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- Apple files $1 billion lawsuit against chip supplier Qualcomm
Fri, 20 Jan 2017 22:57:43 -0500
(Reuters) - Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.
- Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power
Fri, 20 Jan 2017 19:28:51 -0500
SAN FRANCISCO (Reuters) - U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.
- U.S. bankers tell Europeans to think positively on Trump
Fri, 20 Jan 2017 08:40:13 -0500
DAVOS, Switzerland (Reuters) - U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump.
- U.S. department stores steady profitability boat even as sales slide
Fri, 20 Jan 2017 16:14:06 -0500
CHICAGO (Reuters) - U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
- Morgan Stanley, Citi plan Brexit job moves: sources
Fri, 20 Jan 2017 14:00:20 -0500
LONDON/FRANKFURT (Reuters) - U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.
- U.S. bankruptcy court judge OKs $425 million for Avaya loan
Fri, 20 Jan 2017 17:29:24 -0500
NEW YORK (Reuters) - A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations.
- Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 million
Fri, 20 Jan 2017 17:09:10 -0500
(Reuters) - Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target.
- TrailStone buys Cargill's power and gas group: sources
Fri, 20 Jan 2017 16:39:10 -0500
HOUSTON (Reuters) - Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week.
- Investment Focus: History suggests Trump month will be stocks down, dollar up
Fri, 20 Jan 2017 20:29:11 -0500
LONDON (Reuters) - For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar.
- Wall Street ends higher as Trump becomes president
Fri, 20 Jan 2017 19:20:25 -0500
NEW YORK (Reuters) - U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office.