Global stocks resume ascent on earnings hopes, euro gets lift from ECB
TOKYO (Reuters) – Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus.
Facebook, Alphabet shifted in sector classification system
SAN FRANCISCO (Reuters) – S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp, Netflix, Facebook and Alphabet to the newly broadened category.
FCC pauses review of Sinclair’s plan to buy Tribune Media Co
WASHINGTON (Reuters) – The Federal Communications Commission said on Thursday that it was pausing its review of Sinclair Broadcast Group Inc’s plan to buy Tribune Media Company .
Corporations may dodge billions in U.S. taxes through new loophole: experts
WASHINGTON (Reuters) – A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.
Peter Thiel submits bid for Gawker, faces challenges
NEW YORK (Reuters) – Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday.
Wall St. rises with oil prices, earnings optimism
(Reuters) – Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season.
Berkshire energy unit names CEO to replace potential Buffett successor
(Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its new chief executive to replace Gregory Abel, who was promoted a day earlier to oversee more Berkshire units, and potentially succeed Warren Buffett.
Walmart hikes minimum wage, announces layoffs on same day
NEW YORK (Reuters) – Walmart on Thursday said it will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major corporate tax cut and on the same day said it will shut stores and lay off thousan…
More layoffs at Indiana factory Trump made deal to keep open
INDIANAPOLIS (Reuters) – More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and pr…
Luxury group Kering to spin off Puma to its own shareholders
FRANKFURT/LONDON (Reuters) – Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate’s shareholders to focus squarely on its luxury brands.
