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

Amazon sees lower operating profit this quarter, shares dip

Amazon.com Inc forecast an unexpected dip in operating profit for the current quarter, sending shares down more than 4 percent due to concerns about the costs of investments including new warehouses and video content. The world's largest online retailer also reported lower-than-expected fourth-quarter revenue and missed Wall Street targets for its closely watched cloud computing unit. Key to its plan is to entice sign-ups for Amazon Prime, its $99-per-year shopping club, which has led to users buying more goods, more often.

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Amazon sees lower operating profit this quarter, shares dip

VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars, court documents showed. German auto supplier Robert Bosch GmbH [ROBG.UL] also agreed to pay $327.5 million to U.S. diesel VW owners, according to the documents filed late Tuesday. Volkswagen could be forced to pay up to $4.04 billion if regulators don't approve fixes for all vehicles.

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VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims

Savaged dollar steadies ahead of Fed, stocks rise

World stocks made their first gain in five days on Wednesday as the dollar steadied from turbulence after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage. The U.S. currency suffered its worst January in three decades after President Donald Trump complained that every “other country lives on devaluation”. Bargain hunters nudged the dollar up 0.15 percent in Asian and European trading, reassuring themselves that the Federal Reserve should signal later that it still plans to raise U.S. interest rates a number of times this year.

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Savaged dollar steadies ahead of Fed, stocks rise

Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts

By Henning Gloystein SINGAPORE (Reuters) – Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. Brent crude futures , the international benchmark for oil prices, were trading at $55.25 per barrel at 0112 GMT, virtually unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $52.58 a barrel, down 5 cents from their previous settlement.

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Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts

Hard-drive maker Seagate’s revenue, profit beat estimates

(Reuters) – Hard-disk drive maker Seagate Technology Plc reported higher-than-expected profit and revenue, helped by strong demand for its cloud-based storage products. The hard-disk drive maker has been focusing on cloud-based products as businesses cut spending on traditional storage systems. Seagate also said earlier this month that it plans to shut its Suzhou factory in China.

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Hard-drive maker Seagate’s revenue, profit beat estimates

How Russia sold its oil jewel: without saying who bought it

MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it. The stake was sold for 10.2 billion euros to a Singapore investment vehicle that Rosneft said was a 50/50 joint venture between Qatar and the Swiss oil trading firm Glencore. Unveiling the deal at a televised meeting with Rosneft's boss Igor Sechin on Dec. 7, President Vladimir Putin called it a sign of international faith in Russia, despite U.S. and EU financial sanctions on Russian firms including Rosneft.

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How Russia sold its oil jewel: without saying who bought it

Toyota Motor to add 400 jobs at Indiana assembly plant

By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker said the jobs were part of a $600 million upgrade of its plant in Princeton, Indiana, and were included in its plans announced earlier this month to invest $10 billion in its U.S. operations over the next five years.

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Toyota Motor to add 400 jobs at Indiana assembly plant

Japan Inc believes Abe, Trump don’t want to see excessive yen weakness: Reuters poll

By Tetsushi Kajimoto TOKYO (Reuters) – Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third cited national security concerns as the most pressing issue Abe should bring up with the new president. The latest survey highlights caution over how U.S. policy will develop under Trump, who was sworn in as president on Friday, with his protectionist agenda casting a cloud over the outlook on global trade.

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Japan Inc believes Abe, Trump don’t want to see excessive yen weakness: Reuters poll

IBM revenue fall dims upbeat profit forecast

International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics. CFRA Research analyst David Holt said the company's results still raised questions as to when revenue would grow. “The 800-pound gorilla in the room is the overall inflection point towards revenue growth.

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IBM revenue fall dims upbeat profit forecast