Indexes trade near flat, pause as trade deal doubts resurface

U.S. stocks were near unchanged on Friday after President Donald Trump said he has not agreed to a rollback of U.S. tariffs sought by China, fueling doubts about the progress of trade talks between the two countries.

Gap commits to Old Navy split; CEO exit won't impact holiday shopping season

Gap Inc said on Friday it was sticking with plans to spin off its Old Navy brand into a separate company, as Wall Street analysts questioned its commitment to the project following the surprise exit of Chief Executive Officer Art Peck.

Southwest pulls Boeing Max jets until March, in longest U.S. delay yet

Southwest Airlines said on Friday it is extending the cancellation of flights using 737 MAX jets from its schedule by another month as Boeing Co faces increasing hurdles in winning approval to return the plane to service before the end of this year following two fatal crashes.

Trade deal doubts clip world stock rally, oil wavers

Oil prices faltered and global equity markets slid on Friday, halting a week-long record-setting rally on hopes a U.S.-China trade deal was near, as investors parsed statements from Beijing and Washington on where they stand on rolling back tariffs.

Trump says has not agreed to roll back tariffs on Chinese goods

President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world's two largest economies may end a 16-month trade war that has slowed global growth.

U.S. Supreme Court to consider blocking Booking.com trademark

The U.S. Supreme Court on Friday agreed to consider a bid by a federal agency to prevent the popular hotel reservation website Booking.com, a unit of Booking Holdings Inc , from trademarking the site's name, contending that it is too generic to deserve legal protection.

Activist investor Icahn sells nearly a third of his Occidental Petroleum stake

Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp's board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released on Friday.

FCC orders station groups to negotiate with AT&T in DirecTV dispute

The Federal Communications Commission on Friday said it was directing broadcast station groups to go to the negotiating table over whether to allow local stations to air on AT&T Inc's DirectTV after some consumers have been without access for five months.

Italian court convicts Deutsche Bank, Nomura in Monte Paschi derivative trial

An Italian court has convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative deals that prosecutors say helped the Tuscan bank hide losses in one of the country's biggest financial scandals.

U.S. CFTC orders Wells Fargo to pay $14 million over unfair foreign exchange trade

The U.S. Commodity Futures Trading Commission ordered Wells Fargo & Co to pay more than $14 million to settle charges it provided "misinformation" when conducting a large foreign exchange trade with a counterparty, the agency said in a statement on Friday.

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