Business News
CBS board in exit negotiations with CEO Moonves: source
Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
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Tesla fundamentals will outweigh Elon Musk's behavior: Gene Munster
Loup Ventures Managing Director Gene Munster on the future of Tesla, why he predicts Apple will not buy Tesla and reports Apple will expand its wearables business. …read more […]
Business News
Exclusive: Customers to shun Rusal at Berlin ‘mating season’ for 2019 aluminum deals
European customers will avoid deals with Russia’s United Company Rusal, under U.S. sanctions, when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions said.
Business News
U.S. weekly jobless claims drop to near 49-year low
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.
Business News
Tech weakness, trade jitters hit S&P, Nasdaq
The S&P 500 and the Nasdaq dropped on Thursday, as internet stocks faltered for a second day on concerns about increased regulation, while Micron led a decline in chip stocks.
Business News
Elliott renews calls for Hyundai Motor revamp: source
Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal.
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Buzz From Nike’s Kaepernick Campaign Now Worth More Than $163 Million
Nike Inc.’s market capitalization is down $3.4 billion since the company released its latest ad campaign featuring controversial quarterback-turned-activist Colin Kaepernick. The latest estimates put the value of the media exposure from the campaign at more than $163 million, according to Apex Marketing Group — almost four times the $43 million tallied in the first 24 hours since the ad debuted. Nike’s stock was up as much as .94 percent Thursday as of 10:13 in New York. …read more […]
Business News
Facebook removes Burmese translation feature after Reuters report
Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results.
Business News
U.S. factory orders fall in July on weak aircraft demand
New orders for U.S.-made goods fell slightly more than expected in July, weighed down by weak demand for aircraft, but signs of a pickup in business spending suggested that the manufacturing sector remained on solid ground.
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Edited Transcript of BEZQ.TA earnings conference call or presentation 23-Aug-18 1:00pm GMT
Q2 2018 Bezeq Israeli Telecommunication Corp Ltd Earnings Call …read more […]
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The Latest: Intelligence director says he’s not op-ed author
Add the director of national intelligence to the list of Trump administration officials who say they didn’t write the anonymous opinion piece in The New York Times that said an internal “resistance” was working to thwart some of President Donald Trump’s efforts. Secretary of State Mike Pompeo (pahm-PAY’-oh) has denied writing an anonymous New York Times opinion piece that said an internal “resistance” was working to thwart some of President Donald Trump’s efforts. …read more […]
Business News
Wall Street opens flat as trade worries linger
U.S. stocks opened flat on Thursday, weighed down by concerns that the Trump administration would make good on its plan for fresh China tariffs and as energy stocks dropped.
Business News
CBS board in $100 million exit negotiations with CEO Moonves: CNBC
Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves and has offered about $100 million exit package, CNBC reported, citing people familiar with the negotiations.
Business News
U.S., Canadian trade negotiators set for second day of talks
Top U.S. and Canadian trade negotiators were set for a second day of talks on Thursday over a revised North American Free Trade Agreement after their subordinates worked late into the night to flesh out opportunities for a compromise deal.
Business News
U.S. weekly jobless claims fall to near 49-year low
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.