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- Thomas Cook in talks with UK government and investors over rescue deal
Sat, 21 Sep 2019 14:12:29 -0400
Britain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.
- Huawei to join forces with China Mobile to bid for Brazil's Oi: report
Sat, 21 Sep 2019 10:25:20 -0400
Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile to potentially enter a dispute to buy struggling Brazilian carrier Oi SA , in an attempt to boost its footprint in Latin America's largest market, O Globo news website reported on Saturday.
- M&S suffers fresh blow as finance chief quits
Sat, 21 Sep 2019 08:12:26 -0400
Marks & Spencer Group Plc said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as the retailer is demoted from Britain's leading share index.
- Hopes for trade breakthrough fade as China cancels U.S. farm visits
Sat, 21 Sep 2019 05:18:26 -0400
A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington.
- U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve
Fri, 20 Sep 2019 21:42:59 -0400
U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc amid a broader reprieve on levies on computer parts, according to a public docket published by the U.S. Trade Representative and a Federal Register notice.
- Warren, Sanders to visit striking GM workers as dispute continues
Fri, 20 Sep 2019 21:17:11 -0400
Two major Democratic presidential candidates plan to visit striking General Motors workers in Detroit in the coming days as a five-day-old labor dispute threatens to enter its second week.
- Facebook suspends tens of thousands of apps in response to Cambridge Analytica row
Fri, 20 Sep 2019 21:08:17 -0400
Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company's ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.
- Fund managers gird for long trade war after FedEx slide
Fri, 20 Sep 2019 21:01:55 -0400
A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
- China, U.S. had 'constructive' trade talks in Washington: Xinhua
Fri, 20 Sep 2019 21:00:21 -0400
China and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday.
- Wall Street drops after China cancels trip to Montana farmland
Fri, 20 Sep 2019 20:18:31 -0400
Wall Street dropped on Friday, and also finished the week lower, after a Chinese agriculture delegation canceled a planned visit to Montana, dampening optimism about U.S.-China trade talks.
- Delaware judge says Tesla board must face trial over Musk's mega-pay package
Fri, 20 Sep 2019 19:55:36 -0400
A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company.
- U.S., China held 'productive' talks, still plan October meeting: USTR
Fri, 20 Sep 2019 18:34:34 -0400
U.S. and Chinese deputy negotiators held "productive" talks in Washington this week aimed at improving their trade relationship, the U.S. Trade Representative's office said on Friday without offering further details.
- Walmart to stop sales of e-cigarettes in U.S. stores: company memo
Fri, 20 Sep 2019 17:31:49 -0400
Walmart Inc told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths.
- Few U.S. lawmakers hit 'like' button after Facebook CEO visits Capitol Hill
Fri, 20 Sep 2019 17:21:53 -0400
Facebook CEO Mark Zuckerberg wrapped up three days of discussions with Washington movers and shakers on Friday, with few if any indications he had won new "friends" to help the top social media company deal with multiple probes by Congress, state attorneys general and federal regulators.
- Exclusive: Fitbit considers whether it should explore a sale - sources
Fri, 20 Sep 2019 17:11:21 -0400
Wearable device maker Fitbit Inc has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday.
- Stocks fall as China cancels U.S. farm visits, yields dip
Fri, 20 Sep 2019 16:49:53 -0400
An index of global stock markets surrendered early gains on Friday after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks.
- Fed in three voices: recession, bubbles, and 'in a good place'
Fri, 20 Sep 2019 16:43:45 -0400
After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions on full display Friday, with warnings of a slowdown on the one hand and financial risks on the other bookending talk of how well things are going.
- U.S. repo rate falls after Fed repo operation
Fri, 20 Sep 2019 16:43:45 -0400
The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system.
- Oil slips on trade fears but soars in week after Saudi production attacked
Fri, 20 Sep 2019 16:23:15 -0400
Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.
- Fed's Rosengren flags risks to economy in WeWork-style model
Fri, 20 Sep 2019 16:02:44 -0400
The rise in co-working spaces, like those offered by WeWork, may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday.