Business & Finance News
Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.
Thousands of taxi drivers snarled traffic in the center of Buenos Aires on Thursday to protest the threat to their business from Uber, in the latest reminder of the headaches the ride-hailing platform faces worldwide as it prepares to go public.
The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots’ unions, the agency confirmed.
Campbell Soup Co is nearing a deal to sell its fresh foods unit, including Bolthouse Farms, for about $500 million to a group led by the former chief executive officer of the unit, the Wall Street Journal reported.
Healthcare stocks pulled Wall Street lower on Thursday as growing fears of a global economic slowdown countered upbeat economic data and investors waited for earnings season to kick into high gear.
Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources.
From New York’s Fifth Avenue to Paris’ Place Vendome, Louis Vuitton sells its handbags at some of the world’s swankiest locations – but the brand is increasingly betting on “pop-ups” in off-beat spots as one way to keep shoppers hooked.
U.S. stocks traded in a tight range on Thursday, as losses in the healthcare sector were offset by a rise in industrial shares, with big U.S. banks notching gains ahead of earnings.
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday.
Wall Street’s main indexes dipped on Thursday, hit by a drop healthcare shares, but gains in financials ahead of big bank earnings helped limit losses.
Oil prices fell nearly 2 percent on Thursday after sources said that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the activist shareholder said on Thursday.
LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China.
Newmont Mining shareholders on Thursday approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia.
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernization on Thursday, as Europe’s plane giant enters a new phase in its titanic rivalry with Boeing.
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