Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

(Reuters) – Allergan Plc on Monday said it would buy Zeltiq Aesthetics Inc for about $2.48 billion to gain access to its flagship body contouring technology.

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Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Boeing, machinists face off over union at South Carolina plant

NEW YORK/NORTH CHARLESTON, S.C. (Reuters) – Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation's most strongly anti-union state. The world's largest planemaker is running a hardball campaign against the International Association of Machinists and Aerospace Workers (IAM), which is trying to organize about 3,000 workers at one of two plants where Boeing makes 787 Dreamliners. The other, in Washington state, has long been unionized by the IAM.

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Boeing, machinists face off over union at South Carolina plant

U.S. job growth accelerates in January, but wages lag

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. The unemployment rate, however, rose one-tenth of a percentage point to 4.8 percent and wages increased by only three cents, suggesting that there was still some slack in the labor market.

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U.S. job growth accelerates in January, but wages lag

China vehicle sales to grow 5 percent in 2017 as tax cut reduced

By Jake Spring and Fang Cheng BEIJING(Reuters) – China's vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive is reduced. China's auto market, the world's largest, grew to 28 million vehicles in 2016 and will likely climb 5 percent in 2017 to 29.4 million vehicles, the China Association of Automobile Manufacturers said on Thursday. The sales tax on cars with engines of 1.6 liters or below was cut to 5 percent from 10 percent in late 2015, giving the auto industry a much-needed shot in the arm as the economy slowed.

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China vehicle sales to grow 5 percent in 2017 as tax cut reduced

Trump recommits to ‘major border tax’ on foreign-produced U.S. products

President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants. Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country. Trump, who will be sworn into office on Jan. 20, warned of a “very large border tax” on companies that shift production to foreign countries.

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Trump recommits to ‘major border tax’ on foreign-produced U.S. products

U.S. job growth slows, but wages rebound strongly

U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday. The gains, however, are more than sufficient to absorb new entrants into the labor market.

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U.S. job growth slows, but wages rebound strongly

Boosted by Apple, Wall Street parties like it’s 19,999

Apple climbed 1.1 percent after Canada's Competition Bureau did not find sufficient evidence the iPhone maker had engaged in anti-competitive conduct, closing a two-year investigation into the company. Wall Street has been on a tear since Trump won the U.S. election in November, with the Dow up 9 percent as investors bet he will stimulate the economy with lower taxes and infrastructure spending.

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Boosted by Apple, Wall Street parties like it’s 19,999

U.S. consumer spending slows; business investment perking up

U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The slowdown in growth is likely to be temporary given the strong economic foundation that could be bolstered by President-elect Donald Trump's plan to slash taxes and boost infrastructure spending. “The fourth quarter is coming in soft.

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U.S. consumer spending slows; business investment perking up

Exclusive: Bangladesh panel finds insiders negligent in central bank heist

A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. In his first detailed comments on the inquiry since a report was submitted to the government in May, former central bank governor Mohammed Farashuddin said the officials were low to mid-level and were not directly involved in the crime. Bangladesh has so far refused to make the inquiry report public saying it wanted to deny perpetrators knowledge of the investigation into one of the world's biggest cyber-heists.

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Exclusive: Bangladesh panel finds insiders negligent in central bank heist