Staples names Coca-Cola veteran Douglas as new CEO
(Reuters) – U.S. office supplies chain Staples Inc, which was taken private by Sycamore Partners last year, named Coca-Cola Co veteran J. Alexander Douglas as its chief executive on Friday.
U.S. stocks, VIX dance in tandem in break with history
NEW YORK (Reuters) – A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally has instead also driven up the anxiety factor in the market.
U.S. trade body backs Canada’s Bombardier over Boeing in tariff spat
WASHINGTON/MONTREAL (Reuters) – Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs.
Wall Street climbs on Intel, healthcare boost
(Reuters) – Wall Street climbed on Friday as both the S&P 500 and Dow hit records on the latest round of strong earnings reports, including results from Intel and AbbVie, as well as continued weakness in the dollar.
Exclusive: U.S. gunmaker Remington turns to debt restructuring advisors – sources
(Reuters) – Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, is working with investment bank Lazard Ltd on options to restructure its $950 million debt pile, people familiar with the matter said on Friday.
Wynn Resorts CEO calls sexual misconduct accusations ‘preposterous’
(Reuters) – Wynn Resorts Ltd Chief Executive Steve Wynn said on Friday that accusations of sexual misconduct made against him that were reported by the Wall Street Journal were “preposterous.”
Intel lifts S&P, Dow to new highs; Starbucks weighs on Nasdaq
(Reuters) – The S&P and the Dow scaled new highs on Friday, driven by strong earnings from Intel and drugmaker AbbVie as well as a weaker dollar, putting the three main indexes on track for their best four-week rally since 2016.
Robust imports slow U.S. economic growth in fourth quarter
WASHINGTON (Reuters) – U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports.
BNP Paribas unit pleads guilty in U.S. to currency rigging, fined $90 mln
NEW YORK (Reuters) – A unit of BNP Paribas SA agreed to plead guilty and pay a $90 million criminal fine for rigging foreign currency prices, the U.S. Department of Justice said on Friday.
S&P, Dow hit records on upbeat Intel, AbbVie earnings
(Reuters) – U.S. stocks rose to fresh records on Friday, propelled by strong earnings from Intel and drugmaker AbbVie as well as a weaker dollar, putting the three main indexes on track for their best four-week rally since 2016.
