Thursday 29 March 2018

Daily Investor Update: VW storing around 300,000 diesels at 37 facilities around U.S.

VW storing around 300,000 diesels at 37 facilities around U.S.

(Reuters) - Volkswagen has taken parking lots to a whole new level in the United States - and will not be emptying them soon.

Ford CEO Jim Hackett earned $16.3 million in 2017

DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while adjusted pretax profit for the automaker dropped $1.9 billion from 2016, the company said on Thursday.

Melrose wins UK engineer GKN with $11 billion hostile bid

LONDON (Reuters) - Melrose Industries has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN , winning an acrimonious three-month battle for control of the FTSE 100 company.

Facebook begins 'fact-checking' photos and videos

SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it had begun "fact-checking" photos and videos to reduce the hoaxes and false news stories that have plagued the world's largest social media network.

Twelve percent of cable customers would switch if Turner went dark, court hears

(Reuters) - Twelve percent of subscribers would quit their cable or satellite companies if Time Warner Inc's Turner networks were no longer available, a Massachusetts Institute of Technology marketing professor said on Thursday.

Trump escalates attack on Amazon, focusing on tax, shipping

WASHINGTON (Reuters) - U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take.

Fed official pushes back on calls for more congressional oversight

NEW YORK (Reuters) - A Federal Reserve policymaker pushed back on calls from two U.S. senators for the nominee to a high-profile job at the Fed to testify before Congress, saying such a rule could hurt the central bank's independence from political pressure.

FirstEnergy seeks emergency lifeline for U.S. nuclear, coal plants

NEW YORK/WASHINGTON (Reuters) - U.S. power company FirstEnergy Corp urged the federal government on Thursday to evoke little-used emergency powers to help it keep several struggling nuclear and coal-fired power plants open, a move critics blasted as an attempt at a corporate bailout.

U.S. stocks jump in upbeat end to tumultuous quarter

NEW YORK (Reuters) - Wall Street jumped on Thursday, and was on track to end a holiday-shortened and tumultuous week in positive territory as investors returned to technology stocks.

Facebook begins 'fact-checking' photos and videos

SAN FRANCISCO, March 29 (Reuters) - Facebook Inc said on Thursday it had begun "fact-checking" photos and videos to reduce the hoaxes and false news stories that have plagued the world's largest social media network.

FOREX-Dollar flat as rally fizzles ahead of Easter weekend

* Fifth straight quarterly decline of dollar index * Euro steady after strong German jobs data (Updates market action) By Saqib Iqbal Ahmed NEW YORK, March 29 (Reuters) - The dollar was little changed against a basket of currencies on Thursday, as its rebound from a five-week low, touched earlier this week, ran out of steam amid subdued trading activity ahead of the long Easter weekend in many of the world's largest trading centers. The dollar index, which measures the gree

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