S&P 500, Nasdaq post best week in more than a year
NEW YORK (Reuters) – The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to records.
Internet Association to join expected net neutrality lawsuit
WASHINGTON (Reuters) – The Internet Association, a trade group representing companies such as Google parent Alphabet Inc and Facebook Inc , said on Friday that it intends to join an expected lawsuit against a decision to roll back net neutrality rules…
Morgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill
(Reuters) – Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.
U.S. government, AT&T say pre-trial preparation progressing
WASHINGTON (Reuters) – Lawyers for the Justice Department and AT&T Inc said on Friday that preparations have been smooth for a trial to decide if the wireless and pay TV giant may buy movie and TV show maker Time Warner Inc .
Race car driver Tucker gets more than 16 years for lending scheme
NEW YORK (Reuters) – A Kansas businessman and race car driver was sentenced to 16 years and 8 months in prison on Friday for crimes related to his online payday lending business, which prosecutors said made more than $3.5 billion as it exploited millio…
Wall Street caps best week in over a year to start 2018
NEW YORK (Reuters) – The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to record highs.
Verizon removes Bloomberg TV, refusing to pay carriage fees
(Reuters) – Verizon Communications Inc has pulled Bloomberg L.P.’s news network, Bloomberg TV, from 4.6 million of its pay-TV customers after the financial news provider asked the carrier to pay it for its content for the first time ever.
Neiman Marcus names Ralph Lauren executive as CEO
(Reuters) – Neiman Marcus Group Ltd [NMRCUS.UL] on Friday named Geoffroy van Raemdonck, an executive at upscale clothing manufacturer Ralph Lauren Corp , to succeed Karen Katz as chief executive officer of the debt-burdened luxury retailer next month.
Wall Street shrugs off weak December jobs data, extends gains
(Reuters) – Wall Street’s main indexes extended their new year rally on Friday after weak December U.S. jobs data raised expectations that the Federal Reserve would stick to its policy of gradual interest rate hikes in 2018.
Constellation third quarter sales miss, no hit from legalized pot
(Reuters) – Constellation Brands Inc missed Wall Street estimates for third quarter revenue on Friday and said wine and spirit sales for the full-year would be at the low end of a previous forecast, sending its shares down as much as 4 percent.
