(Reuters) - Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc , has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company's board, people familiar with the matter said on Friday.
NEW YORK (Reuters) - The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week.
LONDON (Reuters) - Before the financial crisis hit more than a decade ago, the easy way to test the global outlook was to apply the maxim that when the U.S. sneezes the rest of the world catches a cold.
NEW YORK (Reuters) - U.S. stocks jumped more than 1 percent on Friday, helped by Apple and other technology shares and by data that showed weaker-than-expected U.S. jobs and wage growth, while U.S. oil prices hit their highest in more than three years.
PARIS (Reuters) - Air France-KLM CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay deal, plunging the airline into turmoil amid a wave of strikes at its French brand that has cost the company 300 million euros ($359 million).
WASHINGTON (Reuters) - U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk acknowledged on Friday that it was "foolish" of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets.
WASHINGTON/BEIJING (Reuters) - The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said on Friday.
(Reuters) - Apple Inc's stock hit an all-time high on Friday after Warren Buffett's Berkshire Hathaway Inc disclosed it had bought 75 million more shares of the iPhone maker in the first three months of the year.
Tesla Chief Executive Officer Elon Musk said it was "foolish" of him to snub Wall Street analysts on a conference call after earnings on Wednesday, an erratic outburst which initially cost the electric car company billions of dollars in lost market wealth.
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