Shkreli loses bid to toss stock manipulation conviction
(Reuters) – A federal judge on Friday refused to overturn former drug company executive Martin Shkreli’s conviction of scheming to manipulate his company’s stock price.
Tech stocks, Fed view help Wall Street climb
(Reuters) – Wall Street’s main indexes rose on Friday, with gains in technology stocks helping claw back some of the week’s losses, after the Federal Reserve calmed investors’ nerves by saying interest rate hikes would continue as planned this year.
Geely chief builds $9 billion stake in Germany’s Daimler
FRANKFURT (Reuters) – Li Shufu, the chairman and main owner of Chinese carmaker Geely [GEELY.UL], has built a stake of 9.69 percent in Daimler AG , the German carmaker said in a regulatory filing on Friday.
U.S. M&A lending hits early year high with jumbo loans
NEW YORK (LPC) – A flurry of huge US acquisitions is pushing high-grade M&A lending to early year highs as blue-chip firms take advantage of US tax reform and try to fight off the threat of online retail giant Amazon.
Legal hurdles, not Amazon, key concern for U.S. dental supply firms
(Reuters) – Henry Schein Inc and Patterson Cos Inc have bigger things to worry about than Amazon.com Inc potentially disrupting the niche dental-equipment market they dominate in the United States.
General Mills moves into pet food with $8 billion Blue Buffalo deal
(Reuters) – Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods.
Judge rejects Shkreli’s request to have conviction voided: Bloomberg
(Reuters) – Biotech founder Martin Shkreli’s request to have his securities fraud convictions thrown out was rejected by a judge who is set to sentence him on March 9, Bloomberg reported on Friday.
VW says shift to electric vehicles could hit profitability
BERLIN (Reuters) – Volkswagen said profitability could take a hit this year after posting record 2017 earnings on Friday, as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models.
Fed sees rate hikes on track; continued U.S. growth
WASHINGTON, (Reuters) – The U.S. Federal Reserve, looking past a recent stock market sell-off and concern about inflation, said it sees steady growth continuing and no serious risks on the horizon the might pause its planned pace of rate hikes.
SEC Commissioner questions complex financial products amid VIX drama
WASHINGTON (Reuters) – A Democratic commissioner at the U.S. Securities and Exchange Commission on Friday questioned the growing use of complex financial products by retail investors such as derivatives based on stock market volatility indicators that …
