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Home2018

Year: 2018

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Business News

Mexico will seek deal with Canada if NAFTA talks fail: Lopez Obrador

September 22, 2018 admin Comments Off on Mexico will seek deal with Canada if NAFTA talks fail: Lopez Obrador

Mexico’s incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday.

…read more […]

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United Airlines pilots resist contract changes over regional routes

September 21, 2018 admin Comments Off on United Airlines pilots resist contract changes over regional routes

United Airlines pilots said they refuse to budge on the wording of their contract governing the outsourcing of regional flights.

…read more […]

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Lehman Brothers workers share memories 10 years after the fall

September 21, 2018 admin Comments Off on Lehman Brothers workers share memories 10 years after the fall

Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank’s collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.

…read more […]

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Volume spikes on sector reshuffle, quadruple witching

September 21, 2018 admin Comments Off on Volume spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street’s technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.

…read more […]

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As new iPhones go on sale, studies reveal chips from Intel and Toshiba

September 21, 2018 admin Comments Off on As new iPhones go on sale, studies reveal chips from Intel and Toshiba

Apple Inc’s latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.

…read more […]

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Dow hits new closing high ahead of index reshuffle

September 21, 2018 admin Comments Off on Dow hits new closing high ahead of index reshuffle

Industrials led the Dow to a new closing high on Friday ahead of Monday’s major sector reshuffle, capping a week that largely shrugged off trade worries.

…read more […]

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Industrials propel Dow to another new high

September 21, 2018 admin Comments Off on Industrials propel Dow to another new high

Industrials led the Dow to a new closing high on Friday ahead of Monday’s major sector reshuffle, capping a week in which investors largely shrugged off trade worries.

…read more […]

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General Electric says blade problem affects more gas turbines

September 21, 2018 admin Comments Off on General Electric says blade problem affects more gas turbines

General Electric Co said on Friday that turbine blade oxidation which forced Exelon Corp to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE’s ailing power unit.

…read more […]

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Blackstone looks to manage $1 trillion by 2026

September 21, 2018 admin Comments Off on Blackstone looks to manage $1 trillion by 2026

Blackstone Group LP , the world’s largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026.

…read more […]

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Nasdaq says Nordic trader whose deals went sour agrees to sell personal assets

September 21, 2018 admin Comments Off on Nasdaq says Nordic trader whose deals went sour agrees to sell personal assets

Nasdaq’s Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday.

…read more […]

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Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

September 21, 2018 admin Comments Off on Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.

…read more […]

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S&P 500, Dow hit new highs ahead of index reshuffle

September 21, 2018 admin Comments Off on S&P 500, Dow hit new highs ahead of index reshuffle

The S&P 500 and Dow reached record highs on Friday ahead of Monday’s major sector reshuffle, capping a week that largely shrugged off trade worries.

…read more […]

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White House optimistic on China trade; no date for more talks

September 21, 2018 admin Comments Off on White House optimistic on China trade; no date for more talks

The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday.

…read more […]

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S&P, Dow hold on to record highs, Nasdaq dips

September 21, 2018 admin Comments Off on S&P, Dow hold on to record highs, Nasdaq dips

The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street’s sector reshuffling and “quadruple witching” expirations.

…read more […]

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French handbag maker Longchamp to invest in China to revive sales

September 21, 2018 admin Comments Off on French handbag maker Longchamp to invest in China to revive sales

Longchamp, one of France’s leading handbag makers, is increasing its presence in China and the United States to boost its sales, its CEO said, betting on celebrity tie-ups and its online platforms to revive sluggish growth.

…read more […]

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