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Wall Street's tech love affair might end in tears

SAN FRANCISCO Outsized returns delivered by Amazon.com , Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.

Recent Business News

Product exclusions from U.S. metals tariffs may take 90 days: document

WASHINGTON Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration's new metals tariffs, according to a Commerce Department document.

Mar 16 2018

Berkshire says median employee makes over half Buffett's pay

Berkshire Hathaway Inc on Friday said its median employee last year made a little over half the $100,000 salary that Chairman Warren Buffett was awarded for running the conglomerate that made him the world's third-richest person.

Mar 16 2018

Microsoft hits back at claims it ignored sexual harassment

SAN FRANCISCO A senior executive said Microsoft Corp thoroughly investigates issues raised by women in the workplace and fired about 20 employees last year over complaints of sexual harassment as the company seeks to counter claims that it treats female workers unfairly.

Mar 16 2018

Boeing moves to keep 777X on track after engine snag

SEATTLE Boeing Co has scrambled to reorganize testing of its new 777X to avoid being delayed by engine snags, while robots and mechanics are starting work on the fuselage, the executive who heads efforts to build the world's largest twin-engined jet said in an interview.

Mar 16 2018

Icahn unveils 6.9 percent stake in Newell, could seek board seat

Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie pens maker Newell Brands Inc , and said he could seek a board seat at the company, which is already battling another top shareholder over board representation.

Mar 16 2018


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