Wall Street hit by tech, oil weakness
(Reuters) – U.S. stock indexes fell on Friday, with Apple leading declines in the technology sector and as energy companies took a hit from lower oil prices after President Donald Trump’s criticism on OPEC.
Comcast, Charter partner for mobile services back-end software
(Reuters) – Comcast Corp and Charter Communications Inc will partner to develop back-end software to support services for their Xfinity and Spectrum mobile offerings, the companies said on Friday.
GE profit tops estimates as cost-cutting kicks in
(Reuters) – General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.
Wall Street slips on tech, oil weakness
(Reuters) – U.S. stock indexes fell on Friday on weakness in technology stocks and as energy companies were hit by lower oil prices after President Donald Trump criticized OPEC for artificially high prices.
Wells Fargo agrees to pay $1 billion to settle customer abuses
(Reuters) – Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday.
Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source
LONDON (Reuters) – Nissan will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday.
Porsche’s head of powertrain development arrested, source says
HAMBURG (Reuters) – German police arrested the head of powertrain development at Volkswagen’s Porsche business and are holding him on remand because he is considered a flight risk, a person familiar with the matter said on Friday.
Wall Street opens flat on tech, oil weakness
(Reuters) – U.S. stock indexes opened flat on Friday, as strong earnings from industrials General Electric and Honeywell were offset by declines in technology stocks and oil price.
GE profit tops estimates, shares rise in ‘relief rally’
(Reuters) – General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.
GM Korea fails to reach wage deal, edging closer to bankruptcy filing
SEOUL (Reuters) – General Motors’ South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.
