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- Consumers, businesses likely spurred U.S. economic pickup in second quarter
Fri, 28 Jul 2017 02:09:50 -0400
WASHINGTON (Reuters) - The U.S. economy likely accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, which would confirm that the sluggish performance early in the year was temporary.
- Asian shares pull back after U.S. techs knocked off highs
Thu, 27 Jul 2017 23:09:08 -0400
TOKYO (Reuters) - Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism about U.S. corporate earnings and the global economy underpinned overall sentiment.
- Amazon plows ahead with high sales and spending; profit plunges
Fri, 28 Jul 2017 00:53:59 -0400
(Reuters) - Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.
- Value of U.S. deals in China sinks on rising trade tensions
Fri, 28 Jul 2017 01:16:08 -0400
HONG KONG (Reuters) - U.S. corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year, as trade tensions between the two countries and uncertainty about Chinese government regulations took a toll on deal making.
- In Puerto Rico bankruptcy, mutual funds compete with themselves
Fri, 28 Jul 2017 01:06:26 -0400
(Reuters) - U.S. mutual funds that held onto Puerto Rican debt as its economy crept toward collapse could get drawn into battles that pit their own investors against each other, as the island navigates the biggest government bankruptcy in U.S. history.
- U.S. coal exports soar, in boost to Trump energy agenda, data shows
Fri, 28 Jul 2017 00:14:50 -0400
WASHINGTON/LONDON (Reuters) - U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working.
- Wells Fargo to refund $80 million to customers hit by car loan insurance
Fri, 28 Jul 2017 00:49:17 -0400
(Reuters) - Wells Fargo and Co said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance (CPI) policies.
- GM Cadillac chief outlines plan for fewer sedans, more electrics
Fri, 28 Jul 2017 01:59:43 -0400
DETROIT (Reuters) - The head of General Motors Co's Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts.
- Digital currency start-ups shrug off SEC warning on fund raising
Fri, 28 Jul 2017 00:08:21 -0400
NEW YORK (Reuters) - Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator's decision that their offerings may be subject to tough securities laws.
- Flush times for hackers in booming cyber security job market
Thu, 27 Jul 2017 20:07:49 -0400
LAS VEGAS (Reuters) - The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security.