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Reuters: Business News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
  • Marlboro cigarette maker Philip Morris International drew accusations of hypocrisy on Monday after using a four-page newspaper advertisement to urge smokers to quit cigarettes.

  • Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies.

  • Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise another $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.

  • Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time.

  • Toymaker Hasbro Inc missed analysts' expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys 'R' Us hurt sales in Europe and the United States, sending its shares down as much as 8 percent.

  • Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters.

  • U.S. stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower.

  • Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.

  • Belgium has chosen Lockheed Martin's F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane's position in Europe.

  • Hasbro Inc said on Monday the recent bankrupt retailer Sears Holding Corp will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.

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