Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said on Thursday.
Campbell Soup Co is close to naming Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive, people familiar with the matter said on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits.
The Nasdaq Composite Index , known for its high-profile technology and internet companies, dropped into bear market territory in intraday trading on Thursday, the latest segment of the U.S. stock market to fall more than 20 percent from its previous high.
There is no more mistletoe hanging above the markets.
Late fall brought a dust cloud of bad news for the U.S. economy, with shippers like Fedex cutting their global outlook for next year, chipmaker Micron Technology missing its revenue target as demand slides worldwide, and GM trimming 14,000 jobs as sales slow, not to mention a stock market limping into year end.
Tesla Inc Chief Executive Elon Musk raised hopes again on Thursday that he could ride to the rescue of a threatened General Motors Co car plant at the center of a political storm about auto jobs, and GM replied, saying the Ohio factory’s fate depends on union talks next year.
A Brazilian judge on Thursday issued his second injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing Co , as attempts to stop the deal intensified while the two companies neared closing the transaction.
Marlboro cigarette maker Altria Group Inc will buy a 35 percent stake in Juul Labs Inc for $12.8 billion, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroads among smokers.
World equity markets continued a week-long slide on Thursday, one day after the U.S. Federal Reserve indicated it was set on its interest rate-hiking path next year despite signs that global economic growth is stuttering.
Technology stocks led a slide on Wall Street on Thursday, with the S&P 500 languishing at 15-month lows and the Nasdaq flirting with bear market territory, after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike path.
Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
– Shares of social media company Twitter down 11.3 percent at $29.22; set for its biggest one-day percent fall in nearly five months
Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores.
U.S. stocks dropped over 1 percent on Thursday, with the S&P 500 languishing at 15-month lows, as disappointing earnings reports added to the gloom after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike trajectory.
General Motors Co said on Thursday the fate of its Lordstown, Ohio, car assembly plant, which Tesla Inc Chief Executive Elon Musk has suggested he might buy, is a matter to be settled with the plant’s union next year.
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