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Home2018December

Month: December 2018

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Business News

FDA chief to meet e-cigarette makers amid crackdown

December 27, 2018 Editor Comments Off on FDA chief to meet e-cigarette makers amid crackdown

The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency’s chief said on Thursday, hinting that some companies seem to be backing away from commitments related to youth’s access to e-cigarettes.

…read more […]

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Business News

Oil prices fall more than 2 percent as U.S. stock markets retreat

December 27, 2018 Editor Comments Off on Oil prices fall more than 2 percent as U.S. stock markets retreat

Oil prices fell on Thursday after rebounding 8 percent in the previous session, as signs of faltering global economic growth and record production of crude pressured prices.

…read more […]

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Business News

Wall St. slides after data sparks concerns over economy

December 27, 2018 Editor Comments Off on Wall St. slides after data sparks concerns over economy

U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years.

…read more […]

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Drop in U.S. consumer confidence stokes fears of economic slowdown

December 27, 2018 Editor Comments Off on Drop in U.S. consumer confidence stokes fears of economic slowdown

A measure of U.S. consumer confidence posted its sharpest decline in more than three years in December, rattling investors already nervous about the prospect that a global economic slowdown was spilling over into the United States.

…read more […]

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Business News

Wall St. tumbles after data sparks concerns over economy

December 27, 2018 Editor Comments Off on Wall St. tumbles after data sparks concerns over economy

U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years.

…read more […]

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U.S. government advises workers on staving off creditors amid shutdown

December 27, 2018 Editor Comments Off on U.S. government advises workers on staving off creditors amid shutdown

As a partial shutdown of the U.S. government stretched into its sixth day, the agency that oversees the federal workforce offered advice on staving off creditors to the estimated 800,000 employees who could be affected by a lapse in pay.

…read more […]

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Mexico says military to play bigger role in stopping fuel theft

December 27, 2018 Editor Comments Off on Mexico says military to play bigger role in stopping fuel theft

Mexico’s government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars.

…read more […]

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Business News

Oil prices fall more than 1 percent as U.S. stock markets retreat

December 27, 2018 Editor Comments Off on Oil prices fall more than 1 percent as U.S. stock markets retreat

Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.

…read more […]

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Business News

Wall St. falls more than 2 percent after consumer confidence data

December 27, 2018 Editor Comments Off on Wall St. falls more than 2 percent after consumer confidence data

U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July.

…read more […]

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U.S. regulator SEC to operate on partial basis due to federal shutdown

December 27, 2018 Editor Comments Off on U.S. regulator SEC to operate on partial basis due to federal shutdown

The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it will partially operate with reduced staff during to the ongoing federal shutdown.

…read more […]

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U.S. jobless claims signal labor market strength after rough patch

December 27, 2018 Editor Comments Off on U.S. jobless claims signal labor market strength after rough patch

The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength, with claims appearing to stabilize after drifting higher in recent months.

…read more […]

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Wall Street drops 1 percent after Dow’s record-breaking surge

December 27, 2018 Editor Comments Off on Wall Street drops 1 percent after Dow’s record-breaking surge

U.S. stocks tumbled 1 percent on Thursday in a broad-based decline led by energy shares, giving back some of the gains from a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.

…read more […]

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China’s Sinopec suspends top officials at trading arm

December 27, 2018 Editor Comments Off on China’s Sinopec suspends top officials at trading arm

Sinopec has suspended two top officials at its trading arm Unipec and is evaluating the details related to certain crude oil transactions that have incurred some losses, the Chinese state oil company said on Thursday.

…read more […]

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Wall St. falls at open after Dow’s record-breaking surge

December 27, 2018 Editor Comments Off on Wall St. falls at open after Dow’s record-breaking surge

U.S. stocks fell sharply at open on Thursday following a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.

…read more […]

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France’s Vinci in $3.7 billion swoop on UK’s Gatwick airport

December 27, 2018 Editor Comments Off on France’s Vinci in $3.7 billion swoop on UK’s Gatwick airport

France’s Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain’s second-busiest airport, London’s Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday.

…read more […]

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