Market News

United Airlines' chief financial officer resigns

Global Business News Reuters - Thu, 05/17/2018 - 18:14
NEW YORK (Reuters) - United Airlines' Chief Financial Officer Andrew Levy is stepping down, the carrier said on Thursday, in a major management shakeup as the airline's financial performance lags rivals.
Categories: Global news, Market News

Brookfield in talks to acquire stake in Kushner-owned Manhattan tower: source

Global Business News Reuters - Thu, 05/17/2018 - 17:52
NEW YORK (Reuters) - Brookfield Property Partners is in talks to acquire a stake in a Manhattan office tower majority-owned by a company that was previously run by Jared Kushner, son-in-law of U.S. President Donald Trump, a source familiar with a potential deal said on Thursday.
Categories: Global news, Market News

Tax cut windfall seen lifting U.S. companies' business investments

Global Business News Reuters - Thu, 05/17/2018 - 17:04
NEW YORK (Reuters) - U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said.
Categories: Global news, Market News

As oil rises, warnings emerge from U.S. retailers

Global Business News Reuters - Thu, 05/17/2018 - 16:40
NEW YORK (Reuters) - Worries about rising oil prices have begun to creep into U.S. retailers' earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers' shares.
Categories: Global news, Market News

Brookfield in talks to acquire stake in Kushner-owned tower: source

Global Business News Reuters - Thu, 05/17/2018 - 16:17
NEW YORK (Reuters) - Brookfield Property Partners is in talks to acquire a stake in a Fifth Avenue, New York, office tower majority owned by a company that was previously run by Jared Kushner, son-in-law of President Donald Trump, a source familiar with a potential deal said on Thursday.
Categories: Global news, Market News

Wall St falls slightly on trade, oil price concerns

Global Business News Reuters - Thu, 05/17/2018 - 16:10
(Reuters) - Wall Street ended lower after a choppy trading session on Thursday, as investors grappled with escalating trade tensions and rising oil prices.
Categories: Global news, Market News

United Airlines' chief financial officer stepping down

Global Business News Reuters - Thu, 05/17/2018 - 16:09
NEW YORK (Reuters) - United Airlines' chief financial officer, Andrew Levy, is stepping down, the carrier said on Thursday, marking a major management shuffle amid the airline's lagging financial performance as compared with rivals.
Categories: Global news, Market News

Trump doubts success in rebalancing U.S.-China trade as talks get underway

Global Business News Reuters - Thu, 05/17/2018 - 15:59
WASHINGTON (Reuters) - President Donald Trump said on Thursday that China had become "very spoiled" on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negotiations opened in Washington.
Categories: Global news, Market News

Asia oil bill to top $1 trillion a year as crude hits $80

Global Business News Reuters - Thu, 05/17/2018 - 15:16
By Henning Gloystein, Rajendra Jadhav and Neil Jerome Morales
Categories: Global news, Market News

Canada 'positive' on NAFTA, Mexico says deal possible by end-May

Global Business News Reuters - Thu, 05/17/2018 - 14:58
NEW YORK/MEXICO CITY (Reuters) - Canadian Prime Minister Justin Trudeau on Thursday said he felt "positive" about talks to rework the NAFTA trade pact, while a top Mexican official held out hope a deal could be hammered out by the end of May.
Categories: Global news, Market News

Canada optimism over pipeline interest may be misplaced: sources

Global Business News Reuters - Thu, 05/17/2018 - 14:40
WINNIPEG, Manitoba (Reuters) - The Canadian government's optimism that outside investors would be interested in taking over a Kinder Morgan Canada oil pipeline project if the company pulls out might be misplaced, said energy industry sources and analysts.
Categories: Global news, Market News

Delaware judge rules in favor of Redstone family in CBS dispute

Global Business News Reuters - Thu, 05/17/2018 - 14:26
(Reuters) - A judge declined on Thursday to issue a restraining order against Shari Redstone, allowing her to exert control over CBS Corp and dealing a setback to the U.S. media company's plans to strip her voting power and thwart a merger with Viacom Inc .
Categories: Global news, Market News

U.S. gunmaker Remington exits bankruptcy in tough gun climate

Global Business News Reuters - Thu, 05/17/2018 - 13:36
(Reuters) - U.S. weapons manufacturer Remington Outdoor Co Inc said on Thursday it had emerged from Chapter 11 bankruptcy with less debt and more stable financing that may help it ride out a slowing market for firearms.
Categories: Global news, Market News

U.S. labor market tightening; mid-Atlantic factory activity picks up

Global Business News Reuters - Thu, 05/17/2018 - 11:44
WASHINGTON (Reuters) - New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Categories: Global news, Market News

Diesel fallout is responsibility of carmakers: German minister

Global Business News Reuters - Thu, 05/17/2018 - 08:45
BERLIN (Reuters) - German carmakers will have to take responsibility for the fallout from their cheating in diesel cars' emission tests, Transport Minister Andreas Scheuer said on Thursday.
Categories: Global news, Market News

U.S. weekly jobless claims rise; unemployment rolls smallest in 45 years

Global Business News Reuters - Thu, 05/17/2018 - 08:39
(Reuters) - New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Categories: Global news, Market News

Takeda CEO prescribes surgical R&D cuts after $62 billion Shire deal

Global Business News Reuters - Thu, 05/17/2018 - 08:15
LONDON (Reuters) - For Christophe Weber, the boss of Japan's Takeda Pharmaceutical , securing a $62 billion deal last week to buy drugmaker Shire at the fifth time of asking was the easy bit.
Categories: Global news, Market News

Walmart's U.S. e-commerce growth rebounds, shares rise

Global Business News Reuters - Thu, 05/17/2018 - 08:05
NEW YORK (Reuters) - Walmart Inc, the world's biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit and revenue expectations, lifting its shares in premarket trade.
Categories: Global news, Market News

Stock futures drop as Cisco disappoints; trade talks eyed

Global Business News Reuters - Thu, 05/17/2018 - 07:40
(Reuters) - U.S. stock futures dipped on Thursday after Cisco's disappointing forecast, while investors fretted about rising U.S. Treasury yields and looming trade talks between the United States and China.
Categories: Global news, Market News

Volkswagen's biggest brand to by-pass Paris auto show

Global Business News Reuters - Thu, 05/17/2018 - 07:27
BERLIN (Reuters) - Volkswagen will not display its core brand at the Paris motor show this year, the latest and most prominent carmaker to swerve the biennial industry gathering.
Categories: Global news, Market News
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