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Wires

  • *White House pushes back against criticism. Citing the need to stay engaged with the administration, business leaders said they would remain in their advisory roles to continue working to influence White House policies. Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after...

  • June 2- Apple Inc is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of Amazon.com Inc's competing Alexa service. But the Cupertino, California company is likely to stick to its tested method of focusing on a small amount of features and trying...

  • TORONTO, June 2- The heavily shorted Canadian dollar edged higher on Friday against its broadly weaker U.S. counterpart, recovering from an earlier two-week low as data showing a rise in Canada's exports offset the impact of lower oil prices. The export strength coupled with improved investment in the first quarter would be seen as an encouraging sign by the...

  • *Chicago wheat ends narrowly mixed. Minneapolis Grain Exchange July spring wheat settled up 5 cents at $5.83-3/ 4 per bushel after reaching $5.90, the highest spot price since mid-January. The spot contract has not traded above $5.90 since July 2015.

  • SEATTLE, June 2- Boeing Co said on Friday it had delayed the delivery of its third 737 MAX jetliner, set for next week to Norwegian Air Shuttle, a move that comes after a brief delay in delivery of the first MAX last month. The 737 MAX is the latest version of Boeing's best-selling aircraft. This will not affect our operation or our passengers, " Norwegian Air said in a...

  • Wal-Mart is successfully using e-commerce to boost sales but does not want to alienate workers who have helped drive gains with improved customer service and higher morale following a rise in base pay to $10 an hour. The shift followed complaints by labor groups that Wal-Mart had to do more for workers, despite the company's $2.7 billion investment in...

  • TORONTO, June 2- Canada's main stock index fell on Friday, dragged lower by weakness in energy stocks as oil prices fell and a modest dip in heavyweight financial shares after U.S. jobs growth came in below expectations. "Just about everything here is hitting a rough patch," said John Kinsey, portfolio manager at Caldwell Securities Ltd. "We may be hitting the summer...

  • June 2- Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday. Coinbase said in January it raised $75 million from several major financial institutions including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA.

  • LISBON, June 2- Portugal's public prosecutor named Energias de Portugal CEO Antonio Mexia as a suspect in a corruption investigation on Friday after police searched the offices of EDP, grid operator REN and the local division of Boston Consulting Group. A spokeswoman for the prosecutor said Mexia, who has run Portugal's biggest company since 2006, was a...

  • NEW YORK, June 2- Wall Street's top banks are united in the belief the Federal Reserve will raise U.S. interest rates when it meets in two weeks' time, but recent choppy data on the U.S. economy has created a division of opinion about what happens after that, a Reuters poll showed on Friday. "The overall report shows a continued tightening in labor markets and should help...

  • June 2- Employment growth may be slowing, potentially signaling a rising risk of a recession, but the Federal Reserve has tactical reasons to forge ahead with interest rate rises. Even though flagging job creation would remove the single leg of the Feds one-legged justification for tightening, dont expect the U.S. central bank to be quick to back away from its...

  • WASHINGTON, June 2- Nobody at the White House was able to say on Friday whether President Donald Trump believes in climate change. "I have not had an opportunity to have that discussion," White House spokesman Sean Spicer told reporters. But speaking to reporters at the White House, Pruitt declined to directly answer questions about whether the president still...

  • *Dow, S&P 500, Nasdaq close at record highs. NEW YORK, June 2- The dollar fell to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected in May, but equity investors took the news in stride and pushed leading American, British and German stock indexes to record highs. Nonfarm payrolls increased 138,000 in May as the government,...

  • WASHINGTON, June 2- U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16- year low of 4.3 percent. Nonfarm payrolls increased 138,000 last month as the manufacturing, government and retail sectors lost...

  • QUITO, June 2- Ecuador arrested five people on Friday, including a relative of the vice president, and raided several companies as part of a local investigation into Brazilian construction company Odebrecht's corruption scandal. The state prosecutor's office did not provide names, but Vice President Jorge Glas, who oversaw the oil and infrastructure sectors...

  • NEW YORK, June 2- U.S. stocks closed at record levels for a second consecutive session on Friday, as gains in technology and industrial stocks more than offset a lukewarm jobs report. Despite the disappointing data, market participants still largely anticipate the Federal Reserve to raise rates at its June 13-14 meeting, with traders expecting a 90.7- percent...

  • June 2- As Wall Street awaits President Donald Trump's vision for financial regulation, big U.S. banks are pushing for a lucrative change his appointees can execute without a legislative fight: easing annual stress tests. "While we believe that stress-testing is the best way to gauge capital adequacy, we also believe that a fresh look at how stress-testing is...

  • TORONTO, June 2- Canada's benchmark stock index finished lower on Friday as energy stocks, depressed by falling oil prices, led the market lower. The Toronto Stock Exchange's S&P/TSX composite index close 27.16 points down, or 0.2 percent, at 15,442.75. Of the index's 10 main industry groups, six were in negative territory.

  • NEW YORK, June 2- U.S. stocks closed at record levels for a second consecutive session on Friday, boosted by gains in technology and industrial stocks that more than offset a lukewarm jobs report.

  • NEW YORK, June 2- U.S. stock price volatility is at a more than two-decade low but you would hardly know that by looking at options trading volume, which is on pace to beat the last two years. "Volumes are holding pretty steady compared to the last few years, despite the lack of volatility in the marketplace," said Tom Lehrkinder, senior analyst at consultancy TABB Group.