By David French and Bansari Mayur Kamdar (Reuters) – Another bumpy ride ended on Friday with the Nasdaq recovering much of the ground it lost in the previous session, as Amazon’s positive earnings capped a week of mixed big-tech numbers. Amazon.com Inc jumped after reporting robust earnings in the holiday quarter. Results from megacap growth…
(Reuters) – Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with knowledge of the matter. According to the report, the new iPhone will be the first update to the iPhone SE model in two years…
By Mike Spector and Dan Levine NEW YORK (Reuters) -Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers to…
NEW YORK (AP) — Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan, known as a “poison pill,” is effective immediately and set to expire on Feb. 2, 2023, the company…
By Julien Ponthus (Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong U.S. employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy on tech and other growth stocks, was recently jumping about 2% a day after a historic crash…
WASHINGTON (AP) — The message the U.S. jobs report sent Friday was a surprising one: Despite a surge in viral cases in January, the labor market is so healthy that employers kept hiring last month at a pace that far surpassed anyone’s expectations. Before Friday, the widespread view was that COVID-19’s highly transmissible omicron variant…
By Chibuike Oguh (Reuters) – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo Global Management Inc and Blackstone Inc, according to people familiar with the matter. Carlyle has prevailed in an auction to acquire New…
By Ann Saphir and Howard Schneider (Reuters) – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a hefty half-point jump. That’s likely a bridge too far, given what Fed policymakers have said, where the jobs market is now, and…
By Katanga Johnson WASHINGTON (Reuters) – Stock indexes around the globe traded mixed on Friday despite strong Amazon earnings, while gold prices slipped under pressure from a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data bolstered the case for Federal Reserve rate hikes. Earlier in the session, a sell-off in bonds…
BRUSSELS (AP) — The European Union on Friday imposed sanctions on five senior members of Mali’s transitional government, including Prime Minister Choguel Maiga, accusing them of working to obstruct and undermine the transition from military to civilian rule. The move comes days after Mali coup leaders ordered France’s ambassador to leave in what was the…
