Reuters Business Today: January 9, 2017

Click to View in Browser Monday, January 9, 2017 Oil drop stymies Dow's march to 20,000; health stocks boost Nasdaq (Reuters) - Declines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow's pursuit of the 20,000 milestone ahead of earnings season and expected U.S. policy changes under the Donald Trump presidency. Alibaba tells Trump about U.S. store plan for China e-shoppers NEW YORK (Reuters) - Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said. Auto executives, with eye on Trump, highlight U.S. investments DETROIT (Reuters) - Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico. Mars to buy pet healthcare provider VCA for $7.7 billion (Reuters) - Candy and pet food conglomerate Mars Inc is buying veterinary hospital operator VCA Inc for $7.7 billion in a deal that will give the maker of Pedigree pet food an even bigger share of the $4 billion global pet healthcare market. Exclusive: Next Level Apparel challenges Gildan with bid for bankrupt American Apparel - source NEW YORK (Reuters) - California-based apparel maker Next Level Apparel has submitted an offer to challenge a $66 million bid from Canadian apparel manufacturer Gildan Activewear Inc for bankrupt American Apparel LLC, a person familiar with the matter said Monday. U.S. charges Volkswagen executive with fraud over emissions scandal MIAMI/DETROIT (Reuters) - Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Two faces of GM: Electric for the city, trucks for the heartland DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it has in the past half-century, as she highlights how GM will keep up. Supreme Court rejects Dow over $1 billion tax deduction claim WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose. St. Jude releases cyber updates for heart devices after U.S. probe (Reuters) - Abbott Laboratories moved to protect patients with its St. Jude heart implants against possible cyber attacks, releasing a software patch on Monday that the firm said will reduce the "extremely low" chance of them being hacked. Mercedes-Benz overtakes BMW to become largest premium carmaker STUTTGART, Germany (Reuters) - Mercedes-Benz sales overtook BMW last year for the first time in more than a decade, a feat achieved, ironically, only after parent company Daimler stopped chasing market share and focused on making stylish high-tech cars. Related Video Stephen Wood on where the best stock values are in 2017 Automakers reveal new models 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