Wall Street rising … Trump’s commerce secretary to talk tariffs with EU … Schwartz to retire from Goldman, boosts Solomon as next CEO

NEW YORK (AP) — U.S. stocks are rising this morning with retailers and technology companies making some of the largest gains. At 10:27 a.m. Eastern Time, the S&P 500 index added 6 points, to 2,792. The Dow Jones industrial average rose 41 points, to 25,377. And the Nasdaq climbed 36 points, to 7,597. The Russell 2000 index of smaller-company stocks picked up 2 points, to 1,599.

WASHINGTON (AP) — President Donald Trump says his commerce secretary will be talking to the European Union about tariffs Trump argues have been unfair to the United States. Trump tweets that “Secretary of Commerce Wilbur Ross will be speaking with representatives of the European Union about eliminating the large Tariffs and Barriers they use against the U.S.A. Not fair to our farmers and manufacturers.” The president announced last week that the United States would impose heavy tariffs on imported steel and aluminum, with some countries potentially exempted.

NEW YORK (AP) — Goldman Sachs says that Harvey Schwartz, its co-chief operating officer, will retire next month, clearing the way for David Solomon to eventually become the next chief executive of the Wall Street firm. Schwartz and Solomon jointly hold the positions of co-chief operating officer and president. Both had been considered likely successors to Lloyd Blankfein, the current CEO.

CHARLOTTE, N.C. (AP) — Duke Energy says its top executive’s compensation has nearly doubled over the past two years. The country’s No. 2 electricity company by total customers reported to shareholders that Chief Executive Officer Lynn Good was paid more than $21.4 million in 2017, an increase from $10.8 million in 2015.

BERLIN (AP) — Germany’s biggest-selling newspaper says it’s ending a decades-long practice of commissioning photos of topless female models. The Bild daily says, “we will show no more topless productions of our own with women.” The paper says it’s increasingly felt that “many women find these pictures offensive or degrading, both here in the editorial department and also among our female readers.”

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