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

Oil eases after two-day gain, rising U.S. production weighs

Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. U.S. oil production has risen more than 6 percent since mid-2016, although it remains 7 percent below a historic high in 2015.

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Oil eases after two-day gain, rising U.S. production weighs

Small banks rally pauses but may not be over yet

The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump's surprise Nov. 8 victory, while their large-cap peers on the S&P 500 index have jumped over 17 percent. Smaller lenders could potentially add as much as 40 percent to their fourth-quarter 2017 earnings if Trump's promises of tax cuts and regulatory changes materialize, according to Sandler O' Neill analyst Brad Milsaps.

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Small banks rally pauses but may not be over yet

Exclusive: Four large Wells Fargo shareholders want more action from board

By Dan Freed NEW YORK (Reuters) – Several large Wells Fargo & Co investors say they are looking for changes on the board of directors in the wake of a sales scandal that has caused months of upheaval for the bank and cost its former chief executive his job. Four shareholders who spoke to Reuters voiced concerns about the 15-member board's initial response to the crisis, its size, directors' responsibilities and their outside commitments. Another, Gamco CEO Mario Gabelli, would not discuss the board's performance.

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Exclusive: Four large Wells Fargo shareholders want more action from board

Boeing shares fall as United Airlines cancels 737 order

Boeing Co shares dropped on Tuesday after United Continental Holdings said it will cancel orders for 61 Boeing 737 jetliners worth nearly $5 billion at list prices, and buy newer 737 models for delivery in later years. The decision called into question Boeing's plans to increase production of one of its biggest money makers over the next two years, and its ability to generate more cash for investors. “737 output is their only realistic way to increase cash flow,” said Richard Aboulafia, an aerospace analyst at the Teal Group in Virginia.

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Boeing shares fall as United Airlines cancels 737 order

Elon Musk-backed AI startup and Microsoft sign cloud agreement

(Reuters) – OpenAI, the non-profit artificial intelligence (AI) research firm backed by Tesla Motors Inc's Elon Musk and other prominent tech executives, has signed an agreement to run most of its large-scale experiments on Microsoft Corp's flagship cloud service, Azure. OpenAI will use Azure for its experiments in deep learning and AI, and Microsoft will collaborate with the company on advancing research and creating new tools and technologies. Musk, along with venture capitalist Sam Altman, co-chairs OpenAI, whose backers apart from Musk include Amazon.com Inc's Amazon Web Services and tech investor Peter Thiel and LinkedIn Corp co-founder Reid Hoffman.

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Elon Musk-backed AI startup and Microsoft sign cloud agreement

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

(Reuters) – Exxon Mobil Corp is negotiating with Chad about a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday. Exxon has appealed the Oct. 5 Chad court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium that Exxon led over 44 trillion CFA francs ($73.44 billion) – nearly four times BP's record Deepwater Horizon settlement. …

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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

S&P, Nasdaq rise as tech stocks back in favor

The S&P technology sector, which had fallen about 3 percent since Donald Trump's shock victory, rose 1.29 percent. Microsoft's 1.62 percent rise gave the biggest boost to the S&P and the Dow, followed by Amazon and Alphabet. Both the S&P and the Dow had rallied in the past week since Trump's victory on expectations of higher fiscal spending and lower regulations in the financial and environmental sectors.

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S&P, Nasdaq rise as tech stocks back in favor