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- Asian shares sell-off on Wall Street tech rout, oil slides
Mon, 12 Nov 2018 22:38:06 -0500
Asian shares skidded on Tuesday, pressured by a tech rout on Wall Street and a slump in oil prices, while political risks in Europe buoyed the dollar as investors dumped riskier assets.
- Amazon picks NYC and Northern Virginia for its split 'HQ2': WSJ
Mon, 12 Nov 2018 22:31:46 -0500
Amazon.com Inc could announce as early as Tuesday that it has selected New York City and Northern Virginia to be the sites for its second and third headquarters, the Wall Street Journal reported https://on.wsj.com/2RQ2T5P on Monday.
- Apple's Asia suppliers fall amid fears of weak iPhone sales
Mon, 12 Nov 2018 22:17:06 -0500
Shares in Asian suppliers and assemblers for Apple Inc fell on Tuesday due to profit warnings that point to weakness in iPhone sales.
- Australian court rejects regulator's record fine against Westpac
Mon, 12 Nov 2018 20:38:36 -0500
An Australian court refused on Tuesday to approve a record A$35 million ($25 million) fine imposed on Westpac Banking Corp by the corporate regulator for using inappropriate calculations to determine if customers could afford home loans.
- General Electric seeks urgent asset sales as bond fears rise
Mon, 12 Nov 2018 19:09:54 -0500
General Electric Co will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high.
- Trade war and censors blow chill wind through China's giant tech scene
Mon, 12 Nov 2018 18:09:38 -0500
Wang Miaoyi's small one-bedroom apartment, which doubles as her design studio, is overflowing with game magazines, figurines and boxes of sci-fi novels.
- Apple, Goldman Sachs send Wall Street tumbling
Mon, 12 Nov 2018 17:27:25 -0500
Wall Street's major indexes tumbled on Monday as shares of Apple Inc and Goldman Sachs Group Inc dragged down the technology and financial sectors.
- Wall Street tumbles, S&P falls as much as 2 percent
Mon, 12 Nov 2018 17:27:25 -0500
Wall Street's major indexes fell on Monday, with the S&P 500 sliding 2 percent, weighed by technology and financial stocks as shares of Apple Inc and Goldman Sachs Group Inc came under pressure.
- Veritas Capital, Elliott to buy Athenahealth for $5.7 billion
Mon, 12 Nov 2018 17:08:00 -0500
Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday.
- Global stocks sell off as tech tumbles; dollar hits 16-month high
Mon, 12 Nov 2018 16:47:14 -0500
U.S. and European stocks fell sharply on Monday, with tech stocks in both regions getting hammered, while the U.S. dollar surged to its highest point in 16 months against a basket of currencies amid concern about European political risks.
- U.S. crude ends lower for record eleventh consecutive session
Mon, 12 Nov 2018 16:05:20 -0500
U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.
- Cable group urges antitrust probe of Comcast and Trump tweets support
Mon, 12 Nov 2018 15:49:08 -0500
President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world's biggest entertainment company.
- Apple shares drop on iPhone suppliers' warnings
Mon, 12 Nov 2018 14:23:30 -0500
Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales.
- Cosmetics giant Coty replaces CEO, chairman
Mon, 12 Nov 2018 13:52:04 -0500
Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.
- Rabobank explores sale of U.S. retail, wealth operations: sources
Mon, 12 Nov 2018 13:47:56 -0500
Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said on Monday.
- Takeda's Shire takeover to bring $963 million fee bonanza
Mon, 12 Nov 2018 13:30:27 -0500
Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical's $62 billion takeover of drugmaker Shire , according to documents for the deal published on Monday.
- VW could build up to 50 million electric cars: Automotive News
Mon, 12 Nov 2018 12:29:46 -0500
Volkswagen could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News.
- Wall Street equity traders to get biggest bonuses in 2018: study
Mon, 12 Nov 2018 12:28:34 -0500
Equity traders on Wall Street are expected to take home the biggest bonuses this year as a surge in volatility boosted client activity, but 2019 may not be as rosy, compensation firm Johnson Associates Inc said on Monday.
- Noble Group to name former Morgan Stanley banker as next chairman: sources
Mon, 12 Nov 2018 10:45:48 -0500
Noble Group Ltd is set to appoint Ian Potter, a former senior banker at Morgan Stanley, as its next chairman in a few weeks, just as the commodities trader seeks to complete its $3.5 billion debt restructuring, sources with knowledge of the matter said on Monday.
- Japan's SoftBank steps closer to transformation with mammoth mobile IPO
Mon, 12 Nov 2018 10:45:01 -0500
SoftBank Group Corp has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group's transformation into a top global technology investor.