Business & Finance News
U.S. stocks fell for the third straight day on Friday, as skepticism over the United States and China reaching a trade deal before a looming deadline added to concerns over slowing global growth.
United States Steel Corporation founded Gary, Indiana in 1906 – naming it after co-founder Elbert Henry Gary – and the city’s fortunes have been closely tied to the company ever since.
Production at General Motors’ Oshawa assembly plant in Canada has not yet been affected by a strike at nearby Lear Corp, which supplies it with seats, but that will change if the job action stretches on, the company said on Friday.
U.S. stocks fell for the third straight day on Friday, as skepticism over the United States and China reaching a trade deal before a looming deadline added to concerns over slowing global growth.
Amazon.com is reconsidering locating part of its new headquarters in New York because of local opposition, the Washington Post reported on Friday, citing two people familiar with the global retailer’s thinking.
A senior Trump administration official on Friday said U.S. national security depends on affordable energy, and slammed cartels when asked whether President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts.
Barclays is shifting some jobs in its London-based credit and equity derivatives sales teams to Paris as it reorganizes its operations ahead of Brexit, two sources familiar with the matter said.
American Media Inc, the owner of the National Enquirer tabloid newspaper, said on Friday it acted lawfully in its reporting on Jeff Bezos, chief executive of Amazon.com Inc, and that it would thoroughly investigate his claims of blackmail and take whatever action was necessary.
Prosecutors in the German city of Stuttgart are looking into a possible fine for auto supplier Robert Bosch for providing Volkswagen with engine management software that the carmaker used to cheat vehicle emissions tests in 2015.
Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin’s closest allies, has written to the Russian president saying Moscow’s deal with OPEC to cut oil output is a strategic threat and plays into the hands of the United States.
Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the stock price to fall.
German banks are seeking to blunt any fresh U.S. sanctions against Russia so they can continue existing business with Russian clients, according to an internal briefing paper prepared by a financial industry lobby group.
Germany and France want to overhaul EU mergers rules following the European Commission’s veto of efforts by Siemens and Alstom to create a European rail champion to compete with larger foreign rivals.
American Media Inc, the owner of the National Enquirer tabloid newspaper, said on Friday it acted lawfully in its reporting on Jeff Bezos, chief executive of Amazon.com Inc, and that it would thoroughly investigate his claims of blackmail and take whatever action was necessary.
U.S. central bankers say clear communication is important, with economic research showing that if the public understands what the Federal Reserve is doing, monetary policy works better and the economy does better.
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