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FirstEnergy seeks emergency lifeline for U.S. nuclear, coal plants

March 29, 2018 by  
Filed under News

NEW YORK/WASHINGTON (Reuters) – U.S. power company FirstEnergy Corp urged the federal government on Thursday to evoke little-used emergency powers to help it keep several struggling nuclear and coal-fired power plants open, a move critics blasted as an attempt at a corporate bailout.


Source: Reuters Business News

U.S. stocks jump in upbeat end to tumultuous quarter

March 29, 2018 by  
Filed under News

NEW YORK (Reuters) – Wall Street jumped on Thursday, and was on track to end a holiday-shortened and tumultuous week in positive territory as investors returned to technology stocks.


Source: Reuters Business News

Trump escalates attack on Amazon, focusing on tax, shipping

March 29, 2018 by  
Filed under News

WASHINGTON (Reuters) – U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take.


Source: Reuters Business News

Melrose wins UK engineer GKN with $11 billion hostile bid

March 29, 2018 by  
Filed under News

LONDON (Reuters) – Melrose Industries has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN , winning an acrimonious three-month battle for control of the FTSE-100 company.


Source: Reuters Business News

Apple unveils new privacy tools ahead of EU law

March 29, 2018 by  
Filed under News

BRUSSELS (Reuters) – Apple is introducing new tools that will allow consumers to control how their data are used and deactivate their Apple ID accounts, as tech companies strive to bring their services into line with a tough new EU data protection law.


Source: Reuters Business News

Amazon shares fall after report Trump wants to curb its power

March 28, 2018 by  
Filed under News

WASHINGTON (Reuters) – Amazon.com Inc shares fell as much as 7.4 percent on Wednesday, briefly wiping about $53.6 billion from its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world’s largest online retailer and wants to rein in its growing power.


Source: Reuters Business News

Stella McCartney to buy brand in full from Kering

March 28, 2018 by  
Filed under News

PARIS (Reuters) – Kering and fashion label Stella McCartney said on Wednesday they had agreed to end their 17 year partnership, as the British designer behind the brand buys the 50 percent owned by the French luxury goods group.


Source: Reuters Business News

Tesla shares dive again, stung by fatal crash, credit downgrade

March 28, 2018 by  
Filed under News

NEW YORK (Reuters) – Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody’s Investors Service, federal probes of a fatal crash and concerns about Model 3 production.


Source: Reuters Business News

Turner CEO: No reason to hold back networks post AT&T merger

March 28, 2018 by  
Filed under News

(Reuters) – Turner Chief Executive John Martin told a U.S. court on Wednesday that there is no incentive for the company to hold back its networks, which include CNN, TBS and TNT, from other distributors if parent Time Warner is bought by AT&T Inc.


Source: Reuters Business News

Nissan launches new Altima into a sputtering U.S. sedan market

March 28, 2018 by  
Filed under News

NEW YORK (Reuters) – Japanese automaker Nissan Motor Co Ltd on Wednesday unveiled an all-new Altima sedan, and demonstrated the auto industry’s problem adjusting new-model investments fast enough to keep pace with shifts in consumer demand.


Source: Reuters Business News

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