Reuters Business Today: January 10, 2017

Click to View in Browser Tuesday, January 10, 2017 S&P ends flat as healthcare advance offset by lower oil NEW YORK (Reuters) - The S&P 500 ended the day unchanged on Tuesday as lower oil prices hurt energy stocks, offsetting advances in healthcare and financial sectors, while the Nasdaq ended at another record high. Volkswagen confirms $4.3 billion U.S. settlement over diesel emissions DETROIT/BERLIN (Reuters) - Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. Xi to be first Chinese leader to attend Davos World Economic Forum BEIJING/GENEVA (Reuters) - President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump. Wal-Mart plans to cut hundreds of jobs this month: WSJ (Reuters) - Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. U.S. companies have new business risk - being labeled 'anti-American' by Trump NEW YORK/WASHINGTON (Reuters) - Some U.S. companies are reviewing potential mergers while others are rethinking job cuts or looking at their manufacturing operations in China for fear of being cast as "anti-American" by President-elect Donald Trump, according to Wall Street bankers, company executives and crisis management consultants. Automakers tout new diesels despite Volkswagen's troubles DETROIT (Reuters) - Automakers unveiled several new diesel models at the Detroit auto show this week, hoping to dispel the doubts created by Volkswagen's diesel emissions scandal and revive interest in a technology that offers benefits under fuel economy regulations. Ford affirms 2017 to be less profitable than 2016 DETROIT (Reuters) - Ford Motor Co on Tuesday confirmed that it would be less profitable in 2017 than last year, even as cross town rival General Motors Co on the same day gave a much more upbeat forecast that surpassed Wall Street expectations. Exclusive: Regulators criticize banks over Uber loan - sources (Reuters) - Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc [UBER.UL] this past summer, according to people with knowledge of the matter. EU privacy proposal could dent Facebook, Gmail ad revenue BRUSSELS (Reuters) - Online messaging services such as WhatsApp, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive on Tuesday which could hurt companies reliant on advertising. American Apparel's 'made in U.S.' heritage uncertain after deal MONTREAL/NEW YORK (Reuters) - American Apparel LLC's made-in-the U.S. heritage is uncertain, after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash. Related Video Gildan gets American Apparel UK banks look for Brexit clarity 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