Colgate to buy skin care business of France's Filorga for $1.69 billion

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Reuters.com Newsletter

Colgate to buy skin care business of France's Filorga for $1.69 billion

Colgate-Palmolive Co said on Thursday it would buy Laboratoires Filorga Cosmétiques' skin care business for 1.50 billion euros ($1.69 billion).

World stocks rise as bond yields buoy financials; oil drops

A broad index of stocks around the world rose on Thursday as financial shares helped Wall Street's benchmark index advance, while oil prices fell on a forecast for weaker demand.

Boeing 737 program manager to retire amid crisis over jet's grounding: memo

Boeing's 737 jet program manager, Eric Lindblad, will retire in a matter of weeks after roughly 12 months on the job, according to a company memo seen by Reuters on Thursday.

S&P 500, Dow climb as health insurers, financials gain

The Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed to rein in prescription drug prices, while financial shares climbed with bond yields.

As Fed's Powell affirms rate cut view, others see U.S. economy humming

As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.

Bostic: Fed's focus is its mandates not market pricing for rate cuts

Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that continues to perform well, Atlanta Federal Reserve President Raphael Bostic said on Thursday.

Wall Street banks bailing on troubled U.S. farm sector

In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.

Deutsche Bank to layoff 126 New York staff as part of restructuring

Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Thursday.

Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm

Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut about half of their output in the Gulf of Mexico ahead of what could be one of the first major storms of the Atlantic hurricane.

Ford, Volkswagen promise details on electric, autonomous vehicle alliance

Ford Motor Co and Volkswagen AG said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles.

Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes

Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals business Indivior before it was spun out of the company carried out an illegal scheme to boost sales of an opioid addiction treatment.

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