Sectors

NYSE

U.S. economy likely shrank in first quarter, but fundamentals strong

The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.

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Refinery

Oil rises as dollar dips, eyes on U.S. stocks data

Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies.

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Factory worker

China May official factory PMI seen lackluster despite stimulus moves

China's factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.

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Smartphone user

FCC looks to crack down on robocalls, robotexts

The top U.S. telecommunications regulator wants to make it harder for telemarketers and other businesses to place unwanted robocalls and text messages under changes to autodialing rules proposed on Wednesday.

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Pump jack

Oil down about 3 percent again on dollar, awaits supply data

Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market amid concerns that U.S. crude supplies may have started rising again after three weeks of draws.

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Takata manufactured airbags

With 'attitude shift', Takata moves from denial to compromise in air bag crisis

Japan's Takata Corp, which for months resisted U.S. regulators' demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to compromise to try to resolve the ballooning auto safety crisis, said a person close to the company.

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Apple Inc

CBS CEO said met with Apple to discuss TV deal

CBS Corp (CBS.N) CEO Leslie Moonves met with Apple Inc (AAPL.O) last week to discuss a TV deal, he said at a technology conference Wednesday, and that discussions and negotiations for such a deal are ongoing.

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Tiffany and Company

Strong dollar hits Tiffany's quarterly sales

Luxury jeweler Tiffany & Co (TIF.N) reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales.

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Ben Bernanke

Bernanke sees no risk of hard landing in China, bullish on U.S. economy

Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy.

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Amazon Europe Holding Technologies

Amazon's Europe changes to boost tax bill, add secrecy

Amazon’s decision to change its tax-efficient European business structure could raise its tax bill by as much as $100 million a year but authorities will have to fight for additional money and any payments will be hidden from public view.

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U.S. Federal Reserve Vice Chair Stanley Fischer

Fed rate hikes may trigger global volatility: Fischer

When the Federal Reserve raises U.S. interest rates for the first time in nearly a decade, it should weigh the effects on global economies and can expect some bouts of financial market volatility, a top Fed official said on Tuesday.

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Pumpjack

Oil drops below $65 on U.S. shale outlook, dollar

Oil fell below $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar.

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Ignazio Visco

ECB's Visco says deflation fears eased but asset purchases must go on

The European Central Bank must continue its asset-purchasing program to ensure that euro area inflation returns to target levels, despite signs that deflation fears have eased, ECB governing council member Ignazio Visco said on Tuesday.

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Amazon boxes

Amazon pays $16 million tax in Germany, while making $11.9 billion sales

Internet retailer Amazon.com Inc.'s (AMZN.O) main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show.

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Greece

Germany sees progress on Greece, EU officials to confer on Thursday

A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5.

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