Reuters Business Today: December 6, 2016

Click to View in Browser Tuesday, December 6, 2016 U.S. productivity in third quarter fastest in two years WASHINGTON, (Reuters) - U.S. worker productivity rebounded sharply in the third quarter as initially estimated, marking its quickest rate of growth in two years, but the trend remained weak. Oil dips as OPEC, Russian output rises ahead of production cut LONDON (Reuters) - Global oil prices slipped on Tuesday as data showed crude output rose in most major export regions despite plans by OPEC and Russia to cut production, triggering fears the fuel glut that has dogged markets for over two years might last well into 2017. Euro and global stocks hold Italy-related gains ahead of ECB LONDON (Reuters) - Wall Street's record run looked set for a pause on Tuesday as oil saw its first fall in five days and the euro held most of the wild three-cent gains it had seen in the wake of Italy's referendum. Exclusive: McDonald's to keep up to 25 percent stake in China, HK stores - source HONG KONG (Reuters) - McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. Chipotle to make announcement about board changes 'shortly' LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc expects to make an announcement shortly about a new slate of board members, Steve Ells, the burrito chain's co-chief executive, said at an investor conference on Tuesday. Oil firms and carmakers diverge in costly debate LONDON (Reuters) - Many carmakers are predicting a significant shift to electric vehicles in the next decade. Advances in battery technology and the growth of autonomous driving and ride sharing - suited to electric vehicles - will power this expansion, they reason. Top Actelion shareholder says backs J&J deal above 246 Sfr/share LONDON (Reuters) - A top-30 investor in Swiss pharmaceutical company Actelion said he would back a takeover approach for the whole company from U.S. rival Johnson & Johnson above 246 Swiss francs. Janus' Gross sees Trump trade view hurting long-term stock prices NEW YORK (Reuters) - One of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalization policies would restrict trade and reduce corporate profits over the long term. Verizon to sell data centers to Equinix for $3.6 billion (Reuters) - Verizon Communications Inc , the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. Exclusive: Novartis in talks to sell some central nervous system drugs - sources ZURICH (Reuters) - Novartis is in talks about the sale of some older neuroscience drugs, people close to the matter said, as the Swiss drugmaker clears the decks to concentrate on promising new medicines it hopes will help to restore sales growth. Related Video Renzi delays resignation Dow hits new record high 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