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Home2019March

Month: March 2019

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Business News

Wall Street opens lower as global growth fears persist

March 25, 2019 admin Comments Off on Wall Street opens lower as global growth fears persist

U.S. stocks opened lower on Monday, weighed by technology shares, as investors worried about global growth fears.

…read more […]

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Business News

Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved

March 25, 2019 admin Comments Off on Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved

Newmont Mining Corp will pay a special dividend of 88 cents in an effort to soothe unhappy shareholders if they approve its $10 billion takeover of Goldcorp Inc, the company said on Monday.

…read more […]

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Top U.S. court rebuffs challenge to Nike over Michael Jordan photo

March 25, 2019 admin Comments Off on Top U.S. court rebuffs challenge to Nike over Michael Jordan photo

The U.S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of unauthorized use of photographer Jacobus Rentmeester’s famous 1984 photograph of basketball superstar Michael Jordan soaring through the air.

…read more […]

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Autonomy founder Lynch inflated sales before HP deal, court told

March 25, 2019 admin Comments Off on Autonomy founder Lynch inflated sales before HP deal, court told

British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm’s lawyer told a London court on Monday.

…read more […]

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Viacom, AT&T renew contract, avoid DirecTV blackout

March 25, 2019 admin Comments Off on Viacom, AT&T renew contract, avoid DirecTV blackout

Viacom Inc has renewed its carriage contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for users of the telecom carrier’s pay TV service DirecTV, the companies said on Monday.

…read more […]

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Business News

Positive German data tempers equity selloff, safe havens in demand

March 25, 2019 admin Comments Off on Positive German data tempers equity selloff, safe havens in demand

World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.

…read more […]

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Oil prices hit by worries of sharp economic slowdown

March 25, 2019 admin Comments Off on Oil prices hit by worries of sharp economic slowdown

Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC’s production cuts and U.S. sanctions on Iran and Venezuela.

…read more […]

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Boeing to brief on 737 MAX updates as Ethiopian backs planemaker

March 25, 2019 admin Comments Off on Boeing to brief on 737 MAX updates as Ethiopian backs planemaker

Boeing Co will brief more than 200 global airline pilots, technical experts and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.

…read more […]

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Tradeweb Markets plans to raise up to $709 million in IPO

March 25, 2019 admin Comments Off on Tradeweb Markets plans to raise up to $709 million in IPO

Tradeweb Markets Inc, an electronic trading platform for bonds and derivative instruments, said on Monday it is planning to raise up to $709 million in an initial public offering.

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Goldman Sachs UK unit reports gender pay gap of 51 percent

March 25, 2019 admin Comments Off on Goldman Sachs UK unit reports gender pay gap of 51 percent

Goldman Sachs’s British business on average paid women 51 percent less than men per hour in 2018, the U.S. investment bank said on Monday, down from 56 percent the year before.

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Norwegian to lease planes, postpone sales after grounding of Boeing MAX

March 25, 2019 admin Comments Off on Norwegian to lease planes, postpone sales after grounding of Boeing MAX

Norwegian Air will lease planes and postpone the sale of older models in its fleet following the grounding of its Boeing 737 MAX aircraft, the company said on Monday.

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Qatar Airways backs Boeing despite MAX crash crisis

March 25, 2019 admin Comments Off on Qatar Airways backs Boeing despite MAX crash crisis

Qatar Airways threw its support behind Boeing on Monday as the U.S. planemaker faces its biggest crisis in years after deadly crashes of its flagship 737 MAX jet.

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JPMorgan awards research grants, deepening its AI push

March 25, 2019 admin Comments Off on JPMorgan awards research grants, deepening its AI push

JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday.

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Nike fined $14 million for blocking cross-border sales of soccer merchandise

March 25, 2019 admin Comments Off on Nike fined $14 million for blocking cross-border sales of soccer merchandise

EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros ($14.14 million) on Monday for restricting cross-border sales of merchandising products of five European football clubs and the a football federation.

…read more […]

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Viacom renews contract with AT&T to continue airing channels on DirecTV

March 25, 2019 admin Comments Off on Viacom renews contract with AT&T to continue airing channels on DirecTV

Viacom Inc has renewed its contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for DirecTV users, the companies said on Monday.

…read more […]

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