Thursday, 28 June 2018

Wall Street advances with help from technology, financials

Wall Street advances with help from technology, financials

NEW YORK (Reuters) - U.S. stocks rose on Thursday as technology and other growth sectors rebounded from the prior day's declines and financial shares snapped a 13-day losing streak.

Amazon to buy PillPack in potentially disruptive drug retail push

(Reuters) - Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers.

U.S. manufacturers, steel makers battle over tariff relief

(Reuters) - The flood of requests from U.S. manufacturers with the Commerce Department to exempt them from the Trump administration's hefty tariffs on steel and aluminum imports is exposing competitive information to rivals, customers and U.S. metal producers.

Fox shareholder urges Murdoch to give Comcast time to beat Disney bid

(Reuters) - TCI Fund Management Ltd, a large Twenty-First Century Fox Inc shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp a chance to top Walt Disney Co's $71 billion offer to buy most of Fox's assets, according to a letter reviewed by Reuters.

Tesla lagging on Model 3 production, workers say

SAN FRANCISCO (Reuters) - Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company's Fremont, California, assembly plant told Reuters this week.

Fox shareholders to vote on Disney's offer on July 27

(Reuters) - Twenty-First Century Fox Inc shareholders will vote on Walt Disney Inc's revised offer to buy some Fox assets on July 27, the companies said.

Deutsche Bank's U.S. operations fail second leg of Fed stress tests

WASHINGTON (Reuters) - Deutsche Bank AG's U.S. subsidiary failed on Thursday the second part of the U.S. Federal Reserve's annual stress tests due to "material weaknesses" in its data capabilities and capital planning controls.

Canada to aid steel, aluminum industries hit by U.S. tariffs: source

OTTAWA (Reuters) - Canada will hit back against U.S. tariffs on its steel and aluminum by offering affected companies and workers up to C$800 million ($603 million) in aid, a source familiar with the matter said on Thursday.

Twitter, Facebook launch tools to track advertising

(Reuters) - Twitter Inc on Thursday made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of U.S. regulation over the lack of disclosure on such spending.

AT&T to pay $5.25 mln to settle U.S. probe into '911' call outages

WASHINGTON (Reuters) - AT&T Inc will pay $5.25 million to settle a U.S. investigation after two outages in 2017 prevented about 15,000 callers from making emergency "911" calls, the company and a federal regulator said on Thursday.

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