Oil prices pulled back in volatile trading on Monday as both crude benchmarks fell after rallying more than $1 a barrel early in the session on escalating tensions between the U.S. and Iran.
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday.
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday. The cuts at the Pulitzer Prize-winning daily paper, known for eye-catching front-page headlines and taking on the city’s power players, including real estate developer Donald Trump long before he was elected president, drew criticism from both average readers and politicians who bristled at how the paper covered them. Owner Tronc Inc said the cuts are intended to make the paper a stronger competitor …read more […]
French water and waste group Veolia said in a statement executive committee member Claude Laruelle had been appointed new chief financial officer.
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off one-half of its editorial staff, as U.S. newspapers continue to crumple under sharply declining advertising and readership, it said on Monday.
U.S. stock indexes treaded water on Monday, as gains in financials were offset by losses in Amazon and industrials, as investors waited for earnings reports from marquee corporations to assess the impact of an escalating U.S.-China trade conflict.
U.S. toymaker Hasbro Inc beat expectations for quarterly profit and revenue on Monday as a jump in Marvel toy sales helped it recover ground lost in last year’s Toys ‘R’ Us bankruptcy, sending its shares up as much as 14 percent.
One of the main defendants in India’s largest bank fraud case made a court application on Monday for cancellation of an arrest warrant against him, citing fears for his life because of a growing number of mob lynchings in the country.
Shares of Amazon (AMZN) dipped nearly 2% shortly after the open on Monday, but the stock quickly bounced off that low as investors appeared unsure how to digest a handful of interesting headlines related to the e-commerce behemoth. …read more […]
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC , several sources familiar with the matter said.
U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers. The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.38 million. Sam Khater, chief economist at mortgage buyer Freddie Mac, said the lack of meaningful pay raises could weigh on the housing market. …read more […]
China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry.
Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091?mod=hp_lead_pos4 on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. Tesla did not respond to a series of emails and phone calls seeking comment. …read more […]
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s potential acquisition of a stake in petrochemical maker SABIC , four sources familiar with the matter said.
Owing money in retirement isn’t ideal — but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve’s latest Survey of Consumer Finances. Mortgage debt, especially, can be a huge burden in retirement. …read more […]
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