Canada stock market to reopen Monday after outage: TMX
TORONTO (Reuters) – Canada’s stock market, the world’s sixth largest, abruptly shut down on Friday after an outage but will resume trading Monday after “internal technical issues”, the exchange operator said.
Passenger sues Southwest Airlines over fatal engine explosion
NEW YORK (Reuters) – A lawsuit against Southwest Airlines Co has been filed by a passenger who was flying on last week’s flight 1380, in which an engine exploded and one person was killed.
Wall Street mixed up as inflation worries counter earnings boost
(Reuters) – Wall Street struggled for direction on Friday as inflation jitters and sagging technology and energy stocks offset an advance in the consumer discretionary sector led by Amazon.
Better battery packaging on planes overlooks other safety concerns: airlines
MONTREAL/SINGAPORE (Reuters) – New global packaging standards expected in late 2018 will allow lithium-ion batteries back into passenger plane cargo holds, pending design and regulatory approval, but some airlines say the new rule overlooks other safet…
Wall Street edgy as inflation fears rise, earnings boost fades
(Reuters) – Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.
Refining margins hurt Exxon, Chevron quarterly results
HOUSTON (Reuters) – Weak refining margins hurt Exxon Mobil Corp and Chevron Corp’s first-quarter profit, cutting into overall gains from rising oil prices.
Deutsche Bank likely to axe 1,000 U.S. investment bank jobs: source
FRANKFURT (Reuters) – Deutsche Bank is expected to cut around 1,000 jobs or 10 percent of its workforce in the United States, a person familiar with the matter said on Friday, as the German lender scales back its global investment banking ambitions.
U.S. economy slows in first quarter, but wage growth accelerates
WASHINGTON (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely tem…
WPP digital boss Read prepares to step into Sorrell’s shoes for first quarter results
LONDON (Reuters) – WPP’s digital boss Mark Read will get the chance to stake his claim to the top job at the world’s biggest advertising company when he helps to present its first set of results without founder Martin Sorrell on Monday.
U.S. keeps China, puts Canada on IP priority watch list
WASHINGTON (Reuters) – The Trump administration on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceut…
