Bhinneka News Online: Breaking business news: Tech recovers, but not enough to push Wall St higher

Wednesday, 6 December 2017

Breaking business news: Tech recovers, but not enough to push Wall St higher

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Wednesday, December 6, 2017

Tech recovers, but not enough to push Wall St higher

(Reuters) - The S&P 500 fell a tiny bit on Wednesday, with Microsoft and other technology stocks making modest gains but not quite offsetting losses in energy shares after oil prices dropped more than 2 percent.

Britain pushes back date for provisional findings on Sky-Fox deal

LONDON (Reuters) - Britain's competition watchdog will give its initial verdict on Rupert Murdoch's bid to buy Sky next month, later than expected, due to the vast number of responses it has received on the deal.

Bitcoin zooms above $13,000 to record high on relentless demand

TOKYO/NEW YORK (Reuters) - Bitcoin extended its rally on Wednesday, breaking above $13,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble.

Home Depot sets $15 billion share buyback, investment plan

(Reuters) - Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years.

U.S. Comptroller halts plan to remove in-house bank examiners

WASHINGTON (Reuters) - Bank examiners can continue working inside the banks they supervise, U.S. Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.

Volkswagen executive sentenced to seven years for U.S. emissions fraud

DETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

Google beats class action sex bias claims, for now

(Reuters) - A California state judge has dismissed class action claims accusing Alphabet Inc's Google of paying female employees less than men and giving them fewer opportunities for promotions.

General Electric to cut 4,500 jobs in Europe: source

(Reuters) - General Electric Co plans to cut as many as 4,500 jobs in Europe as the U.S. industrial conglomerate shrinks its troubled power generation business, a labor union source said on Tuesday.

Disney CEO likely to extend tenure if Fox deal happens: WSJ

(Reuters) - Walt Disney Co Chief Executive Bob Iger will likely extend his tenure past 2019 to facilitate integration of Twenty-First Century Fox Inc assets if a deal is completed, the Wall Street Journal reported on Wednesday.

Citigroup sees 'high teens' percentage decline in fourth-quarter markets revenue

NEW YORK (Reuters) - Citigroup Inc fourth-quarter markets revenue is on track to be down by a "high-teens" percentage from a year earlier, Chief Financial Officer John Gerspach said on Wednesday.