Friday 11 May 2018

Exclusive - AT&T CEO: We made 'big mistake' hiring Cohen, chief lobbyist out

Exclusive - AT&T CEO: We made 'big mistake' hiring Cohen, chief lobbyist out

(Reuters) - AT&T Inc on Friday ousted its top lobbyist, and the No. 2 wireless carrier's chief executive said it was a "big mistake" to hire Michael Cohen, President Donald Trump's personal attorney, for advice on working with the Trump administration.

Wall Street rises with healthcare rally after Trump's speech

(Reuters) - The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them.

Apple is almost a $1 trillion company, but watch out for Amazon

SAN FRANCISCO (Reuters) - Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin City" celebrations and more on the grind of vetting fund managers.

Icahn adds more nominees to SandRidge slate after board expansion

(Reuters) - Activist investor Carl Icahn on Friday added two more nominees to his slate for the board of SandRidge Energy Inc after the company expanded its board, suggesting that the hedge fund manager planned to press ahead with the proxy fight.

Negotiators fail to reach NAFTA deal, Trump launches new attack

WASHINGTON (Reuters) - Senior American, Canadian and Mexican officials on Friday ended a week of talks without a deal to modernize NAFTA, agreeing instead to resume negotiations soon, ahead of a deadline next week issued by U.S House of Representatives Speaker Paul Ryan.

At meeting with automakers, Trump launches new attack on NAFTA

WASHINGTON (Reuters) - Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies.

Takata's defective air bags linked to 278 injuries in U.S.: Senator

(Reuters) - Takata Corp's defective air bags have been linked to 278 injuries across the United States, according to updated figures released by U.S. Democratic Senator Bill Nelson of Florida, in advance of a hearing next week on the nomination of Heidi King to head the National Highway Traffic Safety Administration.

Fed to put Wells Fargo remediation plan to public board vote: letter

WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday.

Thomson Reuters expects higher 2018 costs, shares drop

(Reuters) - Thomson Reuters Corp forecast its corporate costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down 4 percent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit.

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