S&P edges higher on energy, industrials but Dow slips

NEW YORK (Reuters) - The S&P 500 eked out a small gain while the Dow ended lower after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes.

U.S. economic growth on track despite tariff concerns: Fed report

WASHINGTON (Reuters) - "Robust" business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one big outlier.

SunPower buys U.S. rival SolarWorld to head off Trump tariffs

(Reuters) - SunPower Corp on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports.

Zuckerberg under pressure to face EU lawmakers over data scandal

STRASBOURG (Reuters) - Facebook Inc's Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans.

Stocks near four-week highs, supported by corporate earnings

NEW YORK (Reuters) - World equity markets approached a four-week high on Wednesday as investors' appetite for riskier assets was boosted by upbeat earnings from companies in Europe and the United States.

Investor urges Facebook to set up risk oversight committee

(This April 17 story corrects first paragraph to show Trillium is an asset manager not an activist hedge fund)

Time Warner CEO says merger with AT&T needed to compete with internet titans

WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.

Explainer: Ant Financial's $150 billion valuation, and the big recent bump-up

HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion.

Morgan Stanley executives tamp down enthusiasm on record profit

(Reuters) - Morgan Stanley reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong.

GM abruptly replaces head of Cadillac brand

(Reuters) - General Motors Co said on Wednesday that it was replacing Johan de Nysschen as head of its Cadillac brand, ahead of the launch of a new sport utility vehicle central to GM's hopes for luxury market growth.

BRIEF-Canadian Pacific Q1 Adjusted Earnings Per Share C$2.70

* CP REPORTS FIRST QUARTER REVENUE OF $1.66 BILLION; POSITIVE MOMENTUM HEADING INTO SECOND QUARTER

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