Bhinneka News Online: Reuters Business Today: April 25, 2017

Tuesday, 25 April 2017

Reuters Business Today: April 25, 2017

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Tuesday, April 25, 2017

Nasdaq tops 6,000 as earnings boost Wall St; U.S. tax code eyed

NEW YORK (Reuters) - The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America.

McDonald's profit beats as turnaround gains steam, shares at record high

(Reuters) - McDonald's Corp reported a better-than-expected rise in quarterly profit and U.S. same-restaurant sales on lower costs, all-day breakfast, $1 drinks and promotions on its popular Big Macs, signaling the company's plan to keep customers coming back to its restaurants has gained traction.

Wells Fargo board gets black eye in shareholder vote

PONTE VEDRA BEACH, Fla./BOSTON (Reuters) - Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting.

3M raises 2017 profit forecast; first-quarter results top estimates

(Reuters) - 3M Co , which makes Scotch tape and Post-it notes, raised its 2017 profit forecast and reported better-than-expected quarterly results, helped by growth across its major businesses.

AT&T unexpectedly loses postpaid subscribers in first quarter

(Reuters) - AT&T Inc's quarterly revenue missed estimates on lower equipment sales, the company said on Tuesday, as customers held onto their phones longer and it lost wireless subscribers who pay a monthly bill.

Citi meeting protest prompts apology on pipeline finance steps

NEW YORK (Reuters) - A brief, noisy protest by drum-beating young adults at Citigroup's annual shareholder meeting on Tuesday evolved into an orderly exchange between an older tribal woman and the bank's two top executives, who conceded it had approved investments in a North Dakota pipeline too quickly.

U.S. Supreme Court may limit where companies can be sued

WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs' lawyers who strive to bring cases in courts and locales they consider friendly.

Not an inside job: How two analysts became SEC whistleblowers

WASHINGTON (Reuters) - Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.

Consumer confidence slips; new home sales hit eight-month high

WASHINGTON (Reuters) - U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.

Toshiba to drop its auditor: Nikkei

(Reuters) - Toshiba Corp has decided to drop its auditor PricewaterhouseCoopers (PwC) Aarata, which declined to approve the company's full-year financial statement, the Nikkei financial daily reported.