Citic-Carlyle near deal to buy McDonald’s China assets: source

Citic-Carlyle near deal to buy McDonald’s China assets: source

A consortium led by private-equity firm Carlyle Group (CG.O) and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's (MCD.N) stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. The deal is likely to be signed before Christmas, the source said. Reuters had reported in…

Putin curbs anti-Western rhetoric, says wants to get on with Trump

Putin curbs anti-Western rhetoric, says wants to get on with Trump

President Vladimir Putin struck an unusually conciliatory tone in his annual state of the nation address on Thursday, saying Moscow wanted to get on with the incoming U.S. administration and was looking to make friends not enemies. Putin has used previous set-piece speeches to lash out at the West and the United States in particular, but he reined in his…

Nokia brand-phones poised for comeback as HMD takes charge

Nokia brand-phones poised for comeback as HMD takes charge

Nokia-branded mobile phones are about to make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia executives who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. HMD Global, a new Finnish company set up to revive the Nokia phone brand, on Thursday took over the basic phone…

Zenefits hit with $7 million fine by California insurance regulator

Zenefits hit with $7 million fine by California insurance regulator

Software company Zenefits has been fined $7 million by California's insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. California Insurance Commissioner Dave Jones said in a statement posted on the state insurance department's website that Zenefits was charged with allowing unlicensed employees to sell insurance and circumventing education requirements…

Trump to pick Seema Verma for Centers for Medicare and Medicaid Services: transition official

Trump to pick Seema Verma for Centers for Medicare and Medicaid Services: transition official

U.S. President-elect Donald Trump is set to name Indiana health policy consultant Seema Verma as his pick for administrator of the Centers for Medicare and Medicaid Services, a transition official told Reuters on Monday. Trump is expected to officially announce his selection of Verma and Republican U.S. Representative Tom Price, an orthopedic surgeon who he will nominate to be secretary…

Plane carrying Brazil’s Chapecoense soccer team crashes in Colombia, 76 dead

Plane carrying Brazil’s Chapecoense soccer team crashes in Colombia, 76 dead

Brazilian soccer team Chapecoense, heading for the biggest game in their history, were on board a plane carrying 81 people that crashed in Colombia killing 76 people, police said on Tuesday. Chapecoense, from Brazil's top league, had been flying to face Atletico Nacional of Medellin in the first leg of Wednesday's Sudamericana final, South America’s equivalent of the Europa League.…

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