Business & Finance News
U.S. cannabis company Green Growth Brands Ltd said on Thursday it would make a takeover bid for Aphria Inc , valuing the Canadian pot producer at C$2.8 billion ($2.06 billion).
Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude.
Lockheed Martin Corp has been awarded a $712 million U.S. defense contract for the development of advanced hardware in support of the F-35 Lightning II aircraft, the Pentagon said on Thursday.
U.S. marijuana company Green Growth Brands Ltd said on Thursday it intends to make an offer for Aphria Inc , valuing the marijuana producer at C$2.8 billion ($2.06 billion).
A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day.
U.S. stocks roared back to end in positive territory on Thursday, following steep losses earlier, as equities rebounded for a second day.
U.S. stocks ended positive on Thursday, with major indexes roaring back late from steep losses earlier in the session, as a late-year rebound in equities continued for a second day.
Chile will delay a previously announced arbitration with Albemarle Corp, the world’s top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.
The S&P 500 and Dow industrials turned positive late in the session on Thursday, roaring back after steep losses for most of the day, helped by gains in technology and health stocks.
Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as Wall Street stocks also fell and the oil market focused on signs of faltering global economic growth and record production of crude.
U.S. stocks retreated on Thursday a day after massive gains as the sharpest drop in U.S. consumer confidence in years raised fresh concerns about the economy.
Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state leadership to Democratic control has industry executives fearing tougher regulations are coming.
Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday.
France’s CGT union has called for more transparency at Renault and its Dutch holding company and asked the French government, one of the carmaker’s shareholders, to try to shed light on its workings, a CGT representative said on Thursday.
The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency’s chief said on Thursday, hinting that some companies seem to be backing away from commitments related to youth’s access to e-cigarettes.
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