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Thursday, March 30, 2017

Wall Street rises, aided by growth data; Nasdaq ends at record

(Reuters) - Wall Street gained on Thursday, led by financial shares, after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high.

U.S. economic growth revised higher, boosted by consumer spending

WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years.

Volkswagen settles 10 U.S. state diesel claims for $157 million

WASHINGTON (Reuters) - Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal.

FCC to vote to reform $45 billion business data market

WASHINGTON (Reuters) - The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.

Uber settles with Pennsylvania regulator following record fine

(Reuters) - Uber Technologies Inc has reached a settlement with Pennsylvania's taxi regulator to end the ride-sharing company's appeal of a record $11.4 million fine for operating illegally.

Sour Lululemon results may signal squeeze for athletic leisure lines

(Reuters) - The steep drop in Lululemon Athletica's stock price, following a sales warning that resulted from poor color choices in the company's spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Canadian yogawear retailer.

U.S. judge clears Toshiba's Westinghouse to tap bankruptcy loan

(Reuters) - A U.S. bankruptcy judge on Thursday cleared Westinghouse Electric Co, a unit of Japan's Toshiba Corp , to borrow an initial $350 million to support the company's global operations while it restructures operations.

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

(Reuters) - Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.

U.S. awards AT&T contract to build wireless network for first responders

(Reuters) - The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks.

Einhorn's GM plan poses conflict challenge for board

NEW YORK (Reuters) - Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members.