Year: 2018

Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.

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The U.S. Justice Department’s top antitrust lawyer said Time Warner’s general counsel threatened to “employ personal attacks” if the agency tried to block the company’s $85.4 billion merger with AT&T Inc , according to a court filing made public on Thursday.

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Mexico laments trade protections announced earlier in the day by Canada covering some steel products and will take action to protect its own exporters in the short term, according to a statement from Mexico’s economy ministry on Thursday.

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British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a planned $1 billion investment in the group’s space ventures, in light of events involving missing Saudi journalist Jamal Khashoggi.

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Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer’s businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday.

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Abbvie Inc said on Thursday it settled all patent disputes with Novartis AG, granting it a non-exclusive license to manufacture and sell a copycat version of blockbuster drug, Humira.

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Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas.

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Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates.

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Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said.

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The market’s quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk.

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Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.

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The U.S. National Highway Traffic Safety Administration on Thursday said it was moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes.

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Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for impact on corporate earnings from trade conflicts, a day before quarterly reporting season begins.

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U.S. weapons maker Lockheed Martin Corp and German peer Rheinmetall AG said on Thursday they will make a joint bid to supply the German navy with MH-60R Seahawk helicopters built by Lockheed’s Sikorsky unit.

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Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said.

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