Best Buy CEO says turnaround done, room to compete with Amazon
NEW YORK (Reuters) – Best Buy Co Inc has completed a five-year turnaround and is ready to compete with market leader Amazon.com Inc to prove U.S. retail is not a “winner takes all” situation, Chief Executive Hubert Joly told Reuters on Friday.
Exclusive: U.S. has ordered Broadcom to give notice of steps to redomicile – sources
(Reuters) – A U.S. national security panel has ordered Singapore-based chipmaker Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the United States, three people familiar with the matter said on Fr…
Exclusive: U.S. has ordered Broadcom to give notice of steps to redomicile – sources
(Reuters) – A U.S. national security panel has ordered Singapore-based chipmaker Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the United States, three people familiar with the matter said on Fr…
Trump steel tariffs may leave these U.S. steelworkers jobless
FARRELL, Penn. (Reuters) – Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering U.S. steel industry. Now he worries President Trump’s tariffs …
Exclusive: GE explores divesting electrical engineering business – sources
(Reuters) – General Electric Co is exploring a sale of the electrical engineering business which it acquired for $3.2 billion in 2011, as the U.S. industrial conglomerate continues to shed unwanted assets, according to four people familiar with the ma…
Wall Street climbs on bull market’s birthday as inflation fears ebb
NEW YORK (Reuters) – To celebrate the bull market’s ninth birthday on Friday, the three major U.S. stock indexes climbed almost 2 percent and the Nasdaq closed at a record high, as February’s jobs report assuaged fears of inflation and aggressive inter…
U.S. eases way to more tariff exemptions under pressure from allies
WASHINGTON/BRUSSELS/SHANGHAI (Reuters) – The United States opened the way for more exemptions from its steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from lawmakers, further diluting the measures just a day after …
Wall St. climbs on bull market’s birthday as inflation fears ebb
NEW YORK (Reuters) – To celebrate the bull market’s ninth birthday on Friday, the three major U.S. stock indexes rose more than 1 percent, with the Nasdaq touching a record high, as February’s jobs report assuaged fears of inflation and aggressive inte…
High-performance U.S. tech stocks drive Nasdaq to record high
SAN FRANCISCO (Reuters) – The Nasdaq blasted through a record high on Friday as traders looking to ride recent momentum piled into Microsoft, Netflix, Amazon.com and other high-performance technology names.
‘Pharma Bro’ Shkreli sentenced to seven years for defrauding investors
NEW YORK (Reuters) – Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, was sentenced to 7 years and a $75,000 fine on Friday.
