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Remarks increase pressure on Beijing and seek to absolve US over nuclear talks
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Oil prices pull back on rumours Opec is considering relaxing supply caps
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 OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to...
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UK income stocks have higher yields on average, but the future is less certain
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 * Rio divesting assets that don't meet its return
requirements
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May 23 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
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 (Reuters) - Shareholders of casino operator Wynn Resorts Ltd voted against the company's executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday.
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* Value of SoftBank's investment up 60 pct in less than a
year
(Adds details of SoftBank's investment strategy)
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 Money is often a sore subject among women. 61% would rather discuss their own death than delve into money matters with associates and friends, as per a recent report by Merrill Lynch and Age Wave.
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Las Vegas casino workers vote to authorize strike at any time starting June 1.
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(Adds analyst comment and nickel; updates prices)
By Manolo Serapio Jr
MANILA, May 23 (Reuters) - London copper futures edged lower
on Wednesday, pulling back from the previous session's nearly
one-month peak, after U.S. President Donald Trump said he was
not pleased with recent trade talks between the United States
and China.
His comments on Tuesday came after U.S. Treasury Secretary
Steven Mnuchin said over the weekend that the two countries had
put the prospect of a trade war "on
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A shift to a green energy economy is bringing a new variety of political tensions
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Lawmakers are moving to thwart Trump administration efforts to ease restrictions on Chinese telecom giant ZTE and other sensitive technology, citing fears the positions would compromise national security in the latest twist in trade negotiations.
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TOKYO (Reuters) - Asian shares were mostly weak on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world's two largest economic powers. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan's Nikkei lost as much as 1.4 percent to hit a 1-1/2-week low and the Shanghai Composite Index retreated 0.6 percent.
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 European Union law makers grilled Facebook Inc. Chief Executive Mark Zuckerberg Tuesday, peppering him with complex questions on topics ranging from election interference to whether the company operates a monopoly.
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Shareholders in Wynn Resorts Ltd. voted overwhelmingly against the company's executive compensation plan, according to results released Tuesday, a rare public rebuke of the corporation's leadership in the months since founder Steve Wynn resigned amid sexual-misconduct allegations.
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The bill, now near certain to pass, scales back the rules but does not repeal them entirely.
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(Reuters) - J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.
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Dallas News
J.C. Penney CEO Marvin Ellison is quitting the 116-year-old department store chain after three years to become CEO of home-improvement retailer Lowe's, and on Tuesday he called it a "gut-wrenching decision." Ellison made a 3.5-minute video for ...
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2018-05-22 0000899243-18-013792 35 KB
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Sony's acquisition of EMI Music Publishing will add the vast majority of a legendary catalog of compositions to its already massive publishing vault.
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WASHINGTON, May 22 (Reuters) - The U.S. House of
Representatives passed on Tuesday bipartisan legislation that
would ease bank rules introduced in the wake of the 2007-2009
financial crisis, giving President Donald Trump a major
legislative victory.
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BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.
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WASHINGTON (Reuters) - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne.
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WASHINGTON, May 22 (Reuters) - The U.S. House of
Representatives passed on Tuesday bipartisan legislation that
would ease bank rules introduced in the wake of the 2007-2009
financial crisis, giving President Donald Trump a major
legislative victory.
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 The ACLU and civil rights groups are demanding Amazon stop selling a facial recognition tool to the government
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WASHINGTON, May 22 (Reuters) - U.S. President Donald Trump
on Tuesday floated a plan to fine ZTE Corp
and shake up its management as his administration considered
rolling back more severe penalties that have crippled the
Chinese telecommunications company.
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Facebook chief executive Mark Zuckerberg was pilloried at a hearing Tuesday with European policymakers who are investigating the social network's recent privacy mishaps.
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 Read full story for latest details.
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Mark Zuckerberg apologized to EU lawmakers over the fake-news and privacy scandals engulfing Facebook, but rebuffed suggestions that the company has outsize market power and avoided responding to many difficult questions.
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Amazon has been providing facial recognition tools to law enforcement agencies in Oregon and Orlando for only a few dollars a month, according to documents obtained by American Civil Liberties Union of Northern California, paving the way for a rollout of technology that is causing concern among...
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Bloomberg
The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years. As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American
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Japan's Nikkei slumped more than 1% in early trading Wednesday, as Asian stock markets pulled back following new uncertainty about trade tensions between the U.S. and China and the possibility that the summit between President Donald Trump and North Korean leader Kim Jong Un may be delayed.
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HPE earnings call for the period ending April 30, 2018.
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The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to "do a big number" on the Dodd-Frank Act.
