Industrials lead Dow to record high; tech boosts S&P, Nasdaq
Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street’s main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.
American Airlines joins rivals in hiking U.S. baggage fees by five dollars
American Airlines Group Inc said on Thursday it would raise domestic U.S. baggage fees by $5, joining major rivals in the price hike amid higher fuel costs.
Adobe to buy marketing software firm Marketo for $4.75 billion
Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.
Uber in talks to buy food delivery firm Deliveroo: Bloomberg
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter.
Barrett Business Services settles accounting fraud charges: SEC
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former controller, Mark Cannon, have agreed to settle civil charges of accounting fraud involving workers’ compensation.
NY court overturns $115 million patent judgment against Samsung
The New York State Court of Appeals on Thursday overturned a $115 million judgment against Samsung Electronics Co Ltd over television patents.
Amazon adds Echo devices for home and car in bid to dominate voice gadgets
Amazon.com Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled devices.
NAFTA talks grind on, Canada quells talk of U.S. quota on autos
Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.
Wells Fargo to cut headcount by 5-10 percent in next 3 years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
Barrett Business Services, ex-CFO settle accounting fraud charges: SEC
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former chief financial officer have agreed to settle charges of accounting fraud involving workers’ compensation expenses.
