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Wall Street edges lower as tech stocks, bond yields weigh

NEW YORK (Reuters) - Wall Street fell into negative territory on Monday as signs of soft smartphone demand took a toll on tech stocks and a rise in bond yields dented demand for equities, offsettin...

U.S. extends deadline for Rusal sanctions, aluminum prices dive

WASHINGTON/MOSCOW (Reuters) - The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them i...

EU seeks to join U.S.-China steel dispute at WTO

BRUSSELS (Reuters) - The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U....

Hasbro blames Toys 'R' Us for poor first quarter

(Reuters) - Hasbro Inc reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys 'R' Us for a slide in revenue but also promising the worst would be over...

High-profile investors bet on stocks tied to millennials: Sohn Conference

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday, ranging from online food ordering to homebuilders, that shoul...

Wells Fargo CEO's pay details spark pushback by some employees

WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co's disclosure of how its chief executive's pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scan...

Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. ...

U.S. home sales increase strongly; inventory remains tight

WASHINGTON (Reuters) - U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and highe...

Pier 1 shares slump to eight-year low after analyst warning

SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock plunged to its lowest level since 2009 on Monday after an analyst recommended investors avoid the shares until the furniture and home decoratio...

Newell, Starboard end proxy fight with Icahn's backing

(Reuters) - Consumer products maker Newell Brands Inc and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn ...

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