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Home2018December

Month: December 2018

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Business News

Wall Street opens sharply higher on trade optimism

December 11, 2018 admin Comments Off on Wall Street opens sharply higher on trade optimism

U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China.

…read more […]

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Business News

Verizon to take about $2 billion in charges for planned layoffs

December 11, 2018 admin Comments Off on Verizon to take about $2 billion in charges for planned layoffs

Verizon Communications Inc expects to take charges of $1.8 billion to $2.1 billion in the current quarter for job cuts announced on Monday, the U.S. wireless carrier said.

…read more […]

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Business News

Trade détente bounce masks unease over Brexit and growth

December 11, 2018 admin Comments Off on Trade détente bounce masks unease over Brexit and growth

Stocks jumped on Tuesday as investors clung to hopes of a detente in the China-U.S. trade war and picked through the rubble of conflagrations in other top economies, with heightened uncertainty over Brexit and French protests.

…read more […]

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Automakers rise on report of China moving to cut U.S. car tariffs

December 11, 2018 admin Comments Off on Automakers rise on report of China moving to cut U.S. car tariffs

Automakers’ shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China’s president in Argentina.

…read more […]

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Futures rise 1 percent on China-U.S. trade talk progress

December 11, 2018 admin Comments Off on Futures rise 1 percent on China-U.S. trade talk progress

U.S. stock futures rose about 1 percent on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the two economic giants that have roiled the markets for months.

…read more […]

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Ford in talks with German workers about potential Saarlouis job cuts

December 11, 2018 admin Comments Off on Ford in talks with German workers about potential Saarlouis job cuts

(Corrects December 10th story to show no formal decision has been made about discontinuing production of the Ford C-Max in paragraphs 1 and 3)

…read more […]

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Morrisons shares rise on takeover chatter

December 11, 2018 admin Comments Off on Morrisons shares rise on takeover chatter

WM Morrisons shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc .

…read more […]

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Slight bounce masks unease over Brexit, trade and growth

December 11, 2018 admin Comments Off on Slight bounce masks unease over Brexit, trade and growth

Stocks rose tentatively on Tuesday as investors picked through the rubble of conflagrations in some of the world’s top economies amid heightened uncertainty over Brexit, a China-U.S. trade war and French protests.

…read more […]

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Court rejects Nissan ex-chairman Ghosn’s appeal to end detention

December 11, 2018 admin Comments Off on Court rejects Nissan ex-chairman Ghosn’s appeal to end detention

A Tokyo court on Tuesday rejected ousted Nissan Motor chairman Carlos Ghosn’s appeal to end his detention following his arrest last month on allegations of financial misconduct.

…read more […]

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Tentative rebound masks unease over Brexit, trade and growth

December 11, 2018 admin Comments Off on Tentative rebound masks unease over Brexit, trade and growth

Stocks rose tentatively on Tuesday as investors picked through the rubble of conflagrations in some of the world’s top economies amid uncertainty over Brexit, a China-U.S. trade war, and French protests.

…read more […]

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Daimler to buy $23 billion of battery cells for electric car drive

December 11, 2018 admin Comments Off on Daimler to buy $23 billion of battery cells for electric car drive

Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.

…read more […]

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Exclusive: Hyundai Motor’s two R&D vice chairmen offer to resign – sources

December 11, 2018 admin Comments Off on Exclusive: Hyundai Motor’s two R&D vice chairmen offer to resign – sources

Hyundai Motor’s two vice chairmen in charge of research and development, Yang Woong-chul and Kwon Moon-sik, have offered to resign, three people familiar with the matter said on Tuesday.

…read more […]

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Uber’s dominant size may rob smaller Lyft of its IPO oxygen

December 11, 2018 admin Comments Off on Uber’s dominant size may rob smaller Lyft of its IPO oxygen

Uber Technologies Inc [UBER.UL] and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.

…read more […]

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Daimler to buy 20 billion euros worth of electric car battery cells

December 11, 2018 admin Comments Off on Daimler to buy 20 billion euros worth of electric car battery cells

German luxury car maker Daimler , parent company of Mercedes-Benz, on Tuesday said it would buy battery cells worth more than 20 billion euros ($22.75 billion) by 2030 as it readies mass production of hybrid and electric vehicles.

…read more […]

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Vivendi seeks shareholders meeting to change Telecom Italia board

December 11, 2018 admin Comments Off on Vivendi seeks shareholders meeting to change Telecom Italia board

Vivendi is calling for a shareholders meeting to change the board at Telecom Italia including five members proposed by activist fund Elliott, the French media conglomerate said on Tuesday.

…read more […]

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