BlackRock snags more assets in market rout, boosts profit

NEW YORK (Reuters) - BlackRock Inc , the world's largest asset manager, generated higher profit during the first quarter by luring more money from investors even as stock and bond markets fell.

Exclusive: Chevron, Exxon seek 'small refinery' waivers from U.S. biofuels law

NEW YORK (Reuters) - Global energy giants Chevron Corp and Exxon Mobil have asked U.S. regulators for exemptions to the nation's biofuels policy that have historically been reserved for small companies in financial distress, according to sources familiar with the matter.

Broadcom to buy back up to $12 billion of shares

(Reuters) - Chipmaker Broadcom Inc said on Thursday it would buy back up to $12 billion of its common stock.

NTSB removes Tesla as a party in its probe of 'Autopilot' crash

WASHINGTON (Reuters) - The National Transportation Safety Board said on Thursday it had revoked Tesla Inc's status as a party to its investigation of a fatal crash in March in which the semi-autonomous "Autopilot" driving system was in use, after Tesla flouted terms of an agreement with the agency.

Wall Street rises on earnings hopes, easing Syria jitters

NEW YORK (Reuters) - U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump's suggestion that a military strike on Syria may not be imminent eased geopolitical worries.

Norway's Wideroe says may increase Embraer jet order

ABERDEEN (Reuters) - Scandinavia's largest regional airline said on Thursday it aims to increase its order for E2 jets after it received the first of three new-generation aircraft from Brazil's Embraer to become its inaugural operator.

VW names new boss to steer sweeping overhaul

BERLIN (Reuters) - Volkswagen has chosen Herbert Diess as its new chief executive in an overhaul that includes streamlining the company's multiple car brands into just three groups while preparing its truck business for a potential listing.

China vows to fight back if U.S. escalates trade spat

BEIJING (Reuters) - China's commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington's attempts at dialogue were not sincere, and vowed to retaliate if U.S. President Donald Trump escalates current tensions.

Volkswagen rushed revamp triggers labor concern: sources

BERLIN/MUNICH (Reuters) - Labor representatives at Volkswagen are concerned by a sudden rush by the German carmaker's board to approve sweeping changes on Thursday, sources said, while Handelsblatt reported that its finance chief could step down.

Trump touts effect of his call with China's Xi on U.S. beef exports

CHICAGO (Reuters) - U.S. President Donald Trump on Thursday said he thinks a conversation he had with China's President Xi Jinping has had an impact on U.S. beef exports to China, where American exporters are now selling "a lot" of beef.

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