Friday 27 April 2018

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

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.

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.

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.

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.

Prime hike gives Amazon warchest for fight over postal costs

(Reuters) - Amazon.com Inc's 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any "rational" hike in United States Postal Service delivery fees, Wall Street analysts said on Friday.

Passenger sues Southwest Airlines over fatal engine explosion

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

Canada stock market to reopen Monday after outage: TMX

TORONTO (Reuters) - Canada's stock market, the world's sixth largest, abruptly shut down on Friday after an outage but will resume trading Monday after "internal technical issues", the exchange operator 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.

Better battery packaging on planes overlooks other safety concerns: airlines

MONTREAL/SINGAPORE (Reuters) - New global packaging standards expected in late 2018 will allow lithium-ion batteries back into passenger plane cargo holds, pending design and regulatory approval, but some airlines say the new rule overlooks other safety concerns.

WPP digital boss Read prepares to step into Sorrell's shoes for first quarter results

LONDON (Reuters) - WPP's digital boss Mark Read will get the chance to stake his claim to the top job at the world's biggest advertising company when he helps to present its first set of results without founder Martin Sorrell on Monday.

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