Business & Finance News
WASHINGTON (Reuters) – President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.
LONDON (Reuters) – Russia’s En+ Group, which manages Oleg Deripaska’s aluminum and hydropower businesses, is likely to ask the U.S. Treasury for more time to reduce Deripaska’s stake, a source close to the company said.
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions.
(Reuters) – Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks.
WASHINGTON (Reuters) – The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
(Reuters) – Qualcomm Inc’s $44 billion deal to buy Dutch chipmaker NXP Semiconductors NV is looking “more optimistic now”, the Wall Street Journal quoted a Beijing official as saying.
LONDON (Reuters) – BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven.
(Reuters) – Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks.
(Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, at the same time the company said it would embark on a review of its vast array of brands and issued a bleak forecast for the year.
(Reuters) – The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks.
FRANKFURT (Reuters) – Daimler will invest 500 million euros ($589 million) in Hambach, France, to start producing a small compact electric Mercedes-Benz in addition to its electric cars currently manufactured there for the Smart brand.
PARIS/NEW YORK (Reuters) – Airbus’s hopes of winning an immediate respite from slow sales of its A330neo jetliner with an order from United Airlines are dwindling, leaving a gap in future production weeks before it is due to enter service, industry sources said on Friday.
(Reuters) – Cargill, the global grains trader, sees the future of protein in the humble pea.
(Reuters) – U.S. stocks opened slightly lower on Friday due to losses in technology stocks including Applied Materials and Alphabet, while investors kept a close watch on U.S.-China trade talks.
(Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison will step down, the company said on Friday, while also cutting its full-year earnings forecast due to costs related to its acquisition of snacks maker Snyder’s-Lance.
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