S&P 500, Nasdaq set records on jobs data, trade headway
U.S. stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat U.S. jobs report and data on Chinese manufacturing eased concerns about slowing global growth.
Barneys’ Madison Avenue store to remain open for at least a year
Barneys New York Inc’s flagship Madison Avenue outlet in Manhattan will remain open for at least another year in a slimmed-down form while the buyer of the luxury retailer’s brands negotiates with the store’s landlord.
Oil rises nearly 4% on U.S.-China trade hopes, but sets weekly decline
Oil prices rose nearly 4% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.
U.S. Supreme Court to review SEC’s power to recover ill-gotten gains
The U.S. Supreme Court on Friday agreed to hear a challenge to the ability of the Securities and Exchange Commission to recover ill-gotten profits obtained through misconduct in a case from California that could weaken the agency’s enforcement power.
Apple asks U.S. to waive tariffs on Chinese-made watches, iPhone parts, AirPods
Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products, according to company filings with the U.S. Trade Representative’s Office.
Factbox: Fight for fitness – With Fitbit, Google takes on Xiaomi, Apple, Samsung
Competition in the wearable market is taking a turn as Alphabet Inc-owned Google buys Fitbit Inc in a bid to take on Apple and Samsung.
U.S.-China trade deal in sight after progress in high-level talks
The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and U.S. officials said a deal could be signed this month.
Deutsche Bahn in exclusive talks with Carlyle for Arriva sale
Deutsche Bahn is in exclusive talks with U.S. buyout group Carlyle over the sale of the German rail operator’s Arriva international passenger transport unit, a person familiar with the matter said on Friday.
U.S. extends divestiture deadline for sanctioned Russian firm GAZ
The U.S. Treasury said on Friday it was giving investors several more months to divest from Russian automaker GAZ , a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.”
AT&T adds Seagate chairman Stephen Luczo to board
AT&T Inc said on Friday it named Seagate Technology Plc chairman Stephen Luczo to its board, days after the second-largest U.S. wireless phone carrier by subscribers announced it would add two new board members.
