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- S&P, Dow edge lower on oil plunge; Nasdaq lifted by chipmakers
Fri, 25 May 2018 12:08:20 -0400
(Reuters) - The S&P 500 index and the Dow Jones Industrial Average dipped on Friday as a steep drop in oil prices weighed on energy stocks, with losses limited by gains in chipmakers and healthcare shares.
- New privacy law forces some U.S. media offline in Europe
Fri, 25 May 2018 06:36:09 -0400
LONDON (Reuters) - Major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in parts of Europe on Friday following the roll out of stringent new privacy regulations by the European Union.
- Tesla settles class action lawsuit over 'dangerous' Autopilot system
Fri, 25 May 2018 11:16:48 -0400
NEW YORK (Reuters) - Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and demonstrably dangerous."
- Trump metals tariffs make Granite City great again, but at what cost?
Fri, 25 May 2018 11:18:53 -0400
GRANITE CITY, Ill. (Reuters) - After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.
- FBI says foreign hackers have compromised home router devices
Fri, 25 May 2018 11:58:35 -0400
WASHINGTON (Reuters) - The FBI warned on Friday that foreign cyber criminals had compromised "hundreds of thousands" of home and small office router devices around the world which direct traffic on the internet by forwarding data packets between computer networks.
- Fiat Chrysler recalls 4.8 million U.S. vehicles for cruise control defect
Fri, 25 May 2018 12:01:00 -0400
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades.
- Exclusive: China Inc tightens reins on debt, raises specter of slowdown
Fri, 25 May 2018 07:26:05 -0400
SHANGHAI/BENGALURU (Reuters) - Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.
- Half of Walmart's workforce are part-time workers: labor group
Fri, 25 May 2018 12:01:57 -0400
NEW YORK (Reuters) - Part-time workers account for half of Walmart Inc's workforce, up from 20 percent in 2005, according to a labor group report on Friday that examined the company's increased shift away from more expensive full-time employees.
- Icahn sells some of his Herbalife shares, remains biggest investor
Fri, 25 May 2018 12:09:12 -0400
BOSTON (Reuters) - Billionaire investor Carl Icahn, who spent years defending Herbalife Nutrition Ltd against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him.
- Tax-dodge strategists probe loopholes in new U.S. law, IRS wary
Fri, 25 May 2018 11:10:50 -0400
WASHINGTON (Reuters) - Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.