Wall St. ends up after jobs report; S&P down for second week
(Reuters) – U.S. stocks rebounded from early losses to close higher on Friday as investors viewed the day’s jobs data as less disappointing than first thought.
Fiat Chrysler CEO: Unclear who owns self-driving cars’ data
WINDSOR, Ont. (Reuters) – Fiat Chrysler Automobiles and Alphabet Inc’s Google have yet to determine who would own data collected in their collaboration on self-driving vehicles, FCA Chief Executive Sergio Marchionne said Friday.
Exclusive: Apple’s Tim Cook to visit China for government meetings – source
BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter…
Smallest U.S. job gains in seven months temper rate hike expectations
WASHINGTON (Reuters) – The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force, signs of weakness that left some economists anticipating only one interest rate hike from the Federal Reserve…
FCC confirms approval of Charter, Time Warner Cable merger
WASHINGTON (Reuters) – The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks.
Traders on edge as Staples-Office Depot deal decision looms
NEW YORK (Reuters) – Options traders are bracing for wild gyrations in the shares of Staples Inc and Office Depot Inc as the companies await a ruling that could scuttle their pending merger.
Job market slowdown, rising wages may fit Fed’s playbook
WASHINGTON (Reuters) – A slowdown in U.S. hiring coupled with a jump in wages last month dovetails with what the Federal Reserve expected as the economy approaches full employment and is not likely to alter its interest rate hike trajectory.
Activist investor TCI tells VW to overhaul board pay, operations
LONDON (Reuters) – Activist investor TCI upped the pressure on loss-making German carmaker Volkswagen (VW) on Friday, demanding it overhaul its “excessive” executive pay scheme as part of a plan to boost profits and end years of “mismanagement.”
Fiat Chrysler CEO says new Ram pickup to begin sales by January 2018
WINDSOR, Ont. (Reuters) – Fiat Chrysler Automobiles Chief Executive Officer Sergio Marchionne said the company’s next-generation Ram pickup truck will go on sale by January 2018.
Bitcoin has a governance problem, no matter who created it
LONDON (Reuters) – As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency’s lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve t…
