The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
* 5-Star supporters vote 79.3% in favor of new government
* 5-Star, PD draw up 26-point government program
* Parties promise to cut taxes, boost spending
* Markets rise on hopes coalition will take office
* Focus on who will get key post of economy minister (Adds quotes, possible ministers)
ROME, Sept 3 (Reuters) - Members of Italy's anti-establishment 5-Star Movement overwhelmingly backed a proposed coalition with the center-left Democratic Party (PD) on Tuesday, opening the way for a new government to take office in the coming days.
In an online ballot, 79.3% of 5-Star supporters voted in favor of joining forces with the PD, their long-time political adversaries, while 20.7% opposed the alliance, party leader Luigi Di Maio told reporters.
The vote means Prime Minister Giuseppe Conte can now complete work on the new administration and present President Sergio Mattarella with a list of suggested ministers. He is likely to go to the president's palace to update him on his progress on Wednesday, a political source said.
"I am very proud of today's vote and very proud of the government that is to come," Di Maio told reporters after the roughly 80,000 ballots were counted, easily beating 5-Star's previous record for its frequent online ballots.
"This government will be neither on the left or on the right," he added. "It will be a government that does the things that need doing."
The PD's decision to go into coalition with 5-Star did not require a vote by its rank and file.
Once Mattarella has agreed to Conte's cabinet, the prime minister will have to win confidence votes in both houses of parliament before the government can officially start work.
The key post of economy minister may go to Dario Scannapieco, a former Treasury official who is vice president of the European Investment Bank, or the PD's Roberto Gualtieri, now head of the European Parliament's economic affairs commission, 5-Star and PD sources said.
Another name being considered for the job is former Bank of Italy Deputy Governor Salvatore Rossi, the sources said.
Di Maio, who served as deputy prime minister, industry minister and labor minister in the previous administration of 5-Star and the hard-right League, may become foreign minister in the new government, the sources said.
As 5-Star's online ballot got under way early in the day, 5-Star and PD unveiled a shared, 26-point policy program for their mooted coalition, putting an expansionary 2020 budget at the top of their agenda.
5-Star, created a decade ago out of opposition to the PD, agreed to form a new administration with its former rival to head off a snap election after its coalition with the League collapsed last month.
Italian benchmark 10-year bond yields hit record lows on Tuesday in a sign that investors believed the new administration would take office, heading off the risk of an early election and prolonged political instability.
"The results (of the 5-Star ballot) are quite strong," said Chris Scicluna, head of economic research at Daiwa Capital Markets in London. "This is the kind of result that is going to give investors confidence in the new coalition, at least for the next few months, and in its ability to deliver a budget that is likely to be challenging."
The 5-Star and PD said they would use the coming budget to help the stalled economy grow, but also promised that they would not endanger public finances.
Italy has the second-largest debt burden in the European Union as a proportion of economic output, and the coalition pact called for greater flexibility from Brussels to overcome the "excessive rigidity" of existing budget rules.
Emphasizing social justice, the two parties pledged to introduce a minimum salary, avoid a VAT hike set for January and boost spending on education, research and welfare. The program also called for a web tax on multinationals and the creation of a public bank to help boost development in the poorer south.
5-Star and PD committed to rewriting Italy's conflict of interest laws, a move that former prime minister Silvio Berlusconi always sought to head off, fearing it could impact negatively on his Mediaset media empire.
The two parties also promised a "revision" of Italy's motorway concessions. The vague wording left open the hope for Italy's Atlantia that 5-Star would not press ahead with its demand that it lose its lucrative toll road concession in the wake of last year's deadly bridge collapse in Genoa. (Additional reporting by Angelo Amante, Giuseppe Fonte and Giselda Vagnoni in Rome and Dhara Ranasinghe in London Editing by Mark Heinrich)