House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
KINSHASA, June 21 (Reuters) - Vodacom Group has reached an agreement with the Congolese government to end a standoff over the suspension of its 2G telecoms license, the telecommunications ministry said on Friday.
The ministry suspended the license in April, saying Vodacom Congo had not followed correct procedure when it paid $16 million to renew it in 2015.
The company has been negotiating with the authorities after losing the chance to challenge the suspension for three months as a result of a court ruling on Monday.
"An agreement has been reached. Vodacom has committed to comply with the demands of the state," said John Aluku, chief of staff to the telecommunications minister.
He declined to give further details. The ministry has previously said that the cost of renewing the license was $65 million.
Vodacom declined immediate comment. An internal email, seen by Reuters, announced to staff that an agreement had been reached, but did not mention the terms of the deal.
South Africa's Vodacom Group holds a 51% stake in Vodacom Congo.
The suspension has not affected Vodacom Congo's 3G or 4G licenses in Congo. It is not clear how many of its 12 million customers only have access to 2G coverage.
(Reporting by Stanis Bujakera and Fiston Mahamba Additional reporting by Aaron Ross in Dakar Editing by Louise Heavens)