Business

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US stock indexes mixed in early trading; oil prices slide

The major U.S. stock indexes were mixed in early trading Friday as gains by banks and consumer-focused companies outweighed losses in energy and other sectors. The price of oil fell on a report saying U.S. production is set to rise further above 50-year highs. Investors were monitoring developments …

Markets

Senate Democrats Poised to Block GOP Stopgap Funding Bill

Lawmakers have just one more day to pass the partial government funding bill to keep the government open. @kevcirilli has the latest on the bill …

Elections

Delta Air to tighten onboard emotional support animal requirements

NEW YORK (Reuters) - Delta Air Lines (DAL.N) is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in animal-related safety issues over the last several years.<p>Effective March 1, Delta, the …

Aviation

U.S. could become world's biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.<p>The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.<p>"This year promises …

Oil

U.S. regulator sues three virtual currency operators for fraud

The U.S. derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are cracking down on the emerging asset class.<p>The …

Cryptocurrency

Coca-Cola is being slammed for its massive solution to the 'plastics epidemic' as critics call for a world where where plastic bottles are extinct

• <b>Coca-Cola announced on Friday that for every bottle it sells, it will recycle the equivalent number of bottles.</b>• <b><br>Greenpeace slammed Coca-Cola for focusing on recycling, instead of making moves to decrease its use of single-serve plastic bottles.</b>• <b><br>Coca-Cola's CEO said that if Coke can manage to recycle</b> …

Recycling

Trump Administration Requests $0 In Funding For Consumer Protection Agency

The Trump administration requested $0 in second quarter funding for the Consumer Financial Protection Bureau (CFPB), and will instead rely on reserves to fund the federal agency.<p>“This letter is to inform you that for second quarter of fiscal year 2018, the [CFPB] is requesting $0,” Mulvaney wrote …

Sherrod Brown

Faber Report: Big week for activists

CNBC's David Faber reports on a few activist investing headlines for the week including Lowe's and Nestle both adding to their boards.

Lowe's

Stocks open higher but worries of government shutdown loom

CNBC's Bob Pisani looks ahead at the day's market action.

Exponential Finance Conference

MetLife: Tax reform will have more impact this year than a government shutdown

Drew Matus of MetLife says the tax bill was a good example of something getting done in Washington that should boost growth this year.

MetLife

Paris metro drivers strike as network turned into 'junkie land' by epidemic of crack addicts

Metro drivers in Paris on Friday went on strike to protest an epidemic of crack addicts on the underground with the problem so bad that some refuse to stop at certain stations due to security fears.<p>Drivers held crisis talks with management and police as almost half on line 12 of the Paris …

Addiction

Facebook hires Eurosport chief for multibillion live sport push

Appointment made weeks ahead of deadline for bids on rights to stream live Premier League matches in the UK<p>Facebook is poised to appoint a senior broadcasting executive to to lead its multibillion dollar drive to secure streaming rights for top-flight live sport.<p>Facebook’s appointment of Eurosport …

Soccer

Tide Pod Challenge: Is P&G's brand in danger?

P&G’s (PG) product nightmare is back in the news as fresh new social media memes and videos of teens eating colorful Tide detergent pods because they resemble candy have re-emerged, creating nearly six years of turmoil for the company since the product launched in 2012.<p>“To address the deep …

Rob Gronkowski

Designer diapers are now a thing, thanks to Aden and Anais

Designer diapers, you say? For your baby to poop in? Yup, that’s right.<p>Aden and Anais is a brand that many new parents are familiar with thanks to its muslin swaddles, which are perfect for newborns. <b>The brand has now launched a line of extra-soft disposable diapers that have beautiful patterns on</b> …

Babies

US government proposes new rules for hog slaughter

DES MOINES, Iowa – The federal government wants to change the rules on how most hogs slaughtered for meat in the U.S. are processed.<p>Some of the U.S. Department of Agriculture proposals released Friday are similar to those enacted in 2014 for poultry processors.<p>One rule allows pork processors to …

Agriculture

Starbucks tests a cashless store in Seattle

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.</i><p>Starbucks is running a single-location cashless pilot in a store located in the lobby of a Seattle-based office building, according to …

Banking

ECB to end QE by Dec but should do so sooner-economists

BENGALURU (Reuters) - The European Central Bank will stop printing money by the end of the year, but should do so much sooner, a majority of economists polled by Reuters said, citing a solid and synchronized growth outlook for the currency bloc.<p>The debate on the central bank ending its quantitative …

Economy

Lowe's Activist Believes Stock Value Could Triple

The activist investor targeting Lowe’s Cos. believes the home improvement retailer’s stock could triple in value if it makes changes to match up to …

Lowe's

France: Unions approve 1,300 job cuts at Peugeot maker PSA

PARIS (AP) — Unions at Peugeot maker PSA Group have agreed to 1,300 job cuts made possible by new French labor rules imposed by President Emmanuel Macron.<p>Five of six unions at PSA signed the deal with company management Friday.<p>Hard-left union CGT refused to sign, arguing it is a veiled way to get …

Emmanuel Macron

World’s Most Admired Companies

HOW WE CONDUCT THE MOST ADMIRED SURVEY<p>As we have in the past, Fortune collaborated with our partner Korn Ferry on this survey of corporate …

Chose

Amazon hikes price for its Prime service by 18 percent

(Reuters) - Amazon.com Inc (AMZN.O) on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99.<p>Existing monthly Prime and Prime Student members will pay the new price for renewals after Feb. 18, Amazon said on its website.<p>Amazon's shares …

