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Home2019March

Month: March 2019

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Business News

Boeing faces growing scrutiny in Ethiopian crash probe

March 18, 2019 admin Comments Off on Boeing faces growing scrutiny in Ethiopian crash probe

The world’s biggest planemaker faced escalating pressure on Monday after Ethiopia pointed to parallels between its crash and one in Indonesia, sharpening focus on the safety of software installed in Boeing’s 737 MAX planes.

…read more […]

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Business News

Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

March 18, 2019 admin Comments Off on Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on Monday after confirming merger talks.

…read more […]

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Business News

Stock futures flat following best weekly rally of 2019; Boeing drags on Dow

March 18, 2019 admin Comments Off on Stock futures flat following best weekly rally of 2019; Boeing drags on Dow

The S&P 500 and Nasdaq were set for a muted open on Monday, coming off their strongest weekly jump this year, while investors waited for the Federal Reserve’s policy meeting later this week for further clues on the pace of interest rate hikes.

…read more […]

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Business News

Apple launches 10.5-inch iPad, updates Mini ahead of March 25 event

March 18, 2019 admin Comments Off on Apple launches 10.5-inch iPad, updates Mini ahead of March 25 event

Apple Inc in a surprise move on Monday launched a new 10.5-inch iPad Air and updated its 7.9-inch iPad Mini ahead of its March 25 event.

…read more […]

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Business News

Global stocks rise, dollar slips as traders price in accommodative Fed stance

March 18, 2019 admin Comments Off on Global stocks rise, dollar slips as traders price in accommodative Fed stance

Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week.

…read more […]

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Britain’s Ocado to establish U.S. office in Washington D.C. area

March 18, 2019 admin Comments Off on Britain’s Ocado to establish U.S. office in Washington D.C. area

British online supermarket Ocado plans to establish an office for its Ocado Solutions technology business in the Washington D.C. area of the United States, it said on Monday.

…read more […]

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Business News

China rejects ‘abnormal’ U.S. spying concerns as EU pushes trade

March 18, 2019 admin Comments Off on China rejects ‘abnormal’ U.S. spying concerns as EU pushes trade

China dismissed U.S. security warnings against its telecoms equipment maker Huawei as groundless and “abnormal” on Monday, as the Chinese government’s top diplomat went to Brussels to cool growing European frustration over trade.

…read more […]

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Business News

JPMorgan rolls out low-fee, checkless, no-overdraft accounts

March 18, 2019 admin Comments Off on JPMorgan rolls out low-fee, checkless, no-overdraft accounts

Responding to calls for more bank services for low-income consumers, JPMorgan Chase & Co on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance.

…read more […]

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Ride-hail firm Lyft launches IPO road show in Uber’s shadow

March 18, 2019 admin Comments Off on Ride-hail firm Lyft launches IPO road show in Uber’s shadow

Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ride-hailing rival Uber Technologies Inc makes its stock market splash in April.

…read more […]

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Business News

U.S. fintech to buy Worldpay as electronic payments business booms

March 18, 2019 admin Comments Off on U.S. fintech to buy Worldpay as electronic payments business booms

U.S. fintech Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, the biggest deal to date in the fast-growing electronic payments industry.

…read more […]

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Business News

Swiss Re says helped insure Boeing, Ethiopian Airlines

March 18, 2019 admin Comments Off on Swiss Re says helped insure Boeing, Ethiopian Airlines

Reinsurance group Swiss Re helped cover jetmaker Boeing Co and Ethiopian Airlines, the Swiss company said on Monday amid an investigation into what caused an Ethiopian Airlines plane crash that killed 157 people.

…read more […]

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U.S. heavy equipment makers feeling pain from tariffs, disputes: report

March 18, 2019 admin Comments Off on U.S. heavy equipment makers feeling pain from tariffs, disputes: report

U.S. makers of bulldozers and other heavy equipment are raising prices, losing sales and in some cases beginning to trim workers in response to the Trump administration’s protracted trade disputes with various countries, according to a new report.

…read more […]

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NBCUniversal, Sky team up to expand global advertising product

March 18, 2019 admin Comments Off on NBCUniversal, Sky team up to expand global advertising product

Comcast Corp is pooling the advertising power of its NBCUniversal and British-based Sky units to better target viewers worldwide, it said on Monday, a major step by the top U.S. cable TV provider to transform itself into a global media leader.

…read more […]

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Business News

Lyft expects to raise as much as $2 billion in IPO

March 18, 2019 admin Comments Off on Lyft expects to raise as much as $2 billion in IPO

Ride-hailing platform Lyft Inc said on Monday it would raise as much as $2 billion in its much-awaited initial public offering.

…read more […]

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Business News

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

March 18, 2019 admin Comments Off on Malaysia to summon two Goldman Sachs units ahead of 1MDB case

Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year.

…read more […]

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