Martin Sorrell quits as head of world's biggest ad group WPP

LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit on Saturday after an allegation of personal misconduct. FILE PHOTO: Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, More...

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By admin On Saturday, April 14th, 2018
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Wall Street eyes earnings stabilizer after FAANG stocks wobble

(Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused More...

By admin On Friday, April 13th, 2018
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Trump says U.S. will only rejoin Pacific trade pact if terms are improved

WASHINGTON/TOKYO (Reuters) – U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it More...

By admin On Thursday, April 12th, 2018
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Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources

DETROIT/BEIJING (Reuters) – Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s More...

By admin On Wednesday, April 11th, 2018
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Facebook CEO says his own data was shared by Cambridge Analytica

WASHINGTON/SAN FRANCISCO (Reuters) – Chief Executive Mark Zuckerberg on Wednesday told lawmakers that he was among the 87 million or so Facebook Inc users whose data was improperly shared with political consultancy More...

By admin On Tuesday, April 10th, 2018
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Facebook CEO Zuckerberg starts testifying in Senate hearing

WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg started testifying before Congress on Tuesday as he looks to fend off the possibility of new regulations as a result of the More...

By admin On Monday, April 9th, 2018
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Zuckerberg ditches T-shirt, apologizes for Facebook mistakes

WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s More...

By admin On Sunday, April 8th, 2018
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Asia stocks hold nerve as S&P futures bounce

SYDNEY (Reuters) – Asian shares started flat on Monday as U.S. President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech More...

By admin On Saturday, April 7th, 2018
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Fed's Evans says he's optimistic on inflation, wants rate hikes

CHICAGO (Reuters) – Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and More...

By admin On Saturday, April 7th, 2018
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Panic! Don't panic! Navigating the trade talk proves dicey

NEW YORK (Reuters) – “Don’t overreact,” President Donald Trump’s chief economic adviser told investors on Wednesday, when U.S. stocks were deep in the red over worries about the administration’s More...