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Health, industrials weigh on Wall St; oil gains on Israel comments

April 30, 2018 by  
Filed under News

(Reuters) – Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, weighed down by healthcare stocks, while surging oil prices added to worries about rising costs for companies.


Source: Reuters Business News

U.S. argues AT&T hiding real consumer impact of Time Warner deal

April 30, 2018 by  
Filed under News

WASHINGTON (Reuters) – AT&T sought to hide the high cost to consumers of its $85-billion deal to buy movie and TV producer Time Warner, the Justice Department said in its closing arguments on Monday as the United States tried to block the deal in court.


Source: Reuters Business News

Investors look to Apple's cash, services as iPhone sales seen stalling

April 30, 2018 by  
Filed under News

(Reuters) – Apple Inc’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company’s quarterly earnings report on Tuesday.


Source: Reuters Business News

McDonald's serves up quarterly beat on higher global sales, U.S. spending

April 30, 2018 by  
Filed under News

(Reuters) – McDonald’s Corp blew past analysts’ forecasts for profit and revenue on Monday, helped by higher sales in overseas markets and as U.S. customers spent more at its outlets.


Source: Reuters Business News

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

April 29, 2018 by  
Filed under News

(Reuters) – T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.


Source: Reuters Business News

Saudi Aramco appoints first woman to the board

April 29, 2018 by  
Filed under News

DUBAI (Reuters) – Saudi Aramco, the world’s top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.


Source: Reuters Business News

China eases restrictions on foreign ownership of securities ventures

April 28, 2018 by  
Filed under News

BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership.


Source: Reuters Business News

Ex-Wynn Resorts CEO files defamation lawsuit against former employee – WSJ

April 28, 2018 by  
Filed under News

(Reuters) – Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd following allegations of sexual misconduct, has filed a defamation lawsuit against a former employee of the casino company, the Wall Street Journal reported on Saturday.


Source: Reuters Business News

Sainsbury's, Walmart's Asda to create UK supermarket powerhouse

April 28, 2018 by  
Filed under News

LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, a combination which would surpass Tesco’s grocery market share and be worth up to 15 billion pounds ($20.7 billion).


Source: Reuters Business News

Russia gives tentative nod to Schlumberger's acquisition of EDC stake

April 28, 2018 by  
Filed under News

MOSCOW (Reuters) – Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations.


Source: Reuters Business News

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