German business leaders fear U.S. tariffs after Merkel-Trump talks
BERLIN (Reuters) – German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and U.S. President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports.
Sainsbury’s and Walmart’s Asda close to 10 billion pound merger: source
LONDON (Reuters) – Sainsbury’s , Britain’s No. 2 supermarket, and Asda, the UK arm of Walmart that is the No. 3 player, are close to securing a merger deal, a source with knowledge of the situation told Reuters on Saturday.
Russia gives tentative nod to Schlumberger’s acquisition of EDC
MOSCOW (Reuters) – Russia has given preliminary approval to U.S. oilfield services giant Schlumberger bid to acquire up to 49 percent in Russia’s Eurasia Drilling Co (EDC) in a surprise move despite a chilling in U.S.-Russian relations.
China Fosun dials up tourism push with $1.74 billion Atlantis Sanya luxury resort
SANYA, China (Reuters) – China’s Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan – China’s Hawaii – and a beacon to both domestic and f…
Rising costs, inflation on radar as U.S. earnings season unfolds
NEW YORK (Reuters) – Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period.
U.S. judge blocks Fujifilm, Xerox merger temporarily
(Reuters) – Fujifilm Holdings Corp’s merger with U.S. firm Xerox Corp was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal.
Alphabet’s Sergey Brin says company must assume greater responsibility
SAN FRANCISCO (Reuters) – Alphabet Inc President Sergey Brin said on Friday that technology companies must take greater responsibility for the social impact of their work, his first comments following a year of heightened global awareness about misus…
Canada stock markets, abruptly shut by technical issue, to resume on Monday
TORONTO (Reuters) – Canada’s stock market, the world’s sixth-largest, abruptly shut down on Friday after an outage cut market participants off the main exchanges but will resume trading on Monday after resolving “internal technical issues,” the exchang…
Wall Street flat as earnings offset inflation jitters
NEW YORK (Reuters) – Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon.
Nasdaq asks regulators to let companies decide where they trade
NEW YORK (Reuters) – Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each o…
