Business & Finance News
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.
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.
WASHINGTON (Reuters) – U.S. import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately.
(Reuters) – AT&T Inc on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive officer said in a memo it was “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration.
(Reuters) – General Motors Co’s South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover vehicle for the local market and for export.
WASHINGTON (Reuters) – Mexico will not be rushed into revamping the North American Free Trade Agreement (NAFTA) just to get a deal, Economy Minister Ildefonso Guajardo said on Friday ahead of trilateral talks with his U.S. and Canadian counterparts.
(Reuters) – Symantec Corp’s shares sank by more than a third on Friday after the cyber-security firm said it was investigating concerns raised by a former employee but gave little other detail, spooking investors and Wall Street analysts.
(Reuters) – U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia.
WASHINGTON (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Friday that there will be a trilateral NAFTA meeting at 1 p.m. Eastern Time with his U.S. and Canadian counterparts, even as he warned against rushing a new deal.
(Reuters) – Wall Street indexes opened little changed on Friday as losses in Symantec and Nvidia offset gains in healthcare and telecom sectors.
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
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