Monday 30 April 2018

Investors look to Apple's cash, services as iPhone sales seen stalling

Investors look to Apple's cash, services as iPhone sales seen stalling

Apple's multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company's quarterly earnings report on Tuesday.

U.S. argues AT&T hiding real consumer impact of Time Warner deal

WASHINGTON (Reuters) - AT&T sought to hide the high cost to consumers of its $85-billion deal to buy movie and TV producer Time Warner, the Justice Department said in its closing arguments on Monday as the United States tried to block the deal in court.

Investors look to Apple's cash, services as iPhone sales seen stalling

(Reuters) - Apple Inc's multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company's quarterly earnings report on Tuesday.

Wall Street drops as healthcare slides, oil climbs

NEW YORK (Reuters) - Wall Street fell on Monday as healthcare stocks slid and rising oil prices and a looming deadline for exemptions to U.S. steel and aluminum tariffs weighed on investor sentiment.

McDonald's serves up quarterly beat on higher global sales, U.S. spending

(Reuters) - McDonald's Corp blew past analysts' forecasts for profit and revenue on Monday, helped by higher sales in overseas markets and as U.S. customers spent more at its outlets.

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) - T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

Marathon to become top U.S. refiner with $23 billion Andeavor buy

(Reuters) - Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in the largest-ever tie-up between U.S. oil refiners, giving the combined company a nationwide presence and increased access to growing export markets.

Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - sources

NEW YORK (Reuters) - The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter.

U.S. treasury chief: 'Cautiously optimistic' on China trade talks

WASHINGTON (Reuters) - U.S. and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, U.S. Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was "cautiously optimistic" about the meeting.

Canada stock market back in business after rare shutdown

TORONTO (Reuters) - Canada's stock exchange, the world's sixth largest, was back in business on Monday after a hardware glitch abruptly ended trading on Friday and the exchange operator TMX Group said it was working to ensure there will be no repeat of the embarrassing market disruption.

Exclusive: U.S. Treasury meets business groups on Chinese investment bill - sources

WASHINGTON (Reuters) - U.S. Treasury officials are meeting with about 10 industry groups on Monday to discuss the latest draft of legislation that would tighten scrutiny of foreign investment in order to limit Chinese efforts to acquire sophisticated U.S. technology, three sources familiar with the meeting said.

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