Reuters Business Today: January 10, 2017

Click to View in Browser Tuesday, January 10, 2017 Wall St. set for quiet open as investors await earnings (Reuters) - U.S. stocks were set for a muted open on Tuesday as investors await the earnings season to test if Wall Street's record levels are justified by corporates' performance in the fourth quarter. Yahoo to be named Altaba, Mayer to leave board after Verizon deal (Reuters) - Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. WhatsApp, Gmail roped into tougher EU privacy proposal BRUSSELS (Reuters) - Online messaging and email services such as WhatsApp , iMessage and Gmail will face tough new rules on how they can track users under a proposal presented by the European Union executive on Tuesday. Canadian apparel maker Gildan wins auction to buy American Apparel (Reuters) - Canadian apparel maker Gildan Activewear Inc said it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel for about $88 million in cash. Valeant to sell assets for $2.12 billion to ease debt load (Reuters) - Valeant Pharmaceuticals International is selling its Dendreon cancer business and three skincare brands for about $2.12 billion as the troubled Canadian drugmaker looks to pay down its more than $30 billion debt. Deutsche Bank's top economist favors Trump over status quo FRANKFURT (Reuters) - Deutsche Bank's top economist said U.S. President-elect Donald Trump will be an improvement on "a mediocre status quo" and drive economic growth in the country higher. China vows to contain corporate debt levels as inflation heats up BEIJING (Reuters) - China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity, as Beijing attempts to maintain solid and more balanced economic growth while avoiding destabilizing asset bubbles. Citigroup may benefit less from tax cuts than other U.S. banks NEW YORK (Reuters) - Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. VW manages record 2016 sales despite Dieselgate crisis BERLIN (Reuters) - Despite the Dieselgate emissions scandal which has rocked Volkswagen , the German carmaker achieved record group sales in 2016 of 10.3 million vehicles, including a 12 percent jump in December. Chipotle Mexican estimates 4.8 percent drop in fourth-quarter comparable sales (Reuters) - Chipotle Mexican Grill Inc said sales at established restaurants likely fell 4.8 percent in the fourth quarter and that costs came in higher than it had previously anticipated. Related Video Oil drop stymies Dow's march to 20,000 Stephen Wood on where the best stock values are in 2017 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 2017 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