Oil markets wary as another tropical storm heads for Gulf of Mexico
SINGAPORE (Reuters) – Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday.
Shrinking margins cloud Costco’s profit beat, shares fall
(Reuters) – Costco Wholesale Corp’s quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading….
S&P 500 sets sixth record high close on tax overhaul optimism
NEW YORK (Reuters) – The S&P 500 posted its sixth straight record high close on Thursday, its longest run since 1997, as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution.
Caesars bankruptcy ends amid Asia market shift, Vegas shooting
CHICAGO (Reuters) – Caesars Entertainment Corp has an eye on expanding its Caesars, Harrah’s and Horseshoe brands in the United States and abroad after its casino operating unit emerges from nearly three years of bankruptcy as soon as Friday with $10 b…
Bombardier spends $2.4 billion a year on aerospace in U.S.: document
NEW YORK (Reuters) – Bombardier Inc’s aerospace business spent $2.4 billion in the United States last year, tapping more than 800 suppliers in all but three U.S. states, according to a confidential Bombardier report seen by Reuters on Thursday.
Costco’s quarterly profit, sales beat estimates
(Reuters) – Wholesale club retailer Costco Wholesale Corp reported higher-than-expected quarterly profit and revenue on Thursday, as it hiked membership fees and sold more products in the United States.
Wall Street extends record run on tax overhaul optimism, solid data
NEW YORK (Reuters) – U.S. stocks notched record closing highs again on Thursday as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution.
Wall Street climbs to records on tax plan optimism
NEW YORK (Reuters) – All three major indexes rose to record high closes again on Thursday, with optimism over a tax overhaul increasing as Congress moved closer to agreement on a budget resolution and as data added to recent signs of economic strength….
Alibaba denies Tsai in deal talks with NBA’s Brooklyn Nets
(Reuters) – Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
Panel finds U.S. washing machine makers hurt by LG, Samsung imports
WASHINGTON (Reuters) – The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties or quotas on foreign-made Samsung-…
