Wells Fargo faces $1 billion fine from loan abuses

(Reuters) - Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results.

Wall Street dips as bank stocks, Syria nerves weigh

NEW YORK (Reuters) - Financial stocks led a drop on Wall Street on Friday as results from big banks failed to provide enthusiasm and fear of broader conflict in Syria further unnerved investors.

Trump says U.S. will only rejoin Pacific trade pact if terms are improved

WASHINGTON/TOKYO (Reuters) - U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered "substantially better" terms than those provided under previous negotiations.

Musk insists Tesla does not need more capital, predicts profit soon

(Reuters) - Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher.

Stocks dip as U.S. bank shares fall; oil extends recent gains

NEW YORK (Reuters) - A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil prices extended recent gains that drove them to highs not seen since late 2014.

Bratz maker's CEO bids $890 million for Toys 'R' Us stores

(Reuters) - Bratz doll maker MGA Entertainment said on Friday its billionaire founder and chief executive, Isaac Larian, had made an $890 million bid for Toys 'R' Us stores in the United States and Canada.

U.S. bank executives see delayed boost from tax overhaul

NEW YORK (Reuters) - Banks have not reaped the full benefit of U.S. tax cuts, Wall Street executives said on Friday after a string of quarterly results, with expected business growth and higher consumer spending yet to materialize.

Wells Fargo CFO says government, not banks, should set gun policy

NEW YORK (Reuters) - Wells Fargo & Co believes the U.S. government, rather than banks, should set rules to promote gun safety, its finance chief said on Friday.

Unilever remuneration under fire from investor advisory firms

LONDON (Reuters) - Two influential shareholder advisory firms have issued warnings about remuneration at Unilever , setting the stage for dissent at next month's annual general meetings.

Mylan seeks deal for German Merck's consumer products unit: sources

FRANKFURT/NEW YORK (Reuters) - Generic drug maker Mylan NV is in advanced discussions to acquire Merck KGaA's consumer health business after other bidders failed to meet the German company's price expectations, people familiar with the matter said.

BRIEF-Adobe Names David Ricks To Its Board Of Directors

* ADOBE SYSTEMS INC - ADDITION OF RICKS EXPANDS ADOBE'S BOARD OF DIRECTORS FROM 10 TO 11 MEMBERS Source text for Eikon: Further company coverage:

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