Starbucks CFO Maw to retire, shares tumble
(Reuters) – Starbucks Corp said on Thursday that Chief Financial Officer Scott Maw will retire at the end of November, stunning investors and sending shares of the world’s largest coffee shop chain down more than 4 percent.
Walgreens plays down Amazon pharmacy entry, but investors spooked
(Reuters) – Walgreens Boots Alliance Inc’s chief executive officer said on Thursday he was not worried about Amazon.Com Inc’s push into the U.S. healthcare sector, but investors were rattled by the threat the online giant could pose to the sector.
U.S. securities regulator unveils proposal to ease ETF approvals
WASHINGTON (Reuters) – The U.S. securities regulator on Thursday voted unanimously to propose easing its rules for approving low-risk exchange-traded funds (ETFs) in what could potentially be a major win for the $3.5 trillion market.
Drug stocks hit by Amazon health push, tech steadies Wall Street
(Reuters) – Amazon’s foray into the pharmacy space sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.
Starbucks CFO Scott Maw to retire in November, shares fall
(Reuters) – Starbucks Corp said on Thursday Chief Financial Officer Scott Maw will retire at the end of November, a move that stunned investors and sent shares of the world’s largest coffee shop chain down 3.8 percent in morning trade.
U.S. first-quarter GDP growth trimmed; labor market strong
WASHINGTON (Reuters) – The U.S. economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax …
Visa, Mastercard close to settling issues over card-swipe fees: WSJ
(Reuters) – Visa Inc and Mastercard Inc are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter….
Saudi-Russian axis rules oil markets as Trump fights Iran
DUBAI/LONDON (Reuters) – Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is anything to go by.
U.S. manufacturers, steel makers battle over tariff relief
(Reuters) – The flood of requests from U.S. manufacturers with the Commerce Department to exempt them from the Trump administration’s hefty tariffs on steel and aluminum imports is exposing competitive information to rivals, customers and U.S. metal producers.
Ex-Fed’s Yellen sees meager pick-up from Trump tax cuts
PARIS (Reuters) – U.S. President Donald Trump’s tax cuts are likely to give only a meager boost to productivity growth in the United States, former Federal Reserve chief Janet Yellen said on Thursday.
