Friday 18 May 2018

S&P 500 falls as trade worries weigh; banks, chip stocks drop

S&P 500 falls as trade worries weigh; banks, chip stocks drop

NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks.

Campbell Soup CEO quits; company cuts forecast, to review portfolio

(Reuters) - Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands.

Big Ag turns to peas to meet soaring global protein demand

(Reuters) - Cargill, the global grains trader, sees the future of protein in the humble pea.

Sanctioned Russian oligarch Vekselberg cuts Swiss stakes

ZURICH (Reuters) - Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday.

U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

WASHINGTON (Reuters) - The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.

Trump urged U.S. Postal Service to double package rates for Amazon: Washington Post

WASHINGTON (Reuters) - President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.

Wall Street's 'Sell in May' could be fading away

NEW YORK (Reuters) - "Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years.

Boeing's foldable wingtip for new 777s gets approval

(Reuters) - Boeing Co on Friday won approval from the U.S. regulator Federal Aviation Administration for the company's new foldable wingtips for its latest 777 jets.

U.S., China talks focus on cutting trade deficit, China denies $200 billion target

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said on Friday he was determined to stop China from "taking our jobs, taking our money" as U.S. and Chinese negotiators met for a second day to try to avert a tariff war and find ways to boost U.S. exports to China.

Fiat Chrysler shares fall on latest diesel emissions allegations

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions.

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