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Today โ€” January 17th 2019Reuters Top News

Sears chairman Lampert wins bankruptcy auction for retailer with $5.2 billion bid

Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.

North Korea deemed 'extraordinary threat' in Trump missile defense review

President Donald Trump was unveiling a revamped U.S. missile defense strategy on Thursday that singles out North Korea as an ongoing and "extraordinary threat," seven months after he declared the threat posed by Pyongyang had been eliminated. 

Stocks little changed amid China, trade worries; pound stabilizes

Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to stabilize sterling.

Volatile market hits Morgan Stanley's trading, wealth management

Morgan Stanley's profit fell short of analyst expectations as trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down more than 5 percent.

U.S. separated 'thousands' more immigrant children: watchdog

The U.S. government may have separated "thousands" more immigrant children from their parents than previously known but inadequate record-keeping means the exact number is still unclear, an internal watchdog said on Wednesday.

Leslie Moonves challenges $120 million severance denial by CBS

Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company's decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday.

Wall Street shrugs off weak start to hold at one-month high

Wall Street's main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors.

Banks turn stocks red, pound finds some peace

Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.

EU open to more ambitious deal with Britain: Barnier

The European Union is open to the possibility of an agreement with Britain that goes beyond free trade, EU Brexit negotiator Michel Barnier said on Thursday.

Wall Street slips at open after Morgan Stanley results

U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices.

Weak Morgan Stanley results, trade worries to pull Wall St. lower at open

Wall Street's main indexes were set to retreat from one-month highs on Thursday, hit by Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.

Facebook blocks accounts linked to Russian state-owned Sputnik

Facebook Inc said on Thursday it had removed hundreds of Russia-initiated accounts, which it judged to be involved in coordinated inauthentic behavior on its platforms, including some linked to state-owned news agency Sputnik.

UK in deadlock over Brexit 'Plan B' as May and Corbyn double down

Britain's last-minute scramble to shape its exit from the EU, its biggest policy upheaval in half a century, hit the rocks on Thursday as Prime Minister Theresa May and opposition Labour leader Jeremy Corbyn dug in their heels for competing visions.

Morgan Stanley profit misses as bond traders stumble in volatile markets

Morgan Stanley missed analysts' estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading, sending its shares down 5 percent.

Trading operations stung banks in fourth quarter but dovish Fed fuels hope

Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now.

Morgan Stanley quarterly profit more than doubles

Morgan Stanley's fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law.

In Argentina crisis, firms do everything to cut costs - except fire workers

Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills.

U.S. Army vows to fix 'broken' housing at Fort Meade in wake of Reuters report

The commander of one of the largest Army bases in the United States promised residents to fix a “broken” housing system in which maintenance lapses by a private landlord left military families in homes with health and safety hazards.

Last 19 missing after deadly Nairobi hotel attack now accounted for: Red Cross

Nineteen people still missing two days after a Somali militant attack on a Nairobi hotel and office complex that killed 21 people are now accounted for, the Kenyan Red Cross said on Thursday.

Kenya Red Cross: everyone missing after hotel attack now accounted for

The Kenya Red Cross said on Thursday that all people missing after an attack on a Nairobi hotel complex had now been accounted for.

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