Trading Ideas
How this Indiana couple stole $1.2 million from Amazon
“Their Amazon scheme was their ‘job,'” the federal government said. …read more […]
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Business News
McDonald’s plans fresh round of layoffs: WSJ
(Reuters) – McDonald’s Corp is planning a new round of layoffs to further shrink its corporate structure, the Wall Street Journal reported on Thursday citing an email the company sent to all its U.S. employees, suppliers and franchisees.
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Genworth Financial (GNW) in Focus: Stock Moves 6.4% Higher
Genworth Financial (GNW) was a big mover last session, as the company saw its shares rise more than 6% on the day. …read more […]
Business News
AmTrust agrees to sweetened $2.95 billion buyout offer
(Reuters) – U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn.
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AmTrust agrees to sweetened $2.95 bln buyout offer
U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by AmTrust’s founding family, its chief executive officer and some private equity funds, will pay $14.75 per share in cash, up from its earlier offer of $13.50 per share, the insurer said. …read more […]
Business News
Qualcomm CEO hopes ZTE deal will clear acquisition of NXP in China
(Reuters) – Qualcomm Inc CEO Steven Mollenkopf said on Thursday he hoped an announced agreement between the United States and China on the future of ZTE Corp will pave the way for China clearing Qualcomm’s acquisition of NXP Semiconductors NV.
Business News
Google faces EU antitrust fine over Android case in July: sources
BRUSSELS (Reuters) – Google is expected to be hit with a second EU antitrust fine in mid-July for using its dominant Android mobile operating system to squeeze out rivals, three people familiar with the matter said.
Business News
GM to sell Honda advanced electric car batteries in North America
(Reuters) – General Motors Co will supply advanced batteries to Japan’s Honda Motor Co, the companies said Thursday, a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020.
Business News
S&P opens flat, Dow slightly higher
(Reuters) – The S&P 500 opened little changed on Thursday after four days of gains, with a poor financial report from J.M. Smucker pulling down packaged food makers and countering a boost for technology firms from the lifting of a ban on China’s ZTE Corp.
Business News
U.S. reaches deal with China’s phone maker ZTE: Commerce Secretary
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that Washington has reached a deal with ZTE Corp that would reverse a ban on buying parts from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
Business News
Top French banks appoint graduate school contemporaries of Macron
PARIS (Reuters) – France’s biggest banks BNP Paribas and Societe Generale have appointed to senior posts former graduate school contemporaries of President Emmanuel Macron, suggesting the institutions want to keep close ties with the political establishment.
Business News
Berkshire-Amazon-JPMorgan healthcare CEO to be named soon: CNBC
NEW YORK (Reuters) – A chief executive for the healthcare venture being set up by Berkshire Hathaway Inc , Amazon.com Inc and JPMorgan Chase & Co. is likely to be named within the next two weeks, billionaire investor Warren Buffett said in an interview aired Thursday on CNBC.
Business News
U.S. weekly jobless claims drop as labor market gains steam
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
Business News
U.S. reaches deal with China’s ZTE: Commerce Secretary
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday Washington had reached a deal with ZTE Corp that would lift a ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
Business News
Euro and bond yields extend rally on ECB while risk appetite grows
LONDON (Reuters) – The euro and bond yields rose on Thursday as investors priced in an early wind-down of European Central Bank stimulus, while renewed risk appetite drove world stocks to a 3-1/2 week high.