Friday, 19 May 2017

Reuters Business Today: May 19, 2017

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Friday, May 19, 2017
Wall St. ends off session highs after fresh Russia probe reports
NEW YORK (Reuters) - U.S. stocks rose but closed below their session highs on renewed concerns about Donald Trump's presidency, after two new reports related to a federal investigation into possible coordination between Russia and Trump's election campaign.
About 37,000 AT&T workers go on three-day strike
(Reuters) - About 37,000 AT&T Inc workers, or less than 14 percent of the company's total workforce, began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts.
Fiat Chrysler to modify 104,000 U.S. diesel vehicles: company
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV plans to update software that it expects will resolve the concerns of U.S. regulators about excess emissions in 104,000 older diesels, the Italian-American automaker said on Friday.
Wells Fargo's suffers slump in muni bond underwriting
CHICAGO/SAN FRANCISCO (Reuters) - Wells Fargo & Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows.
U.S. regulators approve VW diesel fix for 84,000 vehicles
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency and California Air Resources Board on Friday announced approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions.
U.S. tax cut hopes sent state collections down in April
CHICAGO (Reuters) - U.S. states collected less personal income tax revenue in April than they did a year earlier, a Reuters analysis shows, and analysts said they believed high earners were shifting income to next year, hoping for tax cuts from the federal government.
CBS' CEO Moonves says Viacom undervalued
NEW YORK (Reuters) - CBS Corp Chief Executive Leslie Moonves said in response to a shareholder question on Friday that he believed shares of Viacom Inc , which the network considered merging with last year, were undervalued.
Boeing seeks talks with Canada over threat to scrap jet purchase: source
OTTAWA (Reuters) - Boeing Co's defense unit wants talks with Canadian officials as it tries to fend off a government threat to scrap the purchase of 18 Super Hornet jets, a source familiar with the situation said on Friday.
Ford using first over-the-air software updates to its 2016 cars
SAN FRANCISCO (Reuters) - Ford Motor Co said on Friday it would delve into the growing arena of "over-the-air" software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software update.
Exclusive: Italy tax police seize documents from IBM in BT Italy probe
MILAN - Italian investigators have seized documents from the Milan offices of International Business Machines Corp as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain's BT Group, sources said.
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