Articles by admin

Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year results on Friday.

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The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. President Donald Trump imposes duties on European cars, Bloomberg News reported on Friday, citing an unnamed senior EU official.

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Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.

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U.S. stock index futures pointed to a higher open on Friday on signs of progress in the ongoing trade talks between the United States and China.

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Oil prices rose on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.

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European Union ministers began debating on Friday when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if they wait too long.

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European Trade Commissioner Cecilia Malmstrom said on Friday she expected European Union governments to decide soon to start trade negotiations with the United States.

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U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.

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Kraft Heinz Co shares fell 20 percent on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.

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Global shares crept higher on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports.

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AutoNation Inc reported lower-than-expected quarterly profit and revenue on Friday, as the largest U.S. auto retailer sold fewer new vehicles, and the company named a new chief executive officer.

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Britain’s Serious Fraud Office (SFO) has dropped long-running investigations into individuals at aero engine maker Rolls-Royce and drugs giant GlaxoSmithKline, adding to a growing list of cases where the agency has failed to land convictions.

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UBS plans to stick to its proposed dividend for 2018, CEO Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a 4.5 billion euro ($5.10 billion) penalty in a French tax ruling that the bank has appealed.

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AutoNation Inc, the largest U.S. auto retail chain, said on Friday Carl Liebert will succeed longtime Chief Executive Officer Mike Jackson.

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NEW YORK – JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities.

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