U.S. urges court to overturn AmEx antitrust decision
NEW YORK (Reuters) – The U.S. government on Thursday asked a federal appeals court to reconsider a recent antitrust decision allowing American Express Co to stop merchants from encouraging customers to use rival cards that charge lower fees.
From avocados to autos, Mexican businesses fear tough times with Trump
TIJUANA, Mexico/MEXICO CITY (Reuters) – From avocado orchards to border factories, Mexican exporters who have prospered under two decades of NAFTA face the prospect of an abrupt end to the boom if U.S. President-elect Donald Trump carries out his threa…
U.S. judges probe spoofing in convicted trader’s appeal
CHICAGO (Reuters) – A panel of U.S. appeals court judges sought answers on Thursday about how widespread spoofing is in U.S. financial markets and whether it represents an advancement in trading, as they considered whether to overturn the nation’s firs…
Goldman CEO Blankfein says Trump’s plans may be good for economic growth
(Reuters) – Goldman Sachs Group Inc CEO Lloyd Blankfein said the surprising U.S. election results show “democracy at work” and could bode well for the firm and its clients, in a voicemail to employees on Wednesday.
Investors, economists brace for new dangerous game: parsing Trump’s words
NEW YORK (Reuters) – Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street, and it’s Donald Trump.
Autogrill to raise prices at U.S. restaurants to protect margins
MILAN (Reuters) – Italian travel caterer Autogrill will raise prices at its restaurants in U.S. airports and motorways to offset rising labor costs and boost profitability, CEO Gianmario Tondato said on Thursday.
Trade group urges Trump to revise auto emissions rules
WASHINGTON (Reuters) – A major auto trade group on Thursday urged President-elect Donald Trump’s transition team to revise fuel efficiency mandates that could cost them billions of dollars and called for a full-scale review of the Obama administration’…
Tech stocks drop as Wall Street focuses on Trump stimulus
SAN FRANCISCO (Reuters) – Shares of Amazon.com Inc , Alphabet Inc and other technology companies sank on Thursday as Wall Street sold them to pay for infrastructure names that could benefit from potential economic stimulus spending by U.S. President-e…
Fitbit shares rise on purported takeover offer
(Reuters) – Shares of wearable device maker Fitbit Inc rose as much as 8 percent on Thursday after a previously unknown entity calling itself ABM Capital Ltd said in a regulatory filing that it had offered to buy the company for $12.50 per share.
Activist Ackman calls Chipotle relationship ‘extremely constructive’
(Reuters) – Billionaire investor William Ackman on Thursday said he has had an “extremely constructive relationship” with Chipotle Mexican Grill Inc since buying a large stake in the beleaguered burrito seller.
