Business

J&J takes $13.6 billion charge related to new U.S. tax law

(Reuters) - Johnson & Johnson, one of the world's largest drugmakers, on Tuesday said that it would take a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately.

Business

Wal-Mart may have to unload stake in Brazilian unit at discount

SAO PAULO/NEW YORK (Reuters) - Wal-Mart Stores Inc is looking to sell part of its operations in Brazil, where it has struggled for a decade, yet missteps by the U.S. retail giant have narrowed the field of potential buyers and could lower the value of an

Science

Swedish regulators disagree on safety of nuclear waste plan

OSLO (Reuters) - Sweden's radiation safety authority (SSM) and an environmental court issued diverging recommendations to the government on Tuesday on whether to allow the construction of a nuclear waste repository.

Business

Wall Street edges higher on strong earnings

(Reuters) - Wall Street's main indexes were higher in morning trading on Tuesday as upbeat results from Netflix, Travelers outweighed concerns of the potential impact of President Donald Trump's decision to impose steep import tariffs.

Business

Kimberly-Clark to cut workforce by 12-13 percent, shut facilities

(Reuters) - Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program.

Sport

We are the champions: basketball film wows Russians before election

MOSCOW (Reuters) - A Russian film about a Soviet Cold War sports victory over the United States has broken box office records months before a presidential election by borrowing a page from Vladimir Putin's play book: appealing to Russian patriotism.

Business

P&G profit falls on beauty brands sale, tax charge

(Reuters) - Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last fiscal year and a charge related to the recent U.S. tax overhaul.

Sport

Bobsleigh: British women's pair selected after crowd-funding

LONDON (Reuters) - Two British women bobsledders who resorted to crowd-funding to keep alive their hopes of competing at the Pyeongchang Olympics were named on Tuesday in a 10-strong team for the Games in South Korea.

Sport

Alpine skiing: Shiffrin skids out in Kronplatz after rare slip

KRONPLATZ, Italy (Reuters) - Runaway World Cup leader Mikaela Shiffrin made a rare slip on Tuesday when she skidded off the course and failed to complete the first leg of the giant slalom at Kronplatz in Italy.

United States

Earthquake in Gulf of Alaska sparks brief California tsunami fears

ANCHORAGE (Reuters) - Alaska and parts of western Canada braced for a possible tsunami on Tuesday after a magnitude-7.9 earthquake struck the Gulf of Alaska, sparking evacuations in coastal Alaska and a tsunami warning for California that was later lifted

World

North Korea and U.S. clash at disarmament forum on nuke issues

GENEVA (Reuters) - North Korea said on Tuesday it had a "powerful and reliable" nuclear deterrent to thwart any attack and accused the United States of deploying military assets nearby under the pretext of ensuring the security of the Winter Olympics.

World

Timing of Trump peace plan depends on Palestinians: Pence

JERUSALEM (Reuters) - U.S. Vice President Mike Pence said on Tuesday the timing of a long-awaited U.S. Middle East peace initiative depends on the return of Palestinians to negotiations.

Entertainment

Chanel brings springtime to Paris with extravagant rose garden

PARIS (Reuters) - Chanel brought a touch of early spring to Haute Couture week in Paris on Tuesday as models decked out in delicate, flower-strewn gowns paraded through rose-covered archways and around a fountain in a specially-built garden.

Entertainment

Cranberries singer Dolores O'Riordan laid to rest in home town

BALLYBRICKEN, Ireland (Reuters) - Cranberries lead singer Dolores O'Riordan was laid to rest at a private funeral in her home town on Tuesday, remembered as someone who rescued people from "the darkness of depression".

Technology

Uber CEO says relationship with ex-chief Kalanick 'fine but strained'

(Reuters) - Uber [UBER.UL] Chief Executive Dara Khosrowshahi said the ride-hailing company's relationship with former chief Travis Kalanick was "fine but strained".

World

Catalan separatist leader stays vague on possible return, Spain on alert

MADRID/COPENHAGEN (Reuters) - Spanish authorities are monitoring borders to make sure that fugitive Catalan separatist leader Carles Puigdemont does not sneak back into Spain to take up the presidency of the regional parliament again, a senior minister s

Technology

Microsoft could lose out if it curbs sales in Russia: minister

MOSCOW (Reuters) - Microsoft could lose billions of dollars if it chooses to curb its sales in Russia due to U.S. sanctions, communications minister Nikolai Nikoforov was quoted by Russian news agencies as saying on Tuesday.

Technology

Russian tech investors set up shop in Silicon Valley

SAN FRANCISCO (Reuters) - Masha Drokova, a 28-year-old Russian political activist turned venture capitalist, on Tuesday joined a small family of Russian nationals who have set up shop as Silicon Valley venture investors.

Sport

Figure skating: Two Russians barred from Olympics

MOSCOW (Reuters) - Russian figure skater Ksenia Stolbova and ice dancer Ivan Bukin will not be allowed to take part in next month's Olympic Games, the Russian Figure Skating Federation said on Tuesday, citing a directive from the International Olympic Com

Sport

The next Djokovic? Chung serves notice in South Korea

MELBOURNE (Reuters) - It was only last weekend that Chung Hyeon admitted he goes largely unrecognized on the streets of Seoul because tennis is not a high-profile sport in South Korea.

Business

SocGen CEO Oudea expects better market conditions in 2018 and beyond

DAVOS (Reuters) - Societe Generale chief executive Frederic Oudea told Reuters on Tuesday that he was "very positive" about its set-up in capital markets, and he expected to see better market conditions in 2018 and beyond.

Science

Outlook for China solar industry darkens after U.S. tariff decision: govt

BEIJING (Reuters) - The outlook for overseas expansion by Chinese solar companies is not optimistic due to frequent trade disputes, the country's Ministry of Industry and Information Technology (MIIT) warned in a statement on Tuesday.

World

UAE military ordered not to escalate Qatar crisis: official

ABU DHABI (Reuters) - A military official in the United Arab Emirates said on Tuesday its forces had instructions not to escalate an ongoing diplomatic crisis with Qatar.

World

Turkey seeks no clash with Russia, Syria, U.S., but will pursue Syria goals: minister

ANKARA (Reuters) - Turkey seeks to avoid any clash with Syrian, Russian or U.S. forces during its operation in northern Syria but will take whatever steps it needs for its security, Turkey's foreign minister was quoted as saying on Tuesday.

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