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Updated: 33 min 7 sec ago

Largest U.S. banks clear first hurdle in Fed's toughest annual stress tests

Thu, 06/21/2018 - 4:56pm
WASHINGTON (Reuters) - The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.

PayPal to acquire fraud prevention company Simility for $120 million

Thu, 06/21/2018 - 4:36pm
(Reuters) - PayPal Holdings Inc has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday.

Dow drops eighth straight session on trade worry; Amazon slips

Thu, 06/21/2018 - 4:25pm
NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow slumping for an eighth straight decline as industrials wobbled again on trade war concerns while Amazon and other online retailers weakened after a U.S. Supreme Court ruling on state sales tax collection.

Wall Street declines as Amazon, Intel fall; trade worries persist

Thu, 06/21/2018 - 3:31pm
NEW YORK (Reuters) - U.S. stocks dipped on Thursday as a U.S. Supreme Court ruling on state sales tax collection pulled Amazon and other online retailers lower while industrials continued to falter on concerns over trade war concerns.

Supreme Court lets states force online retailers to collect sales tax

Thu, 06/21/2018 - 2:16pm
WASHINGTON (Reuters) - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.

Wall Street falls as drops in Amazon, Intel add to trade jitters

Thu, 06/21/2018 - 1:03pm
(Reuters) - U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.

Intel CEO resigns after probe of relationship with employee

Thu, 06/21/2018 - 12:52pm
(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.

Exclusive: Canada could make it harder for U.S. to win fighter bid - sources

Thu, 06/21/2018 - 12:40pm
OTTAWA (Reuters) - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.

Wall Street lower as drops in Amazon, Intel add to trade worries

Thu, 06/21/2018 - 12:33pm
(Reuters) - U.S. stocks fell on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.

U.S. labor market tightening; mid-Atlantic manufacturing cools

Thu, 06/21/2018 - 11:46am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.

U.S. top court lets states force online retailers to collect sales tax

Thu, 06/21/2018 - 10:55am
WASHINGTON (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding with South Dakota in its high-profile fight with e-commerce companies.

Wall Street falls as Amazon weighs, trade worries linger

Thu, 06/21/2018 - 10:41am
(Reuters) - U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.

Activist investor Land & Buildings resumes criticism of Hudson's Bay

Thu, 06/21/2018 - 10:37am
TORONTO (Reuters) - Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson's Bay Co , urging it to correct its underperformance and extract value from its substantial real estate holdings.

Trade pressures deepen as Daimler warns on sales

Thu, 06/21/2018 - 9:49am
BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.

Dow drops at open, technology stocks boost Nasdaq

Thu, 06/21/2018 - 9:44am
(Reuters) - The Dow Jones Industrial Average opened lower on Thursday, as concerns over an ongoing trade spat between the United States and China lingered, while strong results from Micron and gains in large-cap technology stocks buoyed the S&P 500 and Nasdaq.

Intel CEO resigns after probe into relationship with employee

Thu, 06/21/2018 - 9:25am
(Reuters) - Intel Corp on Thursday said Chief Executive Officer Brian Krzanich has resigned, effective immediately, after a probe revealed that a past consensual relationship with an Intel employee violated company policy.

Kroger profit beats as online investments pay off, shares soar

Thu, 06/21/2018 - 9:06am
(Reuters) - Kroger Co on Thursday raised the lower-end of its full-year earnings forecast and posted better-than-expected quarterly profit, as investments in online and delivery services paid off, sending its shares up nearly 8 percent.

U.S. jobless claims fall; mid-Atlantic manufacturing slows

Thu, 06/21/2018 - 9:04am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.

Investor Odey says Sky could be worth as much as 50 billion pounds

Thu, 06/21/2018 - 9:03am
LONDON (Reuters) - Top-20 Sky investor Crispin Odey said he expects the bidding war for the media company to carry on over the summer and that the European broadcaster could be worth as much as 50 billion pounds ($65.5 billion).

Jobless claims fall for fourth straight week

Thu, 06/21/2018 - 8:33am
The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.

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