Business & Finance News
Wall Street hit fresh record highs on Thursday, as investors cheered signs of progress in U.S.-China trade relations and a batch of largely upbeat earnings reports.
Airbus had 415 airplane orders in October, including its largest ever from a single airline, extending a wide lead over Boeing, which has been hit by the grounding of its 737 MAX.
Alphabet unit Google’s proposal to create a level playing field for price comparison shopping rivals to stave off fresh fines has not led to more traffic for its competitors, Europe’s antitrust chief said on Thursday.
HSBC has been told by the Bank of England to tighten up compliance controls for fraud, staff conduct and other non-financial risks, a source close to the bank said on Thursday.
Housing finance giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.
Beyond Meat aims to start production in Asia before the end of next year, as it gets closer to selling its popular plant-based meat products in China, Executive Chairman Seth Goldman told Reuters.
Housing giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.
T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced.
A $1.6 billion plan to refurbish a long-idled Caribbean oil refinery is about 75% complete and could begin delivering fuel supplies early next year, company and government officials said this week.
Wall Street’s main indexes hit fresh record highs on Thursday, as signs of progress in U.S.-China trade relations and a batch of largely upbeat earnings boosted risk appetite.
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.
Oil prices rose and global equity markets rallied on Thursday after China said it has agreed with the United States to cancel tariffs in phases, a key consideration in reaching an initial deal to end a trade war that has crimped economic growth.
T-Mobile US Chief Executive John Legere on Thursday acknowledged talks with Sprint Corp to extend their merger agreement and declined to rule out asking for the $26 billion price to be lowered.
Shares of Party City Holdco Inc plummeted 62% to a record low on Thursday after the party supplies retailer cut its annual revenue and profit forecasts for a second time, as fewer shoppers bought Halloween supplies at its stores this season.
Wells Fargo & Co , which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs.
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