Wall Street slips as weak GDP data weighs
(Reuters) - U.S. stocks were slightly lower in late morning trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter.
U.S. first-quarter growth weakest in three years as consumer spending falters
WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending barely increased and businesses invested less on inventories, in a potential setback to President Donald Trump's promise to boost growth.
House passes stopgap spending bill to avert government shutdown
WASHINGTON (Reuters) - The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and buy time on reaching a deal on federal spending through the end of the fiscal year.
U.S. appeals court blocks Anthem bid to merge with rival Cigna
WASHINGTON (Reuters) - A U.S. appeals court blocked health insurer Anthem Inc's
bid to merge with Cigna on Friday, upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare.
BlackRock's Fink a 'big believer' in Wells Fargo CEO
CHICAGO (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Friday he is a "big believer" in Wells Fargo & Co Chief Executive Tim Sloan and that the scandal-hit bank is now on a good path.
Surging Chevron, Exxon profits signal oil industry turnaround
HOUSTON (Reuters) - Rising crude prices helped Chevron Corp
and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions.
U.S. truck, crossover sales drive GM profit beat
DETROIT (Reuters) - General Motors Co
on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States.
Bombardier shares slide after Boeing seeks U.S. anti-dumping probe
TORONTO (Reuters) - Bombardier
shares fell as much as 5.45 percent on Friday after Boeing Co sought an anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada.
Google's search for non-ad revenue puts spotlight on cloud, Pixel
(Reuters) - Alphabet Inc's non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google's advertising juggernaut and its moonshot ventures that have captured popular imagination.
VW to spend billions through 2022 to beef up engines portfolio: CEO
BERLIN (Reuters) - Volkswagen
said it plans to invest billions of euros through 2022 to beef up its portfolio of combustion and electric drives as it braces for a further tightening of emissions rules in key markets.