Business & Finance News
Oil prices edged higher on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude remained down more than 6% on the week and set for a second consecutive weekly decline.
U.S. stocks climbed on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world’s largest economy was sliding into a recession.
EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices.
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May.
Italian eyewear maker Safilo has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.
The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump’s administration of a lower court ruling that halted construction on a $7.5 billion natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia.
U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in an aircraft supply market already reeling from frozen deliveries of Boeing Co’s 737 MAX.
U.S. stocks rose on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the United States was sliding into a recession.
White House economic adviser Larry Kudlow held out hope on Friday for progress in opening China’s financial services markets to American companies in trade talks next week, adding the U.S. team was heading into them “open-minded.”
U.S. lawmakers have requested information from Apple critic Spotify as part of an antitrust probe, according to two sources briefed on the investigation into allegations the iPhone maker engages in anti-competitive behavior to support its own apps.
Modest job growth in the United States buoyed world stock markets broadly on Friday, helping calm markets after one of the worst weeks for equities in months.
U.S. chipmaker Broadcom will be told by EU antitrust regulators this month to suspend certain business practices including exclusivity clauses with TV and modem makers, a person familiar with the matter said on Friday.
Walt Disney Co is banning advertising from Netflix Inc across its TV networks, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Apple Inc has asked suppliers to increase production of its iPhone 11 models by up to 8 million units, or about 10%, Nikkei Asian Review reported, hinting that demand for the recently launched versions of its flagship phone was picking up.
The U.S. National Highway Traffic Safety Administration (NHTSA) said Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software in 2,000 Model S and Model X vehicles in May.
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