Friday 27 April 2018

Daily Investor Update: T-Mobile, Sprint finalizing merger terms: sources

T-Mobile, Sprint finalizing merger terms: sources

(Reuters) - U.S. wireless carriers T-Mobile US Inc and Sprint Corp are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday.

Amazon boosts stocks as U.S. 10-year Treasury yields retreat

NEW YORK (Reuters) - A gauge of world stocks climbed on Friday, lifted by gains in Amazon, as U.S. Treasury yields dipped for a second straight day on global growth skepticism, but investors shrugged off news of progress on a peace deal on the Korean peninsula.

Canada stock markets shut down due to exchange issues: TMX

TORONTO (Reuters) - Canada's stock market, the world's sixth largest, abruptly shut down Friday after an unidentified outage cut market participants off from the country's main exchanges.

S&P 500 ends barely higher; Amazon a boost

NEW YORK (Reuters) - The S&P 500 and Nasdaq closed slightly higher on Friday as inflation worries and some struggling technology and energy stocks were offset by an advance in the consumer discretionary sector, led by Amazon.

Passenger sues Southwest Airlines over last week's fatal engine explosion

NEW YORK (Reuters) - A lawsuit against Southwest Airlines Co was filed by a passenger who was flying on last week's flight 1380, in which an engine exploded and a passenger was killed.

Emboldened by Trump, banks push to throw off old rule constraints

WASHINGTON (Reuters) - Emboldened by President Trump's pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or revise more than a dozen other lesser-known rules they say are outdated, costly and hurt economic growth.

Exclusive: U.S. considers tightening grip on China ties to corporate America

NEW YORK (Reuters) - The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said.

Refining margins hurt Exxon, Chevron quarterly results

HOUSTON (Reuters) - Weak refining margins hurt Exxon Mobil Corp and Chevron Corp's first-quarter profit, cutting into overall gains from rising oil prices.

American Airlines is sued by family of woman who died after flight

(Reuters) - The family of a South Carolina woman has filed a wrongful death lawsuit accusing American Airlines of refusing to make an emergency landing after she fell ill during an April 2016 flight, leading to her death from an embolism three days later.

Deutsche Bank likely to axe 1,000 U.S. investment bank jobs: source

FRANKFURT (Reuters) - Deutsche Bank is expected to cut around 1,000 jobs or 10 percent of its workforce in the United States, a person familiar with the matter said on Friday, as the German lender scales back its global investment banking ambitions.

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