Reuters Business Today: December 19, 2016

Click to View in Browser Monday, December 19, 2016 IMF's Lagarde guilty, but not punished, in French negligence trial PARIS (Reuters) - French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while she served as France's finance minister in 2008, but imposed no punishment, likely improving chances that she would stay on at the Fund. Wall Street extends rally but Germany truck deaths reduce gains (Reuters) - Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany. Exclusive: U.S. proposed $5-7 billion penalty for Credit Suisse on toxic debt - source ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount. Fed approves rule requiring banks to publicly disclose liquid assets WASHINGTON (Reuters) - The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals. U.S. charges Platinum Partners executives with $1 billion fraud NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Boeing airplane unit to cut more jobs in 2017 SEATTLE (Reuters) - Boeing Co's commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes. Murdoch denies pressuring UK prime ministers ahead of Sky submission LONDON (Reuters) - Rupert Murdoch said on Monday he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his $14.6 billion bid for pay-TV group Sky . Fed's Yellen trumpets education in changing economy WASHINGTON (Reuters) - Changing technologies and globalization have put a premium on completing a college education in order to get and keep higher-paying jobs, Federal Reserve Chair Janet Yellen said on Monday. Apple appeals against EU tax ruling, Brussels says no cause for low tax bill BRUSSELS (Reuters) - Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies. Exclusive: Iran to get first Airbus jet within weeks under sanctions pact PARIS (Reuters) - Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade almost a year after sanctions were lifted. Related Video Platinum Partners charged with fraud A hitch for Hollywood in China's cinemas 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 2016 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