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- Dow on track to snap eight-day losing streak as banks gain
Tue, 28 Mar 2017 13:01:49 -0400
(Reuters) - U.S. stocks rose on Tuesday, with the Dow Jones Industrial Average on track to snap an eight-day losing streak as financial stocks jumped on the back of strong consumer data.
- U.S. House committee approves bill to increase scrutiny of Fed
Tue, 28 Mar 2017 13:21:57 -0400
WASHINGTON (Reuters) - A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final approval.
- Consumer confidence hits 16-year high in boost to economy
Tue, 28 Mar 2017 13:26:38 -0400
WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.
- Trump to offer federal coal to industry awash in reserves
Tue, 28 Mar 2017 13:05:25 -0400
WASHINGTON (Reuters) - U.S. President Donald Trump's administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade.
- Einhorn's Greenlight Capital urges GM to create two share classes
Tue, 28 Mar 2017 12:31:33 -0400
(Reuters) - David Einhorn's hedge fund Greenlight Capital Inc urged General Motors Co to split its common stock into two classes, a proposal that was swiftly rejected by the carmaker.
- Toshiba's Westinghouse to file for U.S. bankruptcy Tuesday: sources
Tue, 28 Mar 2017 13:28:56 -0400
TOKYO (Reuters) - U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said.
- Wells Fargo failed test of community lending, bank says
Tue, 28 Mar 2017 13:23:38 -0400
WASHINGTON (Reuters) - A U.S. bank regulator has flunked Wells Fargo on a national scorecard for community lending, the lender said on Tuesday as it tries to repair its reputation after a phony-accounts scandal.
- Tesla deal boosts Chinese presence in U.S. auto tech
Tue, 28 Mar 2017 12:49:44 -0400
DETROIT (Reuters) - China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.
- Trump applauds Ford's previous planned investment in Michigan plants
Tue, 28 Mar 2017 12:59:32 -0400
DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter.
- SEC denies second application to list a Bitcoin product
Tue, 28 Mar 2017 13:23:01 -0400
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday issued an order denying a request by the NYSE Arca exchange to list and trade the SolidX Bitcoin Trust, according to an SEC regulatory filing.