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Business News

Theranos founder Elizabeth Holmes and top deputy ordered to stand trial in 2020

June 29, 2019 admin Comments Off on Theranos founder Elizabeth Holmes and top deputy ordered to stand trial in 2020

Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company’s technology, court documents show.

…read more […]

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Business News

G20 heads to stop short of denouncing protectionism in communique: Nikkei

June 29, 2019 admin Comments Off on G20 heads to stop short of denouncing protectionism in communique: Nikkei

Group of 20 leaders will agree to accelerate World Trade Organization (WTO) reforms but stop short of calling for the need to resist protectionism in a communique to be issued on Saturday, the Nikkei newspaper said.

…read more […]

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Business News

Trump, Xi set for high-stakes trade war talks in Japan

June 29, 2019 admin Comments Off on Trump, Xi set for high-stakes trade war talks in Japan

U.S. President Donald Trump and Chinese President Xi Jinping are set for a high-stakes meeting in Japan on Saturday that could salvage trade talks or plunge the world’s two largest economies into a deeper trade war.

…read more […]

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Business News

U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

June 29, 2019 admin Comments Off on U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

Federal prosecutors have subpoenaed records from Boeing Co relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times reported on Friday, citing two sources familiar with the investigation.

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Apple moves Mac Pro production to China from U.S.: Wall Street Journal

June 28, 2019 admin Comments Off on Apple moves Mac Pro production to China from U.S.: Wall Street Journal

Apple Inc is shifting manufacturing of its new Mac Pro desktop computer to China from the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter.

…read more […]

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Wall Street wraps up its best June in decades as G20 convenes

June 28, 2019 admin Comments Off on Wall Street wraps up its best June in decades as G20 convenes

Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

…read more […]

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Business News

Facebook’s Libra coin likely to run a regulatory gauntlet

June 28, 2019 admin Comments Off on Facebook’s Libra coin likely to run a regulatory gauntlet

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

…read more […]

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Business News

U.S. banks play cat-and-mouse game with Fed on capital returns

June 28, 2019 admin Comments Off on U.S. banks play cat-and-mouse game with Fed on capital returns

An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital to shareholders.

…read more […]

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Business News

When controversies hit, wait-and-see no longer works, U.S. companies find

June 28, 2019 admin Comments Off on When controversies hit, wait-and-see no longer works, U.S. companies find

When Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies.

…read more […]

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Slack Technologies down 1% after service outage

June 28, 2019 admin Comments Off on Slack Technologies down 1% after service outage

Shares of Slack Technologies were down about 1% in extended trade on Friday after the messaging software company said it was still working to resolve reports of downgraded performance from some users.

…read more […]

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Luxury online reseller The RealReal closes up more than 40% in debut

June 28, 2019 admin Comments Off on Luxury online reseller The RealReal closes up more than 40% in debut

Shares of U.S. online luxury reseller The RealReal Inc closed up more 40% in their debut on Friday, giving it a market capitalization of around $2.4 billion and signaling investor appetite for listings of consumer companies.

…read more […]

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Business News

Wall St. wraps up its best June in decades as G20 convenes

June 28, 2019 admin Comments Off on Wall St. wraps up its best June in decades as G20 convenes

Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

…read more […]

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Business News

Stocks advance to end first half as G20 in focus

June 28, 2019 admin Comments Off on Stocks advance to end first half as G20 in focus

A gauge of global stocks climbed on Friday in advance of a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, as global equities notched their best first half since 1997.

…read more […]

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Wall St. rises as investors eye U.S.-China trade talks at G20

June 28, 2019 admin Comments Off on Wall St. rises as investors eye U.S.-China trade talks at G20

Wall Street advanced on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of the much-anticipated trade talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Japan.

…read more […]

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Business News

Oil prices fall, but post weekly gain ahead of G20 talks, OPEC

June 28, 2019 admin Comments Off on Oil prices fall, but post weekly gain ahead of G20 talks, OPEC

Oil prices fell on Friday but posted their second straight week of gains ahead of trade talks between the U.S. and Chinese presidents this weekend, and on widely expected production cuts from OPEC on Monday.

…read more […]

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