Reuters: Business News
|Dollar, U.S. yields slide on Fed official rate talk
The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.
POSTED NOVEMBER 16, 2018 8:13 PM
|S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.
POSTED NOVEMBER 16, 2018 7:19 PM
|S&P 500 buybacks set another quarterly record: S&P Dow Jones
S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis.
POSTED NOVEMBER 16, 2018 7:19 PM
|Burke to replace Dungey as ABC Entertainment chief
Karey Burke will replace Channing Dungey as president of Walt Disney's ABC Entertainment, the company said on Friday.
POSTED NOVEMBER 16, 2018 6:36 PM
|Trump says U.S. may not impose more tariffs on China
U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.
POSTED NOVEMBER 16, 2018 6:31 PM
|Regulator 'stunned and terrified' after causing PG&E stock surge
The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes.
POSTED NOVEMBER 16, 2018 6:16 PM
|PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire
PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California.
POSTED NOVEMBER 16, 2018 5:52 PM
|Bombardier CEO meets investors as stock dives 20 percent
Bombardier Inc's top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker's shares down 20 percent, sources familiar with the matter said.
POSTED NOVEMBER 16, 2018 5:20 PM
|Gubitosi seen as favorite to become Telecom Italia CEO: sources
Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy's biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said.
POSTED NOVEMBER 16, 2018 4:57 PM
|Oil edges up in volatile session but falls for sixth straight week
Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.
POSTED NOVEMBER 16, 2018 4:56 PM