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- Former Fed chair Yellen says yield curve may signal need to cut rates, not a recession
Mon, 25 Mar 2019 05:55:13 -0400
Former U.S. Federal Reserve chair Janet Yellen said on Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.
- LVMH briefly sinks almost 9 percent; traders suspect 'fat finger'
Mon, 25 Mar 2019 05:42:12 -0400
Shares in luxury goods group LVMH briefly fell almost 9 percent at the open on Monday before recovering in what traders said was likely a "fat finger" erroneous trade.
- Inmarsat to go private in $3.4 billion buyout deal
Mon, 25 Mar 2019 05:33:26 -0400
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator last year rebuffed a slightly lower bid from U.S. rival EchoStar.
- Boeing sets briefing on 737 MAX as Ethiopian carrier expresses confidence in planemaker
Mon, 25 Mar 2019 05:27:47 -0400
Boeing Co will brief more than 200 global airline pilots, technical leaders and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.
- Ethiopian Airlines CEO promises to find out why flight 302 crashed
Mon, 25 Mar 2019 05:27:47 -0400
Ethiopian Airlines will work with investigators in Ethiopia, the United States and elsewhere "to figure out what went wrong with flight 302", the airline's CEO Tewolde Gebremariam said on Monday.
- 'Flashing amber': Global stocks tumble, bonds rally on U.S. recession risk
Mon, 25 Mar 2019 05:21:17 -0400
Investors ditched shares on Monday and fled to the safety of bonds as risk assets fell out of favor on growing fears of a U.S. recession, sending global yields plunging.
- Ethiopian Airlines has no immediate plans to attend Boeing's U.S. meeting
Mon, 25 Mar 2019 04:46:52 -0400
Ethiopian Airlines won't attend a meeting in the United States called by planemaker Boeing to tell aviation leaders about a planned update to software that is a focus of investigation in two deadly crashes, an airline spokesman told Reuters on Monday.
- China tech firms, seeking passion and energy, promote younger staff
Mon, 25 Mar 2019 04:33:42 -0400
Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.
- Fed's Evans says have to be nervous about yield curve, but U.S. economy solid
Mon, 25 Mar 2019 04:19:05 -0400
Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.
- Sports Direct opposes any Debenhams plan that wipes out equity
Mon, 25 Mar 2019 04:07:21 -0400
British sportswear group Sports Direct said any restructuring option pursued by Debenhams that could result in no equity value for the department store group's shareholders "is not a workable solution".
- Apple invites Hollywood to Silicon Valley in TV push
Mon, 25 Mar 2019 04:03:36 -0400
Apple Inc is expected to finally lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as iPhone sales taper.
- Oil prices slip amid worries of severe economic slowdown
Mon, 25 Mar 2019 04:01:18 -0400
Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela.
- U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude
Mon, 25 Mar 2019 02:26:07 -0400
U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.
- Trump push for China trade reform draws wide support at home, abroad
Mon, 25 Mar 2019 01:13:51 -0400
U.S. President Donald Trump's blunt-force use of tariffs in pursuing his "America First" trade agenda has angered many, from company executives to allied governments and members of both parties of Congress.
- Uber could announce $3 billion deal with Careem early this week: sources
Mon, 25 Mar 2019 00:10:45 -0400
Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters.
- S&P 500 futures flat after report finds no Trump campaign collusion with Russia
Sun, 24 Mar 2019 18:53:42 -0400
S&P 500 e-mini futures turned flat, after rising slightly, on Sunday after U.S. Attorney General William Barr said Special Counsel Robert Mueller had found no evidence of collusion between President Donald Trump's 2016 campaign team and Russia.
- Exclusive: Telecom equipment provider Avaya considers leveraged buyout - sources
Sun, 24 Mar 2019 14:53:01 -0400
Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, people familiar with the matter said on Sunday.
- Ethiopian Airlines questions Boeing's 'aggressive' software
Sun, 24 Mar 2019 10:59:09 -0400
An Ethiopian Airlines executive questioned whether Boeing had told pilots enough about "aggressive" software that pushes a plane's nose down, a focus of investigation into a deadly crash in Ethiopia this month.
- American Airlines extends Boeing 737 MAX flight cancellations through April 24
Sun, 24 Mar 2019 10:02:49 -0400
American Airlines said Sunday it will extend flight cancellation through April 24 because of the grounding of the Boeing 737 MAX after two fatal crashes since October and cut some additional flights.
- Bayer CEO says his team retains backing of supervisory board: report
Sun, 24 Mar 2019 08:57:46 -0400
Bayer's management retains the backing of its supervisory board, its chief executive said, after pressure on the company increased when a second jury in the United States ruled its glyphosate-based Roundup weed killer caused cancer.