A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve or reject a motion by PG&E Corp to pay up to $350 million in bonuses to 10,000 employees after the power producer said the plan excluded senior executives and would help it fight devastating wildfires.
Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive factor in whether the bull market runs much further may be this year’s corporate earnings.
Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook.
Levi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its first report after returning to public markets, as the jeans maker’s strategy of expanding its retail stores and investing in its online business paid off.
Trade-sensitive industrials dragged Wall Street lower on Tuesday as U.S. President Donald Trump said he would impose tariffs on $11 billion of European goods, and as the International Monetary Fund lowered its global growth outlook.
Canada is looking at ways to boost the effectiveness of its retaliatory tariffs against the United States, Foreign Minister Chrystia Freeland said on Tuesday, but did not address remarks by a senior official who revealed what Ottawa might do.
Shareholders of Swiss bank UBS Group should oppose its compensation report for 2018, proxy adviser Glass Lewis said, citing “pay-for-performance concern”.
Oil prices edged lower on Tuesday, slipping off five-month highs after the International Monetary Fund cut its global economic growth forecasts and as Russia signaled it may retreat from its production-cutting deal with OPEC.
Boeing Co’s orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes.
Wall Street lost ground on Tuesday as tariff tensions between the United States and its European trading partners went from simmer to boil and the IMF cut its global growth outlook.
Wynn Resorts Ltd, the world’s No. 2 casino operator, said on Tuesday it scrapped preliminary talks to acquire Crown Resorts Ltd for A$10 billion ($7.1 billion), after the Australian Financial Review broke news of the negotiations.
Airbus dismissed more than 100 people and issued more than 300 warnings for ethics or compliance reasons in 2018, two people familiar with the company data said, as it conducts a wide-ranging internal crackdown and deals with outside fraud probes.
U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF’s global growth forecast fanned worries of a slowdown.
Oil prices fell on Tuesday, slipping from five-month highs as Russian comments indicating a possible easing from its production-cutting deal with OPEC overshadowed the prospect that violence in Libya could further tighten global markets.
Deutsche Bank’s Chief Executive had a series of meetings with Germany’s deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government.
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