Tesla fired hundreds of employees in past week

(Reuters) – Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the More...

by admin | Published 1 week ago
By admin On Saturday, October 14th, 2017
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Wall St. ends up after economic data; S&P up for a fifth week

NEW YORK (Reuters) – U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains. Data showed U.S. retail More...

By admin On Friday, October 13th, 2017
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Dollar stays low as stocks cheer latest record streak

LONDON (Reuters) – World stocks rose for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar headed for its worst week in five as investors awaited U.S. inflation More...

By admin On Thursday, October 12th, 2017
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Bond trading slump clouds JPMorgan earnings beat

(Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest More...

By admin On Wednesday, October 11th, 2017
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Delta refuses to pay tariffs on Bombardier CSeries jets

NEW YORK (Reuters) – Delta Air Lines Inc on Wednesday said the carrier would not foot the bill of a 300 percent tariff that the U.S. Commerce Department wants to impose on Canadian-built Bombardier CSeries, More...

By admin On Tuesday, October 10th, 2017
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Wal-Mart helps Wall Street to new records, but techs curb gains

(Reuters) – Wall Street hit fresh record intraday highs on Tuesday, helped by a jump in Wal-Mart and energy stocks, but the gains were limited by declines in Amazon and technology stocks. Wal-Mart (WMT.N) More...

By admin On Monday, October 9th, 2017
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Wall Street recedes from highs as quarterly reports loom

(Reuters) – Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks. The S&P healthcare More...

By admin On Sunday, October 8th, 2017
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Exclusive: Honeywell prepares to spin off businesses -sources

(Reuters) – Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, More...

By admin On Saturday, October 7th, 2017
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Fed must hike rates in face of hot U.S. labor market: Rosengren

MONTREAL (Reuters) – The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday. More...

By admin On Saturday, October 7th, 2017
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S&P 500 breaks record run on jobs data, drug chain drop

NEW YORK (Reuters) – The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon More...