Reuters US Business

By Echo Wang (Reuters) – U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains. Broadcom forecast quarterly revenue surpassing Wall Street expectations and predicted robust growth in demand …

US stocks close flat as Nasdaq extends weekly gains, S&P 500 and Dow dip Read More »

By Nandita Bose and Kanishka Singh (Reuters) – Apple CEO Tim Cook will meet Donald Trump on Friday night at the U.S. president-elect’s Mar-a-Lago resort in Florida, a source familiar with the matter told Reuters. Business leaders have attempted to establish a positive rapport with Trump since his election win in November. Meta Platforms and …

Apple CEO Tim Cook to meet with Trump on Friday Read More »

By Isla Binnie, Ross Kerber NEW YORK/BOSTON (Reuters) -Top U.S. asset managers were worried that signing up to an industry climate initiative could make them appear to be working too closely together and draw regulatory scrutiny, according to a report released on  Friday by a Republican-led U.S. congressional committee. The report is the latest released …

US House panel finds BlackRock, other asset managers wary of joining climate initiative Read More »

By Divya Rajagopal TORONTO (Reuters) – Ottawa and the provinces will respond robustly if the incoming U.S. administration goes ahead with a promise to impose tariffs on imports from Canada, Finance Minister Chrystia Freeland said on Friday. Prime Minister Justin Trudeau, Freeland and the 10 provincial premiers have held two phone calls recently to discuss …

Canada says it will respond robustly if US imposes tariffs Read More »

(Reuters) -Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, but have yet to decide on the amount, spokespeople for each bank said Friday. BofA, along with JPMorgan Chase & Co, were the two largest bank contributors to Trump’s 2017 inauguration. JPMorgan representatives …

Bank of America, Goldman to donate undecided amounts to Trump’s inaugural committee Read More »

WILMINGTON, Delaware (Reuters) – A Delaware judge cleared the way on Friday for Elon Musk and Tesla to begin legal appeals to try to reinstate the chief executive’s record-breaking $56 billion pay package from the electric carmaker. The order by Chancellor Kathaleen McCormick of the Court of Chancery opens the 30-day window for an appeal …

Judge clears way for Musk appeal to try to restore $56 billion Tesla pay Read More »

(Reuters) – Johnson & Johnson has sued divisions of Cigna, accusing the health insurer of working with a drug-benefit middleman to drain J&J’s financial-assistance funds earmarked for patients taking some of its pricier drugs, The Wall Street Journal reported on Friday. (Reporting by Sriparna Roy in Bengaluru; Editing by Shreya Biswas)