Business News
Lyft is sued by investors over IPO
Lyft is sued by investors over its initial public offering – court filing
Month: May 2019
CEO Interview
Hill Street Beverage Company (CSE: BEER) (OTC: HSEEF) Leveraging alcohol-free wine and beer into cannabis market
Hill Street Beverage Company (CSE: BEER) (OTC: HSEEF) Interview with Terry Donnelly, CEO discussing the company’s line of award-winning alcohol-free beer and wine, and how this will be […]
Business News
Lions Gate offered to sell Starz to CBS for $5.5 billion: sources
Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter told Reuters.
Business News
Wall St. falls as trade anxieties spike
Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.
Business News
Fresh trade uncertainty rattles stocks, hits yuan
A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.
Business News
Huawei and suppliers make plans to face U.S. trade blacklist: Nikkei
China’s Huawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant’s access to American technology, the Nikkei reported https://asia.nikkei.com/Economy/Trade-war/Huawei-and-suppliers-dust-off-backup-plans-to-prepare-for-storm on Friday, citing sources familiar with the matter.
Business News
Wall Street ends lower on trade uncertainty; Dow down for fourth week
Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.
Business News
U.S. stocks drop late in session on trade uncertainty
Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.
Business News
Oil slips but ends week higher on Mideast supply disruption fears
Oil prices edged lower on Friday due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
Business News
China’s tough rhetoric leaves trade talks with U.S. in limbo
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course.
Business News
Corporations, events face boycott threats over U.S. abortion laws
Companies operating in Alabama and Georgia, ranging from Toyota to Netflix, as well as an Alabama music festival faced boycott threats on Friday after the states passed near-total bans on abortion.
Business News
Wall Street mixed as strong consumer data dampened by trade jitters
Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm.
Business News
Overstock CEO says he had to sell shares to supplement his pay
Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to “give such an explanation again.”
Business News
CBS made informal offer to buy Starz: The Information
CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment, the Information reported on Friday, citing four people familiar with the situation.
Business News
Oil slips but set for weekly gain on Mideast supply disruption fears
Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions.