Global stocks slip, dollar rebounds on rekindled trade hopes
- The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year.
Thu, 21 Nov 2019 15:19:31 -0500
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U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud
- (This Nov 14 story amends charges in first and fifth paragraphs to civil claims.)
Thu, 21 Nov 2019 15:18:05 -0500
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Macy's cuts profit outlook as tourist numbers drop
- 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, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Thu, 21 Nov 2019 15:10:47 -0500
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Wall Street muted on doubts over progress in U.S.-China trade deal
- The S&P 500 and Dow indexes treaded water on Thursday as mixed headlines on U.S.-China relations and a diplomatic row over the Hong Kong protests added to uncertainty over the timing of a "phase one" trade deal.
Thu, 21 Nov 2019 15:06:52 -0500
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Xerox threatens hostile bid unless HP opens its books
- Xerox Corp on Thursday threatened to take its $33.5 billion buyout bid for HP Inc hostile, if the personal computer maker did not agree to a "friendly" discussion and open its books before Nov. 25.
Thu, 21 Nov 2019 15:05:23 -0500
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Boeing settles more than half of Lion Air crash lawsuits: lawyer
- Boeing Co has settled more than half of some 118 claims related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday.
Thu, 21 Nov 2019 14:47:00 -0500
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WeWork to lay off 2,400 employees in SoftBank revamp
- WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
Thu, 21 Nov 2019 14:40:55 -0500
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Saudi Aramco order book reaches 73 billion riyals so far: Samba
- Saudi Aramco's initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia's Samba Financial Group said on Thursday.
Thu, 21 Nov 2019 14:31:06 -0500
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U.S. grants final approval for expanded Delta, Air France, Virgin, KLM JV
- U.S. Transportation Secretary Elaine Chao on Thursday granted final approval for an expanded trans-Atlantic joint venture for Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic.
Thu, 21 Nov 2019 14:18:10 -0500
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Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A
- A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.
Thu, 21 Nov 2019 14:14:51 -0500
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