Trading in Portugal’s EDP suspended after reports of likely Chinese bid
LISBON (Reuters) – Trading in the shares of utility company EDP-Energias de Portugal was suspended on Friday, as media reported that a Chinese group was set to make a takeover bid for the firm.
Takata’s defective air bags linked to 278 injuries in U.S.: Senator
(Reuters) – Takata Corp’s defective air bags have been linked to 278 injuries across the United States, according to updated figures released by U.S. Democratic Senator Bill Nelson of Florida, in advance of a hearing next week on the nomination of Heid…
At meeting with automakers, Trump launches new attack on NAFTA
WASHINGTON (Reuters) – Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North Am…
Fed to put Wells Fargo remediation plan to public board vote: letter
WASHINGTON (Reuters) – The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday.
Wall Street little changed as tech rally stalls
(Reuters) – The S&P 500 was flat on Friday as technology stocks fell after a six-day rally, while healthcare shares rose on expectations that President Donald Trump’s speech on drug prices will largely spare the industry.
Symantec tumbles on disclosure of whistleblower probe
(Reuters) – Symantec Corp shares lost a third of their value on Friday after the cyber-security firm disclosed its board’s audit committee was investigating “concerns” raised by a former employee and that it might have to restate results.
Apple is almost a $1 trillion company, but watch out for Amazon
SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.
Thomson Reuters expects higher 2018 costs, shares drop
(Reuters) – Thomson Reuters Corp forecast its corporate costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down 4 percent as investors fretted about earni…
U.S. import prices, surveys point to moderate inflation
WASHINGTON (Reuters) – U.S. import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately.
Exclusive – AT&T CEO: We made ‘big mistake’ hiring Cohen, chief lobbyist out
(Reuters) – AT&T Inc on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration.
