Business & Finance News
Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.
The Federal Trade Commission has issued special orders to five big tech companies – Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp – to provide information about mergers too small to report to antitrust agencies, the agency said on Tuesday.
Lawmakers from German Chancellor Angela Merkel’s ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China’s Huawei [HWT.UL], sources said.
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking.
Aerolineas Argentinas will add new flights to New York and Madrid as the government-controlled carrier seeks to ramp up sales outside its home country and boost income in an effort to beat back persistent operating losses.
Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health.
A driver killed in a March 2018 Tesla autopilot crash in California reported previously that the vehicle steered toward an area off the highway on prior trips, the National Transportation Safety Board (NTSB) disclosed in documents made public Tuesday.
Boeing Co scored no new orders for airplanes last month, the first time it has come up empty-handed in January since 1962, as the U.S. planemaker’s once best-selling jet, the 737 MAX, remained grounded following two fatal crashes.
WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.
The S&P 500 and the Nasdaq indexes hit record highs on Tuesday as a top Chinese health adviser sparked expectations that the coronavirus outbreak may be peaking, while T-Mobile shares jumped after a federal judge approved its purchase of Sprint.
Japan’s MUFG and Mizuho have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit’s impact on financial services in Britain.
Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand.
The S&P 500 and the Nasdaq opened at all-time highs on Tuesday after top Chinese health adviser said the coronavirus outbreak may peak this month, while Sprint’s shares soared after winning a federal judge’s approval for its merger with T-Mobile.
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
