Thursday 20 September 2018

Stocks hit new highs as trade worries ease, dollar slips

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Stocks hit new highs as trade worries ease, dollar slips

World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less harsh than initially feared.

Google defends Gmail data sharing, gives few details on violations

Alphabet Inc's Google gave details about its policies for third-party Gmail add-ons but stopped short of fully addressing questions from U.S. senators about developers who break its email-scanning rules.

Amazon adds Echo devices for home and car in bid to dominate voice gadgets

Amazon.com Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc's Google in the nascent category for voice-controlled devices.

Wall Street rises, Dow hits new high

The Dow Jones Industrial Average hit a record closing high on Thursday, the last of Wall Street's major indexes to fully regain ground after a correction that began in January.

NAFTA talks grind on, Canada quells talk of U.S. quota on autos

Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.

Wells Fargo to cut headcount by 5-10 percent in next 3 years

Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.

Barrett Business Services, ex-CFO settle accounting fraud charges: SEC

The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former chief financial officer have agreed to settle charges of accounting fraud involving workers' compensation expenses.

Vista Global sees higher demand for Bombardier 7500 after certification

Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier's long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the aircraft.

Four General Electric power turbines shut down in U.S. due to blade issue

General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an "oxidation issue" and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower.

AT&T asks U.S. appeals court to uphold approval of Time Warner acquisition

AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department's challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.

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