Business

  • Oil bounces back, but markets remain fragile amid trade disputes Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories – their steepest drops since the start of the year…. Share this:Click to email this to a friend (Opens in new window)Click ...
  • British Steel’s Scunthorpe works could be saved by a new ownership model | Letters Readers respond to the collapse of British Steel, which has put 5,000 jobs directly at risk and endangered thousands more in the supply chainYour editorial (23 May) is surely right to say that Scunthorpe steelworks’ distress was forged in the fires of … Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Trump says ‘dangerous’ Huawei could be included in U.S.-China trade deal President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.” Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Asian shares at four-month low on deepening U.S.-China trade war Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Canopy’s upscale co-working business adds a new location in SF on the heels of strategic funding Canopy, an upscale, profitable developer of co-working spaces, has expanded its footprint in San Francisco to a third location on the heels of a strategic financing round. Co-founded by the product designer Yves Behar; the second generation design-build developer Amir Mortazavi; and serial entrepreneur and medical office space developer Steve Mohebi, Canopy bills itself as ...
  • FAA chief calls eight-hour meeting on Boeing 737 MAX ‘exceedingly positive’ The acting head of the Federal Aviation Administration said on Thursday that an eight-hour meeting with international air regulators to discuss the grounded Boeing Co 737 MAX was “exceedingly positive” and “constructive.” Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Snap taps ex-Googler to lead diversity effort Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • EPA to roll out slimmed-down biofuel credit reform – Reuters Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Exclusive: FAA tells U.N. aviation agency 737 MAX ungrounding in U.S. could happen by late June – sources U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations’ aviation agency they expect an ungrounding of Boeing Co’s 737 MAX jets in the United States as early as late June, three people familiar with Thursday’s brie… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Exclusive: FAA tells U.N. panel it expects Boeing 737 MAX approval as early as late June – sources U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations’ aviation agency they expect approval of Boeing Co’s 737 MAX jets to fly in the United States as early as late June, three people with knowledge of the matter… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Theresa May to announce resignation timing on Friday Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • UK negotiates loophole in Saudi export ban to sell planes to Yemen Government will continue to supply aircraft to be used in war, says Jeremy Hunt The UK government has negotiated a loophole in a German arms export ban to Saudi Arabia that will ensure UK-supplied planes will continue to be used in the war in Yemen, th… Share this:Click to email this to a friend (Opens in ...
  • Global growth worries slam Wall St. as trade tensions persist U.S. stocks slumped on Thursday as investors dumped shares of technology companies as well as businesses in cyclical sectors on fears that the escalating trade war between United States and China would stymie global economic growth. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • SQM to delay Atacama expansion amid lithium price slump Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Global markets rocked as US-China trade and tech rift deepens Shares fall sharply in Asia, Europe and North America in intensifying war of wordsThe deepening trade and technology war between the US and China has sent global stock markets sharply lower and prompted a warning from the IMF of the increasing risks to… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • U.S., China exchange barbs over Huawei as trade tensions flare The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike Pompeo accusing the chief executive of Huawei Technologies of lying about his company’s ties to the communist government and Beijing saying Washington must… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Deutsche Bank CEO pledges tough investment bank cuts as shares hit low Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • LB, NBR, UVV and WMS among midday movers Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Malaysian police raid Deloitte office for 1MDB-related documents: sources Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday as part of a widening probe into a multibillion-dollar scandal at state fund 1MDB, two police sources told Reuters. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Wall Street tumbles over 1% on trade, growth fears U.S. stock indexes fell more than 1% on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • More Dorian LPG Q4 results Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • BP nears sale of stake in Egyptian oil and gas company – Reuters Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Deals Spotlight: 2019 iPad Air Gets First Price Drop (Up to $40 Off) Back in March, Apple launched the new 10.5-inch iPad Air with Touch ID, a headphone jack, A12 Bionic processor, support for the Apple Pencil, and compatibility with the Smart Keyboard. Today, B&H Photo and Amazon have kicked off the first sales for the… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Pompeo says Huawei CEO lying over ties to China government: CNBC U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more American companies would cut ties with the tech giant. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • The suffering caused by austerity helped fuel Brexit – and will only get worse | Frances Ryan Leaving the EU will make life worse for poor and disabled people – but the anger that led to the vote must be addressedUnless austerity ends, the UK’s poorest people face lives that are “solitary, poor, nasty, brutish, and short”. That was the finding … Share this:Click to email this to a friend (Opens in new ...
  • WB, NTAP and HRL among premarket losers Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Trump’s trade policy is a hot mess of conflicting goals – with few winners | Jeffrey Frankel Tariffs war with China has hurt almost every segment of the US economy Earlier this month, the US President, Donald Trump, suddenly revealed that a trade agreement between the US and China was not imminent after all. On the contrary, on 10 May the Trum… Share this:Click to email this to a friend (Opens in new ...
  • Propanc Biopharma files for $10M equity offering Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Prosecutors fine Bosch 90 million euros for emissions cheating role Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • UBS next to cut Apple price target Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Veoneer prices upsize concurrent offering of common stock and convertible senior notes Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Deutsche Bank investors meet amid questions on strategy, leadership Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank’s strategy and leadership just days after shares hit a record low. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Pound slips further as May resignation expected Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Trade war: China vows to ‘fight to the end’ as Panasonic ditches Huawei – business live Rolling coverage of the latest economic and financial news, as tensions between Beijing and Washington escalateIntroduction: China accuses US of economic bullyingPanasonic cuts ties with HuaweiARM, Google, EE and Vodafone have all acted tooAsia’s stock… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output. Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Women’s Clothing Chain Dressbarn to Close its 650 Stores The company did not say when Dressbarn will shut all its stores Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • The World’s Most Consumed Alcohol Is One You Might Not Have Tried. But It’s Coming to a Bar Near You Chinese distillers are hoping to ride the craft spirit movement and introduce baijiu to international audiences Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest ...
