Friday, 17 March 2017

Reuters Business Today: March 17, 2017

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Friday, March 17, 2017
Wall St. flat as banks, Amgen weigh; Adobe rallies
NEW YORK (Reuters) - U.S. stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite.
Missing from Trump's grand Navy plan: skilled workers to build the fleet
WASHINGTON (Reuters) - U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan.
Wall Street bonuses may show first uptick since 2009, firm says
(Reuters) - Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday.
Exclusive: Germany plans to buy six Lockheed C-130J aircraft for 900 million euros
BERLIN (Reuters) - The German government plans to buy six Lockheed Martin C-130J military transport planes for around 900 million euros ($966 million) starting in 2019 under a joint operating agreement with France, German government documents show.
House Democrat seeks interviews with Wells Fargo executives
WASHINGTON (Reuters) - The top Democrat on a key House of Representatives committee has demanded a chance to interview executives of Wells Fargo & Co , which has been embroiled in a scandal over fake accounts, because she said Republicans already had that opportunity in December.
Investment banks ditch the diet and look to expand: study
LONDON (Reuters) - After several years of restructuring and regulatory pressure, investment banks have reached a turning point after Donald Trump became American president and can look to grow again, according to a study published on Friday.
Wal-Mart asks Brazil suppliers to clarify alleged bribes to officials
SAO PAULO (Reuters) - Wal-Mart Stores Inc has asked suppliers in Brazil to clarify alleged cases of meatpackers bribing health officials to subvert inspections, the retailer said on Friday.
Porsche invests in tech services to offset possible sales decline
STUTTGART, Germany (Reuters) - Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.
Bombardier executive says canceling rail deal would cause 'irreparable harm'
MONTREAL (Reuters) - Bombardier Inc would suffer "irreparable harm" to its global reputation if it loses a light train contract from a Toronto transportation agency, a senior company official said in recent court filings.
U.S. says Walt Disney subsidiaries to pay $3.8 million in back wages
(Reuters) - Two Florida subsidiaries of Walt Disney Co have agreed to provide $3.8 million in back wages to comply with federal law, the U.S. Labor Department said on Friday.
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