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Home2019April

Month: April 2019

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Business News

Goldman Sachs profit beats estimates on lower expenses, higher advisory fees

April 15, 2019 admin Comments Off on Goldman Sachs profit beats estimates on lower expenses, higher advisory fees

Goldman Sachs Group Inc beat quarterly profit estimates on Monday as the bank earned more from advising on M&A deals and expenses fell due to lower compensation costs.

…read more […]

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Business News

Russia’s Rusal lands first U.S. investment since sanctions lifted

April 15, 2019 admin Comments Off on Russia’s Rusal lands first U.S. investment since sanctions lifted

Rusal is making its first investment in the United States since Washington lifted sanctions against the Russian aluminum giant, teaming up with U.S. manufacturer Braidy Industries to build a mill in Kentucky.

…read more […]

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Business News

German prosecutors press charges against former VW CEO Winterkorn

April 15, 2019 admin Comments Off on German prosecutors press charges against former VW CEO Winterkorn

Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing.

…read more […]

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Best Buy promotes CFO Corrie Barry to CEO role

April 15, 2019 admin Comments Off on Best Buy promotes CFO Corrie Barry to CEO role

Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next Chief Executive Officer, the first woman to lead the consumer electronics retailer in its 53-year history.

…read more […]

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Stock futures muted ahead of big bank earnings

April 15, 2019 admin Comments Off on Stock futures muted ahead of big bank earnings

U.S. stock index futures were subdued on Monday as investors awaited more big banks earnings following JPMorgan’s upbeat results, while sentiment was supported by reports of progress in trade talks.

…read more […]

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ISS opposes free pass for UBS bosses after French tax ruling

April 15, 2019 admin Comments Off on ISS opposes free pass for UBS bosses after French tax ruling

UBS shareholders should oppose discharging the board and top management of Switzerland’s biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.

…read more […]

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Trump says Boeing should fix, ‘rebrand’ grounded 737 MAX jet

April 15, 2019 admin Comments Off on Trump says Boeing should fix, ‘rebrand’ grounded 737 MAX jet

U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its troubled 737 MAX jetliner following two fatal crashes even as U.S. regulators continued to work with the planemaker and airlines regarding the now-grounded aircraft.

…read more […]

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EU approves tougher EU copyright rules in blow to Google, Facebook

April 15, 2019 admin Comments Off on EU approves tougher EU copyright rules in blow to Google, Facebook

Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union’s $1 trillion creative industries.

…read more […]

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Trump urges Boeing to fix, ‘rebrand’ grounded 737 MAX planes

April 15, 2019 admin Comments Off on Trump urges Boeing to fix, ‘rebrand’ grounded 737 MAX planes

U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should “rebrand” the best-selling aircraft after fixing it.

…read more […]

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Apple, allies seek billions in U.S. trial testing Qualcomm’s business model

April 15, 2019 admin Comments Off on Apple, allies seek billions in U.S. trial testing Qualcomm’s business model

Apple Inc and its allies on Monday will kick off a jury trial against chip supplier Qualcomm Inc in San Diego, alleging that Qualcomm engaged in illegal patent licensing practices and seeking up to $27 billion in damages.

…read more […]

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EU’s Malmstrom believes U.S. trade deal can be done quickly

April 15, 2019 admin Comments Off on EU’s Malmstrom believes U.S. trade deal can be done quickly

The European Union is ready immediately to start trade negotiations with the United States to remove tariffs and a deal could be rapidly concluded, European Trade Commissioner Cecilia Malmstrom said on Monday.

…read more […]

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AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

April 15, 2019 admin Comments Off on AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.

…read more […]

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Exclusive: Foxconn chairman Gou aims to step down to pave way for younger talent

April 15, 2019 admin Comments Off on Exclusive: Foxconn chairman Gou aims to step down to pave way for younger talent

The chairman of Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company’s ranks.

…read more […]

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EU countries back starting trade talks with United States

April 15, 2019 admin Comments Off on EU countries back starting trade talks with United States

European Union countries gave final clearance on Monday to start formal trade talks with the United States after months of delay due to French resistance.

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Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato

April 15, 2019 admin Comments Off on Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato

Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV.

…read more […]

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