Business & Finance News
U.S. stocks fell in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on the sidelines.
Elliott Management Corp, the activist hedge fund that sits on Arconic Inc’s board, has stepped in to assume potential liabilities weighing on the sale process for the U.S. aluminum products maker, according to people familiar with the matter.
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February.
Goldman Sachs Group Inc has named Aaron Arth and Iain Drayton co-chief operating officers of its investment banking division in Asia Pacific, excluding Japan, according to a memo seen by Reuters.
U.S. hotel chain Marriott International Inc said on Thursday it plans to open nearly 30 Courtyard by Marriott hotels in Europe in the next two years, as it targets newer markets including Finland and Iceland.
Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production together with OPEC.
Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting thousands of its staff and 3.3 billion euros ($3.8 billion) in impairments.
U.S. stocks fell on Thursday as investors turned risk averse in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing.
Nissan Motor Co’s former representative director Greg Kelly denies allegations of financial misconduct at the automaker, his lawyer said on Thursday.
Britain’s biggest carmaker Jaguar Land Rover is to reduce the workforce at its plant in Solihull, central England, by about 500 in a temporary move in the run-up to Christmas, it said on Thursday.
Mitsubishi Motors’ Chief Executive Osamu Masuko said on Thursday that the company’s three-way alliance with Nissan and Renault would not appoint an interim chairman and would shift instead to a system where the group would be led by the three CEOs.
Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting 10 percent of its staff and 3.3 billion euros ($3.8 billion) in impairments.
Bayer said on Thursday it was looking into strategic options for its sunscreen brand Coppertone and Dr. Scholl’s foot care products and will also divest its animal health division.
Wall Street was set to dip at the open on Thursday following a rally led by Federal Reserve Chair Jerome Powell’s dovish comments, with investors taking a cautious stance in the run up to the U.S.-China trade talk at the G20 Summit.
BMW said it can force its hybrid cars switch to an electric-only mode in heavily polluted inner-city areas, helping its vehicles compete with pure battery-driven rivals as a raft of cities seek to create emissions-free zones.
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