U.S. stocks jump on tech rebound, upbeat earnings
NEW YORK (Reuters) – U.S. stocks rallied on Thursday, buoyed by strong earnings results and a resurgence in technology stocks as U.S. bond yields eased, with each of Wall Street’s major indexes up more than 1 percent.
Under U.S. gaze, Latvia votes to dismantle banking bridge to Russia
RIGA/FRANKFURT (Reuters) – Latvia’s parliament voted on Thursday to scale back domestic banks’ ties with risky shell firms under laws aimed at tackling money laundering, but pressure will remain on the Baltic state to do more.
Wall Street seeks rule changes to encourage IPOs, staying public
NEW YORK/WASHINGTON (Reuters) – Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.
Canada’s WestJet CEO faces labor headwinds as pilots weigh strike
MONTREAL (Reuters) – WestJet Airlines new chief executive is facing his first major test as the Canadian carrier’s pilots weigh strike action and larger rival Air Canada on Thursday offered to accommodate travelers if there is a disruption.
MetLife trims compensation for CEO, CFO in year marked by errors
(Reuters) – MetLife Inc reduced total 2017 compensation for its chief executive and chief financial officer, a year marked by two key errors, including payments it failed to make to pensioners whom it could not locate, according to a filing on Thursda…
Airbus heads for dogfight with UTC over CSeries costs
PARIS/MONTREAL (Reuters) – Airbus is preparing to cross swords with United Technologies over the price of components and services for the Bombardier CSeries in a bid to make it easier to market the jet it agreed to bail out last year, people close to t…
Wall Street jumps as tech roars back, yields retreat
(Reuters) – Facebook’s 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street.
EU strikes deal forcing Netflix, Amazon to fund European content
BRUSSELS (Reuters) – EU lawmakers and member states on Thursday struck a preliminary deal that will allow countries to force online streaming services including Netflix and Amazon’s video service to help fund European films and TV shows.
U.S. business spending on equipment cooling; labor market strong
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell in March, weighed down by the biggest decline in demand for machinery in nearly two years, and a drop in shipments cemented expectations that business spending on equipment slowed i…
New York Times names company veteran Roland Caputo as CFO
(Reuters) – The New York Times Co on Thursday named Roland Caputo as its next chief financial officer, tapping a company veteran to succeed James Follo whose retirement was announced in October.
