Business & Finance News
Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalize its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors.
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters.
Xerox Corp on Thursday threatened to go hostile with its $33.5 billion buyout bid for HP Inc , if the personal computer maker did not agree to a “friendly” discussion before Nov. 25.
The three major U.S. indexes were set to open flat on Thursday after mixed signals on trade and a row between Washington and Beijing over the Hong Kong protests cast doubts on the timing of a deal to end the prolonged tariff dispute.
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has received more than 64 billion riyals ($17.1 billion) in orders, Saudi-owned news channel Al-Arabiya said on Thursday, citing a banking source.
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats.
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market.
U.S. stock index futures moved sharply higher on Thursday after South China Morning Post reported that U.S. tariffs on Chinese imports due Dec. 15 could be delayed even if a trade deal was not signed by then.
U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism and sluggish mall traffic for the first drop in same-store sales in two years.
Beaujolais Nouveau wine lovers made merry as this year’s first bottles were uncorked, but producers faced the sobering truth of a dip in margins due to new tariffs imposed by the United States, their second biggest export market.
U.S. stock index futures were slightly lower on Thursday, as mixed signals on trade and a row between Washington and Beijing over the Hong Kong protests fanned concerns about the timing of a deal to end their prolonged tariff dispute.
Daimler plans to sell luxury Maybach brand’s first sport-utility vehicle, its China chief executive, Hubertus Troska, said on Thursday, joining other luxury brands that offer SUV models to attract customers from China and the United States.
U.S. President Donald Trump said in a tweet on Thursday morning he had asked Apple CEO Tim Cook to look into helping develop telecommunications infrastructure for speedy 5G wireless networks.
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