Business & Finance News
Twitter Inc Chief Executive Jack Dorsey will tell Congress on Wednesday the company “does not use political ideology to make any decisions.”
How the United States supervises cross-border derivatives is flawed and needs resetting to avoid fragmenting markets and placing undue burden on companies, a top U.S. regulator said on Tuesday.
U.S. stocks fell on Tuesday, with Facebook leading a decline in the technology sector and Nike dragging on the Dow Jones Industrial index, setting a rough start for September as investors grappled with trade issues.
A U.S. arbitration court has rejected a petition filed by the German government arguing that the U.S. court had no right to rule on a damages claim by Sweden’s Vattenfall over a decision to pull out of nuclear power, a newspaper reported.
Citigroup Inc’s longtime Chief Financial Officer John Gerspach will retire in March, to be replaced by Mark Mason, CFO of the institutional clients group, the third-largest U.S. bank told employees on Tuesday.
The Getty family said on Tuesday it would acquire Carlyle Group’s majority stake in photo agency Getty Images Inc.
Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.
Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
Amazon.com Inc on Tuesday joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months.
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.
The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity.
Protesters on social media called for people to burn their Nike sneakers and boycott the sporting goods maker after it chose former San Francisco quarterback Colin Kaepernick, the first NFL player to kneel during the national anthem as a protest against racism, to participate in a new ad campaign.
French pharmaceutical giant Sanofi will pay more than $25 million to settle charges that its Kazakhstan and Middle East subsidiaries made corrupt payments to win business, the top U.S. securities regulator said on Tuesday.
Volkswagen hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed.
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