Business & Finance News
NEW YORK (Reuters) – Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon.
NEW YORK (Reuters) – Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each other.
TORONTO (Reuters) – Canada’s stock market, the world’s sixth largest, abruptly shut down on Friday after an outage but will resume trading Monday after “internal technical issues”, the exchange operator said.
NEW YORK (Reuters) – A lawsuit against Southwest Airlines Co has been filed by a passenger who was flying on last week’s flight 1380, in which an engine exploded and one person was killed.
TORONTO (Reuters) – Canada’s stock market, the world’s sixth largest, abruptly shut down Friday after an unidentified outage cut market participants off from the country’s main exchanges.
NEW YORK (Reuters) – The S&P 500 and Nasdaq closed slightly higher on Friday as inflation worries and some struggling technology and energy stocks were offset by an advance in the consumer discretionary sector, led by Amazon.
(Reuters) – Wall Street struggled for direction on Friday as inflation jitters and sagging technology and energy stocks offset an advance in the consumer discretionary sector led by Amazon.
MONTREAL/SINGAPORE (Reuters) – New global packaging standards expected in late 2018 will allow lithium-ion batteries back into passenger plane cargo holds, pending design and regulatory approval, but some airlines say the new rule overlooks other safety concerns.
HOUSTON (Reuters) – Weak refining margins hurt Exxon Mobil Corp and Chevron Corp’s first-quarter profit, cutting into overall gains from rising oil prices.
(Reuters) – Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.
FRANKFURT (Reuters) – Deutsche Bank is expected to cut around 1,000 jobs or 10 percent of its workforce in the United States, a person familiar with the matter said on Friday, as the German lender scales back its global investment banking ambitions.
WASHINGTON (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely temporary.
LONDON (Reuters) – WPP’s digital boss Mark Read will get the chance to stake his claim to the top job at the world’s biggest advertising company when he helps to present its first set of results without founder Martin Sorrell on Monday.
WASHINGTON (Reuters) – The Trump administration on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices.
(Reuters) – Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.
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