Business News
PG&E strikes deal with creditors over restructuring
Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.
Year: 2020
CEO Interview
NexTech AR Solutions (OTC: NEXCF)”V-Commerce” Aims at Transforming $3.7 Trillion Retail Sector
NEXT SUPER STOCK conference presenter NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) follow-up CEO Interview with Evan Gappelberg. Topics discussed: Launch of “V-Commerce” initiative which is a potential “game changer” for bricks and […]
Business News
Toyota union to seek smaller pay rise in 2020 vs last year: NHK
Toyota Motor Corp’s labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year.
Business News
U.S. economy to coast, no big boost expected from trade deal: Reuters poll
The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.
Business News
UK pay settlements slow in December, start 2020 cautiously: XpertHR
British employers offered their staff a median annual pay settlement of 2.2% in the three months to December, down from 2.6% in the three months to November, industry data showed on Thursday.
Trading Ideas
4 Promising Oil Trends To Watch In 2020
It’s no secret that energy stocks have struggled this year, but there are some companies that could still have great success …read more […]
Trading Ideas
Texas Instruments Points to Signs of Chip Industry Revival
(Bloomberg) — Texas Instruments Inc. gave a quarterly sales and profit forecast that was in line with estimates, indicating that demand from electronics makers is poised to improve amid progress resolving the China-U.S. trade dispute.First-quarter earnings will be 96 cents a share to $1.14 a share, on revenue of $3.12 billion to $3.38 billion, the Dallas-based company said Wednesday in a statement. On average, analysts predicted profit of $1.04 a share and sales of $3.2 billion, according to data compiled by Bloomberg.Texas Instruments has the biggest customer list and widest product range in the semiconductor industry, making its earnings an …read more […]
Business News
ECB to launch review that will redefine its mission and tools
European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it.
Business News
Commonwealth Bank of Australia’s pension arm hit with another class-action lawsuit
Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.
Business News
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.
Trading Ideas
Procter & Gamble, Intel earnings: What to know in markets Thursday
Earnings season is in full swing and several heavyweights are gearing up to report results Thursday including consumer staples giant Procter & Gamble and chipmaker Intel. …read more […]
Business News
Boeing’s new CEO orders rethink on key jetliner project
Boeing Co’s new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis.
Business News
Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter
Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its employees pension plans.
Business News
Boeing CEO expects to resume 737 MAX production before mid-year
Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.
Business News
Cathay to let crew wear masks on all flights due to new coronavirus
Hong Kong’s Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through March 31.