Month: October 2018

Bookseller Barnes & Noble Inc said on Wednesday it is exploring strategic options after several parties, including its chairman Leonard Riggio, expressed interest to buy the company.

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Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

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Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after U.S. economic data fueled a rise in Treasury yields, lifting financial stocks.

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Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world.

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The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro.

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Stock markets around the world were mixed on Wednesday amid signs that Rome would cut budget deficits and decrease its debt in the coming years, while U.S. Treasuries yields hit multi-year highs and the dollar firmed as data pointed to another Federal Reserve rate hike.

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Wall Street rose on Wednesday, with the Dow Jones Industrial Average hitting a record high for a second day after economic data boosted Treasury yields and lifted financial stocks.

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Facebook’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Wednesday commenced an investigation into a massive cyberattack on the social networking site that the company disclosed last week.

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Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

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The Dow Jones Industrial Average hit a record high on Wednesday, driven by gains in financial and technology stocks and a robust monthly private payrolls report.

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Oil rose more than 1 percent in volatile trade on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off the year’s largest build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

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U.S. services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter.

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U.S. holiday sales will increase 4.3 percent to 4.8 percent, getting a boost from a strong economy, according to a forecast from a leading retail industry group.

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Canadian oil companies Husky Energy Inc and MEG Energy Corp discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a hostile bid this week, according to a Husky filing.

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