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Wednesday, March 8, 2017
Elon Musk to join Trump Wednesday at infrastructure meeting: source
(Reuters) - Elon Musk, who heads Tesla Inc and Space X, will take part in a meeting with U.S. President Donald Trump and business leaders Wednesday on the administration's plans to boost infrastructure spending, a White House official told Reuters.
Fed to make sequential hikes until 'something breaks': Gundlach
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as a U.S. recession.
Fiat Chrysler's merger options dwindle as Volkswagen rejects overtures
GENEVA (Reuters) - Fiat Chrysler boss Sergio Marchionne's attempts to find a partner were frustrated for a second time in as many days on Wednesday, as Volkswagen (VW) joined General Motors (GM) in dismissing any interest in talks with their smaller rival.
German court names lead plaintiff in Volkswagen diesel test case
FRANKFURT (Reuters) - A German court named Frankfurt-based Deka Investment on Wednesday as lead plaintiff for 1,470 damages claims against Volkswagen totaling 1.9 billion euros ($2 billion).
Futures flat as investors eye Friday's jobs report
(Reuters) - U.S. stock index futures were little changed on Wednesday as investors treaded carefully ahead of a crucial jobs report on Friday that could firm up the chances of an interest rate hike next week.
'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks
WASHINGTON (Reuters) - When the bosses of some of the world's largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.
Adidas U.S. push keeps up pressure on Nike, Under Armour
HERZOGENAURACH, Germany (Reuters) - The new boss of Adidas increased sales and profit targets on Wednesday, sending shares in the German sportswear firm to a record high as he pledged to keep investing heavily in the key U.S. market and do more to boost e-commerce sales.
China's ZTE pleads guilty, settles U.S. sanctions case for nearly $900 million
NEW YORK/HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp has agreed to plead guilty and pay nearly $900 million in a U.S. sanctions case, drawing a line under a damaging scandal that had threatened its cut off its supply chain.
Factbox: Compare and contrast - Trump's tweets vs private comments to CEOs
WASHINGTON (Reuters) - U.S. President Donald Trump has gone on Twitter to lambaste a number of companies for cost over-runs, or high prices, or foreign manufacturing.
Watchdog to ask U.S. lawmakers to probe Icahn's role with Trump
(Reuters) - A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program.
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