French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.
U.S. President Donald Trump said on Wednesday he was considering whether to exempt Apple Inc from tariffs on Chinese imports.
Q3 2019 Curis Inc Earnings Call …read more […]
Prime Minister Scott Morrison said on Thursday it was up to the board of Westpac Banking Corp to decide whether Chief Executive Brian Hartzer should resign in the wake of Australia’s biggest money laundering scandal. Financial crime watchdog AUSTRAC began legal action on Wednesday, accusing Westpac of 23 million breaches of anti-money laundering laws and seeking fines of up to A$21 million ($14 million) for every transaction Australia’s second largest bank failed to monitor adequately or report on time. The allegations included money transfers involving child exploitation. …read more […]
House Democrats on Wednesday blasted the Trump administration for not consulting sufficiently with Congress while negotiating a mini trade deal with Japan, failing to provide details about it and refusing to testify at a congressional hearing.
While DC was rocked earlier today with Ambassador Sondland’s testimony during the impeachment hearings, Trump took the escape hatch out to Austin, Texas to visit Apple’s manufacturing plant and meet with Apple CEO Tim Cook. …read more […]
Turkey’s state-owned Halkbank , which U.S. prosecutors have criminally charged with helping Iran evade sanctions, said it should be able to challenge whether U.S. courts can hear the case at all before it entered a formal plea, according to a court filing made public on Wednesday.
Wall Street’s main indexes ended Wednesday’s session lower on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve’s October policy meeting appeared to offer little help.
The vast majority of the Canadian cannabis sector gets beaten down almost every day. The Canadian cannabis sales aren’t living up to expectations after recreational cannabis legalization in October 2018 and the provinces over ordered product during Q2. The vast majority of the sector faced returns and allowances that crushed the sector during the recent Q3 reporting season.Despite a global market still forecasted to top $200 billion in annual sales in the distant future, investors need to focus on the present market conditions in the Canadian cannabis sector as the global opportunities are still mostly limited. The Canadian sector still …read more […]
A 17% yield with monthly dividends might be as welcome as an island after a shipwreck. But investors who travel to Orchid Island Capital (NYSE: ORC) should be wary of what lurks in this misleadingly lush dividend jungle.
Orchid Island Capital is a mortgage real estate investment trust (REIT) that invests in residential real estate mortgages.
Mortgage REITs borrow money short term and lend it out long term. They have struggled this year due to low interest rates and a narrow and sometimes inverted yield curve.
A narrow yield curve is when the difference between short- and long-term rates is very slim, making …read more […]
Payment processor PayPal Holdings Inc said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion.
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars.
Q3 2019 Delek Logistics Partners LP Earnings Call …read more […]
The United Auto Workers (UAW) said on Wednesday it has filed charges under its bylaws against its president, accusing him of “false, misleading and inaccurate expense records” and saying those charges could lead to his removal from his elected office and expulsion from the union.
Wall Street’s main indexes closed lower on Wednesday on concerns a “phase one” trade deal between Washington and Beijing may not be completed this year.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
