Friday, 14 April 2017

Reuters Business Today: April 14, 2017

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Friday, April 14, 2017
U.S. retail sales fall for second straight month on weak automobiles
WASHINGTON, (Reuters) - U.S. retail sales fell for a second straight month in March amid softening demand for automobiles, suggesting economic growth slowed abruptly in the first quarter.
Asian shares, won move south on worries over North Korea
TOKYO (Reuters) - Japanese and South Korean shares fell while the won currency came under pressure on Friday, as rising tensions in the Korean peninsula dented confidence in the world's economy.
Netflix scorecard to test mettle of tech rally
SAN FRANCISCO (Reuters) - The longevity of the technology stocks rally is on the line next week as Netflix Inc kicks off the earnings season for a sector that has mushroomed to account for more than a fifth of the U.S. stock market's value.
Uber may face $1 million fine over California drunken-driving complaints
LOS ANGELES (Reuters) - Uber's popular ride-sharing network has repeatedly failed to promptly suspend and investigate its California drivers when passengers report them driving drunk, state regulators charged in an enforcement action, recommending $1.13 million in fines.
Toshiba creditors likely to approve chip unit collateral for $9.2 billion finance: sources
TOKYO (Reuters) - Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen ($9.2 billion), sources briefed about the matter said on Friday.
South Korea police says no explosives found at Samsung Life headquarters
SEOUL (Reuters) - South Korean authorities found no explosives at the headquarters of Samsung Life Insurance Co Ltd in Seoul, police said on Friday.
Fiat Chrysler CEO says first-quarter 2017 was difficult, doesn't change targets
AMSTERDAM (Reuters) - The first quarter of 2017 was "difficult" for carmaker Fiat Chrysler but this will not affect the company's targets for this year and next, Chief Executive Sergio Marchionne said on Friday.
Tesla jumps after Elon Musk teases commercial truck, pickup
SAN FRANCISCO (Reuters) - Shares of Tesla jumped nearly 3 percent on Thursday after Chief Executive Elon Musk said the electric car company expects to unveil its planned commercial truck in September.
Loan growth stalls despite profit, trading gains at some U.S. banks
NEW YORK (Reuters) - Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy.
T-Mobile, Dish bid combined $14 billion in U.S. airwaves auction: FCC
NEW YORK (Reuters) - T-Mobile US Inc bid $8 billion and Dish Network Corp $6.2 billion to win the bulk of broadcast airwaves spectrum for sale in a government auction, the U.S. Federal Communications Commission said on Thursday.
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