Business & Finance News
Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former chief financial officer have agreed to settle charges of accounting fraud involving workers’ compensation expenses.
Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier’s long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the aircraft.
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years.
The Dow Jones Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday as technology companies led a broad-based rally and trade worries faded.
AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department’s challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.
Carmaker Opel, a unit of France’s PSA Group , is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday.
Amazon.com Inc on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled gadgets.
The Dow Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday, as investor concerns over U.S.-China trade spat cleared away and focus shifted to the strength of the economy.
General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an “oxidation issue” and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower.
Alphabet Inc’s Google defended how it polices third-party add-ons for Gmail in a letter to U.S. senators made public on Thursday, saying that upfront review catches the “majority” of bad actors.
Eli Lilly unit Elanco Animal Health Inc’s shares jumped as much as 41 percent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing pet healthcare market.
Alphabet Inc’s Google told U.S. senators that the company continues to allow developers to scan and share data from Gmail accounts, according to a letter made public Thursday.
Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome, it said on Thursday.
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