Month: May 2018

NEW YORK (Reuters) – U.S. stocks mostly eased on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and ordered a probe of auto imports, while gains in Netflix pushed its market value to a record.

…read more […]

SAN FRANCISCO (Reuters) – Netflix’s stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world’s most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.

…read more […]

(Reuters) – A California jury on Thursday ordered Johnson & Johnson to pay $4 million in punitive damages to a woman who said she developed cancer after being exposed to asbestos in the company’s baby powder, pushing the total damages award in the case to $25.7 million.

…read more […]

SAN FRANCISCO (Reuters) – Netflix’s stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world’s top entertainment company and underscoring a monumental shift by viewers away from cinemas and cable television.

…read more […]

LAS VEGAS (Reuters) – The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.

…read more […]

(Reuters) – U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports.

…read more […]

(Reuters) – A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned of a “staggering” blow to the industry and the prospect of a global trade war.

…read more […]

SAN FRANCISCO (Reuters) – Shares of Blue Apron climbed on Thursday after Kroger said it was buying Home Chef to broaden its menu in the home meal kit market while stock of Calavo Growers, whose unit partnered with Kroger on another meal kit service, slumped.

…read more […]

ST PETERSBURG, Russia/MOSCOW (Reuters) – Russian aluminium producer Rusal has asked the Russian government to purchase some of its output, a government source said on Thursday, in an effort to alleviate the pain inflicted by U.S. sanctions.

…read more […]