Business & Finance News
China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply.
Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network for the long term is fair to shippers of all types and would benefit the western Canadian industry.
U.S. banks would be able to take large stakes in venture capital funds under a proposal to ease strict bank trading and investment rules introduced following the 2007-2009 global financial crisis, regulators said on Thursday.
U.S. stocks fell on Thursday as the coronavirus epidemic raised fears of a further hit to China’s economy, while weak earnings from Facebook and others added to the gloom.
In his first address to the U.S. Congress, President Donald Trump hailed General Motors Co, Harley-Davidson Inc, Intel Corp and seven other companies as innovators and job creators, predicting they would be among those producing “tens of thousands of new American jobs” and investing “billions and billions of dollars.”
Southwest Airlines on Thursday disputed the findings of a draft U.S. government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on used jets whose documentation made it impossible for regulators to determine if required maintenance had been completed.
Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.
Luxury British carmaker Aston Martin has called a board meeting in which it may decide between two potential investors for an emergency fundraising, the Financial Times reported on Thursday.
Directors of Tesla Inc settled a shareholder lawsuit over its 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar system installer, according to court documents.
Altria Group Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping.
Several deaths and potentially hundreds of illnesses tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking, have been reported by the U.S. public health agency.
Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.
Oil prices fell 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Russia’s first McDonald’s restaurant has scrapped a plan to sell Big Mac burgers for virtually nothing to mark its 30th anniversary over fears it would attract huge crowds, which authorities have advised against due to coronavirus fears.
Cash-strapped state carrier South African Airways (SAA) said on Thursday it would “cancel and consolidate selected flights” to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch.
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