In first 100 days, a reversal of fortune for Trump favorites on Wall Street

SAN FRANCISCO (Reuters) – 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.

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In first 100 days, a reversal of fortune for Trump favorites on Wall Street

Congress passes short-term bill to avert government shutdown

WASHINGTON (Reuters) – The U.S. Congress on Friday passed stopgap legislation to avert a government shutdown at midnight and give lawmakers another week to reach a deal on federal spending through the end of the fiscal year, with contentious issues remaining to be resolved.

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Congress passes short-term bill to avert government shutdown

Foxconn plans U.S. investment; plans not final: Chairman Gou

WASHINGTON (Reuters) – Foxconn, the world’s largest contract electronic manufacturer and a major Apple Inc supplier, is planning an investment in the United States but has not finalized its plans, Chairman Terry Gou said as he exited the White House on Friday.

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Foxconn plans U.S. investment; plans not final: Chairman Gou

Merkel hopes for revival of frozen free trade talks with U.S.: interview

BERLIN (Reuters) – German Chancellor Angela Merkel said she was hopeful frozen negotiations on a free trade agreement between the European Union and the United States would be revived one day, in an interview to be published on Saturday.

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Merkel hopes for revival of frozen free trade talks with U.S.: interview

House passes stopgap spending bill to avert government shutdown

WASHINGTON (Reuters) – The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and give lawmakers another week to reach a deal on federal spending through the end of the fiscal year.

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House passes stopgap spending bill to avert government shutdown

BlackRock’s Fink a ‘big believer’ in Wells Fargo CEO

CHICAGO (Reuters) – 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.

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BlackRock’s Fink a ‘big believer’ in Wells Fargo CEO

U.S. appeals court blocks Anthem bid to merge with rival Cigna

WASHINGTON (Reuters) – A U.S. appeals court blocked health insurer Anthem Inc’s bid to merge with Cigna on Friday, upholding a lower court’s decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare.

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U.S. appeals court blocks Anthem bid to merge with rival Cigna

N.J. hospital gave its CEO $400K loan for a Philly apartment he never bought

St. Peter’s University Hospital’s decision to lend its CEO $400,000 highlights the lucrative perks available to health care execs in N.J.

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N.J. hospital gave its CEO $400K loan for a Philly apartment he never bought

VW to spend billions through 2022 to beef up engines portfolio: CEO

BERLIN (Reuters) – Volkswagen said it plans to invest billions of euros through 2022 to beef up its portfolio of combustion and electric drives as it braces for a further tightening of emissions rules in key markets.

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VW to spend billions through 2022 to beef up engines portfolio: CEO

U.S. truck, crossover sales drive GM profit beat

DETROIT (Reuters) – General Motors Co on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States.

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U.S. truck, crossover sales drive GM profit beat

Amazon, Alphabet drive Nasdaq to record high

(Reuters) – Gains in Amazon.com and Google parent Alphabet propelled the Nasdaq Composite to a record high, but the S&P 500 and the Dow Jones Industrial Average were little changed as weak economic data weighed.

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Amazon, Alphabet drive Nasdaq to record high

Bombardier shares slide after Boeing seeks U.S. anti-dumping probe

TORONTO (Reuters) – Bombardier shares fell as much as 5.45 percent on Friday after Boeing Co sought an anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada.

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Bombardier shares slide after Boeing seeks U.S. anti-dumping probe

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