Wall Street edges higher on healthcare gains
(Reuters) – U.S. stocks edged higher on Friday as healthcare shares rose ahead of President Donald Trump’s speech on curbing prescription drug costs that is seen as largely sparing the industry.
GM Korea to turn a profit in 2019; plans SUV, crossover
(Reuters) – General Motors Co’s South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover vehicle for the local market and for export.
Mexico refuses to be rushed into poor NAFTA deal -minister
WASHINGTON (Reuters) – Mexico will not be rushed into revamping the North American Free Trade Agreement (NAFTA) just to get a deal, Economy Minister Ildefonso Guajardo said on Friday ahead of trilateral talks with his U.S. and Canadian counterparts.
Symantec shares slump 35 percent on probe mystery
(Reuters) – Symantec Corp’s shares sank by more than a third on Friday after the cyber-security firm said it was investigating concerns raised by a former employee but gave little other detail, spooking investors and Wall Street analysts.
S&P, Dow edge higher on healthcare gains, tech drags
(Reuters) – U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia.
Exclusive: AT&T CEO says Cohen payments ‘big mistake,’ chief lobbyist retiring
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
Exclusive: AT&T CEO says hiring Trump lawyer was ‘big mistake’ – memo
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
Futures tick higher; auto, health stocks in focus
(Reuters) – Wall Street was set to open slightly higher on Friday, with auto and healthcare stocks to be in focus as President Donald Trump is set to address issues related to the two sectors.
U.S. import prices rise less than expected in April
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.
St. Louis Fed’s Bullard says rates already near neutral, no more raises needed
WASHINGTON (Reuters) – St. Louis Federal Reserve Bank President James Bullard on Friday spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy….
