Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, the third most-valuable public U.S. company said in on Thursday.
Billionaire Vincent Bollore, Vivendi’s number one controlling shareholder, will leave the media giant’s board in April in a sign that he is further withdrawing from his businesses, the Paris-based company said on Thursday.
Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked such coverage.
U.S. stocks fell on Thursday, led by declines in consumer and bank shares, after bleak retail data fanned concerns about retailer earnings and led to increased bets of interest rate cuts, with losses capped by optimism over Sino-U.S. trade talks.
Amazon.com Inc said Thursday it will not move forward with plans to build a headquarters in New York after rising opposition from local politicians.
The Trump administration’s top two negotiators in trade talks with China will meet on Friday with Chinese President Xi Jinping, but there has been no decision to extend a March 1 U.S. deadline for a deal, White House economic adviser Larry Kudlow said on Thursday.
Wealthfront, one of the largest digital wealth management firms known as “robo-advisers”, said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on deposits of 2.24 percent, significantly higher than the average U.S. rate.
South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a fifth day of power cuts hurt businesses and drove the rand to a six-week low on Thursday.
Mexican state oil firm Pemex will make all its debt payments, President Andres Manuel Lopez Obrador said on Thursday, promising to shore up its finances after Moody’s and Fitch downgraded the firm’s credit rating to one notch above junk.
Hundreds of workers of Air France’s Dutch subsidiary KLM gathered at its office in Amstelveen, Netherlands, on Thursday to deliver a petition voicing support for the subsidiary’s CEO Pieter Elbers.
Barclays and J.P. Morgan on Thursday reduced their estimates on U.S. economic growth in the final quarter of 2018 following data that showed domestic retail sales took a 1.2 percent spill in December, which was its steepest monthly drop in nine years.
The steepest decline in U.S. retail sales since 2009 in December erased broad gains in world stock markets on Thursday and pushed investors into the safety of government bonds.
Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday.
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
U.S. stocks fell on Thursday, as consumer and retail stocks dropped after a sharp decline in retail sales in December suggested a slowdown in economic activity.
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