German lender NordLB’s chairman Reinhold Hilbers said on Friday the German state of Lower Saxony was reviewing how it could strengthen the public sector lender’s balance sheet after it scored worst among German banks in European stress tests.
Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers. Walmart Inc , Target Corp and other grocers have kept prices low over the past two years to fend off growing challenges from Amazon.com Inc’s Whole Foods Market, German discount supermarket Aldi Inc, and o
U.S. stocks were on track to snap a three-day rally on Friday after White House economic adviser Larry Kudlow weakened optimism over U.S.-China trade talks and as Apple shares dropped following a disappointing forecast.
Britain’s Barclays and Lloyds were the surprise laggards in a European Union bank health check on Friday, alongside Banco BPM , one of the Italian banks which had been expected to struggle.
Italy’s Banco BPM , one of the banks that fared the worst in Europe-wide stress tests of the sector, said on Friday one-off costs had weighed on the outcome of the health check.
Google’s top lobbyist in Washington is stepping aside as the U.S. technology company faces criticism on Capitol Hill on issues including privacy protections and its investment plans in China, the Alphabet Inc unit said on Friday.
Deutsche Bank on Friday scored among the ten worst banks in the latest round of European stress tests, yet another sign of weakness at Germany’s largest lender.
Tesla booked $189.5 million in automotive regulatory credits in its third quarter which helped contribute to profitability, the company said in a quarterly filing on Friday.
Since the mid-2000s, North Dakota farmer Paul Thomas has planted more of his land with soybeans as China’s demand for the oilseed grew. The shift culminated this year when Thomas planted 1,600 of his 5,000 acres with soybeans, the most ever.
Michael Milken
U.S. stocks fell for the first time in four days on Friday after White House economic adviser Larry Kudlow deflated optimism over Sino-U.S. trade talks and as Apple dragged technology stocks lower following a disappointing forecast.
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.
Volkswagen boss Herbert Diess will outline a 10-year plan on Nov. 16 to slash research costs by working with rivals, a step which would sideline Audi as the group’s leading development center.
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities.
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