Month: March 2019

Chinese Vice Commerce Minister Wang Shouwen said on Saturday he expects stable foreign investment into the country this year despite more competition and higher labor costs.

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China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, Chinese Vice Commerce Minister Wang Shouwen said on Saturday.

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The Federal Reserve does not see problems in the U.S. economy that warrant an immediate change in its policy, and it will be careful not to shock financial markets as it stabilizes its bond portfolio, Fed Chair Jerome Powell said on Friday.

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OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a lawsuit by Oklahoma’s attorney general accusing them of helping fuel an opioid abuse and overdose epidemic in the state.

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Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, people familiar with the matter said.

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Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks although there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday.

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The Federal Aviation Administration warned Southwest Airlines Co and a union representing its mechanics in a letter on Friday that their prolonged contract dispute could pose safety concerns.

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The Federal Aviation Administration (FAA) warned Southwest Airlines Co and its mechanics union that their ongoing labor dispute threatens to damage the airline’s safety practices, the Wall Street Journal reported on Friday.

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Power utility company PG&E Corp said on Friday it had submitted a report detailing how the company upgraded the safety of its gas pipelines to the California Public Utilities Commission.

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Barbie, the fashion doll famous around the world, celebrates her 60th anniversary on Saturday with new collections honoring real-life role models and careers in which women remain under-represented.

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A savvy investor who managed to time the start of Wall Street’s bull market a decade ago – and hold on since then – would now be sitting on a handsome windfall.

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Sam Altman is stepping down from his post as president of Y Combinator, the startup accelerator said on Friday, a pivotal change for the organization that was influential in the creation of startups such as Airbnb, Dropbox Inc and Cruise.

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Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.

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Wall Street’s main indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak U.S. jobs report ignited more concerns about the global economy.

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The U.S. Bureau of Prisons said on Friday it was investigating former drug company executive Martin Shkreli’s conduct in prison after the Wall Street Journal reported he was still helping run his old company using a contraband cellphone.

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