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Wall St. flat as consumer stocks' gains offset by tech, financials

Wall Street was flat on Friday morning, coming off six straight days of gains and ahead of a three-day holiday weekend, as another strong day for consumer stocks was offset by weakness in financial and technology companies.

Recent Business News

Linde board to vote on Praxair merger on June 1: sources

MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.

6:51am EDT

California says VW clean car spending plan has shortcomings

SAN FRANCISCO California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.

12:15am EDT

U.S. home prices to rise at a strong pace on tight supply: Reuters poll

U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

9:15am EDT

Glass Lewis backs GM's board nominees, opposes Greenlight's proposal

General Motors Co said on Friday proxy adviser Glass Lewis & Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June.

10:14am EDT

OPEC ponders how to co-exist with U.S. shale oil

VIENNA First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

10:10am EDT

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