Wall St. ekes out gains as trade optimism pressured by defensive stocks

NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China trade tensions. The S&P 500 .SPX pared its gains after hitting a roughly two-month high More...

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By admin On Sunday, May 13th, 2018
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Xerox says it is ending Fujifilm deal, settles with Icahn, Deason

NEW YORK (Reuters) – Xerox Corp (XRX.N) said on Sunday it was ending a planned $ 6.1 billion deal with Fujifilm Holdings Corp (4901.T) and had reached a settlement with activist investors Carl Icahn and Darwin More...

By admin On Saturday, May 12th, 2018
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Conoco authorized to seize $636 million in Venezuela PDVSA assets

WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $ 636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization More...

By admin On Saturday, May 12th, 2018
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Apple is almost a $1 trillion company, but watch out for Amazon

SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $ 1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started More...

By admin On Friday, May 11th, 2018
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Oil near multi-year highs as Iran sanctions tighten supply outlook

LONDON (Reuters) – Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only More...

By admin On Thursday, May 10th, 2018
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Wall St set for gains after soft inflation data

(Reuters) – Wall Street was set to open higher on Thursday after a weaker-than-expected rise in U.S. consumer prices in April cooled fears of rising inflation. FILE PHOTO: People walk on Wall Street More...

By admin On Wednesday, May 9th, 2018
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Wall Street higher as energy stocks gain on oil rally

(Reuters) – Wall Street was higher on Wednesday, with energy shares getting a boost from a surge in oil prices after President Donald Trump pulled the United States out of a nuclear deal with Iran. Traders More...

By admin On Tuesday, May 8th, 2018
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Wall Street down after Trump quits Iran deal

(Reuters) – Wall Street remained down on Tuesday while energy stocks cut earlier losses after U.S. President Donald Trump said the United States would quit the Iran nuclear deal, confirming what many investors More...

By admin On Monday, May 7th, 2018
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Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources

(Reuters) – Comcast Corp is speaking to investment banks about obtaining bridge financing for an all-cash bid to displace Walt Disney Co on its $ 52 billion deal to acquire most of Twenty-First Century Fox More...

By admin On Sunday, May 6th, 2018
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Asia shares lag Wall Street amid dollar strength

SYDNEY (Reuters) – Asian shares crept higher on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline More...