Tuesday 17 April 2018

Arming the world: Inside Trump's 'Buy American' drive to expand weapons exports

Arming the world: Inside Trump's 'Buy American' drive to expand weapons exports

WASHINGTON (Reuters) - In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $10 billion fighter jet deal that had been stalled for more than a year.

Wall Street rises on earnings hopes, Netflix soars

NEW YORK (Reuters) - U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.

IBM full-year profit forecast misses, shares fall

(Reuters) - International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading.

Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training

(Reuters) - Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.

Toys 'R' Us turns down bid for stores from toy maker: source

NEW YORK (Reuters) - Bankrupt retailer Toys "R" Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said on Tuesday.

Exclusive: China seeks trade firewall with U.S. allies in rush of ambassador meetings - sources

BEIJING/BRUSSELS (Reuters) - China's international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.

Goldman's faith in roaring markets met with skepticism on Wall Street

(Reuters) - Goldman Sachs Group Inc is so confident in its recent business boom that it will pause share buybacks in the second quarter and instead use capital to facilitate trades, loans and deals for customers, its finance chief said on Tuesday.

United Airlines profit rises with higher fares

NEW YORK (Reuters) - United Airlines said on Tuesday quarterly profit rose, as higher fares helped offset the costs of fuel and a rash of winter storms.

Investor urges Facebook to set up risk oversight committee

(Reuters) - An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company's handling of controversies such as the recent data privacy row.

Fed can keep rate hikes gradual without risking inflation: Evans

CHICAGO (Reuters) - The Federal Reserve can stick to a series of gradual U.S. interest-rate increases over the next couple of years without much risk of an unhealthy surge in inflation, Chicago Fed President Charles Evans said on Tuesday.

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