WannaCry attack is good business for cyber security firms
SAN FRANCISCO (Reuters) – For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry “ransomware” attack hobbled some of its hospital customers in Britain’s National Health Servi…
Boeing scrambles to save big Canada fighter jet deal: source
OTTAWA/SEATTLE (Reuters) – Boeing Co on Friday rushed to fix a gamble that looks to have gone wrong, with the defense unit of the U.S. plane maker seeking to fend off a Canadian threat to scrap the purchase of 18 Super Hornet jets, a source familiar wi…
U.S. regulators approve VW diesel fix for 84,000 vehicles
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency and California Air Resources Board on Friday announced approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions.
Wall St. ends off session highs after fresh Russia probe reports
NEW YORK (Reuters) – U.S. stocks rose but closed below their session highs on renewed concerns about Donald Trump’s presidency, after two new reports related to a federal investigation into possible coordination between Russia and Trump’s election cam…
Ford to invest $350 million in Livonia transmission plant in Michigan
WASHINGTON (Reuters) – Ford Motor Co said Friday it would invest $350 million to upgrade its Livonia transmission plant in Michigan as the company expands its lineup of powertrains.
St. Louis Fed’s Bullard says expected rate hikes ‘aggressive’
ST. LOUIS (Reuters) – The Fed’s expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, St. Louis Federal Reserve President James Bullard said on Friday, making the case for a continued go-slow approach…
U.S. stocks suffered $8.9 billion outflow as Trump storm built
LONDON (Reuters) – Investors ditched almost $9 billion of U.S. equities as political turmoil in Washington built up in the past week, Bank of America Merrill Lynch figures showed on Friday.
Campbell Soup misses profit, sales estimates; trims sales forecast
(Reuters) – Campbell Soup Co’s quarterly sales and profit missed analysts’ estimates, hurt by higher promotions and weak demand for its condensed soups, broths and V8 vegetable juices, and the company warned that its full-year sales could decline.
SoftBank boss follows Trump to Saudi to launch $100 billion fund
TOKYO (Reuters) – Some six months after his visit to Donald Trump’s Manhattan mansion cheered investors, Masayoshi Son, Japan’s richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since takin…
Bain, KKR, Broadcom among suitors lining up for Toshiba’s chips business
TOKYO (Reuters) – Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp’s semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday.
