A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell
** Netflix’s shares down 4.5 pct at $337.46 in extended trading – if losses hold on Friday, stock set for its biggest 1-day fall so far this year
Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European Union.
Workers at German carmaker Audi’s plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they try to force the company to narrow the wage gap between their salaries and those of Western and regional peers.
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, hurt by higher expenses and provisions for credit losses.
Slack Technologies Inc’s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year.
JPMorgan Chase & Co CEO Jamie Dimon is receiving a 5 percent raise, bringing his total compensation for 2018 to $31 million, the company said in a filing on Thursday.
Netflix Inc posted lower-than-expected quarterly quarter revenue on Thursday, despite a slate of original content the streaming pioneer released in the quarter including hit thriller “Bird Box”, sending its shares down 3 percent.
U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.
American Express Co reported a fourth-quarter profit compared to a loss in the same quarter a year ago, when the company took a charge of $2.6 billion due to a change in U.S. tax laws.
Trian Fund Management LP will not challenge PPG Industries Inc’s board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund’s demands and announced new financial targets, people familiar with the matter said on Thursday.
John “Jack” Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds.
Fitch Ratings said on Thursday power company PG&E Corp’s planned bankruptcy will not at this point hurt the credit quality of California.
Nissan Motor Co Ltd’s U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks.
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