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TOP STORIES
Japan's Takeda clinches $62 bln deal to buy drugmaker Shire
LONDON/TOKYO - Takeda Pharmaceutical agrees to buyLondon-listed Shire for $61.5 billion, marking the biggest dealyet in a wave of transactions sweeping the drug industry.(SHIRE-M&A/TAKEDA (UPDATE 5, PIX, TV), moved, by Ben Hirschler,Paul Sandle and Sam Nussey, 1,000 words)
EXCLUSIVE-Comcast prepares all-cash bid to gate-crashDisney-Fox deal
U.S. cable operator Comcast Corp is asking investment banksto increase a bridge financing facility by as much as $60billion so it can make an all-cash offer for the media assetsthat Twenty-First Century Fox Inc has agreed to sell to WaltDisney Co for $52 billion, three people familiar with the mattersay. (FOX-M&A/COMCAST (EXCLUSIVE, UPDATE 3, PIX, TV), moved, byGreg Roumeliotis and Liana B. Baker, 550 words)
+ See also:
- SKY-M&A/COMCAST, moved, 510 words
- FOX-M&A/COMCAST/ (UPDATE 1), moving shortly, by ArjunPanchadar and Sonam Rai, 390 words)
EXCLUSIVE-Walmart's grocery delivery partnerships with Uber,Lyft fail to take off
Walmart Inc's online grocery delivery partnerships withride-hailing services Uber and Lyft have ended, according to twosources, a potential setback for the retailer's ambitions tochallenge Amazon.com Inc head-on with speedy delivery ofgroceries to people's homes. (WALMART-GROCERY/DELIVERY(EXCLUSIVE, TV, PIX), moved, by Nandita Bose and HeatherSomerville, 900 words)
Valeant tries to leave the past behind with name change,shares surge
Valeant Pharmaceuticals International Inc will change itsname to Bausch Health Companies Inc to distance itself from aseries of scandals and accounting issues under the drugcompany's previous management. (VALEANT PHARM IN-RESULTS/(UPDATE 3), moved, 380 words)
EXCLUSIVE-Amazon, Apple vie to join drone tests U.S. willannounce Wednesday
Major technology and aerospace companies includingAmazon.com Inc, Apple Inc, Intel Corp, Qualcomm Inc, Raytheon Coand Airbus SE are vying to take part in a new slate of dronetests the United States is set to announce on Wednesday, peoplefamiliar with the matter tell Reuters. (USA-DRONES/COMPANIES(EXCLUSIVE, UPDATE 1, PIX), moving shortly, by Jeffrey Dastinand David Shepardson, 540 words)
MARKETS
Wall St lower after Trump announces Iran accord withdrawal
U.S. stocks are down after President Donald Trump announcweshe is pulling the United States out of the nuclear agreementwith Iran. (USA-STOCKS/ (UPDATE 4), updated throughout the day,420 words)
+ See also:
- GLOBAL-MARKETS/ (WRAPUP 7, GRAPHICS), updated throughoutthe day, 560 words
Hedge funds slash bearish dollar bets, and there's more tocome: McGeever
LONDON - Hedge funds and speculators spent the first fourmonths of the year betting heavily against the dollar. They'renow running for the hills. (GLOBAL-MARKETS/SPECULATORS(COLUMN), moved, by Jamie McGeever, 560 words)
ENERGY
Oil down sharply ahead of Trump announcement on Iran deal
NEW YORK - Oil prices are down more than 2 percent afterU.S. President Donald Trump announces that the United Sates willwithdraw from the Iran nuclear accord. (GLOBAL-OIL/ (UPDATE 10),updated throughout the day, 580 words)
Trump says ethanol exports could count toward US biofuelsquotas -sources
NEW YORK - U.S. President Donald Trump tells a group ofRepublican senators that he is considering allowing exportedethanol and other biofuels to count toward the annual volumesmandated under the nation's biofuels law, according to a sourcebriefed on the discussions.(USA-BIOFUELS/TRUMP (UPDATE 1, PIX),moved, by Jarrett Renshaw, 550 words)
Andeavor says it saved $100 mln in U.S. biofuel costs in2016-17
NEW YORK - Andeavor, one of the largest U.S. refiningcompanies, has reported saving $100 million over the past twoyears because of lower compliance costs related to the U.S.Renewable Fuel Standard, which requires refiners to mix biofuelslike ethanol into the nation's fuel or purchase credits fromrivals that do. (USA-BIOFUELS/SAVINGS, moved, by JarrettRenshaw, 370 words)
