Thursday, 12 April 2018

Wall Street gains on earnings optimism, waning Syria jitters

Wall Street gains on earnings optimism, waning Syria jitters

NEW YORK (Reuters) - U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump's suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries.

China vows to fight back if U.S. escalates trade spat

BEIJING (Reuters) - China's commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington's attempts at dialogue were not sincere, and vowed to retaliate if U.S. President Donald Trump escalates current tensions.

Exclusive: Chevron, Exxon seek 'small refinery' waivers from U.S. biofuels law

NEW YORK (Reuters) - Global energy giants Chevron Corp and Exxon Mobil have asked U.S. regulators for exemptions to the nation's biofuels policy that have historically been reserved for small companies in financial distress, according to sources familiar with the matter.

Twelve senators seek FCC probe of Sinclair news scripts, pause in Tribune review

WASHINGTON (Reuters) - Twelve U.S. senators on Thursday asked the Federal Communications Commission to investigate Sinclair Broadcasting Group for "deliberately distorting news" and asked the commission to pause its ongoing review of the company's proposed $3.9 billion acquisition of Tribune Media Co .

U.S. judge says Uber drivers are not company's employees

(Reuters) - A U.S. judge in Philadelphia has ruled that limousine drivers for Uber Technologies Inc [UBER.UL] are independent contractors and not the company's employees under federal law, the first ruling of its kind on a crucial issue for the ride-hailing company.

Auto industry lawyers warn automated driving hype will be a legal matter

NEW YORK (Reuters) - Deadly crashes involving Tesla Inc and Uber Technologies [UBER.UL] vehicles operating entirely or in part under automated systems have made a once-abstract problem very real for auto industry lawyers gathered at a recent conference.

Broadcom to buy back up to $12 billion of shares

(Reuters) - Chipmaker Broadcom Inc said on Thursday it would buy back up to $12 billion of its common stock, sending its shares up 4.5 percent to $250 in extended trading.

GM President: GM Korea restructuring talks have April 20 deadline

DETROIT (Reuters) - General Motors Co's president said on Thursday that April 20 is a hard deadline to reach an agreement on a long-term financial restructuring of GM's South Korean auto unit, after which the operation would likely seek bankruptcy protection.

SpaceX looks to raise $507 million in a new funding round: filing

(Reuters) - Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters.

NTSB removes Tesla as a party in its probe of 'Autopilot' crash

WASHINGTON (Reuters) - The National Transportation Safety Board said on Thursday it had revoked Tesla Inc's status as a party to its investigation of a fatal crash in March in which the semi-autonomous "Autopilot" driving system was in use, after Tesla flouted terms of an agreement with the agency.

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