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Showing posts with the label Reuters: Business News


  

Bank, healthcare stocks pressure S&P; Nasdaq hits record

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(Reuters) - Declines in financial and healthcare stocks weighed on the S&P 500 and Dow on Tuesday, while strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high. from Reuters: Business News https://ift.tt/2sI9XGO

Want to extend the bull market by $6 trillion? Add women

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LONDON (Reuters) - The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global. from Reuters: Business News https://ift.tt/2HlFjZ5

Twitter shares jump 5 percent as they win new follower: The S&P 500

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NEW YORK (Reuters) - Consider it the ultimate "like" for a stock: Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company's stock price up 5 percent on Tuesday as demand surged from equities investors. from Reuters: Business News https://ift.tt/2sx8Muu

U.S. services sector activity picks up; job openings at record high

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WASHINGTON (Reuters) - U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook. from Reuters: Business News https://ift.tt/2sJAL9H

Tech propels Nasdaq to record; bank, health stocks weigh on S&P

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(Reuters) - Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and healthcare stocks weighed on the S&P 500 and Dow. from Reuters: Business News https://ift.tt/2xH6QVj

Ex-State Street executive cheated clients with secret fees: U.S. prosecutor

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BOSTON (Reuters) - A former State Street Corp executive directed a fraudulent scheme to overcharge several of the bank's clients, including Kuwait's sovereign wealth fund, by applying secret commissions to billions of dollars' worth of trades, a U.S. prosecutor told jurors on Tuesday. from Reuters: Business News https://ift.tt/2HnI7Vn

StanChart plans to bring Asian operations under two main hubs

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LONDON (Reuters) - Standard Chartered is drawing up plans to consolidate its Asian operations into two hubs - one in Hong Kong and one in Singapore - in order to better manage its capital, a source familiar with the matter said on Tuesday. from Reuters: Business News https://ift.tt/2LnYtjh

Two Allergan shareholders call for split of chairman-CEO position

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(Reuters) - Two of Allergan Plc's shareholders - hedge funds Appaloosa Management and Senator Investment Group - on Tuesday asked the drugmaker's board to split the role of chief executive officer and chairman, and end its acquisition strategy. from Reuters: Business News https://ift.tt/2JuZ99m

Britain clears way for Murdoch to battle Comcast for Sky

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LONDON (Reuters) - Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business. from Reuters: Business News https://ift.tt/2syi9dz

FAANG propels Nasdaq to record high, broader markets flat

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(Reuters) - Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and energy stocks weighed on the S&P 500 and Dow. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet — rose between 0.5 percent and 1.7 percent, helping the S&P technology index rise 0.5 percent. from Reuters: Business News https://ift.tt/2Jtr1uG

David Koch to retire from Koch Industries due to poor health: memo

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(Reuters) - Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an internal memo seen by Reuters. from Reuters: Business News https://ift.tt/2Lo9Esp

Hedge fund Appaloosa asks Allergan to split chairman-CEO position

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(Reuters) - Billionaire investor David Tepper's hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc's board to split the office of the chief executive officer and chairman. from Reuters: Business News https://ift.tt/2kPf58o

Short sellers and options traders bet on more Deutsche Bank pain

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LONDON (Reuters) - Short sellers and derivatives traders are betting Deutsche Bank's share price recovery will prove temporary, with data suggesting short interest in the German lender is the highest of any global bank. from Reuters: Business News https://ift.tt/2kOtbqE