Mnuchin sees U.S. growth reaching 3 percent in time, tax cuts to help
BEVERLY HILLS (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes.
Trump won’t trade U.S. jobs for China’s help on North Korea: Ross
WASHINGTON (Reuters) – President Donald Trump does not intend to trade away U.S. jobs for China’s help on North Korea, U.S. Commerce Secretary Wilbur Ross said on Monday, adding that there were “constructive” talks with Beijing underway on trade issues…
UBS, BNP, RBS get subpoenas in U.S. Treasuries probe – Bloomberg
(Reuters) – U.S. federal prosecutors subpoenaed several banks last month as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, Bloomberg reported on Monday.
Apple, tech lift Wall Street as Nasdaq sets record
(Reuters) – Wall Street climbed on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq Composite to another record high.
Target slashes CEO pay package after bleak year
(Reuters) – Target Corp’s Chief Executive Brian Cornell took a sharp cut in compensation after the company failed to meet financial goals in a year marred by declines in sales and share price.
U.S. factory activity slows; inflation pressures subside
WASHINGTON (Reuters) – U.S. factory activity slowed in April while consumer spending was unchanged in March and a key inflation measure recorded its first monthly drop since 2001, but economists still expect an interest rate increase in June as the lab…
Exclusive: Blackstone’s GSO snaps up J. Crew debt in restructuring gambit
NEW YORK (Reuters) – GSO Capital Partners, private equity firm Blackstone Group LP’s credit arm, is acquiring more of J. Crew Group Inc’s debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankrup…
Dish revenue misses estimates, loses more subscribers than expected
(Reuters) – Dish Network Corp would consider various options for its wireless airwaves, its chief executive said on Monday, after the U.S. satellite TV provider reported quarterly revenue that missed analysts’ estimates as it lost more subscribers tha…
U.S. to probe Japanese, German automakers over alleged patent violations
TOKYO (Reuters) – The United States will begin an investigation into whether thermoplastic components used in some Japanese and German vehicle models sold in the country violate its patent laws, trade authorities said late last week.
Twenty-First Century Fox in talks with Blackstone to buy Tribune
NEW YORK (Reuters) – Twenty-First Century Fox Inc is in talks with Blackstone Group LP about submitting an offer to buy Tribune Media Co , one of the largest U.S. television station operators, sources familiar with the matter said on Sunday.
