PARIS (Reuters) – Air France employees rejected a pay deal on Friday, a setback for the company in a dispute that has seen over a dozen strikes and cost the company some 300 million euros.
LONDON (Reuters) – Nestle , the world’s largest coffee company, is close to a deal with Starbucks Corp for the part of its business that sells bagged coffee and drinks in supermarkets, according to media reports on Friday.
(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it had bought 75 million more shares of the iPhone maker in the first three months of the year.
CNBC’s Todd Haselton still loves the iPhone X overall, but there are some things that are starting to bother him. …read more […]
Cryptocurrencies: Irrational Exuberance or Brave New World? Milken Institute conference panel discussion on blockchain, bitcoin, etc.
OMAHA, Neb. (Reuters) – Warren Buffett’s manufactured housing unit Clayton Homes is borrowing the playbook of Berkshire Hathaway Inc’s longtime chairman as it boosts its bet on a growing market for traditional site-built homes.
(Reuters) – Apple and other technology shares led a rally on Wall Street on Friday morning, helping it shrug off a choppy start following the April jobs report.
LONDON (Reuters) – Nestle , the world’s largest packaged food company, is close to a deal with Starbucks Corp’s on its grocery business, according to media reports on Friday.
A judge sharply questioned whether Special Counsel Robert Mueller overstepped his authority by charging Paul Manafort with crimes unrelated to Russian election interference while also suggesting he was indicted to coerce him to cooperate against President Donald Trump. U.S. District Judge T. S. Ellis III expressed deep skepticism Friday about whether Mueller went too far in signing a bank- and tax-fraud indictment against Manafort, who was Trump’s campaign chairman. Ellis questioned how Mueller could prosecute financial crimes dating back a decade but not accuse Manafort of crimes related to the election. …read more […]
Southwest Airlines Flight 1380 suffered a catastrophic engine failure and cabin depressurization on April 17. The National Transportation Safety Board confirmed on Thursday that the cabin depressurization was caused by pieces of the engine cowling and inlet puncturing a window when the engine exploded. The exploding engine also caused damage to the Boeing 737-700’s left wing and left horizontal stabilizer. …read more […]
BEIJING/WASHINGTON (Reuters) – The United States has demanded that China cut its U.S. trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to U.S. levels, two people familiar with U.S.-China trade talks said on Friday.
BEIJING/WASHINGTON (Reuters) – The United States has demanded that China cut its U.S. trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to U.S. levels, two people familiar with U.S.-China trade talks said on Friday. The lengthy list of demands was presented to Beijing prior to the start of talks Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to sort out disputes that have threatened a damaging trade war between the world’s two largest economies. The U.S. side has yet to give its account of …read more […]
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk said it was “foolish” of him to snub Wall Street analysts on a conference call after earnings on Wednesday. In a series of tweets on Friday, he claimed the two analysts he cut off in questioning “were trying to justify their Tesla short thesis.” But the two have hold or neutral ratings on the stock, according to Thomson Reuters data.
LONDON (Reuters) – Before the financial crisis hit more than a decade ago, the easy way to test the global outlook was to apply the maxim that when the U.S. sneezes the rest of the world catches a cold.
(Reuters) – U.S. stock indexes were little changed on Friday in choppy trading after data showed weaker-than-expected U.S. jobs and wages growth in April, while unemployment rate dropped to a 17-1/2-year low.
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