Breaking business news: Exclusive: Trump considers big 'fine' over China intellectual property theft

Click to View in Browser Wednesday, January 17, 2018 Exclusive: Trump considers big 'fine' over China intellectual property theft WASHINGTON (Reuters) - President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China. Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes (Reuters) - Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. Dow ends above 26,000 on earnings optimism NEW YORK (Reuters) - U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors. FTC investigating Broadcom for antitrust practices (Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday. Alcoa reports bigger quarterly loss (Reuters) - Aluminum producer Alcoa Corp reported a bigger quarterly loss on Wednesday, hurt by the closure and divestiture of some smelting assets. Regulatory fears hammer bitcoin below $10,000, half its peak LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. Shari Redstone explores adding new CBS directors: WSJ (Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday. Apple issues $2,500 bonuses to employees after new tax law: Bloomberg (Reuters) - Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter. Major shareholder demands Xerox disclose JV agreement with Fuji (Reuters) - Major Xerox Corp shareholder Darwin Deason has urged the photocopier pioneer to make public its joint venture agreement with Japan's Fujifilm Holdings Corp , saying U.S. securities laws require it should do so. Exclusive: Activist investor Sachem Head pushes Whitbread to consider break-up - sources LONDON (Reuters) - Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters. Related Video Cyber security startups stumble despite hacking frenzy Apple to pay $38 billion in U.S. taxes, open a new campus Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook