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U.S. tax cut outlook drives stocks but dents dollar

LONDON Global stock markets hit record highs on Monday on expectations that a U.S. tax bill could soon pass, though a more cautious reading of the draft law's prospects among currency traders put the dollar under pressure.

Recent Business News

Thales' 4.8 billion-euro bid for Gemalto gets thumbs up from investors

PARIS Shares in defense group Thales rose on Monday after chipmaker Gemalto accepted the French company's 4.8 billion euro ($5.66 billion) takeover bid to create a leader in digital security.

6:52am EST

Workers at Israel's Teva Pharm block roads, continue protest over job cuts

JERUSALEM Workers at Israel's Teva Pharmaceutical Industries protested pending job cuts for a second straight day on Monday, blocking roads and shutting down a number of the drugmaker's plants nationwide.

6:13am EST

Hershey nears $1.6 billion deal to buy Amplify Snacks: CNBC

Hershey Co , the maker of Reese's Peanut Butter Cups and Hershey's Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands for $1.6 billion, CNBC reported on Monday.

1:52am EST

CSX falls on CEO death; investors seek turnaround clarity

CSX Corp's shares slipped more than 5 percent on Monday on news of Chief Executive Hunter Harrison's death, leaving investors worried about the No.3 U.S. railroad's turnaround plan under acting CEO Jim Foote.

7:32am EST

EU regulators to investigate Ikea's Dutch tax deals

BRUSSELS EU state aid regulators will investigate whether Swedish furniture retailer Ikea's [IKEA.UL] tax arrangement with the Netherlands helped cut its tax bill - the latest crackdown on unfair tax deals between multinationals and EU countries.

7:25am EST

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