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Wall Street closes at records with tax overhaul in sight

Reuters Business News - Fri, 12/15/2017 - 18:34
NEW YORK (Reuters) - Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.
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Leading U.S. antitrust senator urges hearing on Disney, Fox deal

Reuters Business News - Fri, 12/15/2017 - 17:45
WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.
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Bitcoin hits new record high as warnings grow louder

Reuters Business News - Fri, 12/15/2017 - 16:41
LONDON (Reuters) - Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.
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Oil hovers below two-year highs with focus on U.S. output

Reuters Business News - Fri, 12/15/2017 - 16:40
NEW YORK (Reuters) - Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains.
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Tesla largely responsible for slide in U.S. home solar sales

Reuters Business News - Fri, 12/15/2017 - 16:39
(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.
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Wall Street jumps to highs on tax-cut hopes

Reuters Business News - Fri, 12/15/2017 - 16:11
NEW YORK (Reuters) - Wall Street's three major indexes tallied record closing highs on Friday with broad gains across sectors as a long-awaited tax bill that would cut corporate tax rates looked like it would win enough support from lawmakers to pass.
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Wall Street at record highs on rising hopes of tax overhaul

Reuters Business News - Fri, 12/15/2017 - 14:53
NEW YORK (Reuters) - Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers.
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CSX shares derail after CEO takes unexpected medical leave

Reuters Business News - Fri, 12/15/2017 - 14:42
(Reuters) - CSX Corp shares skidded as much as 10 percent on Friday, wiping out $4 billion in market value, as the No. 3 U.S. railroad by revenue sought to assure investors its turnaround would progress despite the unexpected medical leave of its chief executive officer.
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Exclusive: Aston Martin owners rev up for 2018 exit with Lazard hire

Reuters Business News - Fri, 12/15/2017 - 14:38
LONDON (Reuters) - Aston Martin's owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters.
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Wall Street at record on rising hopes of tax overhaul

Reuters Business News - Fri, 12/15/2017 - 13:53
(Reuters) - Wall Street major indexes scaled new heights on Friday, with all the major sectors pushing higher as the long-awaited bill to lower corporate tax rates enters the final stretch.
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Lockheed to partner with Aerion to develop supersonic business jet

Reuters Business News - Fri, 12/15/2017 - 13:51
(Reuters) - Lockheed Martin Corp , the maker of F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.
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Big U.S. banks engage universities to fill unglamorous banking jobs

Reuters Business News - Fri, 12/15/2017 - 13:43
(Reuters) - Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and trading.
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Wall Street rally sets the stage for big IPO year in 2018

Reuters Business News - Fri, 12/15/2017 - 13:32
(Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.
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Ryanair offers to recognize unions in historic shift to try to avert strikes

Reuters Business News - Fri, 12/15/2017 - 13:15
DUBLIN (Reuters) - Ryanair offered on Friday to recognize pilot unions for the first time in its 32-year history in a last-minute attempt to avert its first-ever pilot strike.
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Exclusive: FCC plans to fine Sinclair $13.3 million over undisclosed commercials

Reuters Business News - Fri, 12/15/2017 - 13:01
WASHINGTON (Reuters) - The Federal Communications Commission plans to fine Sinclair Broadcasting Corp $13.3 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer institute, three people briefed on the matter told Reuters.
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Exclusive: Safran, Zodiac deal expected to win unconditional EU approval - source

Reuters Business News - Fri, 12/15/2017 - 12:56
BRUSSELS (Reuters) - French aero engine maker Safran is set to secure an EU green light for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace to create the world's third-largest aerospace supplier, a person familiar with the matter said on Friday.
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Brazil's Embraer eyes 2024 commercial launch for Uber partnership: CEO

Reuters Business News - Fri, 12/15/2017 - 12:24
SAO PAULO (Reuters) - A partnership that Brazilian planemaker Embraer SA has struck with U.S. ride-hailing application Uber Technologies Inc will launch its first test flight in 2020, and aims to start commercial service in 2024, an executive said on Friday.
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U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

Reuters Business News - Fri, 12/15/2017 - 12:06
FRANKFURT (Reuters) - A U.S. district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank.
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CSX shares tumble after CEO's medical leave

Reuters Business News - Fri, 12/15/2017 - 12:05
(Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.
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Tesla largely responsible for slide in U.S. home solar sales: report

Reuters Business News - Fri, 12/15/2017 - 12:00
(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.
Categories: Reuters
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