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.

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 bought an additional 75 million shares of the iPhone maker in the first three months of the year.

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.

Wall St. rallies as inflation fears ebb; Apple hits record high

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.

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.

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.

Nestle close to deal for Starbucks bagged coffee, drinks business: reports

LONDON (Reuters) - Nestle , the world's largest coffee company, is close to a deal with Starbucks Corp for the part of its business that sells bagged coffee and drinks in supermarkets, according to media reports on Friday.

Qualcomm to depose Apple services chief Eddy Cue

(Reuters) - Qualcomm Inc can depose Apple Inc's services chief Eddy Cue in addition to Chief Executive Tim Cook, a magistrate judge in the U.S. District Court for the Southern District of California ruled on Friday, part of the chipmaker's effort to determine whether Apple worked with Samsung to focus regulatory scrutiny on Qualcomm.

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.

As Trump's tariffs bite, small U.S. manufacturers begin to tap the brakes

CHICAGO (Reuters) - Encouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio.

Colgate names company veteran as chief financial officer

(Reuters) - Colgate-Palmolive Co said on Friday company veteran Dennis Hickey will step down as chief financial officer and would be succeeded by corporate controller Henning Jakobsen.

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