Economy, dollar, trade key to U.S. stocks’ global edge
The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, in…
CBS probes misconduct allegations against CEO Moonves amid legal battle
U.S. broadcasting and media company CBS Corp said it was investigating claims of personal misconduct by its chief executive Leslie Moonves made in a New Yorker magazine article that was published on Friday.
Advisory firm ISS recommends against Rite Aid sale to Albertsons
Institutional Shareholder Services Inc (ISS), a shareholder advisory firm whose recommendations are followed by major mutual funds, said on Friday that Rite Aid Corp investors should vote down its $24 billion merger with Albertsons Cos.
Higher U.S. soy imports won’t harm EU farmers: German minister
An agreement by the European Union to increase soy imports from the United States will not harm EU farmers, German Agriculture Minister Julia Kloeckner said in an interview published on Saturday.
California farmers and Mexican cheese sales, U.S. trade war takes a toll
Stephen Mancebo, a fourth-generation California dairy farmer with 2,300 cows, has battled ups and downs in his temperamental industry for a quarter-century only to find himself a casualty of a U.S trade war with one of his biggest customers – Mexico.
Facebook is sued after stock plunge ‘shocked’ market
Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.
Facebook is sued after stock plunge
A shareholder of Facebook Inc on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook’s share price.
BlackRock’s Rieder halved fund’s emerging market exposure
Top BlackRock Inc bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday.
City Council aims to make New York first U.S. city to cap Uber, others
New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber [UBER.UL] and others, which warned that those living in far-flung neighborhoods will suffer most.
Wells Fargo apologizes to customers for recent account problems
Wells Fargo & Co apologized on Friday to customers who were having issues with their bank accounts after getting a stream of complaints on social media about checks not clearing or mobile deposits not working.
