Asia stocks subdued as U.S. tax cuts slug bonds
SYDNEY (Reuters) – Asian markets offered a muted reception on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund t…
Asia stocks subdued as U.S. tax cuts belt bonds
SYDNEY (Reuters) – Asian markets offered a muted reaction on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund th…
Penske Media buys majority stake in Rolling Stone magazine
(Reuters) – Penske Media Corp said late Wednesday it is buying a majority stake in the Rolling Stone magazine from its New York-based publisher, Wenner Media.
E*Trade lets customers trade in Cboe bitcoin futures
(Reuters) – The online brokerage firm E*Trade Financial Corp will allow customers to trade bitcoin futures from Cboe Global Markets Inc , the company said on its website Wednesday, joining its rivals in opening the door for more mainstream adoption of…
Noble Group gets another credit extension, but future remains uncertain
HONG KONG/SINGAPORE (Reuters) – Troubled commodity trader Noble Group on Thursday said it had received an extension on a loan until May next year, giving it crucial time for negotiations over debt restructuring.
Asia stocks subdued as U.S. tax cuts batter bonds
SYDNEY (Reuters) – Asian markets offered a muted reaction on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund th…
Disney backs Fox’s request for more data protection in antitrust trial
WASHINGTON (Reuters) – Walt Disney Co joined Twenty-First Century Fox Inc on Wednesday in asking the judge hearing AT&T Inc’s antitrust case to strengthen an order aimed at keeping its data private if it is used at trial next year.
Apple wins big with U.S. tax bill but faces snag on foreign patents
(Reuters) – The U.S. Republican tax overhaul passed by Congress this week will allow Apple Inc to bring back its $252.3 billion foreign cash pile without a major tax hit – a long-standing company goal.
AT&T, two banks offer bonuses, pay hikes in wake of U.S. tax reform
NEW YORK (Reuters) – AT&T Inc , Wells Fargo & Co and Boeing Co were among American companies promising more pay for workers or more investment in training on Wednesday after the biggest overhaul of the U.S. tax code in 30 years.
Wall Street edges lower, pauses as tax bill clears Congress
NEW YORK (Reuters) – Wall Street’s main indexes dipped on Wednesday, pausing after recent record highs as both houses of Congress approved a long-anticipated tax overhaul.
