Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
NEW YORK (Reuters) - Pinterest Inc's initial public offering set the online scrapbook company's valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc's struggles.
Major automakers fear Trump 'grenade' - imposing U.S. auto tariffs
NEW YORK (Reuters) - Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?
Boeing making 'steady progress' on path to 737 MAX software certification: CEO
WASHINGTON/CHICAGO (Reuters) - Boeing Co is making "steady progress" on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday.
Asian shares edge up to nine-month high, European, Japan PMIs awaited
TOKYO (Reuters) - Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines.
Explainer: How 5G drove moves by Apple, Qualcomm and Intel
SAN FRANCISCO (Reuters) - Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business.
Trump team readies PR offensive on North America trade deal's economic effects
WASHINGTON (Reuters) - The Trump administration is readying a public relations offensive over the economic impact of its new North American trade deal to counter a crucial report expected on Thursday that economists see as likely to show minimal gains at best.
Oil prices extend losses despite surprise drop in U.S. inventories
SYDNEY (Reuters) - Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session.
Exclusive: Spain's Repsol suspends swap deal for Venezuelan oil under U.S. pressure
HOUSTON/MEXICO CITY (Reuters) - Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.
Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source
(Reuters) - Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday.
Wisconsin governor says he wants to renegotiate Foxconn contract
(Reuters) - Wisconsin's governor said on Wednesday he wants to renegotiate the state's contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state.