LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin City” celebrations and more on the grind of vetting fund managers.
NEW YORK (Reuters) – The S&P 500 inched higher on Friday, helped along by healthcare stocks after U.S. President Donald Trump gave a speech blasting high drug prices but avoided taking aggressive measures to cut them.
WASHINGTON (Reuters) – Senior American, Canadian and Mexican officials on Friday ended a week of talks without a deal to modernize NAFTA, agreeing instead to resume negotiations soon, ahead of a deadline next week issued by a key U.S. congressional leader.
WASHINGTON (Reuters) – The United States and United Arab Emirates signed a deal on Friday to resolve U.S. claims that Gulf carriers have received unfair government subsidies, sources briefed on the matter said.
Don’t pour one out for Brooklyn Nine-Nine just yet. The canceled sitcom might …read more […]
(Reuters) – Wall Street moved sideways on Friday as technology stocks dipped after a six-day rally and healthcare shares rose on expectations that U.S. President Donald Trump’s speech on drug prices would largely spare the industry.
LISBON (Reuters) – Trading in the shares of utility company EDP-Energias de Portugal was suspended on Friday, as media reported that a Chinese group was set to make a takeover bid for the firm.
WASHINGTON (Reuters) – The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday.
WASHINGTON (Reuters) – Mexico will not be rushed into revamping the North American Free Trade Agreement (NAFTA) to get a deal, Economy Minister Ildefonso Guajardo said on Friday, while his Canadian counterpart spoke of a long “to-do list” in the negotiations.
WASHINGTON (Reuters) – Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies.
(Reuters) – The S&P 500 was flat on Friday as technology stocks fell after a six-day rally, while healthcare shares rose on expectations that President Donald Trump’s speech on drug prices will largely spare the industry.
(Reuters) – Symantec Corp shares lost a third of their value on Friday after the cyber-security firm disclosed its board’s audit committee was investigating “concerns” raised by a former employee and that it might have to restate results.
At least nine analysts downgraded the stock. Symantec disclosed the whistleblower probe late on Thursday, saying it might miss a deadline for filing its annual 10-K report, may need to restate some financial results and might revise guidance. Symantec Vice President Cynthia Hiponia told analysts on a call on Thursday that the probe began “in connection with concerns raised by a former employee.” She did not say whether that person had approached Symantec or raised the issue with securities regulators. …read more […]
SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.
(Reuters) – Thomson Reuters Corp forecast its costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down 5 percent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit.
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