Forced inspections for engines used in Southwest explosion
April 20, 2018

Regulators in the U.S. and Europe followed a recommendation made on Friday by the manufacturer of the engine involved in a fatal explosion on a Southwest flight this week, which orders airlines to inspect engines immediately.


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Wall St slides as tech stumbles

Wall Street fell on Friday as investors worried about a jump in U.S. bond yields and tech stocks declined. Fred Katayama reports.


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Consumer staples stocks face headwinds, says Shawn Cruz

TD Ameritrade’s trader strategy manager also discusses the implications of the benchmark bond’s sharp climb with Reuters’ Fred Katayama


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Wells Fargo hit with record $1 billion fine

Wells Fargo agreed Friday to pay a record fine of $1 billion imposed by two U.S. regulators for abuses tied to auto insurance and home mortgages.


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Wells Fargo to pay $1 billion fine

Wells Fargo agreed to pay $1 billion in penalties to settle a probe into abuses at its auto and mortgage businesses. Fred Katayama reports.


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Sterling extends slide as Carney punctures rate hike bets

Britain’s pound has been knocked off its recent strong gains by comments from Bank of England governor, Mark Carney, that undermine expectations a UK rate hike in May. As David Pollard reports, sterling was down 1.35 percent for the week.


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Japan's Takeda takeover bid causes investor headache

Takeda Pharmaceutical shares lost almost 5 percent of their value on Friday as investors fretted over the size of any deal the Japanese firm would have to make after London-listed drugmaker Shire rejected its latest $63 bln bid. As Kate King reports, Botox-maker Allergan has also pulled out of the bidding battle.


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EXCLUSIVE: Lockheed to offer Japan stealthy hybrid jet

American defense contractor Lockheed Martin plans to offer Japan a new hybrid stealth fighter jet. Two sources exclusively told Reuters the new plane would be based on Lockheed’s export-banned F-22 Raptor and the advanced F-35.


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Amazon stock up as the company reaches 100 mln Prime subscribers

Amazon’s Chief Executive officer Jeff Bezos told shareholders the internet giant now has more than 100 million Amazon Prime members globally. Aleksandra Michalska reports.


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Wells Fargo faces record fine for abuses – source
April 19, 2018

Embattled bank Wells Fargo facing yet another penalty. A source telling Reuters Thursday that federal regulators are getting ready to slap a billion dollar penalty on the bank for a variety of alleged misdeeds.


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