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Reuters: Business News

PG&E get approval to pay employees $350 million to meet safety goals after wildfires
PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider's safety goals to prevent wildfires, a judge said on Tuesday.


POSTED APRIL 23, 2019 7:55 PM
Snap restarts user growth with original shows, Android overhaul
Snap Inc's original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and top analyst revenue forecasts, but that was not enough to push its shares much higher after a sharp run-up this year.


POSTED APRIL 23, 2019 7:44 PM
S&P 500, Nasdaq hit record closing highs on upbeat earnings
The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown.


POSTED APRIL 23, 2019 7:18 PM
Boeing sees FAA approving software fix in May, MAX ungrounding in July: sources
Boeing Co has told some 737 MAX owners it is targeting U.S. Federal Aviation Administration approval of its software fix as early as the third week of May and the ungrounding of the aircraft around mid-July, two sources told Reuters.


POSTED APRIL 23, 2019 7:06 PM
Trump complained to Twitter CEO about lost followers: source
U.S. President Donald Trump met with Twitter Inc's Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he has lost some Twitter followers, a person briefed on the matter said.


POSTED APRIL 23, 2019 6:53 PM
EBay raises forecast as redesign draws customers, boosts ad revenue
EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue.


POSTED APRIL 23, 2019 6:45 PM
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers who are below 21 years old, amid a crackdown on widespread teenage tobacco use.


POSTED APRIL 23, 2019 6:42 PM
U.S. congressional leaders query Google on tracking database
The top Democrats and Republicans on the U.S. House Energy and Commerce Committee on Tuesday wrote Google Chief Executive Sundar Pichai raising concerns about reports of a massive database known as Sensorvault containing precise consumer location information on hundreds of millions of devices.


POSTED APRIL 23, 2019 6:33 PM
CBS suspends CEO search, fuelling Viacom merger expectations
CBS Corp on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek to merge with peer Viacom Inc.


POSTED APRIL 23, 2019 6:23 PM
Morgan Stanley shuffles jobs for wealth management executive
Morgan Stanley's Shelley O'Connor, one of two co-heads of the wealth management business, was named on Tuesday to lead two of the bank's regulated entities, according to an internal memo seen by Reuters.


POSTED APRIL 23, 2019 6:13 PM

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