Global stock markets rose on Friday after JP Morgan’s results kicked off the U.S. corporate earnings season in style, while signs of stabilization in China’s economy also helped riskier assets on views the growth outlook worldwide is better than thought.
The S&P 500 crossed the 2,900 mark for the first time since early October on Friday, boosted by a jump in Walt Disney shares and as bank stocks surged after strong results from JPMorgan.
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The U.S. auto safety agency is probing reports of potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, it said on Friday.
Wells Fargo & Co’s aggressive cost cutting helped boost its quarterly profit, but shares in the lender fell after it dialed back its outlook for how much net interest income it would bring in this year.
Bristol-Myers Squibb Co’s shareholders voted to approve the drugmaker’s $74 billion takeover of biotech Celgene Corp on Friday despite a campaign by activist hedge fund Starboard Value LP to scuttle the deal.
JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results.
Mexican government and business leaders meet with their U.S. counterparts for a second straight day on Friday, seeking to hasten ratification of a trade deal, resolve border delays that are hurting exporters, and discuss metals tariffs.
The S&P 500 crossed the 2,900 mark for the first time since early October on Friday, boosted by a jump in Walt Disney shares and as bank stocks surged after strong results from JPMorgan.
(This April 11 story has been refilled to add dropped word ‘part of’ in headline)
The European Commission said on Friday it had approved Japanese firm Nidec’s planned purchase of U.S. white goods maker Whirlpool Corp’s compressor subsidiary Embraco, subject to conditions.
Germany’s Merck KGaA sealed a $6.5 billion takeover deal with Versum Materials after overturning a deal it had agreed with rival bidder Entegris.
The chief executive of luxury race car maker Ferrari said on Friday he was confident about meeting the targets of a business plan through 2022 despite a backdrop of uncertainties.
Occidental Petroleum Corp submitted a cash-and-stock bid worth $70 per share for Anadarko Petroleum Corp, a source familiar with the matter said on Friday.
Fiat Chrysler gave an upbeat forecast for 2019 after a tricky end to last year and a slow start to this one, confirming the carmaker was on track to meet its targets and easing fears of a slowdown on the North American market.
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