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Stock futures little changed as French election in focus

Fri, 04/21/2017 - 7:31am
(Reuters) - U.S. stock index futures were little changed on Friday as investors stayed away from making big bets ahead of the first round of the French presidential elections over the weekend.

Honeywell beats profit estimates; raises earnings forecast

Fri, 04/21/2017 - 7:21am
(Reuters) - Diversified U.S. manufacturer Honeywell International Inc reported a higher-than-expected quarterly profit on Friday, as sales in its aerospace and energy businesses came in above the company's forecast.

Apparel retailer Bebe Stores says to shut all stores

Fri, 04/21/2017 - 7:19am
(Reuters) - Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.

GE revenue falls 1 percent

Fri, 04/21/2017 - 6:48am
(Reuters) - General Electric Co reported a 1 percent decline in quarterly revenue on Friday, hurt by lower sales in its oil and gas and lighting businesses.

Brexit makes campsites cool again as Britons tighten belts

Fri, 04/21/2017 - 2:46am
NEWTON FERRERS, England/LONDON (Reuters) - Before last year's Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound.

High-stakes vote on Wells Fargo board also tests proxy adviser ISS

Fri, 04/21/2017 - 1:08am
BOSTON (Reuters) - A high-stakes shareholder vote at Wells Fargo & Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board.

Uber extends sexual harassment probe; expects report by end-May

Fri, 04/21/2017 - 12:54am
(Reuters) - Uber Technologies Inc said it has extended its internal investigation into sexual harassment claims in its own organization, and a report is expected by the end of May.

Elon Musk on mission to link human brains with computers in four years: report

Fri, 04/21/2017 - 12:49am
(Reuters) - Tesla Inc founder and Chief Executive Elon Musk said his latest company Neuralink Corp is working to link the human brain with a machine interface by creating micron-sized devices.

Pence discusses barriers to U.S. companies with Indonesian president

Thu, 04/20/2017 - 11:33pm
JAKARTA (Reuters) - U.S. Vice President Mike Pence said on Friday he discussed with Indonesian President Joko Widodo barriers to U.S. companies operating in Southeast Asia's largest economy.

Australian court dismisses Chevron appeal in landmark tax case

Thu, 04/20/2017 - 11:03pm
MELBOURNE (Reuters) - Chevron Corp lost an appeal on Friday against the Australian tax office in a landmark case in which the U.S. energy giant contested a tax bill of A$340 million ($260 million), including penalties and interest.

Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks

Thu, 04/20/2017 - 10:31pm
WASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.

Oil markets remain cautious on record supplies

Thu, 04/20/2017 - 9:19pm
SINGAPORE (Reuters) - Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

Asian stocks climb, euro surrenders gains as French election jitters return

Thu, 04/20/2017 - 9:02pm
SINGAPORE (Reuters) - Asian stocks rose, lifted by bets on strong U.S. earnings and U.S. tax reform, while the euro retreated from a three-week high as jitters returned over the first round of French presidential elections on Sunday after a shooting in Paris.

Global finance leaders find a more temperate Trump in Washington

Thu, 04/20/2017 - 8:08pm
WASHINGTON (Reuters) - Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico.

Japan Inc braces for labor reform, plans to boost productivity: Reuters poll

Thu, 04/20/2017 - 7:25pm
TOKYO (Reuters) - Japan's plans to implement more employee-friendly laws are set to prove painful for many companies, with half saying labor costs will rise and two-thirds considering ways to lift productivity to offset the impact of the reforms, a Reuters poll showed.

Fed fines Deutsche Bank $156.6 million for forex violations

Thu, 04/20/2017 - 6:53pm
WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve on Thursday fined Deutsche Bank AG $156.6 million for violating foreign exchange rules and running afoul of the Volcker Rule.

Trump to sign two financial executive orders on Friday: CNBC

Thu, 04/20/2017 - 6:35pm
WASHINGTON (Reuters) - U.S. President Donald Trump will sign two executive orders on Friday related to the financial industry, CNBC reported on Thursday.

Trading firm Virtu Financial to buy KCG for about $1.4 billion

Thu, 04/20/2017 - 5:53pm
(Reuters) - Virtu Financial Inc said it would buy rival KCG Holdings Inc in a $1.4 billion deal that brings together two major U.S. electronic trading and market-making firms.

GSK must pay $3 million in generic Paxil suicide lawsuit: U.S. jury

Thu, 04/20/2017 - 5:38pm
(Reuters) - GlaxoSmithKline must pay $3 million to a woman who sued the drug company over the death of her husband, a lawyer who committed suicide after taking a generic version of the antidepressant Paxil, a U.S. jury said on Thursday.

Exxon probe is unconstitutional, Republican prosecutors say

Thu, 04/20/2017 - 5:07pm
NEW YORK (Reuters) - A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. violated consumer protection laws when selling fossil fuel products, according to a court filing.