from riskiest loans amid recession fears

(Reuters) - As U.S. bank stocks tanked this month over fears of an impending recession, industry executives downplayed concerns to colleagues, analysts and journalists, arguing that the economy is in great shape. More »

 

Retailers, health stocks lead Wall Street lower; banks help ease pain

(Reuters) - Wall Street dropped on Monday, but recovered from a slide of over 1 percent, weighed down by an Amazon-led drop in retailers and weakness in health stocks, with gains in banks ahead of a widely expected rate hike limiting losses. More »

 

China, EU lambast United States for miring WTO in crisis

GENEVA (Reuters) - The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees. More »

 

Nissan CEO calls on Renault to listen to detail of Ghosn allegations

YOKOHAMA (Reuters) - Nissan Motor's CEO called on directors at alliance partner Renault to heed its reasons for sacking former Chairman Carlos Ghosn over alleged financial misconduct amid tensions over how to handle the fallout from his arrest. More »

 

Facing opposition, Britain's May will bring Brexit deal back to parliament

LONDON (Reuters) - Prime Minister Theresa May said on Monday she would bring her Brexit deal back to parliament for a vote in mid-January, pledging to get assurances from the European Union to break the deadlock over Britain's departure from the bloc. More »

 

Bitcoin climbs above $3,400, headed for biggest daily rise in nearly three weeks

LONDON (Reuters) - Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges. More »

 

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