Reuters Business Today: May 1, 2017

Click to View in Browser Monday, May 1, 2017 Apple, tech lift Wall Street as Nasdaq sets record (Reuters) - Wall Street climbed on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq Composite to another record high. U.S. factory activity slows; inflation pressures subside WASHINGTON (Reuters) - U.S. factory activity slowed in April while consumer spending was unchanged in March and a key inflation measure recorded its first monthly drop since 2001, but economists still expect an interest rate increase in June as the labor market tightens. Trump says actively considering breaking up big banks: Bloomberg TV WASHINGTON (Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday. Airbnb, San Francisco settle lawsuit over short-term rental law SAN FRANCISCO (Reuters) - Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes. Fox News co-president Bill Shine resigns, Scott and Wallace promoted (Reuters) - Bill Shine, co-president of Fox News Channel, has become the latest executive to resign in the wake of a sexual misconduct scandal at the cable channel, and will be partly replaced by Fox's highest-ranking female executive. Oil slips 1 percent as rising output faces weak demand worries NEW YORK (Reuters) - Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC-led production cuts aimed at clearing a supply glut. Citadel's Griffin says he fantasizes about bank breakups BEVERLY HILLS (Reuters) - Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could move to break up the country's biggest banks. Dish revenue misses estimates, loses more subscribers than expected (Reuters) - Dish Network Corp would consider various options for its wireless airwaves, its chief executive said on Monday, after the U.S. satellite TV provider reported quarterly revenue that missed analysts' estimates as it lost more subscribers than expected. Wells Fargo CEO sees benefits to putting employees before shareholders BEVERLY HILLS (Reuters) - Wells Fargo & Co Chief Executive Officer Tim Sloan said recruiting and retention have improved dramatically in the wake of a sales scandal, as the third-largest U.S. bank has made big changes to how it pays and evaluates employees in its branches. Target slashes CEO pay package after bleak year (Reuters) - Target Corp's Chief Executive Brian Cornell took a sharp cut in compensation after the company failed to meet financial goals in a year marred by declines in sales and share price. Related Video The $1 trillion budget deal Hamas to drop call for Israel's destruction: sources Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook