Ukraine has widened its investigation into the founder of energy company Burisma to include suspicion of embezzling state funds, Prosecutor General Ruslan Ryaboshapka said on Wednesday.
Mitsubishi Heavy Industries Ltd is confident that it has the technical and production know-how to build high-tech wings for Airbus SE jetliners, the chief executive of the Japanese conglomerate said on Wednesday.
A Florida-based charity will pay $4 million to resolve claims that it acted as a conduit for companies including Biogen Inc and Novartis AG to pay kickbacks to Medicare patients using their high-priced multiple sclerosis drugs, the U.S. Justice Department said on Wednesday. The settlement with the patient assistance charity The Assistance Fund marked the third so far with a foundation linked to an industry-wide probe that has resulted in $850 million in settlements with drugmakers and charities. TAF like the other foundations provide assistance to patients seeking to pay out-of-pocket costs for medications and says that since …read more […]
Global stock markets stumbled and the dollar gained on Wednesday after China blasted a U.S. Senate bill aimed at protecting human rights in Hong Kong, the latest obstacle to easing tensions in a prolonged Sino-U.S. trade war that has dented growth worldwide.
Oil prices surged more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
The Oracle of Omaha does not approve of the practice Continue reading… …read more […]
Q3 2019 Under Armour Inc Earnings Call …read more […]
Canopy Growth shares are popping after Bank of America upgraded it to a “buy” from “neutral.” The bank says the worst looks over for Canopy. Yahoo Finance’s Alexis Christoforous and Jared Blikre discuss on The Ticker …read more […]
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.
An Alitalia rescue plan ran into trouble on Wednesday when its main sponsor, railway group Ferrovie dello Stato, said conditions were not in place to set up an investor consortium to save the struggling Italian carrier. Alitalia, which has been run by administrators since May 2017, is burning through cash reserves and is expected to run out of money at the end of this year. Ferrovie’s comments came a day after infrastructure group Atlantia, touted to be one of the key potential investors in Alitalia together with a foreign airline, said it was not ready to join a …read more […]
Lowe’s shares jumped after the home improvement company beat on third-quarter earnings and boosted its 2019 forecast. CFRA Industry & Equity Research Global Director Ken Leon joins Alexis Christoforous on The Ticker to discuss. …read more […]
Wall Street’s main indexes were lower on Wednesday on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, and minutes from the Federal Reserve’s October policy meeting offered little help.
Q3 2019 Newell Brands Inc Earnings Call …read more […]
(Bloomberg) — Bumble Bee Foods LLC, the canned tuna producer that pleaded guilty to price-fixing, is in talks with seafood industry peer FCF Fishery to buy the company during a bankruptcy reorganization, according to people with knowledge of the discussions.Taiwan-based FCF would act as a so-called stalking-horse bidder in a Chapter 11 reorganization, which Bumble Bee could file as soon as this week, said the people, who asked not to be identified discussing the private deliberations. A stalking-horse bid sets a floor for any other offers that emerge in a court-supervised sale. Talks could still fall apart and terms of …read more […]
White House Deputy Press Secretary Judd Deere has said that talks with China are continuing and that there is progress on the text of a phase-one trade deal, Fox News reported on Wednesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
