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Tech stocks drag Nasdaq into losses for the year

(Reuters) – Shares in U.S. technology majors sank again on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and sending the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months. FILE PHOTO – Traders work on the floor of the New…

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Trump attacks Amazon, again, over U.S. postal rates

(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax. Trump’s comments on Twitter reiterated criticisms he made on Thursday about the company.…

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Russian tycoon Magomedov arrested on embezzlement charges

MOSCOW (Reuters) – Russian authorities on Saturday arrested billionaire Ziyavudin Magomedov on charges of embezzling more than $35 million, in one of the highest-profile prosecutions of a Russian tycoon in years. Magomed Magomedov, a business partner and brother of co-owner of Russia’s Summa group Ziyavudin Magomedov, attends a hearing on his detention…

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