ECONOMY
Fed debates new vocabulary as it shifts away from loosepolicies
PALO ALTO, Calif./AMELIA ISLAND, Fla. - The Federal Reserveis entering new terrain in its post-crisis planning: how todescribe the conditions under which it would try to slow theeconomy and to do so without alarming financial markets.(USA-FED/ (PIX, GRAPHIC), moved, by Ann Saphir and HowardSchneider, 840 words)
U.S. job openings hit record high, more workers quitting
WASHINGTON - U.S. job openings surged to a record high inMarch, suggesting that a recent slowdown in hiring was probablythe result of employers having difficulties finding qualifiedworkers. (USA-ECONOMY/JOBS (UPDATE 2, GRAPHIC), moved, by LuciaMutikani, 550 words)
INSIGHT-How Trump's steel tariffs kick the can businessWOODLAND, Calif. - The Trump administration's tariffs onsteel and aluminum are having a ripple effect throughout theU.S. economy, from cars to aircraft to oilfield pipes, but canshave a special significance in the debate over the pros and consof the administration's policy. (USA-TRUMP/TARIFFS-CANS(INSIGHT, PIX, TV, GRAPHIC), moved, by Nick Carey, 1,110 words)
TRADE
US and China each say the other is wrecking the WTO
GENEVA - China and the United States blame each other forrisking the destruction of the World Trade Organization, withBeijing's ambassador decrying U.S. hostage-taking andWashington's envoy calling China's claims "Alice in Wonderland."(USA-TRADE/WTO (UPDATE 2), moved, by Tom Miles, 550 words)
NAFTA talks 'constructive' with focus on auto rules-Canadian minister
WASHINGTON - Canadian and U.S. negotiators held"constructive" talks to revamp the North American Free TradeAgreement (NAFTA) as efforts focus on agreeing to new rules forthe auto sector, Canadian Foreign Minister Chrystia Freelandsays. (TRADE-NAFTA/ (UPDATE 2, PIX), moved, by Anthony Esposito,550 words)
COMPANIES
U.S. urges judge to force AT&T to scrap deal or sell DirecTVor Turner
WASHINGTON - In a final push, the U.S. Justice Departmenturges a federal judge to stop AT&T Inc, which owns biggest payTV provider DirecTV, from buying movie and TV show maker TimeWarner Inc, or at least cut a big chunk out of the proposed $85billion transaction. (TIMEWARNER-M&A/AT&T, moved, by DianeBartz, 470 words)
EXPLAINER-Strikes and a departing CEO: Turmoil at AirFrance-KLM
BERLIN - Reuters looks at the major issues that underlie theturmoil at Franco-Dutch airline Air France-KLM its CEO said hewould resign following the rejection of a pay offer by strikingFrench staff. (AIR FRANCE KLM-DISPUTE/ (EXPLAINER), moved, 680words)
Icahn, Deason want bid of at least $40 per share for Xerox
Carl Icahn and Darwin Deason, shareholders in Xerox Corp whooppose an agreed deal with Fujifilm Holdings, say they wouldconsider an all-cash bid of at least $40 per share - a 43percent premium to the Japanese firm's offer.(XEROX-M&A/FUJIFILM (UPDATE 6, PIX), moved, by LahareeChatterjee, 620 words)
EXCLUSIVE-Hudson's Bay seeks to revive Lord & Taylor'sfortunes
Hudson's Bay Co is working with investment bankers andconsultants to identify deals and new measures to turn aroundits Lord & Taylor department store chain, once the cornerstoneof its retail empire, people familiar with the matter say.(HUDSONSBAY-LORD&TAYLOR/ (UPDATE 1, EXCLUSIVE, PIX, GRAPHIC),moved, by Jessica DiNapoli and Nichola Saminather, 970 words)
Four more Nike executives exit as harassment inquirycontinues
Nike Inc says four unidentified senior executives areleaving the company as the sportswear maker continues afar-reaching investigation into workplace harassment.(NIKE-MOVES/ (UPDATE 1), moved, 120 words)
ALSO IN THE NEWS
U.S. House to take up Dodd-Frank rewrite 'soon', saysSpeaker Ryan
WASHINGTON - The U.S. House of Representatives will soontake up a bill easing banking rules adopted after the globalfinancial crisis, House Speaker Paul Ryan says.(USA-HOUSE/RYAN-BANKING (PIX), moved, by Susan Cornwell andKatanga Johnson, 200 words)
