Trading Ideas
CBS' Les Moonves quits after new sex misconduct charges
NEW YORK (AP) — CBS Chief Les Moonves resigned Sunday, just hours after six more women accused the veteran television executive of sexual misconduct. …read more […]
Year: 2018
Business News
Alibaba’s Jack Ma to step down in one year, Zhang to become chairman
Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said.
Business News
Oil prices climb as U.S. drilling stalls, Iran sanctions loom
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.
Business News
Asian shares on slippery slope as Trump ups ante in trade war
Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar held on to recent gains as U.S. President Donald Trump raised the stakes in the heated trade dispute with China.
Business News
Alibaba’s Jack Ma to step down in Sept. 2019, Zhang to become chairman
Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said.
Trading Ideas
Trump Praises North Korea's Kim for Toned-Down Military Parade
Sep.09 — Kim Jong Un presided over a tempered military parade, in a sign that he wants to revive stalled nuclear talks. U.S. President Donald Trump praised Kim for the parade’s reported lack of nuclear weapons, calling it a “big and very positive statement.” Bloomberg’s Peter Pae reports. …read more […]
Business News
Oil prices climb as U.S. energy firms cut rigs, Iran sanctions loom
Oil prices rose on Monday as the number of U.S. rigs drilling for new production was cut last week and as the market is expected to tighten once U.S. sanctions against Iran’s crude exports kick in from November.
Business News
Toyota says parts plant preparing to resume output after Hokkaido quake
Toyota Motor Corp said on Monday its transmission factory in northern Japan was preparing to resume production some time during the night shift starting at 8:30 p.m. (1130 GMT), after a powerful quake halted work last week.
Business News
Asian shares on slippery slope as trade tensions take toll
Asian shares started the week in the red again on Monday, faltering for the eighth straight day and the dollar climbed against major currencies after U.S. President Donald Trump raised the stakes in the heated trade dispute with China.
Business News
CBS CEO Moonves resigns amid new allegations of sexual misconduct
Leslie Moonves, the top executive at CBS Corp since 2006 and a major figure at the broadcast network and media company for more than two decades, resigned on Sunday amid a new wave of allegations against him of sexual assault and harassment.
Business News
Australia’s Investa sets September 17 to decide on Blackstone bid
Investa Office Fund said it has set Sept. 17 as the date for its shareholders to vote on Blackstone Group’s sweetened A$3.3 billion ($2.4 billion) bid.
Business News
Viacom shares could rise even without a CBS merger: Barron’s
Shares of Viacom Inc could rise “at least” 20 percent over the coming year as the company’s strategy to revitalize itself for the digital age takes root, according to Barron’s.
Trading Ideas
China's Trade Outlook Darkens as U.S. Raises Stakes on Tariffs
Sep.09 — China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. On Friday, U.S. President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
Business News
CBS CEO Moonves resigns, company settles Shari Redstone, NAI lawsuit
CBS Corp CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment.
Business News
Roche faces UK pricing row over multiple sclerosis drug Ocrevus
Roche faces a fresh row over drug pricing in Britain, following a decision by the body responsible for medicine use within the state health service not to approve its drug Ocrevus for treating a highly disabling form of multiple sclerosis (MS).