Business News
Norfolk Southern moves headquarters to Atlanta
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation.
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Business News
Toyota advances plans to replace Takata airbags in 65,000 vehicles
Toyota Motor Corp said on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced.
Business News
Brazil court grants Nissan ex-boss Ghosn access to Rio apartment
A Brazilian court decided on Wednesday that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right to access a contested Rio apartment to retrieve personal belongings, according to a legal document seen by Reuters.
Business News
Wall Street pushes higher on trade talk optimism
U.S. stocks jumped about 1.6 percent on Wednesday, bolstered by the technology sector, as signs Beijing would ease its “Made in China 2025” industrial policy added to optimism fueled by President Donald Trump’s upbeat comments on trade talks.
Business News
Canada minister to speak about extradition as China dispute worsens
Canadian Foreign Minister Chrystia Freeland will hold a news conference to discuss extradition procedures on Wednesday, a day after U.S. President Donald Trump said he might intervene in the extradition case of Huawei Technologies’ executive Meng Wanzhou.
Business News
Exclusive: China makes first major buy of U.S. soybeans since Trump-Xi meet
China made its first major U.S. soybean purchases in more than six months on Wednesday, two U.S. traders said, and its first since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce in early December.
Business News
Tencent Music debut strikes a chord with investors
Shares of China-based music streaming company Tencent Music Entertainment rose more than 13 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
Newsmakers
Stefan Schauss Joins CellCube (OTC: CECBF) (CSE: CUBE) Board Of Directors
Stefan Schauss Joins CellCube Board Of Directors TORONTO, Dec. 11, 2018 – CellCube Energy Storage Systems Inc. (“CellCube” or the “Company”) (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X, WKN A2JMGP) is pleased to announce the appointment of Stefan Schauss, […]
Business News
U.S. FCC considers ending merger ban among broadcast networks
The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks.
Business News
United Airlines to add international routes from San Francisco
United Continental Holdings Inc said on Wednesday it would add flights to New Delhi, Toronto and Melbourne from San Francisco, as the No. 3 U.S. airline looks to tap higher-paying international routes.
Business News
Techs power Wall Street higher on trade optimism
U.S. stocks jumped on Wednesday, boosted by the technology sector, as indications that Beijing would ease its “Made in China 2025” industrial policy added to optimism fueled by President Donald Trump’s upbeat comments on trade.
Business News
China’s Tencent Music jumps 11 percent in U.S. debut
Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
Business News
Stocks cheered by trade talk, sterling rises on May bets
Stock markets around the world rose along with U.S. Treasury yields on Wednesday as U.S. President Donald Trump sounded upbeat about a China trade deal and sterling bounced on bets that UK Prime Minister Theresa May would keep her job.
Trading Ideas
Altria Pays a Big Dividend… but is it Safe?
Altria Group (NYSE: MO) shares have dropped 25% this year due to disappointing sales growth, regulation, and management changes. As a result, the Altria dividend yield has climbed back towards its 10-year average. Altria now pays about a 6% yield but the important question, is the dividend safe? To answer this, let’s look at the business and dividend trends…
Altria Dividend Supported by a Big Business
Altria Group is a $102 billion business that operates out of Richmond, Virginia. Altria employs 8,300 people and makes about $2.3 million per employee in sales. That works out to $19 billion in total sales.
Altria is …read more […]
Business News
China preparing plan to increase access for foreign companies: WSJ
China is planning to replace an industrial policy with a new program that promises greater access for foreign companies, the Wall Street Journal reported https://www.wsj.com/articles/china-is-preparing-to-increase-access-for-foreign-companies-11544622331?mod=breakingnews on Wednesday, in a move to resolve trade tensions with the United States.