Business & Finance News
Democratic presidential candidate Bernie Sanders is scheduled to join United Auto Workers members on a picket line in Detroit on Wednesday, underscoring the extent to which the longest auto worker strike in nearly 30 years has become a political event.
Germany will guarantee a 380 million euro ($418.6 million)bridging loan for Condor, the German airline owned by insolvent British travel operator Thomas Cook, to enable it to continue flying and save jobs, the economy minister said on Tuesday.
WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp and other shareholders turned on him over a plunge in the U.S. office-sharing start-up’s estimated valuation.
U.S. stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest daily drop in a month, as a push for the impeachment of U.S. President Donald Trump gained momentum among Democrats in the U.S. Congress.
Nike Inc reported first-quarter revenue that beat Wall Street estimates on Tuesday, benefiting from its strategy to sell sneakers and apparel directly to its consumers.
A gauge of global stocks fell for a third day on Tuesday as a push by some Democrats for the impeachment of U.S. President Donald Trump gained momentum, and the British pound strengthened after the UK Supreme Court ruled Prime Minister Boris Johnson’s decision to suspend parliament was unlawful.
U.S. stocks were down sharply in volatile trading on Tuesday as a push by some Democrats for the impeachment of U.S. President Donald Trump gained momentum.
WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp and other shareholders turned on him over a plunge in the U.S. office-sharing start-up’s estimated valuation.
Oil prices plunged more than 2% on Tuesday to their lowest since the Sept. 14 attacks on Saudi Arabia’s key oil facilities, after U.S. President Donald Trump rekindled fears the Sino-American trade conflict that has crimped energy demand is far from over.
A grand jury indicted a senior manager at Fiat Chrysler Automobiles NV on charges he lied to regulators about diesel emissions, alleging the deception continued even after a scandal over cheating on government environmental tests had engulfed rival Volkswagen AG .
U.S. President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations.
Fiat Chrysler’s merger offer for Renault, which was abandoned in June, was no longer on the table and looked unlikely to be revived for now, the French carmaker’s Chairman Jean-Dominique Senard said on Tuesday.
The S&P 500 and the Nasdaq were set for their worst drops in one month on Tuesday as calls for impeachment of U.S. President Donald Trump gained momentum, while weak consumer confidence data added to worries over the prolonged Sino-U.S. trade war.
The price of WeWork’s 7.875% junk bond bounced in choppy trading after co-founder Adam Neumann agreed to resign as chief executive of the U.S. office-sharing company, people familiar with the matter told Reuters on Tuesday.
The price of WeWork’s 7.875% junk bond fell after people familiar with the matter told Reuters on Tuesday that co-founder Adam Neumann agreed to resign as chief executive of the U.S. office-sharing company, though he will remain as non-executive chairman.
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