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 Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
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 Shares of Urban Outfitters Inc. fell more than 4% late Tuesday after the retailer reported first-quarter earnings and sales above Wall Street expectations. Urban Outfitters said it earned $41 million, or 38 cents a share, in the quarter, compared with $12 million, or 1 cent a share, in the year-ago period. Sales rose to $856 million, from $761 million a year ago. Analysts polled by FactSet had expected earnings of 31 cents a share on sales of $838 million for the quarter. Urban Outfitters stock ended the regular trading day down 2.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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* Dow down 0.7 pct, S&P 500 down 0.3 pct, Nasdaq down 0.2
pct
(Updates to close)
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New York Post
Turns out Amazon's 30-day return policy isn't so liberal after all. The company has been banning people it claims are sending back too many items, according to the Wall Street Journal. The e-commerce giant — whose self-proclaimed mission is "to be
Amazon Is Banning Some Frequent ReturnersFortune
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Activist hedge funds such as those run by billionaires Carl Icahn, Bill Ackman and Daniel Loeb, have more of an impact on a company than just forcing management to dance to their tune.
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Record-high fuel costs have far-reaching effects across India's economy
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Regulator drew unwelcome parallels with another tech group that ‘failed to innovate'
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More first-time customers tried ordering food through Grubhub in the first quarter of this year than ever before as the Chicago-based company continues its expansion to new cities.
Grubhub has launched in 50 new cities so far this year, CEO Matt Maloney said Tuesday morning, following the release...
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Dozens of civil-rights organizations called on Amazon.com to stop selling its facial-recognition technology to law-enforcement organizations.
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WASHINGTON, May 22 (Reuters) - The U.S. House of
Representatives passed on Tuesday bipartisan legislation that
would ease bank rules introduced in the wake of the 2007-2009
financial crisis, giving President Donald Trump a major
legislative victory.
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JCPenney's(JCP) shares fell today on news of the departure of Marvin Ellison, CEO. While it's tempting to look at JCP as a sad story of poor management, that is a defensive mindset that protects leaders from recognizing their own fallibility. Great leaders know that a crisis can happen to them.
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Rising oil prices are starting to become a drag on global growth, say economists at UBS, who take a look at what would happen if crude topped $100 a barrel.
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The company, Ossic, told its backers that it wouldn't be delivering any remaining orders and was shutting down immediately.
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Bloomberg
ZTE Corp. is estimating losses of at least 20 billion yuan ($3.1 billion) from a U.S. technology ban that's halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecoms gear and smartphone
ZTE reportedly expects
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 Ten female Mcdonald's current and former employees have filed sexual harassment complaints against the company over the past week.
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Quartz
Elon Musk had a busy morning fixing Tesla's Model 3 braking issue and sparring with the Twitterverse today (May 22). A provocative tweet can send Musk off on a tangent. This week was no exception. One of Musk's tweets showing off the SpaceX crew ...
Tesla's Model 3 isn't really for the mass market -- it's a luxury car
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* OPEC cuts, looming U.S. sanctions on Iran also support
prices
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Still none of the biggest U.S. Wall Street banks has ever been led by a woman
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 Find out why the potential end of a government dispute helped one of these stocks.
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Reuters
WASHINGTON (Reuters) - Households are feeling more stable, small businesses are making money and many expect to expand and hire in the coming year, signs of continued optimism in two key parts of the economy, the Federal Reserve reported Tuesday ...
Jobs: 74% of adults
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 Stung by a negative review of the Model 3 by Consumer Reports, Tesla CEO Elon Musk is promising to fix problems cited by the magazine.
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* OPEC cuts, looming U.S. sanctions on Iran also support
prices
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Micron (NYSE: MU) has performed strongly over the past couple of years. The company reported record revenue ($29.5 billion, 64% year-over-year) in 2017, and expects to grow by nearly 33% annually over the next two years. Revenue growth was seen across all the segments -DRAM, Trade NAND, and Other...
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Australia-based Santos rejected a $10 billion takeover bid by Harbour Energy, saying the offer undervalued it given recent oil-price gains.
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CNNMoney
China is cutting the tariffs it charges on imported cars, giving a potential boost to foreign automakers in the world's largest market. The Chinese Finance Ministry said Tuesday that it will cut import duties on passenger vehicles to from 25% to 15
China Cuts Car Tariffs, in a Small Offering to US on TradeNew York Times
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Jezebel
McDonald's, fast food conglomerate and alleged sexual harassment cesspool, is at the center of a slew of complaints filed by workers in the last week. The Fight for $15, which campaigns around pay increases for low-wage workers, and the TIMES UP Legal ...
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Withdrawal from the nuclear deal has already been priced in by traders.
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