In farewell to U.S. shoppers, Toys ‘R’ Us urges ‘Play on!’
SAN FRANCISCO (Reuters) – As Toys “R” Us Inc stores across the United States marked their final day in business on Friday, the bankrupt toy retailer posted a farewell message to customers on its website next to an image of its iconic Geoffrey the Giraf…
Apple rebuilds mapping app, but will still tap TomTom
(Reuters) – Apple Inc is rebuilding the widely used mapping application on its iPhones from the ground up with its own dataset, but Amsterdam-based TomTom NV will continue to be a data provider for Apple’s maps app, Cupertino, California-based Apple to…
Wall Street ekes out gain as Nike surges
NEW YORK (Reuters) – Wall Street’s major stock indexes edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over U.S. international trade relations ebbed.
Trump says auto tariff probe will be completed in three-four weeks
ABOARD AIR FORCE ONE (Reuters) – President Donald Trump said on Friday his administration’s investigation into whether to increase tariffs on cars from the European Union and other trading partners would be completed in three to four weeks.
Stress test results signal more flexible new-look Fed
WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers…
Canada hits back on U.S. tariffs; Mnuchin denies Trump wants to quit WTO
OTTAWA/WASHINGTON (Reuters) – Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.
Comcast says services being restored after outage
(Reuters) – Comcast Corp said on Friday services interrupted by two separate incidents of fiber cuts at its network providers were being restored.
Wall Street ends up on Nike, bank gains; posts declines for week
NEW YORK (Reuters) – A surge in Nike Inc shares and a rally in bank stocks lifted Wall Street’s major stock indexes on Friday, though all three still posted weekly declines.Based on the latest available data, the Dow Jones Industrial Average rose 59.29 points, or 0.24 percent, to 24,275.34, the S&P 500 gained 2.32 points, or 0.09 percent, to 2,718.63 and the Nasdaq Composite added 6.62 points, or 0.09 percent, to 7,510.30.
GM warns U.S. import tariffs could lead to ‘smaller’ company, fewer jobs
(Reuters) – General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” with fewer jobs while isolating U.S. businesses from the global market.
Morgan Stanley pays $3.6 million fine for weak investor protection rules
WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine on Friday after regulators found it failed to have systems in place to help it detect and prevent the misappropriation of client funds, the U.S. Securities and Exchange Commission…
