Asia shares firm to near ten-year high ahead of U.S. data, China Congress
TOKYO (Reuters) – Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of U.S. and Chinese economic data as well as the Chinese Communist Party c…
Samsung Electronics on track for record third quarter as chips soar
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened margins.
Republicans eye alternatives for getting to 20 percent corporate tax rate
WASHINGTON (Reuters) – Republican lawmakers are considering indirect paths to meeting President Donald Trump’s goal of slashing the corporate tax rate to 20 percent, one of the toughest challenges they face in trying to overhaul the U.S. tax code.
Standard Chartered chairman urges U.S. to preserve bank resolution regime
WASHINGTON (Reuters) – The chairman of British bank Standard Chartered [STANB.UL] called on U.S. policymakers to preserve a key post-crisis power that allows bank regulators to wind down a failing lender, even as the Trump administration looks to slash…
Disney to cut about 200 jobs at its TV networks: source
(Reuters) – Walt Disney Co plans to cut about 200 jobs at unit ABC and other cable networks, according to a source familiar with the matter.
Canada union, GM spar as automaker cuts U.S. plant output
TORONTO (Reuters) – The union leading a month-long strike at a General Motors Co auto plant in Ontario is refusing to make concessions after GM threatened to move production to Mexico, a move that could cost thousands of Canadian jobs.
Tesla to recall 11,000 Model X SUVs due to seat issue
(Reuters) – Electric carmaker Tesla Inc is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash.
Wall Street slips as banks fall after results, AT&T sinks
NEW YORK (Reuters) – U.S. stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup.
FCC head silent on Trump comment about pulling broadcast licenses
WASHINGTON (Reuters) – A suggestion by President Donald Trump that a U.S. regulator pull broadcast licenses from TV networks over what Trump calls “fake news” has been met by silence from the watchdog’s head Ajit Pai, who has a history of defending fre…
Wall St. falls as banks weigh; AT&T slumps
NEW YORK (Reuters) – U.S. stocks edged lower on Thursday as bank shares fell following quarterly results from JPMorgan and Citigroup, while AT&T tumbled 6 percent after it said it lost subscribers in the last quarter.
