Business News
DoubleLine’s Gundlach says new U.S. tariffs on China likely
Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on CNBC on Tuesday that he sees a better than 50% chance that new tariffs will happen.
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Business News
China sends top negotiator to U.S. in bid to avert tariff hike
Chinese Vice Premier Liu He will travel to Washington for trade talks on Thursday and Friday, Beijing said on Tuesday, setting up a last-ditch bid to avoid a sharp increase in tariffs on Chinese goods announced by President Donald Trump.
Business News
UniCredit sells 17 percent stake in online broker FinecoBank
Italy’s biggest bank UniCredit on Tuesday launched the sale of a 17 percent stake in online brokerage business FinecoBank as part of efforts to bolster the group’s financial strength.
Business News
U.S. energy secretary says Saudi raising production to counter Iran sanctions impact: CNBC
U.S. Energy Secretary Rick Perry told CNBC on Tuesday that Saudi Arabia is increasing its oil production to meet needs arising from sanctions on Iran.
Business News
Wall Street extends fall as U.S-China trade worries mount
U.S. stocks slid more than 1 percent on Tuesday in a broad-based selloff led by technology shares, as escalating trade tensions between the United States and China triggered global growth fears and kept investors away from riskier assets.
Business News
Lyft to face first major test as public company with quarterly reveal
Lyft Inc’s first quarterly report on Tuesday as a public company is expected to show investors its growth possibilities and competitive strength against rival Uber, whose initial public offering will hit the market later this week.
Business News
SAP CEO welcomes ‘fantastic’ activist shareholder Elliott
SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth.
Newsmakers
YIELD GROWTH (OTC: BOSQF) Announces Launch of New Urban Juve Website Featuring Custom CMS System
VANCOUVER, British Columbia, May 07, 2019 — The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF) (Frankfurt:YG3) is pleased to announce that the new online flagship for its wholly owned subsidiary, Urban Juve, is now officially live. The technology for the […]
Newsmakers
American Premium Water Corp. (OTC: HIPH) Announces Distribution on Amazon and Asia
The Company’s Vanexxe varicose vein available for sale on Amazon.com and entered into an agreement to be sold on Incentibuys.com, one of Asia’s fastest growing MLM networks PLAYA VISTA, May 07, 2019 – American Premium […]
Business News
Mylan gives no clear view on strategic options, shares plunge 17 percent
Drugmaker Mylan NV on Tuesday reported lower-than-expected quarterly revenue and failed to provide greater clarity on a potential revamp of the company’s strategy, sending its shares down 17 percent to a more than six-and-a-half year low.
Business News
J&J agrees to pay about $1 billion to resolve hip implant lawsuits: Bloomberg
Johnson & Johnson agreed to pay about $1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
Business News
Allergan CEO says company is urgently looking at all options to boost share price
Allergan Plc Chief Executive Brent Saunders said on Tuesday that he and the board of directors were looking with a sense of urgency at all options to revive the Botox maker’s falling share price, but a lack of specifics failed to boost investor sentiment.
Business News
SAP CEO welcomes Elliott as ‘fantastic investor’
SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion investment by activist investor Elliott, saying it was aligned with his goal of expanding margins through driving top-line growth.
Business News
Wall Street plunges on heightening U.S.-China trade worries
Wall Street’s main indexes tumbled more than 1 percent on Tuesday, as renewed worries over trade negotiations with China stoked global growth worries and kept investors away from risky assets.
Business News
Apple teams up with SAP to help clients develop iPhone business apps
Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple’s machine-learning technology.