S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq
NEW YORK (Reuters) – The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.
S&P 500 companies return $1 trillion to shareholders in tax-cut surge
SAN FRANCISCO (Reuters) – S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed.
T-Mobile says ex-Trump campaign manager advising on Sprint merger
WASHINGTON (Reuters) – T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump’s election team such as former campaign manager Corey…
Falling oil prices weigh on S&P 500, Dow
NEW YORK (Reuters) – The S&P 500 index and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.
Investors find little appetite for consumer staples
(Reuters) – The consumer staples index , the S&P 500’s biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour.
Fiat Chrysler recalls 5.3 million vehicles for cruise control defect
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the functi…
U.S. reaches deal to keep Chinese telecom ZTE in business: congressional aide
WASHINGTON (Reuters) – The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.
Exclusive: Tesla flies in new battery production line for Gigafactory
FRANKFURT/SAN FRANCISCO (Reuters) – Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter t…
Tesla hires new chief financial officer for China
(Reuters) – Tesla Inc on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing.
Tesla hires James Zhou as China CFO
(Reuters) – Tesla Inc on Friday announced a number of key executive hires including James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing.
