Friday 12 October 2018

New communication sector's shine could soon wear off

Reuters.com Newsletter

New communication sector's shine could soon wear off

The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index as its highest fliers face regulatory threats and challenges to user growth.

U.S. weapons makers rattled over Saudi Arabia deals

Major U.S. defense contractors have expressed concern to the Trump administration that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further arms deals with Saudi Arabia, a senior U.S. official told Reuters on Friday.

Wall St. rebounds with technology stocks leading the way

The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season.

Walmart acquires lingerie retailer Bare Necessities

Walmart Inc has acquired online lingerie retailer Bare Necessities for an undisclosed amount, the company said on Friday, as it works to boost its competitive standing in U.S. e-commerce and appeal to younger shoppers.

Broadcom gets EU antitrust nod for CA Technologies deal

Chipmaker Broadcom Inc said on Friday it has obtained antitrust clearance from the European Union for its $19-billion deal to acquire software company CA Technologies Inc.

Facebook trims data breach to 29 million users as FBI probes

Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc said on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported.

With risky bets back in play, stock selloff revives 'Volmageddon' memories

Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.

Google tells U.S. lawmakers it is mulling options on China services

Alphabet Inc's Google unit has told U.S. lawmakers it was considering "a variety of options" to offer additional services in China, but declined to detail plans for addressing Chinese censorship.

Empty shelves, poor customer service speed Sears' demise

Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes.

Most S&P 500 stocks are deep in correction territory

As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500's components in correction territory, or worse.

Global stocks rebound but remain on track for weekly loss

Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.

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