Month: February 2019

Kia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalling around 534,000 additional U.S. vehicles at risk of engine fires.

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John Varley, former CEO of Barclays, told investigators in 2014 he had had to delegate responsibility during the British bank’s efforts to raise more than 11 billion pounds ($15 billion) at the height of the credit crisis.

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The Federal Aviation Administration said Thursday it had fined American Airlines $1 million and Delta Air Lines Inc $750,000 for violating federal rules prohibiting lengthy tarmac delays at U.S. airports.

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The U.S. embassy in Sweden has asked the domestic watchdog FI for a meeting to discuss allegations of Swedbank’s involvement in a Baltic money-laundering scandal, raising concerns that U.S. authorities might be mulling a probe of the Nordic bank.

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Activist investor Starboard Value LP plans to vote against Bristol-Myers Squibb Co’s proposed $74 billion takeover of biotech Celgene Corp and urged other shareholders to join it in voting down the “poorly conceived and ill-advised” deal.

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A Russian court on Thursday ruled that prominent U.S. investor Michael Calvey should remain in custody pending trial, rejecting his appeal to be released on bail or moved to house arrest.

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Global equities markets fell for a third straight day on Thursday, with Wall Street stocks edging lower as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment.

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Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal.

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U.S. stocks edged lower on Thursday, weighed down by weak earnings from a handful of companies and after a U.S.-North Korea summit ended abruptly without a deal.

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Inmarsat shares spiked on Thursday afternoon after a report by CTFN M&A news website said U.S. satellite group EchoStar was expected to renew its interest in the company “very soon”, and no later than the next six months.

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The United States is working to hammer out a detailed trade agreement with China that will include specific structural commitments, U.S. Treasury Secretary Steven Mnuchin told CNBC on Thursday.

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Marijuana producer Canopy Growth has roped in lifestyle guru Martha Stewart as an adviser to help develop and launch a line of pot-based products for both humans and animals, it said on Thursday.

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J. C. Penney Co Inc on Thursday reported quarterly results that topped estimates as the struggling retailer sold more jewelry and women’s, men’s and children’s apparel during the key holiday shopping season.

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Ride-hailing firms Uber and Lyft plan to offer cash bonuses to some of their most-active or longest-serving drivers and the option to put them into shares from their stock market launches, the Wall Street Journal reported on Thursday.

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Activist investor Starboard Value LP will vote against Bristol-Myers Squibb Co’s $74 billion acquisition of Celgene Corp, the hedge fund said on Thursday, the latest shareholder to come out against what would be the pharmaceutical world’s biggest ever takeover.

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