Dow tops 20,000 on revitalized Trump trade, earnings
(Reuters) – U.S. stocks climbed on Wednesday and the Dow Jones Industrial Average closed atop the 20,000 mark for the first time as solid earnings and optimism over President Donald Trump’s pro-growth initiatives revitalized a post-election rally.
BT Group faces U.S. lawsuits as Italian accounting scandal deepens
NEW YORK (Reuters) – BT Group Plc was hit on Wednesday with at least two shareholder lawsuits in the United States, after one-fifth of the telecommunications company’s market value was wiped out in a single day amid a growing accounting scandal in Ital…
Chipmaker Qualcomm’s revenue rises 3.9 percent amid legal challenges
(Reuters) – Qualcomm Inc reported a 3.9 percent rise in quarterly revenue, boosted by strong demand for its chips used in smartphones, at a time when the company is facing multiple legal challenges over its alleged “anticompetitive” tactics.
Democratic senators want AT&T to detail Time Warner deal benefits
WASHINGTON (Reuters) – Thirteen Democratic senators on Wednesday asked AT&T Inc to explain how its planned $85.4 billion takeover of Time Warner Inc is in the public interest, as the company hopes to avoid a review of the deal by the primary U.S. telecommunications agency.
Generali finance chief to leave, takeover talk mounts
MILAN (Reuters) – Italy’s Assicurazioni Generali said on Wednesday its chief financial officer Alberto Minali would be leaving at the end of the month, at a time of uncertainty for the country’s biggest insurer.
RBS to take another multi-billion pound charge for mis-selling: Sky
(Reuters) – Royal Bank of Scotland Group Plc (RBS) will announce within days that it is taking another multi-billion pound charge for mis-selling mortgage-backed securities, Sky News reported on Wednesday. http://bit.ly/2jStQWD
Buffett’s BNSF cuts ethanol shipper costs amid push for safer train cars
NEW YORK (Reuters) – BNSF Railway Co will start offering discounts to ethanol shippers this April if they agree to use new, safer train cars, as it pushes to scrub puncture-prone ones from its rail lines at a faster pace than required by U.S. regulatio…
AppDynamics deal shows buyouts more lucrative in anemic IPO market
(Reuters) – Cisco Systems Inc’s surprise and costly acquisition of business software firm AppDynamics Inc just two days ahead of its market debut suggests that U.S. tech startups are finding more value in buyouts amid a still-tepid IPO market.
Starbucks nominates Microsoft CEO Nadella to its board
(Reuters) – Starbucks Corp nominated Microsoft Corp Chief Executive Satya Nadella to its board at a time when the company is increasingly focusing on technology to drive sales.
Dow pops 20,000 and raises hopes rally is recharging
NEW YORK (Reuters) – The Dow Jones Industrial Average index’s pop over 20,000 on Wednesday crowns a frenetic post-U.S. election rally that featured the second fastest-ever climb between 1,000-point milestones in the Dow’s 120-year history.
