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Home2019

Year: 2019

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Business News

Oil slips on economic downturn fears, but OPEC cuts offer support

January 4, 2019 admin Comments Off on Oil slips on economic downturn fears, but OPEC cuts offer support

Oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.

…read more […]

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Business News

U.S. judge limits evidence in trial over Roundup cancer claims

January 4, 2019 admin Comments Off on U.S. judge limits evidence in trial over Roundup cancer claims

A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases.

…read more […]

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Business News

Markets wager on Fed rate cut as slowdown fears swell

January 4, 2019 admin Comments Off on Markets wager on Fed rate cut as slowdown fears swell

Global markets were on edge on Friday as dire U.S. economic data slammed Wall Street and pushed investors to bet the Federal Reserve could reverse its policy tightening before the end of this year.

…read more […]

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Business News

Oil drops on concerns of economic downturn, but OPEC cuts support

January 4, 2019 admin Comments Off on Oil drops on concerns of economic downturn, but OPEC cuts support

U.S. oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although crude supply withdrawals by producer club OPEC prevented prices from dropping even further.

…read more […]

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Business News

Poor U.S. data, Apple warning spook global markets

January 4, 2019 admin Comments Off on Poor U.S. data, Apple warning spook global markets

Global markets were on edge on Friday as dire U.S. economic data slammed Wall Street and pushed investors to bet the Federal Reserve could reverse its policy tightening before the end of this year.

…read more […]

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Business News

Southwest Airlines co-founder Herb Kelleher dies

January 4, 2019 admin Comments Off on Southwest Airlines co-founder Herb Kelleher dies

Herb Kelleher, co-founder of Southwest Airlines Co , has died at age 87, the airline said https://www.southwestaircommunity.com/t5/Southwest-Stories/Farewell-to-Southwest-s-Founder/ba-p/84481 on Thursday.

…read more […]

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Qualcomm enforces ban to halt some Apple iPhone sales in Germany

January 4, 2019 admin Comments Off on Qualcomm enforces ban to halt some Apple iPhone sales in Germany

Qualcomm Inc on Thursday took steps to enforce a court order banning the sale of some iPhone models in Germany, a move that will likely see Apple Inc pull those iPhone models from its German stores.

…read more […]

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Business News

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

January 4, 2019 admin Comments Off on Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in Mozambique, a spokesman for U.S. prosecutors said.

…read more […]

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Business News

China warnings signal Trump’s trade war finally hitting home

January 4, 2019 admin Comments Off on China warnings signal Trump’s trade war finally hitting home

Weak sales at Apple and Cargill, U.S. giants of technology and agriculture, may be the clearest sign yet that President Donald Trump’s quest to reset world trade carries costs at home and could isolate the United States as the increasingly fragile engine for global economic growth.

…read more […]

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Business News

Delta shares fall 10 percent on lowered outlook; drags down rivals

January 4, 2019 admin Comments Off on Delta shares fall 10 percent on lowered outlook; drags down rivals

Shares of Delta Air Lines Inc fell about 9 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.

…read more […]

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Business News

Instant view: Stocks slammed, Treasury yields fall, yen surges

January 4, 2019 admin Comments Off on Instant view: Stocks slammed, Treasury yields fall, yen surges

U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve’s policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long.

…read more […]

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Business News

Detroit Three ready for 2019 rumble over lucrative pickup trucks

January 3, 2019 admin Comments Off on Detroit Three ready for 2019 rumble over lucrative pickup trucks

The battle for profits from sales of large pickup trucks is intensifying among the Detroit Three automakers as sales of small cars in the United States shrivel.

…read more […]

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Business News

Stocks slammed, Treasury yields fall, yen surges

January 3, 2019 admin Comments Off on Stocks slammed, Treasury yields fall, yen surges

U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve’s policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long.

…read more […]

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Business News

Wall Street plunges as factory data, Apple warning fuel slowdown fears

January 3, 2019 admin Comments Off on Wall Street plunges as factory data, Apple warning fuel slowdown fears

Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.

…read more […]

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Business News

Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

January 3, 2019 admin Comments Off on Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world’s largest cancer drug businesses in the biggest pharmaceutical deal ever.

…read more […]

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