European Union negotiators hope Theresa May's snap election can produce a strong prime minister with a clear popular mandate to hammer out the terms of Britain's withdrawal from the bloc, an EU official said on Tuesday.
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The Republican-led Congress averted a U.S. government shutdown on Friday, giving lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.
"The Senate passed the stopgap measure by voice vote without opposition after the House earlier approved it by a tally of 382-30. The measure now goes to Republican President Donald Trump to sign into law, preventing a shutdown of many parts of the federal government on Saturday, his 100th day in office."
Rising crude prices helped Chevron Corp (CVX.N) and Exxon Mobil Corp (XOM.N) easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions.
"First-quarter results were especially robust at Exxon, with quarterly profit more than doubling to $4.01 billion, even as production fell 4 percent."
Milan tax police have told Amazon they believes the world's largest online retailer has evaded around 130 million euros ($142 million) of taxes in Italy, a source close to the matter said on Friday.
"Amazon issued a statement denying it had evaded any taxes, and said its profits in Italy, on which taxes are paid, had been low due to its considerable investments in the country."
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.
"The world's largest asset manager is Wells Fargo's fourth-biggest shareholder, owning a 3.65 percent stake as of its latest filing at the end of 2016."
Apple Inc (AAPL.O) asked the state of California to make changes in its proposed self-driving car policies, the latest sign the company is pursuing driverless car technology.
"Alphabet Inc's self-driving car unit Waymo, Ford Motor Co, Uber Technologies Inc [UBER.UL], Toyota Motor Corp, Tesla Motors Inc and others also filed comments suggesting changes."
A U.S. appeals court on Friday blocked health insurer Anthem Inc's (ANTM.N) bid to merge with Cigna (CI.N), upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare.
"Two hours after the decision, Cigna traded at $155.65 and Anthem was at $177.45. Both were down less than half a percent."
A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher.
"Banks, industrials and other companies expected to win from Trump's policies surged following his unexpected election victory in November. Valuations for many grew stretched."
U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year's record volumes.
"Gasoline demand fell 218,000 barrels per day to 8.988 million bpd in February, according to the EIA's petroleum supply monthly report."
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.
"Gross domestic product increased at a 0.7 percent annual rate also as the government cut back on defense spending, the Commerce Department said on Friday. That was the weakest performance since the first quarter of 2014."
U.S. stocks were slightly lower in early afternoon trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter.
"Gross domestic product increased at a 0.7 percent annual rate, below the 1.2 percent rise estimated by economists, as consumer spending barely increased and businesses invested less on inventories. The economy grew at a pace of 2.1 percent in the fourth quarter."
Austrian energy and petrol station group OMV (OMVV.VI) is to buy a 40-percent stake in Smatrics, a company that provides charging points for electric cars, owned by hydropower firm Verbund (VERB.VI) and Germany's Siemens (SIEGn.DE), the Austrian companies said on Thursday.
"Smatrics manages around 400 charging points in Austria, which Verbund supplies with green power. It also handles the construction and management of charging points at petrol stations, for private households and companies such as retailers Ikea and Rewe, hotels and transport companies."
Exiger, a firm that helps businesses monitor compliances such as money laundering regulations, has agreed to buy OutsideIQ, a Canadian startup that specializes in technology that helps businesses assess and manage risk.
"New York-based Exiger, which has used OutsideIQ's cloud-based software since 2014, sells technology and services to help businesses comply with complex global regulations in areas such as money laundering and financial crimes."
Uncertainty is growing over a $9 billion offer for aircraft seats maker Zodiac Aerospace (ZODC.PA) by French aerospace firm Safran (SAF.PA) as the embattled target company puts finishing touches to delayed first-half earnings now due on Friday.
"Shares in Zodiac fell sharply on Thursday after French radio station BFM Business reported that Zodiac could change its mind about accepting a merger offer from Safran (SAF.PA), following previous falls in its share price."