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Wall St. edges up on modest tech rebound

September 26, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. stocks advanced modestly on Tuesday as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike.


Source: Reuters Business News

Uber says it will pull out of Canada's Quebec province

September 26, 2017 by  
Filed under News

TORONTO (Reuters) – Ride-hailing service Uber Technologies Inc [UBER.UL] said on Tuesday it will stop operating in the Canadian province of Quebec next month, pulling out to avoid following tough new regulations announced last week.


Source: Reuters Business News

FCC finds 'effective competition' in U.S. wireless market

September 26, 2017 by  
Filed under News

WASHINGTON (Reuters) – A divided Federal Communications Commission on Tuesday approved a report that found for the first time since 2009 there is “effective competition” in the wireless market, a finding that could help Sprint Corp and T-Mobile US Inc to merge.


Source: Reuters Business News

Senate poised to repeal new rule allowing consumer class actions

September 26, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. Senate will soon likely vote to kill a new ban on banks and credit card companies requiring customers to surrender their right to sue in order to open accounts, according to aides, lobbyists and activists.


Source: Reuters Business News

Private equity may win in U.S. Republicans' tax plan

September 26, 2017 by  
Filed under News

WASHINGTON (Reuters) – U.S. President Donald Trump’s promise to close the “carried interest” tax break that benefits some of Wall Street’s wealthiest financiers could be defanged if his administration proceeds with an exemption for certain firms.


Source: Reuters Business News

Apple shares flirt with correction territory

September 25, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.


Source: Reuters Business News

Wall St. falls on North Korea warnings, tech selloff

September 25, 2017 by  
Filed under News

NEW YORK (Reuters) – Wall Street fell on Monday, as a selloff in technology shares dragged the Nasdaq down more than 1 percent, while North Korea’s latest warnings to Washington added to a cautious tone.


Source: Reuters Business News

Top U.S. NAFTA negotiator sees no problem with pace of talks

September 25, 2017 by  
Filed under News

OTTAWA (Reuters) – The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.”


Source: Reuters Business News

SEC chairman notified of 2016 agency hack in August: testimony

September 25, 2017 by  
Filed under News

WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator’s database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday.


Source: Reuters Business News

Target raises minimum hourly wage to $11, pledges $15 by end of 2020

September 25, 2017 by  
Filed under News

CHICAGO (Reuters) – Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour — the so-called “living wage” labor advocates across the United States are campaigning for.


Source: Reuters Business News

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