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Updated: 51 min 4 sec ago

Wall Street ends higher despite government shutdown threat

Fri, 01/19/2018 - 4:27pm
NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.

Fed's Quarles details steps to ease rules from Volcker to stress tests

Fri, 01/19/2018 - 4:03pm
WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.

Delaware sues opioid manufacturers, distributors over epidemic

Fri, 01/19/2018 - 3:54pm
(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers.

S&P, Nasdaq hit records, Dow muted as government shutdown looms

Fri, 01/19/2018 - 3:34pm
NEW YORK (Reuters) - The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutdown loomed.

FTC set to make second request on Broadcom's bid for Qualcomm: sources

Fri, 01/19/2018 - 3:29pm
(Reuters) - The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , people familiar with the matter said on Friday, indicating heightened antitrust scrutiny.

Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

Fri, 01/19/2018 - 2:21pm
WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is too onerous.

Nike at two-year high as analysts tout margin benefits of direct sales

Fri, 01/19/2018 - 2:02pm
(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.

U.S. regulators have begun work to 'streamline' Volcker Rule: Fed official

Fri, 01/19/2018 - 1:19pm
WASHINGTON (Reuters) - U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday.

General Electric shares drop for fifth straight session

Fri, 01/19/2018 - 1:17pm
NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

S&P lifted by consumer stocks, IBM weighs on Dow

Fri, 01/19/2018 - 1:15pm
(Reuters) - The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM.

Possible U.S. shutdown won't affect U.S.'s AAA-rating: Fitch

Fri, 01/19/2018 - 1:03pm
NEW YORK (Reuters) - Fitch Ratings said on Friday its top AAA debt rating for the United States would not be directly impacted by a possible federal shutdown, which will begin on Saturday if lawmakers fail to clinch a deal to fund the government.

Gains in consumer stocks prop up S&P, Nasdaq

Fri, 01/19/2018 - 11:40am
(Reuters) - The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown.

Lowe's nominates directors after 'constructive' talks with D.E. Shaw

Fri, 01/19/2018 - 11:32am
(Reuters) - Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday.

En route to Davos, Macron makes Versailles the place to be

Fri, 01/19/2018 - 10:31am
PARIS (Reuters) - French President Emmanuel Macron will host dozens of the world's most powerful business executives at the gilded Palace of Versailles to pitch France Inc before the global elite's annual gathering at Davos.

In sign of times, luxury watchmaker Audemars embraces second-hand

Fri, 01/19/2018 - 10:14am
GENEVA (Reuters) - Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.

Amazon, Nike drive Wall Street higher

Fri, 01/19/2018 - 10:07am
(Reuters) - Wall Street's main indexes rose on Friday, powered by gains in Amazon and Nike, while investors shrugged off fears of a looming U.S. government shutdown.

Exclusive: Trump's coal job push stumbles in most states - data

Fri, 01/19/2018 - 9:42am
WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.

Wall Street opens higher as investors shrug off shutdown fears

Fri, 01/19/2018 - 9:40am
(Reuters) - U.S. stocks opened higher on Friday, putting the major indexes on track for three straight weeks of gains as hopes of a strong earnings season overshadowed fears of a potential U.S. government shutdown.

Road to ruin? Carillion collapse puts spotlight on UK outsourcing model

Fri, 01/19/2018 - 9:25am
LONDON/BALMEDIE, Scotland (Reuters) - In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week.

NAFTA talks seen ending happily, despite growls from Trump

Fri, 01/19/2018 - 8:46am
BENGALURU/SAO PAULO (Reuters) - The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling.