Reuters Business Today: December 30, 2016

Click to View in Browser Friday, December 30, 2016 Wall St. ends solid 2016 on dour note NEW YORK (Reuters) - U.S. stocks slumped on the last trading day of the year on Friday, led down by Apple and other big tech stocks, but major indexes still posted solid gains in 2016. Apple to cut iPhone production in first quarter of 2017: report (Reuters) - Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers. Silicon Valley's obscure unicorns could boost 2017 IPO market (Reuters) - Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. Oil down, but ends year with biggest gain since 2009 (Reuters) - Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. FTC seeks more info on Bass Pro-Cabela's deal (Reuters) - U.S. fishing and hunting equipment retailer Cabela's Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Foxconn joint venture to build $8.8 billion LCD plant in China BEIJING (Reuters) - A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). China's Midea receives U.S. green light for Kuka takeover FRANKFURT (Reuters) - China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. U.S. dollar posts 2016 gain on Trump victory, Fed forecasts NEW YORK (Reuters) - The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. Oil, metals post stellar 2016 gains on output cuts, demand hopes SINGAPORE (Reuters) - Crude oil, rubber and metals are set to end 2016 with strong gains, bouncing back from several years of losses on output cuts and expectations of firmer demand. Continental CEO says jobs will be lost in shift to electric cars FRANKFURT (Reuters) - The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility. Related Video Tech to boost 2017 IPO market Markets fare well despite a year of shock 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