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Home2019February

Month: February 2019

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Business News

Malaysian court allows ex-Goldman banker to return to U.S. to face 1MDB charges

February 15, 2019 admin Comments Off on Malaysian court allows ex-Goldman banker to return to U.S. to face 1MDB charges

Roger Ng, a former Goldman Sachs Group Inc banker caught up in the 1Malaysia Development Berhad (1MDB) fraud scandal, will be allowed to return to the United States to face criminal charges against him there, a Malaysian court ruled on Friday.

…read more […]

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Business News

How Amazon scrapped its plans for a New York headquarters

February 15, 2019 admin Comments Off on How Amazon scrapped its plans for a New York headquarters

More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls.

…read more […]

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Business News

Starbucks launches all-day dining cafe in China

February 15, 2019 admin Comments Off on Starbucks launches all-day dining cafe in China

Starbucks Corp said on Friday it would launch a new all-day dining cafe in China which will serve a brunch menu and cocktails, as the world’s largest coffee chain seeks to expand its retail offering in the increasingly competitive market.

…read more […]

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Business News

Airbus A380 production halt to fuel transatlantic trade spat

February 15, 2019 admin Comments Off on Airbus A380 production halt to fuel transatlantic trade spat

Airbus’s decision to shut production of the A380 looks set to reignite a translatlantic trade row over mutual claims of illegal aircraft subsidies, even as Airbus implements a two-year plan to stop making the world’s largest airliner.

…read more […]

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Asian stocks fall after weak U.S. data, crude oil buoyant

February 15, 2019 admin Comments Off on Asian stocks fall after weak U.S. data, crude oil buoyant

Asian stocks fell on Friday after weak U.S. retail sales figures raised fresh doubts about the strength of the world’s largest economy, offsetting optimism towards trade talks between the United States and China.

…read more […]

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Prominent investors stock up on eBay, then activists flex muscle

February 15, 2019 admin Comments Off on Prominent investors stock up on eBay, then activists flex muscle

EBay Inc.’s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.

…read more […]

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Asian stocks slip after grim U.S. retail sales data

February 15, 2019 admin Comments Off on Asian stocks slip after grim U.S. retail sales data

Asian stocks slipped on Friday after grim U.S. retail sales figures raised fresh doubts about the strength of the U.S. economy, offsetting optimism on trade talks between the United States and China.

…read more […]

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Nvidia full-year sales outlook tops analyst views; shares rise

February 15, 2019 admin Comments Off on Nvidia full-year sales outlook tops analyst views; shares rise

Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.

…read more […]

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Chance of a U.S. recession up, number of Fed rate hikes down: Reuters poll

February 15, 2019 admin Comments Off on Chance of a U.S. recession up, number of Fed rate hikes down: Reuters poll

There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Reserve from raising interest rates next month, according to a Reuters poll of economists who now expect only one rate hike this year.

…read more […]

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U.S. shale executives predict oil production constraints to remain

February 15, 2019 admin Comments Off on U.S. shale executives predict oil production constraints to remain

Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday.

…read more […]

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Business News

CBS misses on profit, revenue but network hits streaming subscribers milestone

February 15, 2019 admin Comments Off on CBS misses on profit, revenue but network hits streaming subscribers milestone

CBS Corp generated less quarterly profit and revenue than Wall Street expected, but the network announced plans on Thursday to have 25 million streaming subscribers by 2022.

…read more […]

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U.S. trade envoys to meet China’s Xi, no decision on deadline extension

February 15, 2019 admin Comments Off on U.S. trade envoys to meet China’s Xi, no decision on deadline extension

The Trump administration’s top two negotiators in trade talks with China will meet on Friday with Chinese President Xi Jinping, but there has been no decision to extend a March 1 U.S. deadline for a deal, White House economic adviser Larry Kudlow said on Thursday.

…read more […]

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Icahn to lobby Caesars Entertainment management for sale: WSJ

February 15, 2019 admin Comments Off on Icahn to lobby Caesars Entertainment management for sale: WSJ

Activist investor Carl Icahn plans to push management of casino operator Caesars Entertainment Corp to sell the company after it received at least two offers, the Wall Street Journal reported on Thursday, citing people it said were familiar with the matter.

…read more […]

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Business News

U.S. negotiating multibillion-dollar fine with Facebook: report

February 15, 2019 admin Comments Off on U.S. negotiating multibillion-dollar fine with Facebook: report

The U.S. government and Facebook Inc are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday.

…read more […]

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Eddie Lampert steps down as chairman of Sears’ board

February 15, 2019 admin Comments Off on Eddie Lampert steps down as chairman of Sears’ board

Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, a company filing showed https://www.sec.gov/Archives/edgar/data/1310067/000119312519041193/d704657d8k.htm on Thursday.

…read more […]

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