Reuters Business Today: December 21, 2016

Click to View in Browser Wednesday, December 21, 2016 Wall Street loses ground after Trump rally (Reuters) - U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. U.S. existing home sales rise to near 10-year high WASHINGTON (Reuters) - U.S. home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in mortgage rates in anticipation of further increases in borrowing costs. Viacom unit head overseeing MTV, Comedy Central to leave SAN FRANCISCO/NEW YORK (Reuters) - Longtime Viacom Inc executive Doug Herzog, who oversees the networks Comedy Central and MTV, is leaving the company next month, according to a memo to employees sent Wednesday from chief executive Bob Bakish. Nokia sues Apple for infringing patents, industry back on war footing BELGRADE/HELSINKI (Reuters) - Nokia Corp said on Wednesday it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker's legal action targeting the one-time cellphone industry leader a day earlier. Trump weighs 'half-blind' trust option for businesses: Politico WASHINGTON (Reuters) - U.S. President-elect Donald Trump's transition team is considering the use of discretionary trusts to avoid conflicts of interest for Trump family members or administration officials, Politico reported on Wednesday. Actelion re-enters talks with J&J, sidelining Sanofi ZURICH/FRANKFURT (Reuters) - Swiss biotech company Actelion has turned back to prospective bidder Johnson & Johnson for exclusive talks about a "strategic transaction", in an about-turn that appears to sideline rival suitor Sanofi . Hershey names Michele Buck as new CEO (Reuters) - Hershey Company , the maker of Hershey's Kisses and Reese's Peanut Butter Cups, named Chief Operating Officer Michele Buck as its new president and chief executive effective March 1. DuPont hit with $2 million verdict over Teflon-making chemical (Reuters) - A U.S. jury in Ohio on Wednesday ordered DuPont to pay $2 million to a man who said he developed testicular cancer from exposure to a toxic chemical leaked from one of the company's plants, according to the plaintiff's lawyer Robert Bilott. Hyundai's top U.S. executive resigns WASHINGTON (Reuters) - Hyundai Motor Co's top U.S. executive Dave Zuchowski has resigned effective immediately and has been replaced on an interim basis by the company's general counsel, a company spokesman said Wednesday. FINRA fines Wells Fargo, others $14 million for records' changeable format NEW YORK (Reuters) - The Financial Industry Regulatory Authority said it fined several Wells Fargo & Co businesses, RBC Capital Markets, LPL Financial and others a combined $14.4 million on Wednesday for record-keeping problems that may have allowed company and customer documents to be altered. Related Video U.S. existing home sales rise to near 10-year high PwC's Mitch Roschelle: Affordability the biggest headwind to the housing market 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