Business & Finance News
The U.S. Justice Department said on Thursday it has charged Malaysian financier Low Taek Jho and former banker Ng Chong Hwa with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB).
Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks.
BlackRock Inc Chief Executive Officer Larry Fink on Thursday said the United States is on a path to a full-fledged trade war against China.
The U.S. Justice Department is set to announce multiple criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Jho Low tied to the Malaysia 1MDB sovereign wealth fund scandal, the Wall Street Journal reported.
U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment.
Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock .
New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.
Fiat Chrysler Automobiles NV on Thursday reported a 15.7 percent rise in U.S. auto sales for October, helped by higher demand for its Jeep sport utility vehicles and Ram pick-up trucks.
U.S. stocks were on pace for third straight day of gains on Thursday, leaving behind a brutal October, as improving risk sentiment globally was further boosted by a string of robust earnings reports.
An activist hedge fund led by the former finance chief of JP Morgan Chase has taken a 3.1 percent stake in Deutsche Bank , saying it backed new CEO Christian Sewing’s efforts to turn around Germany’s biggest bank, but there was more to do.
Sears Holdings Corp , which filed for Chapter 11 bankruptcy protection last month, said on Thursday it would license out the manufacturing of some its Kenmore and DieHard products to third parties.
New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.
U.S. stocks eyed a third day of gains on Thursday, leaving behind a brutal month of losses, as improving risk sentiment globally was further boosted by a string of positive earnings reports.
German consumer group vzbv filed a lawsuit against Volkswagen on Thursday over diesel emissions tests rigging, using new class-action rules which came in on Nov. 1, potentially making it easier to win damages from companies.
U.S. health insurer Cigna Corp beat analysts’ estimates for quarterly profit and raised its full-year earnings forecast on Thursday, as it kept a tight lid on costs of the services provided under its health plans.
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