General Motors halts Venezuela operations as authorities seize plant

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General Motors halts Venezuela operations as authorities seize plant

USA TODAY
General Motors halted operations in Venezuela on Thursday after the car maker’s plant in the country was seized by public authorities, the company said.

Exxon Won’t Say If It’s Seeking a Waiver From Russia Sanctions

Fortune
Exxon Mobil (xom, -0.59%) on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S.

What’s in a Starbucks Unicorn Frappuccino?

WXIA-TV
The Starbucks Unicorn Frappuccino has arrived and Dena, Megan and Kennelia have to try it. (April 19, 2017). Alexa Renee, KXTV 7:12 PM.

Saudi Arabia, Kuwait signal likely extension of oil supply cuts

Reuters
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger. 1/2.

Emirates cuts US flights, blaming Trump administration curbs

Washington Post
DUBAI, United Arab Emirates – Emirates, the Middle East’s largest airline, slashed its flights to the United States by 20 percent Wednesday, blaming a drop in demand on tougher U.S.

US bank regulator was suspicious about Wells Fargo’s sales practices but did little about it

Los Angeles Times
The nation’s top bank regulator knew about problems with Wells Fargo & Co.’s sales practices as far back as 2010, but did little to put an end to the bank’s abuses, an internal agency review has concluded.

BlackBerry Arbitration Ruling Cuts Into Qualcomm’s Profit — 2nd Update

Fox Business
An arbitration decision in a dispute with BlackBerry Ltd. weighed on Qualcomm Inc.’s earnings in the latest quarter, a further blow to its results after the chip maker paid a hefty South Korean government fine the previous quarter, and a reminder of

Why the Best Is Yet to Come for Netflix, Inc.

Motley Fool
The streaming giant has built a foundation that sets it up for long-term success. Daniel B. Kline. (TMFDankline). Apr 19, 2017 at 7:48AM.

Qualcomm (QCOM) Q2 Earnings Beat Estimates, Revenues Miss

Zacks.com
Qualcomm Inc. (QCOM – Free Report) , the largest manufacturer of wireless chipsets based on baseband technology in the U.S., reported mixed financial results for the second quarter of fiscal 2017 (ended Mar 31, 2017) wherein the bottom line outshined

IBM/Oil Scrambles Market

Nasdaq
Stocks were all mixed up on Wednesday, making it more difficult than ever to predict what their next real move will be. The Dow and S&P both started the session in the green, but another drop in sales for IBM and a slide in oil prices ultimately

Regulators deny proposed $12.2 billion merger of KCP&L and Westar

Kansas City Star
The Kansas Corporation Commission voted on Wednesday that a proposed merger of Kansas City Power & Light and Westar Energy was not in the public’s best interest, imperiling what would have been a $12.2 billion combination of utilities.

Here’s Gorman’s Wish List for Changes to U.S. Bank Regulations

Bloomberg
After reporting first-quarter results that beat analysts’ expectations, Morgan Stanley Chief Executive Officer James Gorman offered a laundry list of suggestions for revising U.S.

IBM shares dropped like a rock today

TechCrunch
Yesterday evening the company reported its 20th straight consecutive quarter of year-on-year losses. The company’s quarterly earnings beat expectations, but that wasn’t enough to save the share price.

Fed survey finds moderate economic growth in spring

SFGate
WASHINGTON – The Federal Reserve said Wednesday that the economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages.

Asian stocks recoup losses in cautious trade; oil supports

Reuters
A man walks in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, November 10, 2016.

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