Wall Street edges higher to give Dow 11th straight record
NEW YORK (Reuters) - Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.
China says no intention of using currency devaluation to its advantage
BEIJING (Reuters) - China said on Friday it had no intention of using currency devaluation to its advantage in trade, responding to U.S. President Donald Trump's description of the Asian giant as the "grand champions" of currency manipulation.
U.S. new home sales rebound; consumer sentiment dips
WASHINGTON (Reuters) - New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.
J.C. Penney holiday quarter sales drop, to shut 130-140 stores
(Reuters) - Department store operator J.C. Penney Co Inc
reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low.
Ghosts of past tech IPOs could haunt Snap's performance
(Reuters) - Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.
BCBS, Cigna among insurer groups to meet with Trump on Monday
NEW YORK (Reuters) - The Blue Cross Blue Shield Association, which represents insurers in every state, said on Friday that it would attend a meeting between the health insurance industry and President Donald Trump on Monday.
Porsche, Audi lift VW to record underlying profit
WOLFSBURG, Germany (Reuters) - Record Audi and Porsche sales helped Volkswagen
swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.
Boeing to open first European factory, to invest 20 million pounds
(Reuters) - Boeing Co
said it would invest 20 million pounds ($24.98 million) to open its first production facility in Europe to make components for certain aircraft.
Bombardier shareholder hopes contract dispute is resolved out of court
MONTREAL (Reuters) - The chief executive of Canada's second largest pension fund, which owns a 30 percent stake in Bombardier Inc.'s
transportation division, said on Friday he hopes that a dispute between the company and Toronto's transportation agency over a rail car contract will be resolved out of court.
February U.S. auto sales seen up 0.6 percent: JD Power-LMC
(Reuters) - U.S. auto sales in February will increase less than 1 percent from a year earlier, even as consumer discounts remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday.