Business & Finance News
Pizza chain Papa John’s, trying to recover from a string of high-profile public relations blunders, on Friday named former basketball star Shaquille O’Neal as its newest board member, brand ambassador and investor.
The spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007 on Friday and stocks around the world fell after soft U.S. and European data fueled fears of a global economic slowdown following this week’s dovish turn by the U.S. Federal Reserve.
Luxury retailer Tiffany & Co said Friday it expected earnings growth to resume in the second half of the year, helped by a healthy e-commerce business, a forecast that allowed investors to look past slightly disappointing quarterly sales.
General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle.
Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown.
Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months.
Commerzbank’s chief executive promised employees on Friday a quick decision on whether to go forward with a merger with Deutsche Bank, according to a memo seen by Reuters.
U.S. home sales surged in February to their highest level in 11 months, a sign that a pause in interest hikes by the Federal Reserve was starting to boost the U.S. economy.
Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months.
Pizza chain Papa John’s, trying to bounce back from a series of high-profile PR blunders, on Friday named basketball star Shaquille O’Neal as its newest board member and announced an $8.25 million three-year endorsement deal with the four-time NBA champion.
Shares of Nike Inc fell 4 percent on Friday after the sportswear maker’s North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth.
U.S. stocks opened lower on Friday after downbeat data from Europe fueled fears of a slowing global economy following an abrupt dovish turn by the Federal Reserve earlier this week.
Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets, it said on Friday, saying some passengers would be frightened to board the plane after two fatal crashes, although analysts said the deal had long been in doubt.
Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing’s 7 million euro ($8 million) total package making him one of the best paid chief executives in European banking.
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.
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