Tuesday 8 May 2018

Wall Street erases losses after Trump quits Iran deal

Wall Street erases losses after Trump quits Iran deal

(Reuters) - Wall Street cut losses to end little changed on Tuesday while energy stocks rallied after U.S. President Donald Trump said the United States would quit the Iran nuclear deal, confirming what many investors had expected.

Parks, 'Black Panther' propel Disney earnings past TV decline

(Reuters) - Walt Disney Co beat Wall Street forecasts for quarterly profit as strong performances from theme parks and the film studio offset pressure on the company's television business from audience shifts to digital viewing.

U.S. urges judge to force AT&T to scrap deal or sell DirecTV or Turner

WASHINGTON (Reuters) - In its final push, the U.S. Justice Department has urged a federal judge to stop AT&T Inc , which owns biggest pay TV provider DirecTV, from buying movie and TV show maker Time Warner Inc , or at least cut a big chunk out of the proposed $85 billion transaction.

U.S. FCC chairman meets Sprint, T-Mobile CEOs on merger

WASHINGTON (Reuters) - Federal Communications Commission chairman Ajit Pai met Tuesday with the chief executives of Sprint Corp and rival T-Mobile US Inc who are seeking approval for a $26 billion merger, a spokesman for Pai said.

Weinstein Co sale approved; funds for abuse claims unclear

WILMINGTON, Del (Reuters) - An affiliate of Lantern Capital received approval from a U.S. bankruptcy judge on Tuesday to buy the assets of the Weinstein Co, but the price may leave little for those who alleged sexual harassment by founder Harvey Weinstein.

Google's updated virtual assistant can book appointments

MOUNTAIN VIEW, Calif.(Reuters) - Alphabet Inc's Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user's behalf.

U.S. to reveal winners of drone program that has attracted top companies

(Reuters) - Major technology and aerospace companies including Amazon.com Inc , Apple Inc , Intel Corp , Qualcomm Inc and Airbus SE are vying to take part in a new slate of drone tests the United States is set to announce on Wednesday, people familiar with the matter told Reuters.

Slack adds 1 million paying users amid increasing competition

SEATTLE (Reuters) - Slack Technologies Inc on Tuesday announced it has added another 1 million paid users as the company begins to face increased competition in the workplace collaboration software market.

Boeing to consult U.S. after Trump move puts Iran jet deal in jeopardy

WASHINGTON (Reuters) - Boeing Co said on Tuesday it will consult with the U.S. on "next steps" after President Donald Trump's decision to withdraw from a 2015 agreement designed to deny Iran the ability to build nuclear weapons, put a $17 billion deal to sell jets to Iran in jeopardy.

MetLife to provide pension benefits to 41,000 FedEx retirees through annuity

(Reuters) - MetLife Inc has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp retirees and beneficiaries, through a group annuity, the insurer said on Tuesday.

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