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Saturday, January 13, 2018
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Tuesday, January 16, 2018
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Thursday, January 18, 2018
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Market Update  

- By Steve Goldstein, MarketWatch As imports climb, U.S. trade gap with China expands President Donald Trump this week complained to China's President Xi Jinping of a worsening trade defici...
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Business News  

Nestle selling US candy business for $2.8 billion
(AP Photo - Mark Lennihan)
From Associated Press
January 16, 2018 1:36 PM EST

NEW YORK (AP) — Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.8 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip.

Gains by health care companies helped lift U.S. stocks higher in afternoon trading Tuesday as investors sized up the latest company earnings and deal news.

DETROIT (AP) — Fiat Chrysler's Jeep brand is giving the Cherokee compact SUV a major face-lift so it can better compete in one of the hottest parts of the U.S.

DETROIT (AP) — Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte.

BISMARCK, N.D. (AP) — Fearing sanctions by the state, some North Dakota oil drillers have begun cutting output to control the amount of natural gas that's being burned off at well sites and wasted as a byproduct of crude production, industry and state officials say.

BOSTON (AP) — After a decade breaking off substantial pieces of the multinational conglomerate in bid to a return to its industrial roots, a more comprehensive reshaping of General Electric Co.

UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul.

NEW YORK (AP) — Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday — effectively wiping out the company's full-year 2017 profit — as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law.

GENEVA (AP) — U.S. President Donald Trump will deliver the closing address at the elite World Economic Forum conference in Davos next week, which focuses on "finding ways to reaffirm international cooperation on crucial shared interests," forum organizers announced Tuesday.

DUBAI, United Arab Emirates (AP) — Bahrain released radar tracks on Tuesday it said showed Qatari fighter jets passing by Emirati commercial airliners bound for the island nation, encounters which set off a new dispute pitting Qatar against the Gulf nations that have been boycotting it since last summer.

NEW YORK (AP) — Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division.

FRANKFURT, Germany (AP) — Europe is preparing to find successors for many of its most powerful economic officials, including the influential head of the European Central Bank.

BEIJING (AP) — Global stocks were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings.

NEW YORK (AP) — New York City created or preserved over 24,500 affordable homes last year, breaking a record for the nation's biggest city, Mayor Bill de Blasio announced Tuesday.

BRUSSELS (AP) — European Union Council President Donald Tusk on Tuesday urged Britain to change its mind about leaving the bloc next year, as time to conclude a Brexit agreement runs short and EU leaders await more details on how the country sees their future ties.

SEOUL, South Korea (AP) — Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible.

WASHINGTON (AP) — An attempt to oust President Donald Trump's hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct.

HONG KONG (AP) — David Hanson envisions a future in which AI-powered robots evolve to become "super-intelligent genius machines" that might help solve some of mankind's most challenging problems.

BEIJING (AP) — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investorsed look ahead to American corporate earnings.

DETROIT (AP) — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump's surname.

DUBAI, United Arab Emirates (AP) — The United Arab Emirates claimed Qatari fighter jets intercepted two of its commercial airliners in international airspace on the way to Bahrain, allegations denied by Qatar.

DETROIT (AP) — It's the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks in a fast-growing and highly competitive U.S.

NEW YORK (AP) — Pharmacy giant CVS said it will stop significant touchups of images used in its advertising for beauty products. The company said it has a responsibility to think about sending messages of unrealistic body images to girls and young women.

MILWAUKEE (AP) — The next phase in data collection is right under your feet. Online clicks give retailers valuable insight into consumer behavior, but what can they learn from footsteps? It's a question Milwaukee-based startup Scanalytics is helping businesses explore with floor sensors that track people's movements.