Business & Finance News
Asian stocks extended gains on Friday after Wall Street’s S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing’s and Washington’s fresh exchange of import tariffs as less harmful than initially feared.
Walmart Inc has issued a warning in a letter to U.S. Trade Representative Robert Lighthizer that it may have to raise prices due to tariffs on Chinese imports, CNN Money reported.
Tesla Inc’s vice president of global supply management, Liam O’Connor, has resigned, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-20/tesla-is-said-to-lose-supply-management-chief-as-exodus-worsens, citing sources familiar with the matter.
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said.
American Airlines Group Inc said on Thursday it would raise domestic U.S. baggage fees by $5, joining major rivals in the price hike amid higher fuel costs.
Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former controller, Mark Cannon, have agreed to settle civil charges of accounting fraud involving workers’ compensation.
The New York State Court of Appeals on Thursday overturned a $115 million judgment against Samsung Electronics Co Ltd over television patents.
Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street’s main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter.
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former controller, Mark Cannon, have agreed to settle charges of accounting fraud involving workers’ compensation expenses.
American Airlines Group Inc said on Thursday it would raise the fee for a first checked bag by $5 to $30 and the second bag to $40.
World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week’s fresh U.S. and Chinese tariffs on imports as less harsh than initially feared.
Amazon.com Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled devices.
The Dow Jones Industrial Average hit a record closing high on Thursday, the last of Wall Street’s major indexes to fully regain ground after a correction that began in January.
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