Wall Street climbs as worries over Italy’s politics ease
(Reuters) – U.S. stocks advanced on Wednesday, with gains in energy and banking shares aiding the recovery from a steep selloff in the previous session due to concerns over Italy’s political crisis.
Wall Street opens higher after selloff driven by Italy turmoil
(Reuters) – U.S. stocks opened higher on Wednesday, rebounding from a steep selloff in the previous session on worries about a political crisis in Italy.
NXP shares fall as China’s warning revives concerns over Qualcomm deal
(Reuters) – Shares of NXP Semiconductors NV fell 5 percent on Wednesday after China’s latest warning against U.S. trade threats dulled hopes of an early approval by Beijing for Qualcomm’s $44 billion acquisition of the chipmaker.
U.S. first-quarter growth revised a touch lower
WASHINGTON (Reuters) – U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but a robust labor market and income tax cuts are likely to boost activ…
Uniper supervisory board rejects calls for Elliott-backed audit
FRANKFURT (Reuters) – Uniper’s supervisory board on Wednesday urged shareholders to reject a motion by activist investor Elliott to launch a probe into whether management sought to block the sale of a major stake to Fortum , in a deal it opposes.
‘They blocked the truck!’ Cargo bandits disrupt e-commerce in Brazil
GUARULHOS, Brazil (Reuters) – In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors.
U.S. first-quarter growth revised down to 2.2 percent
(Reuters) – U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but income tax cuts are likely to boost activity this year.
Fox sets Disney deal vote for July 10
(Reuters) – Twenty-First Century Fox Inc will hold a special meeting on July 10th for its stockholders to vote on a proposed merger with Walt Disney Co , the company said on Wednesday.
Stock futures steady after selloff due to Italy crisis
(Reuters) – U.S. stock index futures rose on Wednesday, suggesting a respite from a steep selloff that had pushed the S&P and the Dow Jones Industrial Average to their worst day in a month due to a political crisis in Italy.
Lufthansa to query German cartel office over price analysis
FRANKFURT (Reuters) – Lufthansa did not make any additional profit on domestic German routes after the collapse of local rival Air Berlin, and prices did not go up by as much as determined by the cartel office, an executive at the airline said on Wedn…
