Business & Finance News
Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors.
China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them:
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private.
Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they fraudulently engineered a scheme to “completely decimate” short-sellers, including through Musk’s proposal to take the electric car company private.
Papa John’s International Inc on Friday said it would lower royalties and fees charged to its U.S. and Canadian franchisees as sales at the U.S. pizza chain decline following the acrimonious exit of it founder.
Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to “completely decimate” short-sellers that included Musk’s proposal to take the electric car company private.
Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they defrauded shareholders in a scheme to manipulate the electric car company’s stock price, starting with Musk’s Aug. 7 tweet that he might take Tesla private.
The union that represents many Verizon Communications Inc employees announced the ratification of a four-year extension of their labor contracts on Friday, paving the way for an 11.2 percent increase in wages over the four years.
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.
U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets.
Two automotive trade groups on Friday raised “significant concerns” over the U.S. government’s request for confidential business information as it probes whether automotive imports pose a national security risk, according to a letter seen by Reuters.
U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered concerns that it could spread to other global economies.
VF Corp is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter (https://on.wsj.com/2Oo36eK).
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.
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