Business & Finance News
EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion euro bid for Dutch opticians group GrandVision , saying the deal could push up prices.
(This Feb. 5 corrects story to remove erroneous reference to non-British Airways IAG airlines not flying to China in paragraph five)
BlackRock Inc cited the value and costs of shareholder proposals in a letter to regulators weighing reforms to the proxy process, taking a middle ground in a hotly contested rulemaking process.
U.S. stocks rose for a fourth straight session on Thursday on China’s efforts to contain the economic fallout from the coronavirus outbreak, while investors assessed a mixed batch of corporate earnings.
Oil futures gave up early gains on Thursday, as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate fallout from the coronavirus outbreak that has amplified concerns about weakened global oil demand.
World Trade Organization arbiters sided against the United States on Thursday over duties it had applied on Canadian paper in one of the final verdicts of the WTO’s appeals body.
World equity markets rallied for a fourth day on Thursday, with a bevy of key stock indexes touching fresh peaks, as news that China will soon cut tariffs on some U.S. goods buoyed risk sentiment and pushed safe-haven currencies lower.
The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue to keep the longest economic expansion in history on track despite weak business investment.
China’s biggest telecommunications equipment maker will square off in court against the No. 1 U.S. wireless carrier over whether Verizon Communications Inc should pay Huawei Technologies Co Ltd for patent infringement.
Yum Brands Inc shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States.
New York Stock Exchange owner Intercontinental Exchange Inc (ICE) would “love” to speak with eBay Inc about a potential deal if its management is interested, the company’s chief executive said on Thursday following the release of ICE’s financial results.
Europe’s future must be based on fair competition rules, EU antitrust regulators said on Monday, after Germany and France reiterated calls for a speedy overhaul of the bloc’s rules to help EU companies better compete with U.S. and Chinese rivals.
Financial markets appear to be recovering from the damage done in late January by the coronavirus outbreak in China.
Twitter Inc pulled in $1 billion in quarterly revenue for the first time on Thursday, beating expectations as efforts to make its platform more user-friendly brought in more people, and sending its shares up 14% in early trading.
The S&P 500 and Dow Jones Industrials indexes eased from their record highs on Thursday, as investors took a breather after a stellar run this week on waning worries about the economic damage from the coronavirus epidemic.
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