Daily Investor Update: Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal - sources

Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal - sources

(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.

Wall Street closes higher as data eases inflation fears

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.

When the U.S. goes it alone, what does the rest of the world do?

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.

U.S. stocks gain 1 percent led by tech gains; oil prices jump

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.

Air France-KLM CEO to quit after staff reject pay deal

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).

U.S. job growth picks up, unemployment rate falls to 3.9 percent

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.

Tesla's Musk calls Wall Street snub 'foolish' but defends his behavior

(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.

Factbox: Musk seeks to soothe Wall Street nerves after snub

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Friday it was "foolish" of him to snub Wall Street analysts on a post-earnings conference call on Wednesday.

Trump team demands China slash U.S. trade surplus by $200 billion, cut tariffs

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.

Apple hits record high after Buffett's Berkshire increases stake

(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.

S&P brightens outlook on Kansas' rating as revenue outperforms

May 4 (Reuters) - S&P Global Ratings revised the outlook on Kansas' AA-minus credit rating to stable from negative on Friday, citing the state's stronger-than-expected revenue.

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