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Updated: 30 min 37 sec ago

Tesla's unfettered ambition to drain finances: analysts

Fri, 11/17/2017 - 10:55am
(Reuters) - Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles.

Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources

Fri, 11/17/2017 - 10:49am
TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

Exclusive: Toshiba set to OK $5 billion injection on Monday to stay listed - sources

Fri, 11/17/2017 - 10:19am
TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

Broadcom closes $5.5 billion Brocade deal

Fri, 11/17/2017 - 10:13am
(Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

Wall St. slips as tech, financial stocks weigh

Fri, 11/17/2017 - 9:58am
(Reuters) - Wall Street's main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.

GE shares rise after CEO Flannery buys stock

Fri, 11/17/2017 - 9:46am
(Reuters) - Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate's stock.

S&P, Dow open lower as health, tech stocks weigh

Fri, 11/17/2017 - 9:39am
(Reuters) - The Dow and the S&P 500 opened lower on Friday, led by losses in healthcare and technology stocks.

Sports retail stocks jump after upbeat earnings

Fri, 11/17/2017 - 9:35am
(Reuters) - Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.

Broadcom completes Brocade acquisition

Fri, 11/17/2017 - 9:20am
(Reuters) - Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc.

Sports retail stocks jump after upbeat reports

Fri, 11/17/2017 - 8:42am
(Reuters) - Shares of sports retailers soared on Friday after Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc reported better-than-expected quarterly profits.

Fox shares jump on signs of more takeover interest

Fri, 11/17/2017 - 8:41am
(Reuters) - Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations.

Volkswagen to spend over $40 billion on electric and self-driving cars

Fri, 11/17/2017 - 8:37am
WOLFSBURG, Germany (Reuters) - Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German automaker's goal of transforming itself into a leading force in electric cars.

Tesla's unfettered ambition to strain finances but investors unfazed

Fri, 11/17/2017 - 8:14am
(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.

U.S. probes 415,000 Volkswagen vehicles for air bag problems

Fri, 11/17/2017 - 8:12am
(Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.

Exclusive: Germany's top banks step up efforts to offload toxic shipping debt

Fri, 11/17/2017 - 7:51am
LONDON/FRANKFURT (Reuters) - Top national lenders Deutsche Bank <DBK Gn.DE> and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system grapples with $100 billion in toxic debt from the sector.

Fork talk lifts bitcoin to all-time high near $8,000

Fri, 11/17/2017 - 7:27am
LONDON (Reuters) - Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.

Wireless carriers on mute as Supreme Court hears big privacy case

Fri, 11/17/2017 - 7:12am
WASHINGTON (Reuters) - The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.

Analysts flee Wall Street with gallows humor as research changes loom

Fri, 11/17/2017 - 6:31am
(Reuters) - Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.

World stocks claw back losses but set for second weekly fall

Fri, 11/17/2017 - 5:41am
LONDON (Reuters) - World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results.

Nissan cites staff shortage for improper tests, plans more inspectors

Fri, 11/17/2017 - 5:35am
YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a lack of trained staff for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance.

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