  • Rihanna launches new fashion brand in Paris with LVMH Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Bicycle Therapeutics prices IPO at $14/ADS, towards the low end of range Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Frontier Communications may have breached covenant with draw – report Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Prothena files for $150M shelf stock Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Ikea plans to open first Mexico store in 2020 IKEA, the world’s largest furniture seller, will open its first store in Mexico next year and plans to launch other stores around the country, the company said on Wednesday, as it expands in Latin America to counter growing competition in its core U.S…. Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Court gives Viasat, Telebras approval of service contract Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Samsung files to redact Qualcomm settlement details – FT Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Zero-carbon future must include nuclear, Southern CEO says Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • KeyBanc starts Cooper Tire at Overweight Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Tesla drops for sixth straight session, down 20% since share offer Tesla shares extended their recent sell-off on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $175 million in the hole. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • GM faces pushback on U.S. self-driving vehicle plan General Motors Co faces pushback over its request that U.S. regulators waive some automobile safety standards to make it possible to deploy a ride-sharing fleet of driverless cars without steering wheels or other human controls. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Melinda Gates Wants More Girls and Women in STEM. Here’s How She’s Working Toward That. For proof of just how dedicated Melinda Gates is to creating opportunities for future generations, look no further than her mission to help girls and women get into STEM careers. With her position as the co-founder Bill & Melinda Gates Foundation and a passionate philanthropist, Gates highlighted the importance of investing in organizations who “empower… Share ...
  • DNB Financial declares $0.07 dividend Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one day regulate the technology. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • ITT declares $0.147 dividend Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Getting a seat at the VC table Monique Villa Contributor Share on Twitter Monique Villa is an investor at Mucker Capital, a seed and “pre-seed” stage fund investing in companies powering a software-enabled world. She is also the Founder of Nashville-based ModernCapital, a community of startup founders and ecosystem partners committed to company building in the Southeast (#BuildInSE). We are witnessing the ...
  • We’ve had so many reports on inequality – now act | Letters Chris Grover says austerity policies are even more punishing than the workhouse, John Veit-Wilson on social security for everyone, Jack Czauderna on so many reports, Dr David Alderson on why he won’t vote for the Lib Dems, and Paul Nicolson et al on th… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Stocks pare losses after FOMC sees patient stance `for some time’ Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Muncy Bank Financial declares $0.33 dividend Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Pound suffers against euro for 13th day in a row amid May turmoil Longest losing streak takes place since creation of single currency two decades agoThe pound has suffered its longest losing streak against the euro since the creation of the single currency two decades ago as turmoil in Downing Street spilled over int… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Lowe’s cuts 2019 profit forecast, blames higher costs, weak pricing Lowe’s Cos Inc cut its full-year profit forecast after reporting disappointing first-quarter earnings, as the home improvement chain failed to raise prices in time to make up for higher costs, sending its shares down 9%. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Gold miners must focus on returns, mergers to attract investment: Barrick CEO Gold miners must focus on maximizing returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold’s chief executive said on Wednesday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say The U.S. Justice Department’s antitrust division staff has recommended the agency file a lawsuit to block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • TGT, CLNE among premarket gainers Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • No fear from Target positive for retail Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Higher energy bills and transport costs drive up UK inflation ONS says consumer prices index was 2.1% in April, up from 1.9% in MarchDearer energy bills and a pick-up in the cost of transport have pushed the annual rate of inflation back above the government’s 2% target for the first time in four months.Figures f… Share this:Click to email this to a friend (Opens in new ...
  • China’s big three airlines seek Boeing compensation over 737 MAX grounding China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Sol-Gel Technologies beats by $0.37, beats on revenue Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Exclusive: Behind Grindr’s doomed hookup in China, a data misstep and scramble to make up Early last year, Grindr LLC’s Chinese owner gave some Beijing-based engineers access to personal information of millions of Americans such as private messages and HIV status, according to eight former employees, prompting U.S. officials to ask it to se… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Lowe’s cuts full-year profit forecast on higher costs Home improvement chain Lowe’s Cos Inc cut its full-year profit forecast on Wednesday, as higher costs dented margins in the first quarter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • New Coke, an Infamous Blunder, Is Making a Return to Celebrate ‘Stranger Things’ Season 3 Coca-Cola will release cans of New Coke as part of a “Stranger Things” package Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in ...
  • Southwest mechanics dispute ends as American’s heats up Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • British Steel situation is ‘very difficult’: environment minister The situation at British Steel, which is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, is “very difficult”, Britain’s environment minister said on Wednesday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Pound extends record losses against euro as Brexit crisis builds – business live Rolling coverage of the latest economic and financial news, including the latest on the US-China trade war and new UK inflation figuresUS considers blacklisting HikvisionChina: Our door’s still openComing up: UK inflation and public finances 9.29am BST… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Sterling extends losses with Brexit uncertainty ahead Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Fed minutes eyed for ‘patience’ consensus Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)
  • Fed may cut rates if inflation keeps disappointing: Bullard Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Twitter experimenting with heavier ad load Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)