Wall Street Ends Higher Despite Government Shutdown Threat
Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range.
Trump's Coal Job Push Stumbles in Most States - Data
President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. Trump made reviving the coal industry, and the declining communities that depend upon its jobs, a central tenet in his presidential campaign and has rolled back Obama-era environmental regulations to give the industry a boost.
FTC Makes Second Request on Broadcom's Bid for Qualcomm
The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's (AVGO.O) $103 billion hostile bid for Qualcomm Inc (QCOM.O), Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny. The FTC review is part of a process under the Hart-Scott-Rodino Act to scrutinize potentially anti-competitive mergers. The vast majority of deals reviewed by the FTC and the Department of Justice are allowed to proceed after the first preliminary review, according to the FTC's website.
Starbucks wins dismissal in U.S. of underfilled latte lawsuit
(Reuters) - Starbucks Corp has won the dismissal of a U.S. lawsuit
accusing the coffee chain of overcharging customers by underfilling
lattes and mochas to reduce milk costs.
China's FAW Car buys 10 percent stake in Mobike's new car-sharing unit
BEIJING (Reuters) - FAW Car Co Ltd (000800.SZ)
said on Sunday it was taking a 10 percent stake in Chinese
bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing
VW 2017 group sales rose to around 10.7 million cars, beating Toyota: Bild am Sonntag
BERLIN (Reuters) - Volkswagen (VOWG_p.DE) group sales probably rose to around 10.7 million cars last year and kept the German behemoth ahead of Toyota (7203.T) as the world’s largest automaker, Bild am Sonntag reported, citing in-house VW estimates.
Around 6,000 Swiss VW owners seek damages in emissions scandal
Swiss consumer protection organization SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen AG (VOWG_p.DE) and Swiss car dealer AMAG related to the "Dieselgate" emissions scandal.
Uniper CEO criticizes suitor Fortum for lack of clarity
The chief executive of German energy producer Uniper (UN01.DE) has criticized Finnish suitor Fortum (FORTUM.HE) for a lack of clarity about its intentions in a planned 8 billion euro ($9.6 billion) takeover of the company.
Wall Street eyes 2018 gains with a side of caution
U.S. stocks are expected to keep rising in 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits, but strategists say sizable gains could either be short-lived or elusive.
Wall Street Quiet on Last Trading Day of a Strong Year
There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session.