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Stocks rally as Fed eases rate worry, tech climbs

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NEW YORK (Reuters) - U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.

General Mills to buy Blue Buffalo for $8 bln

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Cheerios cereal maker General Mills will buy Blue Buffalo Pet Products for nearly $8 billion to tap demand for natural pet food and offset falling sales for processed items. Aleksandra Michalska reports.

With rates low, Fed officials fret over next U.S. recession

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NEW YORK/LOS ANGELES (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch…

Dropbox files for IPO of up to $500M

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Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.

Top Stories in last day

02

GE says it may face U.S. action over subprime mortgage operations

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NEW YORK (Reuters) - General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime…

23

CORRECTED-FOCUS-How General Electric gambled on fossil fuel power, and lost

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NEW YORK (Reuters) - Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue…

22

Shale investors still waiting for payoff

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U.S. oil production has topped 10 million barrels per day, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Aleksandra Michalska reports.

19

REFILE-Toys are not us, investors to Target

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(Reuters) - Target Corp should hold off on plans to cash in on a perceived advantage in toys after the collapse of Toys "R" Us, several of the company's investors told Reuters, worried it could eat up capital desperately needed in an…

18

Wall Street gains as tech stocks rise

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(Reuters) - Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week's losses, which were sparked by concerns about interest rates.

General Mills moves into pet food with $8 billion Blue Buffalo deal

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(Reuters) - Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods.

EU leaders prepare for battle over post-Brexit budget

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European Union leaders staked out opposing positions on the size and aims of the bloc's budget on Friday ahead of tough negotiations to deal with a hole in Brussels' finances created by Britain's planned departure next year. David Pollard…

Fed sees rate hikes on track; continued U.S. growth

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WASHINGTON, (Reuters) - The U.S. Federal Reserve, looking past a recent stock market sell-off and concern about inflation, said it sees steady growth continuing and no serious risks on the horizon the might pause its planned pace of rate…

'Easy Ride' launches Nissan into the self-driving market

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Nissan Motor Co is taking its first steps to becoming an operator of autonomous vehicle services, hoping to break into a segment set to be dominated by Uber and other technology firms. Zahra Mackaoui reports.

17

U.S. senators press Justice Department on Daimler emissions probe: letter

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WASHINGTON (Reuters) - Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG after a media report alleged the automaker used potentially illegal software to pass diesel emissions…

U.S. banks set for M&A wave as Trump cuts red tape

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WASHINGTON (Reuters) - An easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives.

Breakingviews TV: X factor

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Disappointing sales of Apple's latest iPhone have taken their toll on its supply chain. Robyn Mak and Jeffrey Goldfarb discuss what the future holds for these Asian manufacturers.

15

China seizes control of Anbang, chairman prosecuted

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The Chinese government seizes control of Anbang Insurance and says its chairman has been prosecuted, a dramatic move that highlights Beijing's willingness to curtail big-spending conglomerates as it cracks down on financial risk. David…

13

Exclusive: Xi confidant emerges as front runner to head China’s central bank - sources

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BEIJING (Reuters) - Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People's Bank of China (PBOC), according to three sources…

12

Global stocks stay subdued as dollar edges higher

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LONDON (Reuters) - A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December.

08

GLOBAL MARKETS-Asia shares rebound as fidgety US rate fears shift again

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SYDNEY (Reuters) - Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as investors dipped their toes back into riskier…

Friday, Feb 23

Industrials and energy boost Dow, S&P but Nasdaq skids

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The Dow and S&P 500 advance to halt a two-session losing skid, on gains in industrials and energy, and U.S. Treasury yields ease, while the Nasdaq loses ground for a third straight session. Aleksandra Michalska reports.

Thursday, Feb 22

Trump's call for more gun regulation boosts firearm stocks

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SAN FRANCISCO (Reuters) - Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school…

Top Ford executive departs after behaviour probe

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Ford Motor Co has announced that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behaviour was "inconsistent with the company's code of conduct." Kate King reports

Exclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn

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CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.

Global stocks slip as U.S. rate risk sours sentiment, dollar holds gains

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SYDNEY (Reuters) - Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.

Wednesday, Feb 21

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

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(Reuters) - Microchip maker Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors NV to $44 billion.

GM pitches $2.8 bln investment in South Korea: officials

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General Motors has proposed a $2.8 billion investment over the course of ten years to save its branches in South Korea, according to government officials. This comes after the announcement that one of its four branches in the country was…

Gains in tech stocks, Amazon drive Wall Street higher

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(Reuters) - U.S. stocks rose on Wednesday, with technology shares and Amazon driving gains ahead of minutes of the Federal Reserve's most recent policy meeting.

U.S. Intel plans $5 billion investment in Israeli plant - minister

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JERUSALEM (Reuters) - Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in southern Israel, Israeli Economy Minister Eli Cohen said on Wednesday after talks with the U.S. chipmaker.

Tuesday, Feb 20

Dow, S&P snap winning streak as Walmart weighs

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NEW YORK (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark.

Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

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(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .

S&P, Dow falter after six days of gains as Walmart weighs

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(Reuters) - A steep fall in Walmart's shares put the skids on the S&P 500 and the Dow's six-day winning streak, but gains in Amazon and technology stocks kept the Nasdaq in positive territory.

GLOBAL MARKETS-Asian stocks slip after European surge fades, dollar extends bounce

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TOKYO (Reuters) - Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows.

Monday, Feb 19

Global stocks break recovery streak with U.S. and China closed

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LONDON (Reuters) - World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.

CORRECTED-GLOBAL MARKETS-Stocks extend global recovery, set for sixth day of gains

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LONDON (Reuters) - World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs.

GLOBAL MARKETS-Asian shares extend global recovery as volatility subsides

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TOKYO (Reuters) - Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs.

RPT-For timing of Aramco IPO, watch forward oil price curve

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LONDON (Reuters) - It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?