Global Stocks Rally Gathers Pace as Bonds Slide: Markets Wrap

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Global Stocks Rally Gathers Pace as Bonds Slide: Markets Wrap

Bloomberg
A global equities rally gathered speed as investors embraced riskier assets after the Dow Jones Industrial Average topped 20,000 for the first time.

Johnson & Johnson to buy Actelion for $30 billion, spin off R&D unit

Reuters
ZURICH U.S. healthcare giant Johnson & Johnson (JNJ.N) will buy Swiss biotech company Actelion (ATLN.S) in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday.

RBS Adds $3.8 Billion to Mortgage Inquiry Provisions as Rivals Settle

New York Times
A Royal Bank of Scotland cash machine at a Tesco Bank in Liverpool, England. Credit Paul Ellis/Agence France-Presse – Getty Images.

Fiat Chrysler profit means big checks for UAW workers

U.S. News & World Report
FRANKFURT, Germany (AP) – Automaker Fiat Chrysler saw net profit jump to 1.81 billion euros ($1.92 billion) last year as a more profitable model mix and lower costs helped overcome a sales decline in North American markets.

Mar-a-Lago Doubles Its Initiation Fee as Membership Interest…

New York Times
… □ The Mar-a-Lago resort doubles its initiation fee – to $200,000 – leading to charges that the Trump Organization is cashing in on its founder’s power.

Harvard Management Company to Lay Off Half Its Staff

Harvard Crimson
Harvard Management Company will lay off approximately half of its 230-person staff by the end of the calendar year in the genesis of a five-year overhaul of the world’s largest university endowment.

UK Economy Fires on All Cylinders, Beating Expectations Despite Brexit Worry

Wall Street Journal
LONDON—The U.K. economy expanded steadily in the last three months of 2016, preliminary data showed, suggesting Britain was among the fastest-growing major economies, despite the drama of June’s Brexit vote.

Kraft Heinz, Oprah form joint venture to develop new line of food products

CNBC
Heinz ketchup maker Kraft Heinz and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States.

UPDATE 1-Chipmaker Qualcomm’s revenue misses estimates

Business Insider
Jan 25 (Reuters) – Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue, at a time when the chipmaker is facing multiple legal challenges over its alleged “anticompetitive” tactics.

Under Trump, It’s Make a Deal With the President — or Else

Bloomberg
In the opening days of his presidency, Donald Trump has leaned heavily on what he believes is his strongest skill, and the secret to his success in both business and politics: negotiation.

As Trump Hotels Expand, Trump Club Also Raises Fees – And Eyebrows

NPR
President Trump has said he won’t do any new foreign deals while in the White House, but that won’t stop new Trump hotels from springing up across the United States.

American Airlines eliminating in-seat screens on new jets

CNNMoney
American Airlines says it dropping seat-back screens from its in-flight entertainment on its 100 new Boeing 737 Max jets because most passengers carry their own screens.

Bob Evans shares rocket on sale of restaurants division

USA TODAY
Shares of Bob Evans Farms rose nearly 21% Wednesday after the operator of a 523-unit chain of family dining eateries in the nation’s heartland said it is splitting into two businesses.

Oil Climbs Despite Higher US Inventories

Wall Street Journal
Oil futures edged higher Thursday, as traders shrugged off another big jump in U.S. oil inventories and remained focused on promised production cuts.

Musk’s Surprising Rapport With Trump Yields 40% Rally for Tesla

Bloomberg
Shares of the billionaire’s Tesla Motors Inc. have surged 40 percent since Dec. 1, putting the stock within reach of a 52-week high.

Pipeline leaks 138000 gallons of diesel in Iowa

USA TODAY
DES MOINES – An investigation is ongoing on how a pipeline leaked 138,600 gallons of diesel fuel in Worth County early Wednesday morning, according to Magellan Midstream Partners L.P.

Craig Forman new CEO of McClatchy Co.

Roanoke Times
SACRAMENTO, Calif. (AP) – The McClatchy Co. on Wednesday named former Yahoo! and Earthlink executive Craig Forman as its new president and chief executive officer as the newspaper publishing giant struggles to make money in the digital age.

Uber was the most expensed service with 6% of all business receipts in 2016

VentureBeat
Uber continues to be the transportation service of choice for business travelers, making up 52 percent of all expenses in Q4, according to a study by Certify.

AT&T CEO: We’d invest more with Trump tax cut

USA TODAY
NEW YORK—Name the topic, AT&T’s chief likes what it sees from the new administration of Donald Trump. If only he knew how the new president will deal with AT&T’s biggest gamble – its $85 billion merger with Time Warner.

Spain Unemployment Falls to Seven-Year Low Amid Budget Talks

Bloomberg
Spanish unemployment fell to a seven-year low in the fourth quarter in a boost for Prime Minister Mariano Rajoy, who has made job creation the centerpiece of his administration.

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