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Home2019

Year: 2019

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Business News

Walmart partners with four more grocery delivery companies

January 17, 2019 admin Comments Off on Walmart partners with four more grocery delivery companies

Walmart Inc said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 U.S. cities.

…read more […]

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Business News

Hitachi debacle strengthens Franco-Chinese hand in UK nuclear

January 17, 2019 admin Comments Off on Hitachi debacle strengthens Franco-Chinese hand in UK nuclear

Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF and its Chinese partner in talks with the government on how to finance new reactors.

…read more […]

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Business News

U.S. stocks edge up on defense, healthcare gains; pound firms

January 17, 2019 admin Comments Off on U.S. stocks edge up on defense, healthcare gains; pound firms

Gains in defense shares as well as healthcare helped to keep U.S. stocks in positive territory on Thursday, while an end to the latest chapter in Britain’s exit from the European Union, Prime Minister Theresa May’s defeat of a confidence vote, lifted sterling.

…read more […]

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Business News

Fossil to sell smartwatch technology worth $40 million to Google, shares rise

January 17, 2019 admin Comments Off on Fossil to sell smartwatch technology worth $40 million to Google, shares rise

Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.

…read more […]

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Business News

Indian air safety watchdog orders extra checks on planes with Pratt & Whitney engines

January 17, 2019 admin Comments Off on Indian air safety watchdog orders extra checks on planes with Pratt & Whitney engines

India’s air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary grounding orders affected the planes last year.

…read more […]

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Business News

Banca Carige questions Fitch’s downgrade

January 17, 2019 admin Comments Off on Banca Carige questions Fitch’s downgrade

Banca Carige on Thursday challenged a downgrade by ratings agency Fitch, saying it reserved the right to ask authorities to look into the “anomalous” move.

…read more […]

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Business News

ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources

January 17, 2019 admin Comments Off on ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources

The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.

…read more […]

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Health, defense stocks help Wall St grind higher

January 17, 2019 admin Comments Off on Health, defense stocks help Wall St grind higher

U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financial sector shrugged off Morgan Stanley’s disappointing earnings.

…read more […]

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Hedge fund pushes for share buyback at Gulfport to boost stock price

January 17, 2019 admin Comments Off on Hedge fund pushes for share buyback at Gulfport to boost stock price

Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural gas and oil company.

…read more […]

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Business News

Before start of new oil pact, OPEC made progress averting glut

January 17, 2019 admin Comments Off on Before start of new oil pact, OPEC made progress averting glut

OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.

…read more […]

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Business News

Health, defense stocks help Wall Street grind higher

January 17, 2019 admin Comments Off on Health, defense stocks help Wall Street grind higher

U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in the healthcare and industrial sectors and as financials shrugged off Morgan Stanley’s disappointing earnings.

…read more […]

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Business News

Britain’s RBS seeks investor backing for share buyback plan

January 17, 2019 admin Comments Off on Britain’s RBS seeks investor backing for share buyback plan

Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a return to private ownership.

…read more […]

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Business News

Lampert wins Sears bankruptcy auction with $5.2 billion bid

January 17, 2019 admin Comments Off on Lampert wins Sears bankruptcy auction with $5.2 billion bid

Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running.

…read more […]

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Business News

Trade war shifts feed for U.S. hogs away from ethanol byproduct

January 17, 2019 admin Comments Off on Trade war shifts feed for U.S. hogs away from ethanol byproduct

A steep downturn in U.S. ethanol output linked to the trade war with China is raising costs for American farmers who feed a byproduct of the corn-based biofuel to hogs, cattle and chickens.

…read more […]

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Sears chairman Lampert wins bankruptcy auction for retailer with $5.2 billion bid

January 17, 2019 admin Comments Off on Sears chairman Lampert wins bankruptcy auction for retailer with $5.2 billion bid

Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.

…read more […]

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