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U.S. Congress passes short-term bill to avert government shutdown

April 28, 2017 by  
Filed under News

WASHINGTON (Reuters) – The Republican-led Congress averted a U.S. government shutdown on Friday, giving lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.


Source: Reuters Business News

Apple, Tesla ask California to change its proposed self-driving car testing policies

April 28, 2017 by  
Filed under News

(Reuters) – Apple Inc asked the state of California to make changes in its proposed self-driving car policies, the latest sign the company is pursuing driverless car technology.


Source: Reuters Business News

U.S. gasoline demand falls for second straight month: EIA

April 28, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year’s record volumes.


Source: Reuters Business News

Italian police say Amazon has evaded 130 million euros of taxes

April 28, 2017 by  
Filed under News

MILAN (Reuters) – Milan tax police have told Amazon they believes the world’s largest online retailer has evaded around 130 million euros ($142 million) of taxes in Italy, a source close to the matter said on Friday.


Source: Reuters Business News

Goldman hopes high rates will lure consumers to online bank

April 27, 2017 by  
Filed under News

(Reuters) – Goldman Sachs Group Inc plans to promote its high-interest bearing deposit products in a marketing push to consumers later this year as it looks to grow its online bank, Chief Strategy Officer Stephen Scherr said in an interview on Thursday.


Source: Reuters Business News

Jobless claims rise, but four-week average at two-month low

April 27, 2017 by  
Filed under News

WASHINGTON, April 27 (Reuters) – The number of Americans filing for unemployment benefits rose more than expected last week, but the four-week average of claims fell to a two-month low, indicating that labor market conditions continue to tighten.


Source: Reuters Business News

Alphabet CEO touts results of corporate restructuring

April 27, 2017 by  
Filed under News

(Reuters) – Alphabet Inc Chief Executive Larry Page said on Thursday that the holding corporate structure for search unit Google and a host of new businesses has succeeded in creating more transparency for investors.


Source: Reuters Business News

MetLife to invest $1 billion in tech to reach cost-savings goals

April 27, 2017 by  
Filed under News

NEW YORK (Reuters) – MetLife Inc plans to invest $1 billion in an efficiency program through 2019 that will eventually reduce annual operating costs by around $800 million, the insurer said on Thursday.


Source: Reuters Business News

Manufacturers, Wall Street getting Trump's ear in first 100 days

April 27, 2017 by  
Filed under News

WASHINGTON (Reuters) – Manufacturers and Wall Street have led the quest for business access to President Donald Trump in his first 100 days in office, with media companies and Silicon Valley seldom entering the presidential bubble, a Reuters review found.


Source: Reuters Business News

Former Jefferies Group trader sentenced to two years for fraud

April 26, 2017 by  
Filed under News

NEW HAVEN, Conn. (Reuters) – A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to two years in prison and to pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond prices.


Source: Reuters Business News

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