U.S. cable companies’ wireless entry paves way for ‘quad’ play
NEW YORK (Reuters) – More U.S. consumers can buy their landline phone, Internet, television and mobile service from one company due to cable providers entering the wireless industry. But investors should not expect so-called quad-play bundles to be as …
U.S. fund managers seek consumer stocks that Amazon can’t conquer
NEW YORK (Reuters) – Amazon.com Inc’s game-changing move to upend the grocery business with a surprise deal to buy Whole Foods Market Inc compounds a problem already vexing fund managers: how to play U.S. consumer spending when the Seattle-based e-co…
VW’s French unit reported false delivery figures for years: Spiegel
BERLIN (Reuters) – Volkswagen’s French division reported inaccurate delivery figures to German headquarters for years to make its performance look better, Der Spiegel said on Friday, citing a report by the carmaker’s internal auditors.
Dollar posts biggest quarterly drop in nearly seven years
NEW YORK (Reuters) – The U.S. dollar recovered slightly on Friday, but posted its biggest quarterly decline against a basket of rival currencies in nearly seven years after hawkish signals from foreign central banks this week pressured the greenback fu…
Race to buy $10 billion-valued GLP narrows down to two groups: sources
SINGAPORE/HONG KONG (Reuters) – The race to buy Global Logistic Properties narrowed to between a Chinese consortium backed by the company’s management and a rival group led by Warburg Pincus, sources said, as bidders submitted offers for the $10 billi…
Asian tech supplants oil as main fuel for emerging stocks
LONDON (Reuters) – Not very long ago, a 17 percent oil price fall would have sent emerging market stocks into a tailspin. But this year they are set for their best first half since 2014.
Walgreens deal offers no lasting relief to Rite Aid
(Reuters) – A slimmed-down Rite Aid Corp could lose much of its bargaining heft with insurers and makers of branded drugs at a time when it is trying to turn around its flagging pharmacy business, analysts said.
U.S. consumer spending rises modestly, inflation cools
WASHINGTON (Reuters) – U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year.
Siemens holds up new R&D site as evidence of commitment to U.S.
FRANKFURT (Reuters) – German engineering group Siemens broke ground on a new $300 million research and development facility in Walpole, Massachusetts on Friday that it said underlined its commitment to manufacturing in the United States.
Wall Street ends bumpy week, strong first half with modest gain
(Reuters) – Major U.S. stock indexes ended a volatile week on a modestly high note on Friday, led by a surge in Nike shares, and the S&P 500 scored its biggest gain for the first half of the year since 2013 while the Nasdaq Composite’s first-half gain was its best in eight years.
