Reuters: Business News 3 April 2018

Silicon Valley, Wall Street taking notes on Spotify debut

NEW YORK (Reuters) - Spotify Technology SA's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash.

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Wall Street higher as tech, consumer discretionary recover

(Reuters) - Wall Street's main indexes were higher on Tuesday, with the Dow Jones Industrial Average rising more than 100 points, helped by a recovery in the battered technology and consumer discretionary stocks.

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Tesla says no need for capital raise as Model 3 output rises

(Reuters) - Tesla Inc quashed any speculation it might need to raise more capital this year on Tuesday, driving the company's battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days of March.

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Pfizer in talks with P&G for consumer health unit sale: CNBC

(Reuters) - Pfizer Inc is in talks with Procter & Gamble Co for a sale of the U.S. drugmaker's consumer health business, CNBC reported on Tuesday, citing sources.

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Amazon shares pare some gains as Trump attacks company again

WASHINGTON (Reuters) - Shares of Amazon.com Inc pared earlier gains on Tuesday after U.S. President Donald Trump repeated his unsubstantiated claim that the world's biggest online retailer's deliveries cost the U.S. Postal Service money.

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Exclusive: EU antitrust regulators set to accept Gazprom concessions: sources

BRUSSELS (Reuters) - EU antitrust regulators are set to accept concessions from Gazprom in the coming weeks aimed at addressing concerns that the Russian gas giant abused its dominant position in eastern Europe, sources familiar with the matter said.

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Automakers' March U.S. sales rise, lifted by strong economy

DETROIT (Reuters) - Detroit's automakers posted sales gains in new vehicles in March on the back of a strong U.S. economy, sending shares in both General Motors Co and Fiat Chrysler Automobiles NV up in early trading.

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Murdoch's Fox could sell Sky News to Disney to appease UK regulator

LONDON (Reuters) - Rupert Murdoch has stepped up the pressure on Britain to approve his $14.5 billion bid for Sky by offering to sell or legally separate Sky News, seeking to allay concerns about the 87-year-old mogul's political influence.

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Steven Cohen wins dismissal of $8 billion Fairfax short-selling lawsuit

(Reuters) - The billionaire Steven A. Cohen has won the dismissal of an $8 billion lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd, hoping to "crush" or "kill" the insurer.

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