Investors eye data as stocks approach records
(Reuters) – Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.
SEC to allow shareholder vote on Wal-Mart independent chairman
(Reuters) – Wal-Mart Stores Inc shareholders will vote in June at the company’s annual meeting on electing an independent board chairman, after U.S. regulators rejected a request by the retailer to block the proposal.
SEC to allow vote on Wal-Mart independent chairman shareholder proposal
(Reuters) – Wal-Mart Stores Inc failed to block a vote on a shareholder resolution calling for an independent board chairman, allowing it to return to the ballot for the third straight year at its annual shareholder meeting in June.
FAA plans new steps to speed up commercial drone use: sources
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration plans to unveil new steps soon to make it easier for companies to use drone aircraft for specific business operations, according to people with knowledge of the matter.
After Target wage hike, labor groups turn to drugstore chains
CHICAGO (Reuters) – Some labor groups looking to broaden their push for minimum wage hikes after success at big U.S. retailers including Target Corp, are preparing to take on drugstore chains.
Wall St. rises on Nike, lower dollar; Nasdaq hits 15-year high
(Reuters) – U.S. stocks rose on Friday, pushing the Nasdaq to a 15-year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains.
Bank of America must face Chicago-area predatory lending lawsuit
(Reuters) – A federal judge rejected Bank of America Corp’s request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages.
Luxury brands hedge their bets with smartwatches
PARIS (Reuters) – The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat are more a way to hedge their bets in case the smartwatch market takes off than a strategic U-turn.
U.S. sets first major fracking rules on federal lands
WASHINGTON (Reuters) – The Obama administration’s new rules governing fracking on federal lands drew swift criticism from all sides on Friday, with green groups calling the measures “toothless” and the energy industry slamming “unnecessary” regulation …
Herbalife not exonerated by U.S. judge: Pershing Square
(Reuters) – The hedge fund firm run by activist investor William Ackman said on Friday a federal judge’s recent dismissal of a shareholder lawsuit against Herbalife Ltd did not “exonerate or bless” its business practices.
