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German business leaders fear U.S. tariffs after Merkel-Trump talks

April 28, 2018 by  
Filed under News

BERLIN (Reuters) – German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and U.S. President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports.


Source: Reuters Business News

U.S. judge blocks Fujifilm, Xerox merger temporarily

April 28, 2018 by  
Filed under News

(Reuters) – Fujifilm Holdings Corp’s merger with U.S. firm Xerox Corp was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal.


Source: Reuters Business News

Better battery packaging on planes overlooks other safety concerns: airlines

April 27, 2018 by  
Filed under News

MONTREAL/SINGAPORE (Reuters) – New global packaging standards expected in late 2018 will allow lithium-ion batteries back into passenger plane cargo holds, pending design and regulatory approval, but some airlines say the new rule overlooks other safety concerns.


Source: Reuters Business News

Wall Street edgy as inflation fears rise, earnings boost fades

April 27, 2018 by  
Filed under News

(Reuters) – Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.


Source: Reuters Business News

Refining margins hurt Exxon, Chevron quarterly results

April 27, 2018 by  
Filed under News

HOUSTON (Reuters) – Weak refining margins hurt Exxon Mobil Corp and Chevron Corp’s first-quarter profit, cutting into overall gains from rising oil prices.


Source: Reuters Business News

Prime hike gives Amazon warchest for fight over postal costs

April 27, 2018 by  
Filed under News

(Reuters) – Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday.


Source: Reuters Business News

T-Mobile, Sprint finalizing merger terms: sources

April 27, 2018 by  
Filed under News

(Reuters) – U.S. wireless carriers T-Mobile US Inc and Sprint Corp are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday.


Source: Reuters Business News

Wall Street jumps as tech roars back, yields retreat

April 26, 2018 by  
Filed under News

(Reuters) – Facebook’s 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street.


Source: Reuters Business News

Ex-HSBC executive sentenced to two years for foreign exchange scheme

April 26, 2018 by  
Filed under News

NEW YORK (Reuters) – A former HSBC Holdings Plc executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.


Source: Reuters Business News

Wall Street seeks rule changes to encourage IPOs, staying public

April 26, 2018 by  
Filed under News

NEW YORK/WASHINGTON (Reuters) – Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.


Source: Reuters Business News

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