Business & Finance News
Top U.S. and Canadian trade negotiators were set for a second day of talks on Thursday over a revised North American Free Trade Agreement after their subordinates worked late into the night to flesh out opportunities for a compromise deal.
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.
U.S. stocks were set to open a tad higher on Thursday, as battered technology stocks attempted a recovery, but worries that the Trump administration would make good on its plan for fresh China tariffs weighed on the mood.
Britain’s Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furor over waste in the fashion industry.
Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America to address fire and smoke concerns in seat-belt pretensioners.
The number of Americans filing for unemployment benefits fell to near a 49-year low last week, pointing to sustained labor market strength that should continue to underpin economic growth.
U.S. worker productivity rose at its fastest pace in more than three years in the second quarter, as previously reported, but the trend in productivity growth remained moderate.
Ford Motor Co said Thursday it would recall 2 million F-150 pickup trucks in North America to address fire and smoke concerns in seat-belt pretensioners.
Citigroup Inc is set to restructure its investment banking operations and merge it with the bank’s capital markets origination unit, according to an internal memo.
U.S. stock index futures were mostly flat on Thursday as concerns that the Trump administration would make good on its plan for fresh China tariffs after a public comment period ends, kept investors jittery.
Eli Lilly & Co’s Elanco Animal Health unit on Thursday said it expects its initial public offering of 62.9 million shares to raise up to $1.45 billion.
World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows.
A rape accusation leveled against JD.com CEO and founder Richard Liu has highlighted the lack of a No. 2 lieutenant among senior management at the e-commerce giant, exacerbating concerns about the case among investors.
Facebook said on Thursday it will invest more than $1 billion to build its first data center in Asia in Singapore, slated to open in 2022.
New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India’s Aurobindo Pharma Ltd for up to $1 billion.
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