Gold soars toward largest annual gain since 2010 on dollar boost
NEW YORK/LONDON (Reuters) – Gold extended its rally to a three-month high on Friday, leaping toward its biggest one-year rise in seven years as a wilting U.S. dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes …
Pershing Square, Valeant arrive at settlement split for Allergan lawsuit
(Reuters) – Activist investor William Ackman’s Pershing Square and Valeant Pharmaceuticals on Friday decided to pay $290 million to settle a lawsuit that accused them of insider trading before bidding for Allergan Plc in 2014.
Amazon ordered not to pull in customers who can’t spell ‘Birkenstock’
A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google.
Wall Street set to end the year on dour note
(Reuters) – Losses in technology and financial stocks weighed on Wall Street on the last trading day of 2017, in what has been a banner year for U.S. shares.
Goldman to take $5 billion earnings hit from U.S. tax law
(Reuters) – Goldman Sachs Group Inc will take a $5 billion earnings hit in the fourth quarter due to a new U.S. tax law, the Wall Street bank said in a regulatory filing on Friday.
AT&T says all U.S. states will use its public safety netwowrk
NEW YORK (Reuters) – AT&T Inc said on Friday that all 50 U.S. states had decided to participate in the nationwide broadband network it is building for first responders as part of a $6.5 billion government contract.
London Stock Exchange’s company floats hit 3-year high at 15 billion pounds
LONDON (Reuters) – The London Stock Exchange raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years.
Germany’s top court rejects VW’s bid to suspend emissions audit
FRANKFURT (Reuters) – Germany’s highest court has rejected a bid by Volkswagen AG to suspend the work of a special auditor appointed to investigate management’s actions in the “Dieselgate” emissions scandal.
Goldman to take one-time $5 billion hit to profit from new tax law
(Reuters) – Goldman Sachs Group Inc said on Friday it expects fourth-quarter earnings to decrease by about $5 billion, as the bank looks to take advantage of a new tax law that makes it cheaper for U.S. companies to repatriate profits.
Gold breaks above $1,300/oz on way to best year since 2010
LONDON (Reuters) – Gold hit its highest in 2-1/2 months on Friday and remained on track for its biggest annual rise since 2010 as a wilting dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally….
