Business & Finance News
General Motors Chief Executive Mary Barra will meet with Ohio’s two U.S. senators on Wednesday about the Detroit automaker’s plans to idle five North American plants and cut up to 15,000 jobs.
Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.
U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal by a New York investment banker who had been banned from the industry.
Ernst & Young said on Monday that Mark Weinberger would step down on July 1, 2019 as global chairman and chief executive.
The United States expects immediate action by China on trade issues after a deal reached by the countries’ leaders, including lower tariffs on automobiles and measures against intellectual property theft and forced technology transfers, a White House official said on Monday.
Wall Street’s major indexes rallied on Monday following a trade truce between the United States and China, whose tensions have clouded the outlook for the stock market for much of the year.
A federal judge who has been asked to sign off on the government’s decision to approve CVS Health Corp’s acquisition of insurer Aetna Inc indicated on Monday he may ask the companies to halt integration pending his decision.
White House economic adviser Larry Kudlow said on Monday that President Donald Trump put the issue of U.S. chipmaker Qualcomm Inc’s now abandoned acquisition of Dutch peer NXP Semiconductors NV on the table for talks with Chinese President Xi Jinping.
A federal judge who has been asked to sign off on the government’s decision to approve CVS Health Corp’s acquisition of insurer Aetna Inc indicated on Monday that he may ask integration of the companies be halted pending his decision.
Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc .
White House Economic Adviser Larry Kudlow on Monday said that China could immediately slash its vehicle tariffs, as the country enters a 90-day truce in the current trade war with the United States to negotiate a trade deal, as he reiterated China’s pledge to begin lifting barriers immediately.
Trade-sensitive industrial and technology stocks pushed Wall Street higher on Monday after the United States and China agreed on a temporary trade detente, hopes of which had driven the market last week to post its biggest gain in nearly seven years.
Holiday season deals propped up U.S. auto sales in November, limiting the scale of annual falls at some carmakers and putting overall figures on course to top analysts’ expectations, numbers from several top producers showed on Monday.
China has made more than $1.2 trillion in additional trade commitments as part of a deal reached by U.S. President Donald Trump and China’s Xi Jinping and Beijing has vowed to take immediate steps on those promises.
U.S. chipmaker Qualcomm Inc said on Monday it was not looking to revive its abandoned $44 billion acquisition of Dutch peer NXP Semiconductors NV , a day after the White House said China would reconsider clearing a deal if it was attempted again.
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