Wall St gains, progress in Trump’s tax plan lifts hopes
(Reuters) – U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax-cut plan may move forward.
Top oilfield services firms signal fourth-quarter uncertainty
(Reuters) – The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market c…
Airbus sees CSeries jets grabbing major global market share: CEO
MONTREAL (Reuters) – Airbus SE expects to sell “thousands” of Bombardier Inc’s new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.
Fed’s Mester calls for balance on bank regulation rethink
NEW YORK (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation acr…
Wall Street up as progress in Trump’s tax plan lifts hopes
(Reuters) – U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump’s tax-cut plan would make further headway after the Senate passed a budget resolution.
Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care
(Reuters) – Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.
Apple hit with trademark lawsuit over iPhone X ‘animoji’ feature
NEW YORK (Reuters) – A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term “animoji”, alleging the U.S. technology company stole the name to use on a feature of its iPhone X.
Gillette weakens P&G report after Peltz row
(Reuters) – Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz’s move to muscle onto the board.
BMW raided in cartel investigation as Daimler claims immunity
MUNICH/BRUSSELS (Reuters) – BMW’s headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines.
Tech, bank stocks lift Wall Street; tax-cut plan back in focus
(Reuters) – Technology and bank stocks lifted Wall Street on Friday and investor optimism received a fresh boost from Washington, where the Trump administration inched a step closer to implementing tax-cut plan.
