Wednesday 28 February 2018

Spotify files for direct listing of up to $1 billion

Spotify files for direct listing of up to $1 billion

(Reuters) - Music streaming service Spotify filed for a direct listing of up to $1 billion with the U.S. Securities and Exchange Commission on Wednesday, becoming the first major company in the recent past to do so.

Wall Street slides late, S&P caps worst month since Jan 2016

NEW YORK (Reuters) - U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by worries over higher interest rates, and the Dow and S&P 500 capped their worst months since January 2016.

Exclusive: Bayer to win EU approval for $62.5 billion Monsanto deal

BRUSSELS (Reuters) - German drug and crop chemicals maker Bayer is set to win conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto , two people familiar with the matter said on Wednesday.

'Pharma bro' Shkreli seeks 12 to 18 month sentence, below guidelines

NEW YORK (Reuters) - Martin Shkreli, the former drug company executive convicted of defrauding investors in two hedge funds he ran, has asked a federal judge to sentence him to 12 months to 18 months in prison, much less than suggested federal guidelines.

Surge in imports helps curb U.S. fourth-quarter economic growth

WASHINGTON (Reuters) - U.S. economic growth slowed slightly more than initially thought in the fourth quarter after the strongest pace of consumer spending in three years depleted inventories and drew in imports as businesses struggled to produce enough goods and services.

Exclusive: U.S. regulators examine Wall Street's Volcker rule wish list - sources

WASHINGTON (Reuters) - U.S. regulators are considering changes to the "Volcker rule" Wall Street has sought for years that would make it easier and cheaper for banks to comply and allow them more leeway in trading and investing, according to several regulatory and industry sources.

White House expects 'frank exchange' on trade with Chinese official: source

WASHINGTON (Reuters) - Top aides to President Donald Trump look to push a tough line on trade in talks on Thursday with an envoy of Chinese President Xi Jinping, with a White House official saying a frank exchange of views was expected.

Verizon, Straight Path pay $614 million civil penalty to U.S. FCC: statement

WASHINGTON (Reuters) - Verizon Communications Inc and its Straight Path Communications Inc unit paid a $614 million civil penalty as part of a January 2017 settlement with the U.S. Federal Communications Commission, the agency said on Wednesday.

Mexico concerns about U.S. steel tariffs hang over NAFTA talks

MEXICO CITY (Reuters) - Mexico's trade minister will discuss the threat of U.S. steel import tariffs with U.S. Commerce Secretary Wilbur Ross on Wednesday, two sources said, adding to trade tensions during the latest push to renegotiate the NAFTA trade deal.

Google's shopping rivals call for action from EU antitrust watchdog

BRUSSELS (Reuters) - Google competitors have called for further action by European Union antitrust regulators to ensure the Alphabet-owned firm treats rivals offering shopping services equally.

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