Apple leads Wall Street rally as inflation fears ease
NEW YORK (Reuters) – Apple and other technology stocks led a rally on Wall Street on Friday after weaker-than-expected U.S. wage growth data eased concerns about faster interest-rate hikes.
Exclusive: Redstone makes concessions on Viacom CEO to clinch CBS merger – sources
(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc , has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined c…
Air France-KLM CEO to quit after staff reject pay deal
PARIS (Reuters) – Air France-KLM CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay deal, plunging the airline into turmoil amid a wave of strikes at its French brand that has cost the company 300 million euros ($359 mil…
U.S. job growth picks up, unemployment rate falls to 3.9 percent
WASHINGTON (Reuters) – U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets.
Air France-KLM CEO to resign after employees reject salary package
PARIS (Reuters) – Air France-KLM CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay deal, plunging the airline into turmoil amid a wave of strikes at its French brand that has cost the company 300 million euros ($359 mil…
Apple, tech stocks lead Wall Street rally
(Reuters) – Apple and other technology stocks led a rally on Wall Street on Friday, after weaker-than-expected U.S. jobs and wage growth data eased concerns about faster interest rate hikes.
U.S. job growth picks up; unemployment rate drops to 3.9 percent
WASHINGTON (Reuters) – U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
Air France employees reject salary package, CEO resigns
PARIS (Reuters) – Air France employees rejected a pay deal on Friday, a setback for the company in a dispute that has seen over a dozen strikes and cost the company some 300 million euros.
Nestle close to deal for Starbucks bagged coffee, drinks business: reports
LONDON (Reuters) – Nestle , the world’s largest coffee company, is close to a deal with Starbucks Corp for the part of its business that sells bagged coffee and drinks in supermarkets, according to media reports on Friday.
