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Tuesday, 3 April 2018

Spotify makes record-setting direct listing; shares jump, then slide

Spotify makes record-setting direct listing; shares jump, then slide

NEW YORK/SAN FRANCISCO (Reuters) - Spotify Technology SA on Tuesday completed the largest-ever direct listing, valuing the world's leading streaming music service at as much as $30 billion, but its shares stalled after an early spike.

Wall Street closes higher as S&P rises above key support level

NEW YORK (Reuters) - The three major U.S. stock indexes ended higher after a choppy session on Tuesday as investors looked forward to earnings season while the S&P 500 pushed above a key support level and Amazon.com shares jumped on bets that criticism from President Donald Trump would not translate to policy changes.

Tesla says no need for capital raise as Model 3 output rises

(Reuters) - Tesla Inc sought to squash any speculation it might need to raise more capital this year on Tuesday, driving the company's battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days.

Amazon finishes higher despite Trump's new threat on shipping rates

WASHINGTON (Reuters) - Amazon.com Inc's shares took another ride on the roller-coaster on Tuesday, falling as President Donald Trump repeated his unsubstantiated claim that deliveries for the world's biggest online retailer cost the U.S. Postal Service money, then rising on a report that the White House is not considering any action against Amazon.

After attacks on Amazon, U.S. Chamber criticizes targeting American business

WASHINGTON (Reuters) - Following attacks by President Donald Trump on Amazon.com Inc , the U.S. Chamber of Commerce criticized attacks by government officials against American companies.

Apple discloses gender pay gap at UK operations

(Reuters) - Apple Inc said on Tuesday that men earned 5 percent more on average than women at its UK operations, although the median pay gap was 2 percent in favor of women.

Exclusive: EPA gives giant refiner a 'hardship' waiver from regulation

NEW YORK (Reuters) - The Environmental Protection Agency has exempted one of the nation's largest oil refining companies, Andeavor , from complying with U.S. biofuels regulations - a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter told Reuters.

Indian court orders tax dept to lift freeze on Cognizant's funds

(Reuters) - IT services company Cognizant Technology Solutions Corp said on Tuesday an Indian court had granted the company's application to lift the Indian income tax department's freeze on its bank accounts.

Exclusive: Gazprom set to gain EU antitrust approval with concessions - sources

BRUSSELS (Reuters) - The European Union and Gazprom are poised to settle a long-running antitrust case after the Russian gas company agreed to price reforms and to allow rivals to gain a foothold in eastern Europe, people familiar with the matter said.

Elliott takes $1 billion stake, pushes for changes at Hyundai

SEOUL/NEW YORK (Reuters) - A unit of activist hedge fund Elliott Management said on Wednesday that it holds more than $1 billion of shares in three key affiliates of South Korea's Hyundai Motor Group, and said more needs to be done to reform the company.

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