- As Yellen Hands Off at the Fed, Whither Her Go-Slow Approach? (WSJ)
- ‘This is our American moment,’ Trump urges cooperation (Reuters)
- President Tries Taking On a New Role: Optimist (WSJ)
- Trump’s Olive Branch to Democrats Cut Short by Divisive Tone of Speech (BBG)
- Signs of Old Age Abound in a Bull Market Closing In on History (BBG)
- Japan’s Fujifilm to take over Xerox in $6.1 billion deal, create joint venture (Reuters)
- Bitcoin Is Having Its Worst Month in Three Years (WSJ)
- For Bezos, Buffett and Dimon, a Health Push Years in the Making (BBG)
- Rival Employers Dread Possible Arrival of Amazon HQ2 in Their Town (WSJ
- For Bezos, Buffett and Dimon, a Health Push Years in the Making (BBG)
- One Indicator Says Bond Rout Going Too Fast for Stocks to Escape (BBG)
- Skywatchers in western North America will see moon turn red in rare eclipse (Reuters)
- Immigration Fight Shifts From Trump’s Wall to Family Green Cards (BBG)
- Bond Selloff Sends Ripples Through Corporate Debt Market (WSJ)
- Facebook Really Wants You to Come Back (BBG)
- Boeing says to deliver more planes in 2018 (Reuters)
- Judge Dan Polster Is Singlehandedly Trying to Solve the Opioid Crisis (BBG)
Overnight Media Digest
WSJ
– U.S. President Donald Trump, in his first State of the Union address, called for major, bipartisan deals on infrastructure and immigration, while reversing his predecessor’s vow to close the Guantanamo Bay prison facility for suspected terrorists. on.wsj.com/2BFNCMr
– Xerox Corp is nearing a deal with Japan’s Fujifilm Holdings Corp that would mark the end of the independence of the stalwart of 20th-century American industry. on.wsj.com/2BFgTXC
– Special counsel Robert Mueller is seeking an interview with Mark Corallo, the former spokesman for President Donald Trump’s legal team, according to a person with knowledge of the matter, in what would be the first contact between the special counsel and a onetime member of the president’s personal legal team. on.wsj.com/2BFbeAV
– Thomson Reuters Corp struck a deal to sell a majority stake in its financial-information and terminal business for $17 billion to a group led by Blackstone Group LP , a significant bet by the private-equity giant on financial data. on.wsj.com/2BF5ZkM
– Apple Inc is being investigated by the U.S. Justice Department and the Securities and Exchange Commission over potential securities violations related to the company’s disclosure of a software update that slowed older iPhones, people familiar with the matter said. on.wsj.com/2BEtE4S
– French authorities have deployed boats and helicopters off the coast of southwest France to search for the boss of sportswear maker Quiksilver after his empty boat was found washed ashore Tuesday. on.wsj.com/2BFzfI1
FT
– British Prime Minister Theresa May was starting a crucial trade visit to China on Wednesday as she admitted the two countries will not always see eye-to-eye in sensitive areas like steel over-capacity and intellectual property rights.
– Victor Cha, a former White House official who had been the Trump’s administration’s choice to be the next U.S. ambassador to South Korea, is no longer being considered for the post, two U.S. officials said on Tuesday.
– Indian ride-hailing company Ola announced plans on Tuesday to enter Australia, marking its first foray outside its home market and intensifying its tussle with U.S. rival Uber Technologies Inc.
NYT
– Facebook Inc on Tuesday said that it would ban all ads for Bitcoin and other cryptocurrencies, in order to stop promotions that it sees as “frequently associated with misleading or deceptive promotional practices.” (nyti.ms/2ntfYV2)
– Exxon Mobil Corp on Tuesday said that it would triple its oil and gas production in the Permian Basin by 2025, the latest sign that the boom in national crude production is gaining momentum. (nyti.ms/2EoA8rk)
– A consortium led by Blackstone Group LP on Tuesday said that it had taken a 55 percent stake in Thomson Reuters Corp’s Financial and Risk division in a deal that values the division at $20 billion, including debt. (nyti.ms/2npKwI0)
– Volkswagen AG on Tuesday suspended its chief lobbyist Thomas Steg amid a growing furor over experiments on monkeys that were meant to promote the virtues of diesel-powered vehicles. (nyti.ms/2E26H0o)
Canada
THE GLOBE AND MAIL
** Ahead of the Canadian government’s July 1 date for federal legalization of recreational marijuana, two marijuana producers the Green Organic Dutchman Holdings Ltd and Tilray are planning to go public in coming weeks. tgam.ca/2BFDMu0
** Calgary-based Shaw Communications Inc confirmed on Tuesday that it has offered voluntary severance packages to 6,500 non-unionized employees of both Shaw and Freedom Mobile and expects about 10 percent of those workers to accept the offer. tgam.ca/2BFTWDB
NATIONAL POST
** British Columbia’s government wants to restrict shipments of oilsands crude in pipelines and on railways cars in the province through a series of proposed new rules that is set to create additional uncertainty for Kinder Morgan Canada Ltd’s C$7.4 billion ($6 billion) Trans Mountain pipeline expansion. bit.ly/2BHEK9c
** Next week, the Ontario government will receive C$1 billion, the gross proceeds from its latest green bond offering. It’s the fourth offering it will have completed over the past three years, the largest it has brought to the market and the biggest by any Canadian issuer. bit.ly/2BGfDn9
Britain
– Informa Plc, the British events organiser behind the Monaco Yacht Show, has agreed to the terms of a 3.9 billion pounds ($5.52 billion) deal for its rival UBM Plc as it strives to keep pace with Relx, the world leader in the sector. bit.ly/2Fv47gR
– The investigation into potential misconduct in the running of Carillion Plc will be expanded to look at up to 169 directors across the failed construction company, MPs have been told. bit.ly/2BFnql5
The Guardian
– The Financial Conduct Authority has agreed to publish the full confidential report into the mistreatment of small businesses by the Royal Bank of Scotland Group Plc, in a significant U-turn by the City watchdog. bit.ly/2EoAIp2
– BP Plc will add rapid charging points for electric cars at its UK petrol stations within the next two months, in the latest sign of an oil giant adapting to the dramatic growth of battery-powered cars. bit.ly/2Enqu8v
The Telegraph
– The Governor of the Bank of England has urged the government to abandon the use of the retail prices index as a measure of inflation, especially in the issuance of government bonds. bit.ly/2BG2fzc
– Stephen Haddrill, the head of the Financial Reporting Council has called for an investigation into whether the Big Four accounting firms should be broken up in the wake of Carillion Plc’s collapse, amid concerns that auditors failed to spot major financial malpractice at the contractor. bit.ly/2GvKxCn
Sky News
– The British arm of TGI Fridays is being put on the menu of prospective buyers amid a steep downturn which has hit much of the casual dining sector. bit.ly/2rPfLkB
– An assessment of the likely impact of various Brexit scenarios was leaked to undermine the exit talks, a government minister has claimed. bit.ly/2DS24ac
The Independent
– Ryanair Holdings Plc has agreed to recognise the British Airline Pilots’ Association to represent all of the airline’s 600 employed pilots based in the UK. ind.pn/2DNMIn2
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