Business News
Netflix’s next act: feeding the service with its own movies
LOS ANGELES (Reuters) – As Hollywood studios unleash their summer blockbusters into theaters, Netflix Inc is trying to give film buffs a reason to stay home.
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Business News
Italian stocks slide, dollar powers on to new 2018 high
LONDON (Reuters) – Italian stocks slid on Wednesday after reports that the two parties seeking to form Italy’s next government might seek debt forgiveness, while the dollar ignored a pull-back in U.S. bond yields and rallied to a new 2018 high.
Business News
Top Novartis lawyer exits over Trump attorney deal error
ZURICH (Reuters) – Novartis’ top lawyer Felix Ehrat is leaving the Swiss drugmaker, saying a $1.2 million contract he co-signed with U.S. President Donald Trump’s personal attorney was a mistake.
Business News
Deutsche Boerse CEO on the hunt for acquisitions
FRANKFURT (Reuters) – Deutsche Boerse’s chief executive is on the lookout for acquisitions as one of the pillars of the German stock exchange operator’s growth strategy.
Business News
Italian stocks slide, dollar’s rally pauses
LONDON (Reuters) – Italian stocks fell on Wednesday after reports that two parties seeking to form Italy’s next government could seek debt forgiveness, although broader markets were unfazed and focused instead on a pause in surging U.S. bond yields.
Business News
Deutsche Boerse CEO is on the lookout for acquisitions
FRANKFURT (Reuters) – The new chief executive officer of Deutsche Boerse is on the lookout for acquisitions as one of the pillars of the German stock exchange operator’s growth strategy.
Business News
Russian watchdog says around 7,600 Lexus, Toyota cars recalled
MOSCOW (Reuters) – Russia’s standards agency said on Wednesday it had been informed about the voluntary recall of 7,638 Lexus and Toyota cars sold from June 2015 to September 2016.
Trading Ideas
Sony will stop making physical PS Vita games in 2019
The PS Vita might still attract new fans thanks to indie releases and JRPGs …read more […]
Business News
Novartis top lawyer exits in wake of Trump attorney deal
ZURICH (Reuters) – Novartis General Counsel Felix Ehrat will leave the Swiss drugmaker over his role in a $1.2 million contract it struck with the personal lawyer for U.S. President Donald Trump, saying on Wednesday the pact was legal but an error.
Business News
Australia’s trade minister says China ties a priority after recent ‘differences’
SYDNEY (Reuters) – Australia’s trade minister will use a visit to China this week to reinforce ties with his country’s largest trading partner, he said on Wednesday, following a recent souring in relations.
Business News
Asian shares edge down as U.S. yields climb, North Korea suspends talks
SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes that could curb global demand.
Business News
Novartis ditches lawyer as head rolls over Trump lawyer deal
ZURICH (Reuters) – Novartis General Counsel Felix Ehrat will leave the Swiss drugmaker over his role in a $1.2 million contract it struck with the lawyer for U.S. President Donald Trump, saying on Wednesday the pact was legal but an error.
Business News
Novartis top lawyer exits over payment to Trump lawyer
ZURICH (Reuters) – Novartis General Counsel Felix Ehrat will leave the company over his role in a $1.2 million contract the Swiss drugmaker struck with the lawyer for U.S. President Donald Trump, saying on Wednesday that it was legal but still an error.
Trading Ideas
It’s Time to Take a Calculated Risk on General Electric Stock
Some of the calls were early, while the more recent table-pounding in favor of GE stock was ideally timed. As I said from the beginning, though the stage was set, General Electric stock was going to be a volatile mess for the foreseeable future. The pros are all — more or less — starting to agree things really can’t get much worse for GE stock, and may well improve from here. …read more […]
Business News
Amazon cuts Whole Foods prices for Prime members in new grocery showdown
(Reuters) – Amazon.com Inc and Whole Foods Market are making a surgical strike in the already brutal grocery price war.