Banks Lead Wall Street Slide After Dismal Jobs Data
Nonfarm payrolls increased by only 38,000 jobs last month against economists' forecast for an increase of 164,000.
NATO’s Top Soldier Says Trump Comments Play Into Hands Of Putin
The presumptive Republican nominee has called the decades-old NATO alliance obsolete and costly for the United States.
BMW Revamps R&D For New Era Of Self-Driving Cars
The company is updating its zero-emission vehicles after a lackluster response to its only fully battery-powered car, the i3, which recorded only 25,000 sales last year.
Israel ‘Engaging’ With ICC Over Gaza War Crimes Inquiry: Prosecutor
Israel denies committing war crimes in Gaza and has kept the small coastal enclave under a blockade largely since Hamas seized control there in 2007.
Exclusive: Congress Probes Fed’s Cyber Breaches, Seeks Records Dating Back To ’09
Congress on Friday sent a letter to Federal Reserve Chair Janet Yellen to express concerns over the central bank’s ability to protect sensitive information.
US Jet Strikes Target Islamic State From Mediterranean
The U.S. Navy gave no immediate details on whether the targets were in Iraq or Syria, or what sort of targets were hit.
JPMorgan Chase (JPM) CEO Jamie Dimon: Brexit Could Mean Fewer UK Jobs With Bank
"A vote to leave [the European Union] would be a terrible deal for the British economy," Chief Executive Jamie Dimon told the company's British-based staff Friday.
World Stocks Hold Near One-Week Low
Shares were dragged down by a slump in Japan and lackluster European markets, while concerns over Britain’s future in the EU continued to weigh on sterling.
Fed’s Evans Sees Case For Deferring US Rate Hikes For Years
The president of the Chicago Federal Reserve said rate hikes could be withheld until core inflation in the U.S. reaches 2 percent.
Apple Says All Services Resume After Outage
The iPhone maker said services related to iCloud and the Photos application have also resumed.
Sumner Redstone Has Capacity To Make Trust Decisions, Says Doctor
The 93-year-old had the "legal mental capacity" required when he removed Viacom CEO Philippe Dauman and board member George Abrams from the trust, Dr. James Spar concluded.
BP Agrees To Pay $175M To Settle Claims With Shareholders
Shareholders brought a class-action lawsuit that accused the company of misleading them by understating the severity of the 2010 oil spill in the Gulf of Mexico.
Facebook Board Seeks Curb In Zuckerberg Control In Event Of Founder's Departure
Facebook’s board said it will ask shareholders to vote on converting Mark Zuckerberg’s Class B shares into Class A shares if he is no longer in a leadership position.
Hyundai Motor Plans Luxury Electric Car Under Genesis Brand: Executive
“I think full electric cars will be the future in the auto industry,” said Senior Vice President Manfred Fitzgerald.
Asia Shares Steady, Markets Await US Jobs Data For Fed Clues
Investors Friday braced for U.S. payrolls data that could add to or detract from the case for a Federal Reserve interest rate hike later this month or in July.
Brent Crude Oil Stabilizes Around $50 After OPEC Meeting
OPEC failed to agree to a clear oil-output strategy on Thursday as Iran insisted on raising production to regain market share lost during years of sanctions.
Healthcare Helps Wall Street To Slight Gains; Jobs Report Next
The S&P 500 ended at its highest closing level in seven months on Thursday, while the Nasdaq minted its seventh straight day of gains.
Some Apple Services Resume Services After Outage
The App Store resumed operation, but other services related to iCloud and the Photos application remained unavailable to some users.
Two Jets From Elite US Military Squadrons Crash, One Reported Dead
The separate incidents, in Colorado and Tennessee, involved demonstration flights. One person was killed.
Former AIG Chief Maurice Greenberg Must Face New York Fraud Trial
The state could seek to recoup from Maurice Greenberg and a co-defendant tens of millions of dollars in bonuses and interest covering the 2000-2005 period when the alleged fraud occurred.
Euro 2016 Soccer: Pilots Plan Strike At Start Of Month-long European Championships In France
The Socialist government in France refuses to scrap labor changes despite fears the standoff could disrupt Euro 2016, which kicks off on June 10.
Walmart Says It Is 6-9 Months From Using Drones To Check Warehouse Inventory
In October 2015, the world’s largest retailer applied to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories.
US-Backed Fighters Advance To Cut Off Islamic State, Win Tacit Turkish Support
The assault aims to cut off Islamic State’s last stretch of the Syrian-Turkish frontier by seizing territory in northern Syria west of the Euphrates River.
US Private Payrolls Rise In May; Weekly Jobless Claims Fall
Another report on Thursday showed planned layoffs by U.S.-based employers fell 53 percent to a five-month low.
Payday Loans Face New Limits Under Proposal From US Consumer Bureau CFPB
The U.S. agency charged with protecting consumers from financial abuse is set to unveil a proposal that would limit short-term borrowings.
Somalia Ends Operation To Secure Hotel Bombed By Al Shabaab
The al Qaeda-affiliated group claimed responsibility for Wednesday's attack on the Mogadishu hotel that killed at least 16.
Clinton To Blast Trump On North Korea, NATO In Foreign Policy Speech
The speech on foreign policy in San Diego is aimed at shifting attention to the Nov. 8 presidential election, and away from rival Bernie Sanders.
Temasek, GIC Buy $1 Billion In Alibaba Stock In SoftBank Sale
Singapore state funds bought the shares in the Chinese e-commerce company as part of an $8.9 billion sale by Japan’s SoftBank Group, Alibaba’s biggest shareholder.
Oracle Hit With Whistleblower Lawsuit Over Cloud Accounting
A former senior finance manager accused upper management of trying to push her to “fit square data into round holes” to make Oracle Cloud Services’ results look better.
India, Westinghouse In ‘Advanced’ Talks To Close Nuclear Deal: Ambassador
A deal with Westinghouse would be the first such contract reached under the 2008 U.S.-India civil nuclear accord.