BMW’s South Korean unit apologized over a spate of engine fires, estimated by the country’s transport ministry at 27 over January to July, that has prompted a government probe and a major backlash from consumers.
The OLED technology expert started bouncing back from a brutal first half of 2018. …read more […]
World stock markets broadly edged lower on Monday as concerns of a further escalation of a trade fight between the United States and China offset corporate results, while the U.S. dollar gained and Treasury yields dipped on the uncertainty.
Arista Networks Inc will pay $400 million to Cisco Systems Inc to resolve a U.S. court fight between the two network equipment makers, Arista said in a regulatory filing on Monday, the day a jury trial in the dispute was scheduled to begin.
Snap (NYSE:SNAP) is on tap to report earnings this week, and the outlook could be bearish. After last month’s earnings reports from Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR), the social media sector is in a shambles. SNAP stock could be in big trouble. …read more […]
Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company’s board.
With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 500 company. At PepsiCo Inc., Nooyi stressed the company’s move toward “good for you” options that people don’t feel as guilty eating, such as Baked Lay’s potato chips and Naked juices made of fruits and vegetables. …read more […]
Berkshire Hathaway purchased more Apple shares in the first quarter, according to a regulatory filing. Its investment is now worth over $50 billion, and received a boost as Apple’s market cap crossed the $1 trillion milestone. The conglomerate owned about 246.5 million shares, or about 5.1% of Apple, as of June 30.The share purchases came amid speculation over how Berkshire will deploy a growing mountain of cash. …read more […]
Goldman Sachs on Monday named Jim Esposito global co-head of the Wall Street bank’s trading division, according to an internal memo seen by Reuters.
Russia’s Gazprom suspended its external borrowing program earlier this year because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies, three banking sources told Reuters.
Is (MU) Outperforming Other Computer and Technology Stocks This Year? …read more […]
Facebook Inc has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported on Monday, citing people familiar with the matter.
(Reuters) – Facebook Inc (FB.O) has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported … …read more […]
American Airlines kicked a musician off a flight from Miami to Chicago because they said her cello did not meet seat size requirements for the plane. The Chicago-based musician had already purchased a ticket for the cello after being told by American Airlines she could fly with it, the passenger claims. American Airlines released a statement, blaming the incident on a “miscommunication.” …read more […]
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