Wall St. slips as tech, financial stocks weigh
(Reuters) – Wall Street’s main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.
GE shares rise after CEO Flannery buys stock
(Reuters) – Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate’s stock.
S&P, Dow open lower as health, tech stocks weigh
(Reuters) – The Dow and the S&P 500 opened lower on Friday, led by losses in healthcare and technology stocks.
Sports retail stocks jump after upbeat earnings
(Reuters) – Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.
Broadcom completes Brocade acquisition
(Reuters) – Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc.
Sports retail stocks jump after upbeat reports
(Reuters) – Shares of sports retailers soared on Friday after Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc reported better-than-expected quarterly profits.
Fox shares jump on signs of more takeover interest
(Reuters) – Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations.
Volkswagen to spend over $40 billion on electric and self-driving cars
WOLFSBURG, Germany (Reuters) – Volkswagen’s leaders on Friday approved a five-year spending plan that aims to further the German automaker’s goal of transforming itself into a leading force in electric cars.
Tesla’s unfettered ambition to strain finances but investors unfazed
(Reuters) – Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.
U.S. probes 415,000 Volkswagen vehicles for air bag problems
(Reuters) – The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.
