Business & Finance News
General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday.
Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do amid strong investor demand, according to people familiar with the matter.
Morgan Stanley said Thursday that its president, Colm Kelleher, will retire at the end of June, according to an internal memo viewed by Reuters.
Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as its chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal.
Wells Fargo & Co said on Thursday Chief Executive Officer Timothy Sloan will retire and named General Counsel Allen Parker as its interim head.
U.S. stocks climbed on Thursday as Treasury yields rose off 15-year lows, with investors optimistic about the latest round of U.S.-China trade talks.
Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while gains on Wall Street countered declines in other world stock markets as investors eyed U.S.-China trade talks and economic growth.
Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance existing debt.
Warren Buffett on Thursday said he could not predict the success of Apple Inc’s new suite of services but was confident the public would benefit as content providers vie for their wallets.
A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be the first suit over a March 10 Ethiopian Airlines 737 MAX crash that killed 157 people.
U.S. stocks edged higher on Thursday, helped by optimism over progress in U.S.-China trade talks, but concerns about an economic slowdown after a cut in fourth-quarter GDP growth limited the day’s advance.
Washington Governor Jay Inslee said on Thursday his state was reviewing a World Trade Organization ruling against Boeing Co on a tax case and will consult with the U.S. Trade Representative on next steps.
Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while world share markets were mixed with an eye on U.S.-China trade talks and economic growth.
The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent target, and corporate profits fell by the most in a year after a one-off boost from lower taxes.
Wall Street’s main indexes swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was clouded by fears of an economic slowdown after a cut in fourth-quarter GDP growth.
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