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Deutsche Bank to shift NY headquarters from Wall Street
(Reuters) – Deutsche Bank AG said on Friday it will move its New York headquarters from Wall Street to a location midtown.
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Qualcomm to depose Apple services chief Eddy Cue
(Reuters) – Qualcomm Inc can depose Apple Inc’s services chief Eddy Cue in addition to Chief Executive Tim Cook, a magistrate judge in the U.S. District Court for the Southern District of California ruled on Friday, part of the chipmaker’s effort to determine whether Apple worked with Samsung to focus regulatory scrutiny on Qualcomm.
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Qualcomm to depose Apple services chief Eddy Cue
The access to Cue is important because Qualcomm alleges talks between executives at Apple and its rival Samsung Electronics Co Ltd were central to its decision to cut off Apple from a stream of nearly $1 billion in licensing rebate payments. …read more […]
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Wall St. rallies as inflation fears ebb; Apple hits record high
NEW YORK (Reuters) – The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week.
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Colgate names company veteran as chief financial officer
(Reuters) – Colgate-Palmolive Co said on Friday company veteran Dennis Hickey will step down as chief financial officer and would be succeeded by corporate controller Henning Jakobsen.
Business News
Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal – sources
(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc , has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the matter said on Friday.
Business News
Wall Street closes higher as data eases inflation fears
NEW YORK (Reuters) – The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week.
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Apple will fix bug affecting iPhone 7 and 7 Plus microphones
Some iPhone 7 and 7 Plus models running iOS 11.3 or later are experiencing an …read more […]
Business News
Apple leads Wall Street rally as inflation fears ease
NEW YORK (Reuters) – Apple and other technology stocks led a rally on Wall Street on Friday after weaker-than-expected U.S. wage growth data eased concerns about faster interest-rate hikes.
Business News
Exclusive: Redstone makes concessions on Viacom CEO to clinch CBS merger – sources
(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc , has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the matter told Reuters on Friday.
Business News
Air France-KLM CEO to quit after staff reject pay deal
PARIS (Reuters) – Air France-KLM CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay deal, plunging the airline into turmoil amid a wave of strikes at its French brand that has cost the company 300 million euros ($359 million).
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U.S. job growth picks up, unemployment rate falls to 3.9 percent
WASHINGTON (Reuters) – U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
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Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets.
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More arrests expected in case against ‘Smallville’ actress
Authorities expect to make more arrests in the sex-trafficking investigation of a self-help group that’s already resulted in charges against former “Smallville” actress Allison Mack and the group’s leader, a prosecutor said Friday. Assistant U.S. Attorney Moira Penza told a judge at a pretrial hearing in federal court in Brooklyn that the government plans to file a revised indictment naming more defendants in the coming weeks. Prominent backers of upstate New York-based group NXIVM (pronounced NEX’-ee-um) have said they were in the dark about allegations that women were forced to have sex with leader Keith Raniere. …read more […]
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Watch lava spew from road as volcano erupts in Hawaii
Hundreds of people on Hawaii’s Big Island were ordered to evacuate their homes after the Kilauea Volcano erupted, belching ash into the sky and spewing fountains of lava in a residential area, officials said on Friday. …read more […]