Disney hits record on streaming plans; Netflix slips
Shares of Walt Disney Co touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix Inc.
PNC Financial sees higher second-quarter net interest income
PNC Financial Services on Friday said it expects second-quarter net interest income and fee revenue to be higher than first quarter, sending its shares up 2.3 percent in morning trading.
Exclusive: EU tariffs to target 20 billion euros of U.S. imports – diplomats
The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
U.S. official says Mexico not looking to roll back energy reform
Mexico’s new government has indicated it does not wish to roll back an energy overhaul passed by the previous administration which opened up oil production and exploration to private capital, a senior U.S. government official said on Friday.
Oil up 1 percent on tightening crude supply, upbeat economic data
Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.
BlackRock cut CEO Larry Fink’s pay by 4.3% in 2018: filing
BlackRock Inc, the world’s largest asset manager, cut total compensation for chairman and chief executive officer Larry Fink by 4.3% in 2018, according to a filing on Friday.
Wells Fargo’s interest income outlook spooks investors
Wells Fargo & Co’s aggressive cost cutting helped boost its quarterly profit, but shares in the lender fell 3 percent on Friday after it dialed back its forecast for how much net interest income it would bring in this year.
Backstory: Three cameras, two ladders – snapping Tesla’s Elon Musk at court
(Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate)
Exclusive: EU eyes 20 billion euros of U.S. imports to hit over Boeing – diplomats
The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.
China data, JPMorgan earnings boost stocks, riskier assets
Global stock markets rose on Friday after JP Morgan’s results kicked off the U.S. corporate earnings season in style, while signs of stabilization in China’s economy also helped riskier assets on views the growth outlook worldwide is better than though…
