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Updated: 2 hours 30 min ago

Wall Street closes lower in rocky session on Amazon losses

Wed, 03/28/2018 - 4:06pm
NEW YORK (Reuters) - Wall Street closed lower after a rocky session on Wednesday as gains in consumer staples and healthcare were offset by a sharp drop in Amazon shares and a continuing slide in technology stocks.

U.S. watchdog to probe Republican claims of FBI surveillance abuses

Wed, 03/28/2018 - 4:05pm
WASHINGTON (Reuters) - The internal watchdog at the U.S. Justice Department said on Wednesday he is launching a review into allegations by Republican lawmakers that the FBI made serious missteps when it sought a warrant to monitor a former adviser to President Donald Trump's 2016 election campaign.

Germany rejects criticism of bid for U.N. seat against Israel

Wed, 03/28/2018 - 3:35pm
NEW YORK (Reuters) - German Foreign Minister Heiko Maas rejected on Wednesday criticism of Berlin's decision to compete against Israel for a seat on the U.N. Security Council in 2019 and 2020, saying it was normal for a number of countries to seek representation.

FANG stocks' bite has U.S. fund managers looking for alternatives

Wed, 03/28/2018 - 2:58pm
NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries.

Driver plows into people in San Francisco, critically wounding four

Wed, 03/28/2018 - 2:31pm
(Reuters) - A driver plowed a vehicle into several people in San Francisco on Wednesday, critically wounding four, before fleeing the scene and triggering a manhunt, police said.

Wall St. edges up as gains in defensive shares counter Amazon losses

Wed, 03/28/2018 - 1:58pm
NEW YORK (Reuters) - Wall Street edged higher during a rocky session on Wednesday as gains for defensive stocks offset a sharp fall in Amazon shares and declines in technology stocks.

European powers press for Iran sanctions to buttress nuclear deal

Wed, 03/28/2018 - 1:37pm
BRUSSELS/PARIS (Reuters) - France, Britain and Germany sought on Wednesday to persuade their EU partners to back new sanctions on Iran to preserve a nuclear deal with Tehran that U.S. President Donald Trump has threatened to pull out of in May, diplomats said.

U.S. judge refuses to toss suit against Trump on foreign payments

Wed, 03/28/2018 - 1:28pm
WASHINGTON (Reuters) - A federal judge on Wednesday gave the go ahead to part of a lawsuit that accuses President Donald Trump of flouting constitutional safeguards against corruption by maintaining ownership of his business empire while in office.

Nasdaq trims losses as Facebook, Microsoft gain

Wed, 03/28/2018 - 11:58am
(Reuters) - The Nasdaq Composite index pared losses on Wednesday as gains in Microsoft and Facebook helped lessen the impact of Amazon's losses.

Supreme Court finds solution elusive in pivotal electoral map case

Wed, 03/28/2018 - 10:55am
WASHINGTON (Reuters) - U.S. Supreme Court justices on Wednesday appeared conflicted over what to do -- if anything -- to rein in politicians who draw state electoral maps with the aim of entrenching their party in power in a closely watched case from Maryland over the practice known as partisan gerrymandering.

EU discusses new Iran sanctions in move to buttress nuclear deal

Wed, 03/28/2018 - 10:35am
BRUSSELS/PARIS (Reuters) - European Union ambassadors discussed on Wednesday possible new sanctions on Iran, diplomats said, under plans aimed at persuading U.S. President Donald Trump to preserve an international nuclear deal with Tehran.

Tech problems keep shares shaky, dollar gets GDP boost

Wed, 03/28/2018 - 8:51am
LONDON (Reuters) - Stocks stumbled again on Wednesday, as jitters about a U.S.-China trade war and regulatory crackdown on tech firms such as Facebook left investors facing their first quarterly fall in equity markets in two years.

Ex-assistant to Weinstein denounces secrecy deal in UK parliament

Wed, 03/28/2018 - 7:31am
LONDON (Reuters) - A former assistant to Harvey Weinstein who signed a non-disclosure agreement in 1998 preventing her from talking about the alleged rape of a colleague told British lawmakers she was left fearing she could go to jail if she spoke out.

Lawyers for Reuters reporters ask Myanmar court to dismiss case

Wed, 03/28/2018 - 6:08am
YANGON (Reuters) - Lawyers for two Reuters reporters jailed in Myanmar asked a court on Wednesday to throw out the case, saying there was insufficient evidence to support charges against the pair, who are accused of possessing secret government papers.

China says North Korea's Kim pledged commitment to denuclearization

Wed, 03/28/2018 - 5:47am
BEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un pledged his commitment to denuclearization and to meet U.S. officials, China said on Wednesday after his meeting with President Xi Jinping, who promised China would uphold friendship with its isolated neighbor.

5,000 UK finance jobs may be moved by Brexit, half earlier forecast: Reuters

Wed, 03/28/2018 - 4:07am
LONDON (Reuters) - The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in international finance told Reuters.

On China trade clash, Wall Street embraces Trump's poker face

Wed, 03/28/2018 - 1:27am
SAN FRANCISCO (Reuters) - To Wall Street money managers who make bets for a living, U.S. President Donald Trump's aggressive stance against China on trade looks like a high-stakes poker hand - but they believe they can play it for all it's worth.

Fewer Russian spies in U.S. but getting harder to track

Wed, 03/28/2018 - 12:19am
WASHINGTON (Reuters) - The U.S. decision to expel 60 alleged spies is unlikely to cripple Russian spying in the United States because others have wormed and hacked their way into American companies, schools, and even the government, current and former U.S. officials said.

Supreme Court weighs Republican challenge to Maryland electoral map

Wed, 03/28/2018 - 12:14am
WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday considers for the second time in recent months whether to rein in politicians who draw state electoral maps with the aim of entrenching their party in power in a case involving a Maryland congressional district.

Exclusive: Spurned by top lawyers, Trump's defense elevates Washington outsider

Tue, 03/27/2018 - 9:42pm
(Reuters) - A little-known former prosecutor with a doctorate in medieval history will play a central role on U.S. President Donald Trump's legal team, as many top-tier lawyers shy away from representing him in a probe into Russia's meddling in the 2016 election.