Month: October 2018

HSBC on Tuesday said it would pay $765 million to the United States Justice Department to settle claims it mis-sold mortgage-backed securities between 2005 and 2007.

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Walmart Inc’s Canadian unit is exploring the possibility of selling cannabis-based products, but has no immediate plans for selling them.

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President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war.

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Boeing Co delivered 61 of its best-selling 737 single-aisle aircraft in September, unexpectedly surging past numbers for both August and the same month a year ago and suggesting manufacturing problems at suppliers may be easing.

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U.S. cable company Comcast took control of Sky on Tuesday after it acquired the 39 percent of the company owned by Twenty-First Century Fox, the rival it defeated with a $40 billion knock-out bid for the European pay-TV group last month.

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Global asset manager Bain Capital’s specialty finance arm on Tuesday filed for an initial public offering, seeking to list on the New York stock exchange under the symbol “BCSF”.

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The S&P 500 and the Nasdaq rose on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.

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Ford is building an electric delivery van in Europe using technology provided by Deutsche Post startup StreetScooter, as German cities clamp down on diesel emissions.

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U.S. stocks opened lower on Tuesday, pressured by rising yields and after the International Monetary Fund cut its global growth forecasts, squarely blaming the Sino-U.S. trade war.

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U.S. authorities are investigating whether Standard Chartered breached Iran-related compliance rules as recently as 2013, a year after it settled with them over earlier allegations of breaches and pledged to improve internal controls.

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Ireland’s data protection regulator said on Tuesday that it would seek more information from Alphabet Inc’s Google regarding a security issue that may have exposed the data of at least 500,000 users to hundreds of external developers.

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Microsoft Corp said on Tuesday its expanded Azure cloud service to help government clients save data on their own servers would be available by the end of the first quarter of 2019, as it battles with Amazon.com for a $10 billion Pentagon contract.

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Proxy advisory firm Glass Lewis had recommended shareholders vote in favour of Unilever’s proposed move to the Netherlands before the plan got scrapped last week.

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Qualcomm Inc said on Tuesday it named Martin Anstice, chief executive officer of chip gear maker Lam Research Corp, and Irene Rosenfeld, former chairman and CEO of U.S. snack foods company Mondelez International Inc, to its board.

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