Canada hits back at U.S. on tariffs, says it will not back down
OTTAWA (Reuters) – Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.
Comcast faces outage due to fiber cut at network partner
(Reuters) – Comcast Corp is experiencing service interruption across its business, residential internet, video and voice customers due to a fiber cut at one of its large backbone network partners, the company said in a tweet on Friday.
After stellar run, smallcaps may see some turbulence
NEW YORK (Reuters) – After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof p…
U.S. SEC says Morgan Stanley to pay $3.5 million fine over misuse of funds
WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.
German court orders Volkswagen to pay MAN minorities 300 million euros
MUNICH (Reuters) – A German court has ordered auto maker Volkswagen AG’s truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer.
Canada hits back at U.S. over tariffs, says it won’t back down
OTTAWA (Reuters) – Canada struck back at the U.S. administration over its steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington backed down.
GM warns U.S. import tariffs could lead to ‘smaller’ company
(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” and risks isolating U.S. businesses from the global market.
Nike, banks power Wall Street to biggest gain in three weeks
(Reuters) – A surge in Nike’s shares and a rally in bank stocks on Friday set the Dow Jones Industrial Average and the S&P 500 on track for their best day in a little over three weeks.
Canada strikes back at U.S. over tariffs, unveils aid package
OTTAWA (Reuters) – Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.
U.S. bank shares rise on capital return plans after stress test
(Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks.
