Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats.
Oil prices reached their highest levels since mid-November on Friday, boosted by hopefulness that the United States and China would soon reach a trade deal, but new record U.S. oil supply limited gains.
New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a report that Facebook Inc may be accessing far more personal information from smartphone users, including health and other sensitive data, than had previously been known.
AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing.
U.S. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress.
St. Louis Federal Reserve Bank President James Bullard on Friday said he was not expecting another rate cut in 2019, but added that the U.S. Federal Reserve will see how the U.S. economy progresses this year.
Credit reporting company Equifax Inc said it was informed by several U.S. regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people.
General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down on its marquee brands, raising concerns that years of rigorous cost cuts had eroded the value of its Kraft and Oscar Mayer products.
UBS was warned numerous times over a period of at least six years that its French private bank risked breaking local tax laws, according to the written judgment in a case where the Swiss bank faces a 4.5 billion euro ($5.10 billion) penalty.
France expressed reservations on Friday about proposed trade negotiations with the United States, diplomats said, while other EU countries supported talks with Washington that could ward off punitive U.S. tariffs on European cars.
Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down on its marquee brands, raising concerns that years of rigorous cost cuts had eroded the value of its Kraft and Oscar Mayer products.
Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record U.S. oil production limited gains.
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