Bhinneka News Online: Reuters Business Today: April 28, 2017

Friday, 28 April 2017

Reuters Business Today: April 28, 2017

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Friday, April 28, 2017

Wall Street slips on weak GDP data, but indexes rise in April

NEW YORK (Reuters) - Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains.

In first 100 days, a reversal of fortune for Trump favorites on Wall Street

SAN FRANCISCO (Reuters) - A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher.

U.S. first quarter growth weakest in three years as consumer spending falters

WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.

U.S. Congress passes short-term bill to avert government shutdown

WASHINGTON (Reuters) - The Republican-led Congress averted a U.S. government shutdown on Friday and gave lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.

U.S. gasoline demand falls for second straight month: EIA

NEW YORK (Reuters) - U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year's record volumes.

Weekahead: Hot earnings to keep fire under growth-stock rally

NEW YORK (Reuters) - Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth.

U.S. airlines overhaul overbooking after United fiasco

NEW YORK (Reuters) - The backlash against the rough removal of a United Airlines passenger to make room on a crowded flight has opened a divide in the U.S. industry over how to manage flight overbooking, with some renouncing the practice and others offering richer incentives to give up seats.

U.S. appeals court blocks Anthem bid to merge with rival Cigna

WASHINGTON (Reuters) - A U.S. appeals court on Friday blocked health insurer Anthem Inc's bid to merge with Cigna , upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare.

Apple, Tesla ask California to change its proposed policies on self-driving car testing

(Reuters) - Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology.

BlackRock's Fink a 'big believer' in Wells Fargo CEO

CHICAGO (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Friday he is a "big believer" in Wells Fargo & Co Chief Executive Tim Sloan and that the scandal-hit bank is now on a good path.