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Home2018November

Month: November 2018

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Business News

Wall Street hit by Apple slide, trade woes

November 19, 2018 admin Comments Off on Wall Street hit by Apple slide, trade woes

U.S. stocks fell on Monday, as a slide in Apple’s shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness.

…read more […]

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Business News

GE shakes up power unit leadership, taps retired executive to help

November 19, 2018 admin Comments Off on GE shakes up power unit leadership, taps retired executive to help

General Electric Co shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help.

…read more […]

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Business News

France says Ghosn case not problem for Renault stability

November 19, 2018 admin Comments Off on France says Ghosn case not problem for Renault stability

The arrest of Renault CEO Carlos Ghosn and his imminent removal from the board of Nissan Motor Co. does not pose a threat to the stability or survival of the French carmaker, France’s finance minister said on Monday.

…read more […]

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Disney’s Fox deal gets China’s approval: CNBC

November 19, 2018 admin Comments Off on Disney’s Fox deal gets China’s approval: CNBC

Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, CNBC reported.

…read more […]

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France committed to Renault stability after Ghosn arrest

November 19, 2018 admin Comments Off on France committed to Renault stability after Ghosn arrest

France will ensure the long-term viability of Renault , Finance Minister Bruno Le Maire said on Monday after Carlos Ghosn, chairman of the French carmaker’s Japanese partner Nissan Motor Co was arrested on Monday.

…read more […]

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U.S. home builder sentiment posts biggest drop in 4-1/2 years

November 19, 2018 admin Comments Off on U.S. home builder sentiment posts biggest drop in 4-1/2 years

U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.

…read more […]

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GE taps retired executive, names leaders for ailing power unit

November 19, 2018 admin Comments Off on GE taps retired executive, names leaders for ailing power unit

General Electric Co named new leaders for its ailing power business on Monday, appointing Scott Strazik as CEO for gas power and bringing longtime GE executive John Rice back from retirement in an advisory role.

…read more […]

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Business News

Nissan to oust Ghosn after arrest for alleged financial misconduct

November 19, 2018 admin Comments Off on Nissan to oust Ghosn after arrest for alleged financial misconduct

Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.

…read more […]

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Wall Street pulled lower by Apple, trade worries

November 19, 2018 admin Comments Off on Wall Street pulled lower by Apple, trade worries

Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.

…read more […]

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Danske whistleblower says big European bank handled $150 billion of payments

November 19, 2018 admin Comments Off on Danske whistleblower says big European bank handled $150 billion of payments

The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.

…read more […]

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Business News

Oil slips as pessimism over supply resurfaces despite OPEC pledge

November 19, 2018 admin Comments Off on Oil slips as pessimism over supply resurfaces despite OPEC pledge

Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.

…read more […]

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Wall Street opens lower on Apple concerns, trade uncertainties

November 19, 2018 admin Comments Off on Wall Street opens lower on Apple concerns, trade uncertainties

U.S. stocks opened lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.

…read more […]

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Nissan’s Ghosn arrested in Japan for alleged financial misconduct

November 19, 2018 admin Comments Off on Nissan’s Ghosn arrested in Japan for alleged financial misconduct

Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy.

…read more […]

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Wall Street set to open lower on Apple concerns, trade uncertainties

November 19, 2018 admin Comments Off on Wall Street set to open lower on Apple concerns, trade uncertainties

Wall Street was set to open lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.

…read more […]

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Brazil’s Bolsonaro taps Chicago-trained economist as Petrobras CEO

November 19, 2018 admin Comments Off on Brazil’s Bolsonaro taps Chicago-trained economist as Petrobras CEO

Brazil’s incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA , amid a debate over privatization of the company’s assets.

…read more […]

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