World stocks pause near record highs
LONDON (Reuters) – Concern about global trade and U.S. President Donald Trump’s “America First” policies kept appetite for risky assets in check on Friday, setting world stocks on the path to a sluggish end to what will still be their fifth straight mo…
Wells Fargo overhauls lawmaking and policy arm
(Reuters) – Wells Fargo & Co is making several changes to its government relations and public policy unit in what its new leader said was a response to its steady growth since the financial crisis.
Berkshire’s Duracell sues over gray market battery imports
(Reuters) – Duracell, a unit of Warren Buffett’s Berkshire Hathaway Inc , on Thursday filed a lawsuit accusing a Missouri wholesaler of illegally selling gray market versions of its copper-top alkaline batteries.
Third Point likes opportunities in Europe: letter
NEW YORK (Reuters) – Hedge fund manager Daniel Loeb told investors on Thursday that his $16 billion hedge fund Third Point saw more opportunities in Europe and was positioned to absorb a modest sell-off in U.S. stocks.
Boeing seeks U.S. anti-dumping probe against Bombardier jet
WASHINGTON/NEW YORK (Reuters) – Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier’s new CSeries airplane, adding to growing trade tensions between the United …
Uber’s Levandowski to take smaller role in self-driving during Waymo lawsuit
(Reuters) – The head of Uber Technologies Inc’s self-driving vehicles unit, Anthony Levandowski, will step aside from some of his duties until a lawsuit against Uber in which he is accused of stealing trade secrets is resolved, Uber said on Thursday.
Starbucks quarterly revenue falls short, stock falls
LOS ANGELES (Reuters) – Starbucks Corp reported quarterly sales that just missed Wall Street’s expectations, hurt by a slight cooling in spending growth by customers in its core U.S. market, sending shares down 4.4 percent in extended trading on Thurs…
Google parent Alphabet’s profit up 29 percent on strong ad sales
(Reuters) – Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.
Microsoft Surface sales sink, shares dip
(Reuters) – Microsoft Corp slightly missed Wall Street’s average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.
Amazon revenue soars as cloud, retail businesses dominate
(Reuters) – Amazon.com Inc’s retail and cloud-computing sales rose in the first quarter, inching above Wall Street’s expectations and sending the company’s shares to an all-time high in extended trading.
