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Home2019September

Month: September 2019

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Business News

Shareholder Elliott urges restructuring at AT&T

September 9, 2019 admin Comments Off on Shareholder Elliott urges restructuring at AT&T

AT&T Inc shareholder Elliott Management Corp on Monday called the wireless carrier “deeply undervalued” and urged it to restructure its business, including cutting costs in units, to increase shareholder value.

…read more […]

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Business News

Futures edge higher on hopes of monetary stimulus

September 9, 2019 admin Comments Off on Futures edge higher on hopes of monetary stimulus

U.S. stock index futures ticked higher on Monday, as mixed global economic data drove expectations of monetary stimulus from central banks, including the U.S. Federal Reserve.

…read more […]

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Ferrari mixes sport with power in new Spider and GTS models

September 9, 2019 admin Comments Off on Ferrari mixes sport with power in new Spider and GTS models

Italy’s Ferrari showed off two new cars on Monday as it pursues an aggressive roll-out of new premium models to sustain turbo-charged core earnings and share price growth.

…read more […]

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Business News

U.S. charges Chinese professor in latest shot at Huawei

September 9, 2019 admin Comments Off on U.S. charges Chinese professor in latest shot at Huawei

U.S. prosecutors have charged a Chinese professor with fraud for allegedly taking technology from a California company to benefit Huawei, in another shot at the embattled Chinese telecommunications equipment maker.

…read more […]

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Business News

Saudi Energy Minister: Aiming for Aramco IPO as soon as possible

September 9, 2019 admin Comments Off on Saudi Energy Minister: Aiming for Aramco IPO as soon as possible

Saudi Arabia’s newly appointed energy minister, Prince Abdulaziz bin Salman, said on Monday that the country is aiming for an initial public offering of its national oil giant Saudi Aramco “as soon as possible.”

…read more […]

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As China trade war escalates, 2020 U.S. Democrats scramble over their message

September 9, 2019 admin Comments Off on As China trade war escalates, 2020 U.S. Democrats scramble over their message

The growing economic fallout from President Donald Trump’s drawn-out trade war with China would appear to be a ready-made opportunity for Democratic presidential contenders seeking to blunt his central 2020 re-election pitch: That he has made the economy great again.

…read more […]

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U.S. states kick off antitrust probe expected to focus on Google

September 9, 2019 admin Comments Off on U.S. states kick off antitrust probe expected to focus on Google

Texas Attorney General Ken Paxton on Monday will detail a multi-state antitrust probe of potentially anticompetitive practices at major U.S. technology companies, which is expected to focus on Alphabet’s Google.

…read more […]

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British Airways cancels 1,700 flights as pilots strike

September 9, 2019 admin Comments Off on British Airways cancels 1,700 flights as pilots strike

British Airways (BA) pilots began a two-day strike on Monday, grounding nearly all of its flights and disrupting thousands of passengers in a dispute over pay.

…read more […]

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Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

September 9, 2019 admin Comments Off on Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

…read more […]

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Nivea-maker Beiersdorf launches brand for tattooed skin

September 9, 2019 admin Comments Off on Nivea-maker Beiersdorf launches brand for tattooed skin

German consumer goods firm Beiersdorf is launching its first new brand for more than 30 years – a line of body creams specially for tattooed skin – as it seeks to tap into the growing popularity of skin art and appeal to a younger audience.

…read more […]

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Hyundai Motor joins European electric car charging venture Ionity

September 9, 2019 admin Comments Off on Hyundai Motor joins European electric car charging venture Ionity

Ionity, the European electric vehicle charging joint venture of Volkswagen , BMW , Daimler and Ford , said on Monday that South Korea’s Hyundai Motor had joined as a shareholder.

…read more […]

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Nissan to hold news conference at 1100 GMT to discuss board meeting

September 9, 2019 admin Comments Off on Nissan to hold news conference at 1100 GMT to discuss board meeting

Nissan Motor Co said it will hold a news conference at 1100 GMT to discuss topics covered at board meeting today.

…read more […]

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Russia’s Alrosa seeks to brighten up its fluorescent diamond sales

September 9, 2019 admin Comments Off on Russia’s Alrosa seeks to brighten up its fluorescent diamond sales

Russia’s Alrosa is talking to several global jewelery retailers about jointly marketing the miner’s jewelery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones.

…read more […]

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Business News

Ferrari to lift lid on new F8 Spider and 812 GTS to maintain fast track growth

September 9, 2019 admin Comments Off on Ferrari to lift lid on new F8 Spider and 812 GTS to maintain fast track growth

Ferrari revealed on Monday its two new releases as the Italian premium automaker pursues an aggressive roll-out of new models to sustain its turbo-charged core earnings and share price growth.

…read more […]

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Business News

Lloyds warns mis-selling could cost it an extra $2.2 billion

September 9, 2019 admin Comments Off on Lloyds warns mis-selling could cost it an extra $2.2 billion

Lloyds Banking Group will set aside up to an extra 1.8 billion pounds ($2.2 billion) to settle mis-selling claims in Britain’s costliest consumer banking scandal, and said it was suspending its 2019 share buyback program.

…read more […]

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