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What trade war? FAANGs scale new highs

June 20, 2018 by  

(Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.


Source: Reuters Business News

U.S. court revives Dr Pepper challenge to Coca-Cola 'zero' drinks

June 20, 2018 by  

(Reuters) – A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc’s challenge to Coca-Cola Co’s effort to register trademarks for soft drinks and sports drinks whose names contain the word “zero.”


Source: Reuters Business News

U.S. lawmakers want Google to reconsider links to China's Huawei

June 20, 2018 by  

WASHINGTON (Reuters) – A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc’s Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.


Source: Reuters Business News

Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

June 20, 2018 by  

(Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer.


Source: Reuters Business News

Media stocks, techs boost S&P; Nasdaq hits record high

June 20, 2018 by  

(Reuters) – A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.


Source: Reuters Business News

Merrill Lynch to pay $42 million for misleading customers: SEC

June 19, 2018 by  

WASHINGTON (Reuters) – Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday.


Source: Reuters Business News

FedEx shares hit by U.S.-China trade tensions ahead of earnings

June 19, 2018 by  

NEW YORK (Reuters) – FedEx Corp shares suffered their worst sell-off in two months ahead of the package delivery company’s quarterly results on Tuesday, as the latest U.S.-China trade tensions stoked fears that swept through the industrial sector.


Source: Reuters Business News

ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt

June 19, 2018 by  

HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.


Source: Reuters Business News

Trump determined to hit China as tit-for-tat tariff war erupts

June 19, 2018 by  

WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.


Source: Reuters Business News

Facebook expands offerings for video creators to cash in on views

June 19, 2018 by  

SAN FRANCISCO (Reuters) – Facebook Inc launched a matchmaking system Tuesday to cultivate partnerships between advertisers and video creators as the world’s largest social media company tries to quickly parallel the variety of commercial opportunities offered by its video rival YouTube.


Source: Reuters Business News

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