Merrill Lynch to pay $1.25 million penalty in SEC settlement: statement
WASHINGTON (Reuters) – Merrill Lynch has agreed to settle U.S. charges over allegations that it did not properly prevent unregistered sales of a software company’s shares on behalf of a China-based issuer, the Securities and Exchange Commission said on…
Wall Street rolls higher as Trump softens tariff stance
(Reuters) – U.S. stocks rose on Thursday as fears of a global trade war eased after President Donald Trump promised great flexibility toward the United States’ “real friends” as he prepared to impose hefty import tariffs.
McDonald’s flips golden arches in honor of International Women’s Day
(Reuters) – Diners at McDonald’s should not be alarmed if they see the restaurant chain’s iconic ‘M’ logo turned upside down on Thursday at different locations across the country.
Eleven nations – but not U.S. – to sign Trans-Pacific trade deal
SANTIAGO (Reuters) – Eleven countries are expected to sign a landmark Asia-Pacific trade agreement in Santiago on Thursday as an antidote to the increasingly protectionist bent of the United States, which pulled out of the pact last year.
Refiners, traders brace for fuel-market volatility ahead of sulfur caps
HOUSTON/NEW YORK (Reuters) – Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at slashing the use of dirty high-sulfur fuel oil in …
Supermarket chain Kroger’s forecast disappoints, shares down
(Reuters) – Kroger Co forecast full-year profit largely below Wall Street’s estimates on Thursday as a brutal price war with Walmart Inc and Amazon.com Inc squeezes the supermarket chain’s margins, sending its shares tumbling more than 12 percent.
Trump promises U.S. friends ‘flexibility’ as trade war warnings rise
WASHINGTON/PARIS/BEIJING (Reuters) – President Donald Trump offered the prospect of relief from steel and aluminum tariffs to countries that “treat us fairly on trade” on Thursday, a gesture apparently aimed at renewing pressure on Canada and Mexico to…
ECB drops easing bias en route to stimulus exit
FRANKFURT (Reuters) – The European Central Bank dropped a long-standing pledge on Thursday to increase its bond buying if needed, taking another small step in weaning the euro zone economy off its protracted stimulus.
U.S. weekly jobless claims back off 48-year low
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions.
Supermarket chain Kroger’s sales beat, forecast disappoints
(Reuters) – Supermarket chain Kroger Co on Thursday reported quarterly net sales that beat analysts’ estimates, but issued a disappointing full-year profit forecast that sent its shares down 7 percent in premarket trading.
