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CBS shares tumble on report of sexual misconduct by CEO Moonves

July 27, 2018 - 12:48pm
Shares of U.S. television network CBS Corp tumbled 6.3 percent to $53.88 midday on Friday after the Hollywood Reporter said that the New Yorker magazine would soon publish a claim that CBS chief executive officer Les Moonves has been accused of sexual harassment.
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Twitter warns fake account purge to keep erasing users, shares drop 19 percent

July 27, 2018 - 12:46pm
Twitter Inc on Friday said it lost 1 million monthly active users from the previous quarter and warned the closely watched figure could keep falling as it deletes more phony accounts, causing the biggest one-day decline in its shares since 2016.
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U.S. not pursuing regime change, collapse in Iran: Mattis

July 27, 2018 - 12:36pm
The United States has not instituted a policy of regime change or collapse in Iran, U.S. Defense Secretary Jim Mattis said on Friday, telling reporters that the goal was still to change Iran's behavior in the Middle East.
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Fox and Disney shareholders approve deal for entertainment assets

July 27, 2018 - 12:27pm
Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney's $71 billion purchase of Fox's film and television assets.
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Judge to hear request for gag order against Stormy Daniels' lawyer

July 27, 2018 - 11:52am
Attorneys for Michael Cohen, the former personal lawyer for U.S. President Donald Trump, are expected to ask a federal judge in Los Angeles on Friday to issue a gag order against the lawyer for adult film actress Stormy Daniels.
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Global stocks poised for fourth week of gains, with focus on earnings

July 27, 2018 - 11:47am
World shares were little changed on Friday as mixed corporate profits and economic data that met expectations struggled to offset concerns over trade and central bank policy, though a key global equity index was still set for a fourth week of gains.
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Fast-growing California wildfire kills two, threatens city

July 27, 2018 - 11:46am
A fast-growing northern California wildfire killed a second firefighter on Friday as high winds drove it toward the city of Redding, prompting mass evacuations and threatening some 5,000 homes and businesses, officials said.
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South Africa's Ramaphosa says to discuss nuclear with Putin in future

July 27, 2018 - 11:43am
South Africa's President Cyril Ramaphosa said on Friday that a private meeting with Russian President Vladimir Putin this week ended with an agreement that the two countries would discuss a nuclear power deal in the future.
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Trump open to visiting Moscow after Putin invite: White House

July 27, 2018 - 11:21am
President Donald Trump is open to visiting Moscow, the White House said on Friday after Russian President Vladimir Putin said he had invited the American leader.
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Two dead as raging California wildfire spreads near city

July 27, 2018 - 11:06am
At least two firefighters have died fighting a fast-growing wildfire that sent residents fleeing from the northern Californian city of Redding, where homes and businesses burned and power was cut on Friday, fire officials said.
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Fox shareholders approve Walt Disney's $71 billion deal

July 27, 2018 - 10:52am
Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets.
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U.S. weighs sending forces to North Korea to search for more remains

July 27, 2018 - 10:34am
The U.S. military is "absolutely" considering the possibility of sending personnel to North Korea for the first time in more than a decade to search for additional remains of U.S. troops from the Korean war, U.S. Defense Secretary Jim Mattis said on Friday.
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U.S. Senate quietly votes to cut tariffs on hundreds of Chinese goods

July 27, 2018 - 10:09am
As trade tensions escalate between Washington and Beijing, the U.S. Senate quietly passed legislation on Thursday that would lower trade barriers on hundreds of items made in China.
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Russia's Putin tells Trump: 'Be my guest in Moscow'

July 27, 2018 - 9:59am
Russian President Vladimir Putin said on Friday he had invited Donald Trump to Moscow and that both he and the U.S. president want further summits, despite the uproar in Washington after the two leaders met in Helsinki last week.
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Putin says no plans to reject dollar but risks should be stemmed

July 27, 2018 - 9:58am
Russia has no plans to reject the U.S. dollar, even though Washington has undermined trust in its currency by using it as an argument in political disputes, Russian President Vladimir Putin said on Friday.
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Trump convenes election security meeting as hacking looms

July 27, 2018 - 9:47am
U.S. President Donald Trump will convene his national security advisers on Friday for a high-level meeting on election security, less than four months until Americans vote to determine whether his fellow Republicans maintain control of Congress.
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Trump denies knowing of 2016 Trump Tower meeting with Russians

July 27, 2018 - 9:46am
U.S. President Donald Trump on Friday denied knowing about the 2016 meeting his son Donald Trump Jr. and other campaign staff held at Trump Tower with a group of Russians who offered damaging information about Democratic rival Hillary Clinton.
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Consumers, soybeans lift U.S. economic growth to 4.1 percent

July 27, 2018 - 9:18am
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
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Special Report: Spiders, sewage and fees - the other side of renting from Wall Street

July 27, 2018 - 9:09am
The rental home seemed so beautiful when McKayla Ferreira first laid eyes on it. The roof had three gables, fruit trees grew in the backyard, and the front porch gleamed with a fresh coat of paint.
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Consumers, soybeans fuel U.S. second-quarter growth

July 27, 2018 - 9:02am
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
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