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Wall St. struggles to shake off trade war fears, tech gloom

Business RSS - 1 hour 5 min ago
(Reuters) - Wall Street on Friday struggled to shake off fears of a global trade war after the United States moved to slap tariffs on China and as technology stocks took another hit with Micron's results weighing on chipmakers, though oil prices gave some succor.

Qualcomm narrowly re-elects 10 directors to board: source

Business RSS - 1 hour 13 min ago
(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the mobile chipmaker's board, with some directors elected with more than 50 percent of the vote while the rest received support in the 40-percent range, according to a source familiar with the preliminary results of the shareholder votes.

Canada calls end to trade case positive for 'longstanding' Boeing ties

Business RSS - 1 hour 15 min ago
MONTREAL, OTTAWA (Reuters) - Canada on Friday welcomed as a "positive development" in its long ties with Boeing a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier CSeries jets in the United States.

Spotify says about two million users blocked ads without paying

Business RSS - 1 hour 20 min ago
(Reuters) - Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company.

Musk Takes Down the Tesla and SpaceX Facebook Pages - Bloomberg

Google RSS - 1 hour 34 min ago


Musk Takes Down the Tesla and SpaceX Facebook Pages
The chief executive officer of Tesla Inc. and Space Exploration Technologies Corp. tweeted Friday that he wasn't aware there was a Facebook page for his rocket company. After being asked by a Twitter user to delete it, he responded “will do.” Musk ...
Tesla and SpaceX vanish from Facebook as Elon Musk seems to take a stand on #DeleteFacebookBusiness Insider
Elon Musk Deletes Facebook Pages for SpaceX and TeslaGizmodo
Elon Musk deletes Facebook accounts for Tesla and SpaceXCNNMoney
The Verge -CNET -Reuters -CNBC
all 82 news articles »

Success for Uber’s direct loan despite driverless fatality

Business RSS - 1 hour 49 min ago
NEW YORK (LPC) - Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional approach to raising the loan and succeeding despite news that one of the company’s self-driving cars had killed a pedestrian.

U.S. lawmakers formally ask Facebook CEO to testify on user data

Business RSS - 1 hour 49 min ago
WASHINGTON (Reuters) - U.S. lawmakers on Friday formally asked Facebook Inc's Mark Zuckerberg to explain at a Washington hearing how 50 million users' data got into the hands of political consultancy Cambridge Analytica.

Bank of America pays $42 million fine in New York 'masking' probe

Business RSS - 1 hour 57 min ago
NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.

Qualcomm re-elects 10 existing directors to board at annual meeting

Business RSS - 2 hours 9 min ago
(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the company's board at the mobile chipmaker's annual meeting.

Nike, energy stock help Wall St steady, but chip stocks weigh

Business RSS - 3 hours 2 min ago
(Reuters) - Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check.

Dropbox shares surge in biggest tech debut since Snap

Business RSS - 3 hours 8 min ago
(Reuters) - Dropbox Inc's shares soared around 40 percent in their market debut on Friday as investors rushed to buy into the biggest tech IPO in more than a year.

Bank of America pays record $42 million penalty over masking stock trades

Business RSS - 3 hours 9 min ago
(Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York state that it fraudulently routed millions of client orders to trade stocks to outside firms, including a firm once run by Bernard Madoff.

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

Business RSS - 3 hours 26 min ago
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank's lackluster performance in 2017.

Blockbuster founder Wayne Huizenga has died - CNNMoney

Google RSS - 3 hours 47 min ago


Blockbuster founder Wayne Huizenga has died
Blockbuster founder Wayne Huizenga has died. He was the only entrepreneur to create three different Fortune 500 companies during his career -- Blockbuster video, Waste Management and AutoNation. At one time, Huizenga, 80, had owned three sports teams ...
Entrepreneur and sports magnate H. Wayne Huizenga dies at 80South Florida Business Journal
Wayne Huizenga, founding owner of Florida Panthers, dies at 80NBCSports.com
H. Wayne Huizenga, South Florida business titan, dead at 80 - Sun SentinelSun Sentinel

all 60 news articles »

Goldman raises CEO Blankfein's pay by 9 percent

Business RSS - 4 hours 1 min ago
(Reuters) - Goldman Sachs Group Inc said on Friday Chief Executive Lloyd Blankfein's total compensation was about $22 million in 2017, compared with 20.2 million a year earlier.

Nike lifts S&P and Dow, chip stocks weigh on Nasdaq

Business RSS - 4 hours 19 min ago
(Reuters) - The S&P 500 and the Dow were lifted by gains in Nike on Friday, but the tech-heavy Nasdaq was weighed down by losses in chip stocks led by Micron Technology.

U.S. House panel formally asks Facebook CEO to testify on user data

Business RSS - 4 hours 23 min ago
WASHINGTON (Reuters) - The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc chief executive Mark Zuckerberg detailing new concerns about the social media company's use of data and formally requesting that he testify at a future hearing.

China's Tencent loses $51 billion in market value in two days

Business RSS - 4 hours 26 min ago
HONG KONG (Reuters) - Tencent Holdings Ltd's shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd , lowered its stake for the first time in 17 years.

US New-Home Sales Fell 0.6 Percent in February - U.S. News & World Report

Google RSS - 4 hours 37 min ago

U.S. News & World Report

US New-Home Sales Fell 0.6 Percent in February
U.S. News & World Report
FILE- This Feb. 26, 2018, photo shows a new home are for sale in Mahwah, N.J. On Friday, March 23, the Commerce Department reports on sales of new homes in February. (AP Photo/Seth Wenig, File) The Associated Press. By JOSH BOAK, AP Economics Writer ...
US new-home sales dipped in February, but demand is solidABC News

all 14 news articles »

End to Boeing trade case good news for aerospace: Bombardier

Business RSS - 5 hours 32 sec ago
MONTREAL (Reuters) - Boeing Co's decision to end its trade case over the sale of Bombardier CSeries jets to U.S. carriers is good news for the aerospace industry and the public, the Canadian plane and train maker said on Friday.


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