Business & Finance News
U.S. stocks fell on Thursday as conflicting tones surrounding a possible trade deal between the United States and China eclipsed strong earnings reports from Apple and Facebook.
World stock markets slid from 20-month highs on Thursday as uncertainty about a U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar weakened as investors mulled whether the Federal Reserve will cut rates further.
Google on Thursday petitioned a Texas judge to ensure that the state-led probe into possible antitrust violations by the Internet search and advertising company will not compromise its confidential business information.
Oil prices fell on Thursday after data showed weak factory activity in China, with U.S. crude facing extra pressure after flows out of the Cushing, Oklahoma storage hub were disrupted because of reduced flows on a pipeline.
Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that went public this year.
The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters.
World stock markets slid from 20-month highs on Thursday as uncertainty about a potential U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar eased as investors mulled whether the Federal Reserve will cut rates further.
Shares of oilfield services firm ProPetro Holding Corp fell as much as 10% on Thursday after research firm Culper Research released a report outlining business dealings among its executives and board members, and criticized an internal audit of related-party transactions as a “farce.”
Google sued Texas’ attorney general on Thursday to ensure that its confidential business information will not be disclosed to rivals as he leads a multi-state probe into possible antitrust violations by the Internet search and advertising company.
A planned merger between Fiat Chrysler and Peugeot owner PSA would only benefit shareholders, two of the biggest Italian and a French unions said on Thursday, criticising a decision not to include labour groups in the decision.
Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies.
U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country’s trade position.
Proxy adviser Institutional Shareholder Services Inc on Thursday sued the U.S. Securities and Exchange Commission over guidance aiming to clarify how investors and firms that vote on their behalf should cast their ballots in corporate elections.
Saudi Arabia’s crown prince showed up only briefly this week at the kingdom’s flagship investment forum, which largely drew leaders and firms with strategic interest in the Gulf state and wrapped up with relatively meagre deals and an anticlimactic finale.
Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that listed their shares this year in hyped-up IPOs.
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