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Wall St. trims gains as investors look for fresh catalysts

March 30, 2017 by  
Filed under News

(Reuters) – U.S. stocks pared gains in early afternoon trading on Thursday as investors sought fresh triggers in the run up to the first-quarter earnings.


Source: Reuters Business News

Einhorn's GM plan poses conflict challenge for board

March 30, 2017 by  
Filed under News

NEW YORK (Reuters) – Hedge fund manager David Einhorn’s unusual plan to divide General Motors Co’s shares into two classes poses a potential corporate governance minefield for GM board members.


Source: Reuters Business News

U.S. economic growth revised higher, boosted by consumer spending

March 30, 2017 by  
Filed under News

WASHINGTON (Reuters) – U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years.


Source: Reuters Business News

OPEC compliance with oil curbs rises in March as UAE joins cut: survey

March 29, 2017 by  
Filed under News

LONDON/DUBAI (Reuters) – OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya.


Source: Reuters Business News

S&P edges up as energy gains, Vertex soars

March 29, 2017 by  
Filed under News

(Reuters) – The benchmark S&P 500 edged up on Wednesday as the stronger energy sector and soaring shares of Vertex Pharmaceuticals offset declines in financial shares and investors began looking ahead to first-quarter earnings season.


Source: Reuters Business News

Samsung launches Galaxy S8 and dreams of recovery from Note 7

March 29, 2017 by  
Filed under News

SEOUL/NEW YORK – (Reuters) – Samsung Electronics Co Ltd unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc after the embarrassing withdrawal of the fire-prone Note 7s.


Source: Reuters Business News

Santander to pay $25.9 million to resolve subprime auto loan probes

March 29, 2017 by  
Filed under News

BOSTON (Reuters) – Santander Consumer USA Holdings Inc has agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware into its financing and securitization of sub-prime auto loans.


Source: Reuters Business News

U.S. pending home sales surge to ten-month high ahead of spring

March 29, 2017 by  
Filed under News

WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season.


Source: Reuters Business News

Wall Street jumps, fueled by strong consumer data

March 28, 2017 by  
Filed under News

(Reuters) – U.S. stocks posted sharp gains on Tuesday, with bank and energy stocks surging, as data showed U.S. consumer confidence soaring to a more than 16-year high.


Source: Reuters Business News

GM rebuffs two-class share plan from Einhorn's Greenlight Capital

March 28, 2017 by  
Filed under News

(Reuters) – General Motors Co on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price, saying the plan creates unacceptable risk for the country’s largest automaker.


Source: Reuters Business News

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