Amazon

Czech lawmakers lift immunity for PM Babis over fraud claims

PRAGUE (AP) — Czech lawmakers agreed Friday to lift the immunity from prosecution for Prime Minister Andrej Babis over alleged fraud involving European Union subsidies.<p>The 111-69 vote in the lower house of parliament allows police to complete their investigation into Babis' possible involvement in …

Czech Republic

Exclusive: Most U.S. states lost coal mining jobs in 2017 – data

WASHINGTON (Reuters) - Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.<p>The statistics come as the administration of President Donald Trump …

Climate

Manufacturing sales post biggest gain since March 2015

Canadian manufacturing sales jumped 3.4 per cent in November, their biggest increase in 2-1/2 years, on strength in transportation equipment and petroleum and coal products, Statistics Canada said on Friday.<p>Sales set a record high of $55.47-billion on improved performances in 12 of 21 industries, …

Manufacturing

JPMorgan CEO Jamie Dimon got a 5% raise in 2017 — here's how much he made

• <b>JPMorgan CEO Jamie Dimon took home $29.5 million in 2017, a 5.4% boost compared to the previous year.</b>• <b><br>He helms the US' largest bank, whose stock beat the S&P 500 index by 4 percentage points.</b><p>Jamie Dimon, CEO of JPMorgan Chase, got a raise of 5.4% in 2017, putting his total compensation at $29.5 …

Jamie Dimon

NAFTA talks seen ending happily, despite growls from Trump

BENGALURU/SAO PAULO (Reuters) - The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling.<p>Only four of 45 economists polled this week said …

Economy

Sierra Bancorp declares $0.16 dividend

Sierra Bancorp (NASDAQ:BSRR) declares $0.16/share quarterly dividend, 14.3% increase from prior dividend of $0.14.<p>Forward yield 2.31%<p>Payable Feb. 15; …

Stocks

France's Davos? Macron hosting 140 CEOs in investment push

PARIS (AP) — French President Emmanuel Macron will be hosting over 100 CEOs of major multinationals at the chateau of Versailles to try to persuade them to invest, and especially hire, in France.<p>Macron will vaunt his government's changes to French tax and labor law, as he tries to attract foreign …

Emmanuel Macron

Coke: We'll recycle one can or bottle for every one we sell

Coca-Cola is pledging to keep more of its cans and bottles out of landfills.<p>The company said Friday that it will make a concerted effort to recycle and use more environmentally friendly packaging over the next 12 years.<p>Coke (KO) is dubbing it the "World Without Waste" initiative.<p>In an statement …

Recycling

Lowe's names two directors after talks with activist investor

(Reuters) - Lowe’s Cos Inc (LOW.N) said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the home improvement chain, sending its shares up 2 percent.<p>David Batchelder, co-founder of Relational Investors, and Lisa Wardell, CEO of …

Lowe's

Credit Suisse's Top China Dealmaker Is to Leave the Bank

Credit Suisse Group AG’s most senior China dealmaker, Mervyn Chow, is leaving after about two decades with the Zurich-based firm, people familiar …

Banking

Los Angeles Times publisher under fire after NPR report

The CEO and publisher of the Los Angeles Times is under investigation by the paper's parent company, Tronc, following an NPR report about "questionable behavior."<p>And the Times newsroom appears to be in a state of revolt.<p>Ross Levinsohn was put in charge of the paper just five months ago. He was …

Journalism

Ford CEO Jim Hackett on the future of computing, cities, and self-driving cars

In May 2017, Ford announced that it had replaced its CEO, Mark Fields, who had been with the company since 1989, with Jim Hackett. Despite being on Ford’s board since 2013, Hackett was probably best known for leading Steelcase, the large office-furniture company, for decades and turning around its …

Ford Mustang

Automakers considering cars geared for ride-hailing app drivers

DETROIT — Having watched the rise of ride-hailing apps, automakers are poised start making changes to new cars to cater directly to a new group of customers -- Uber and Lyft drivers.<p>With millions of Americans pressing their own cars into service to ferry passengers, auto companies are seeing a …

Uber

Airbus Sales Chief Says Emirates Deal Firmed-Up by Feb. 15

Airbuus COO John Leahy discusses the progress of a deal with Emirates and outlook for the company overall. He speaks with Guy Johnson on "Bloomberg …

Airbus

Japan government upgrades economic view for first time in seven months

TOKYO (Reuters) - The Japanese government raised its assessment of the economy in January for the first time in seven months due to rising consumer spending, an encouraging sign that inflation could start to pick up this year.<p>"Japan's economy is gradually recovering," the Cabinet Office said in its …

Economy

Germany's Merkel to address Davos forum next Wednesday

BERLIN (AP) — The German government says Chancellor Angela Merkel will appear at the World Economic Forum in Davos next Wednesday, a day when the event's focus is on Europe.<p>Merkel spokesman Steffen Seibert said Friday that the chancellor will give a speech to the annual gathering of global …

Angela Merkel

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.52%

© Reuters. Sri Lanka stocks higher at close of trade; CSE All-Share up 0.52%<p>Investing.com – Sri Lanka stocks were higher after the close on Friday, …

Markets

Hiring Women Isn't the Problem but Keeping Them is, Says ConocoPhillips CEO Ryan Lance

The oil industry is doing a better job of hiring women. Keeping them remains the challenge, says ConocoPhillips (cop) CEO Ryan Lance.<p>Conoco, the …

American Petroleum Institute

Japan's December core inflation likely steady, BOJ policy seen unchanged

TOKYO (Reuters) - Japan's consumer prices are expected to have posted a 12th straight month of gains in December, a Reuters poll found, although the persistently modest inflation will pressure the central bank to maintain its stimulus to meet its 2 percent target.<p>Economists project the Bank of …

Economy