Result Page 1071 for Latest Business News & Archive

US Stock Fund Investors Show No Fear Of King Dollar

U.S. fund investors are in no rush to shore up defenses against the strong dollar.

NAFTA Talks: Donald Trump Says US-Mexico Trade Deal Could Be Imminent

Trump tweeted on Saturday that the United States could reach a “big Trade Agreement” with Mexico imminently.

Tesla CEO Musk Drops Pursuit Of $72 Billion Take-Private Deal

The decision leaves Tesla as a publicly listed company but raises new questions about its future.

Enbridge To Buy Spectra Energy For $3.3 Billion

Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.

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Credit Suisse Freezes $5 Billion Of Russian Money Due To US Sanctions

One of Switzerland’s largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow.

Follow The Money: How Special Counsel Robert Mueller's Team Made The Paul Manafort Case

Paul Manafort’s $15,000 ostrich skin jacket and other evidence of the former Trump campaign chairman’s conspicuous consumption grabbed the headlines during his tax and bank fraud trial.

Target's Second-Quarter Profit, Sales Top Estimates, Shares Soar

Target Corp. reported quarterly sales and profit that beat estimates as a strong economy lifted customer visits to the most in a decade, sending its shares up more than 5 percent.

US Job Gains In Year Through March Likely To Be Revised Up By 43,000

The U.S. economy likely created 43,000 more jobs in the 12 months through March than previously estimated, the Labor Department said on Wednesday.

Deal-Hungry Investment Bankers Walk Tesla Tightrope

Elon Musk's contemplated $72 billion take-private deal is presenting investment bankers with a dilemma.

American Airlines Adds Europe Routes, Cuts China, Japan Flights Citing Fuel Costs

In an announcement Tuesday, American Airlines said high fuel costs and competition were responsible for the reduction of its services to China and Japan.

Orchard Supply Hardware Stores Permanently Closing Down, 'Devastated' Customers React

Employees of Orchard Supply Hardware, about 4,000 in all, learned of the permanent shutdown Tuesday. Store liquidations were scheduled to begin Thursday.

Trump Comments Hit Dollar, Asian Stocks Up On Hopes Trade Tensions Ease

In an interview, President Donald Trump said China was manipulating its currency to make up for having to pay tariffs imposed by Washington on some imports from the Asian country.

Stratolaunch Systems Unveils New Rockets, First Flight Planned For 2020

Microsoft cofounder Paul Allen’s commercial space venture Stratolaunch Systems announced Monday its launch vehicles — three rockets and the largest airplane ever by wingspan — and proposed first flight for 2020.

US Tariffs Cast A Cloud Over Huawei's Solar Electronics Launch

Analysts and distributors had expected Huawei's FusinHome to knock $100-$200 off current market prices of similar devices costing between $1,000 and $1,500 per household.

ConocoPhillips And Venezuela's PDVSA Reach $2 Billion Settlement

The deal suspended a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities.

Walmart Completes $16 Billion Acquisition Of Indian E-Commerce Site Flipkart

The retail giant announced over the weekend that it has acquired 77 percent of Flipkart.

Twitter CEO Says Employees' 'Left-Leaning' Biases Have No Impact On Policy

CEO Jack Dorsey said the social media platform does not ban users for their political beliefs.

Greece exits last bailout after austerity years

Greece Set For Growth After Bailout Exit, Says Berenberg Economist

Berenberg economist Carsten Hesse expects the Greek economy to clock a healthy 2.0 to 2.4 percent growth till 2020.

Pepsi Acquiring Israel’s SodaStream In $3.2-Billion Deal

The all-cash deal to buy all outstanding shares of SodaStream would be funded by PepsiCo’s existing funds. The offer price reflects almost 11 percent premium to SodaStream’s Friday closing share price on Nasdaq.

US Energy Group Hess Corp's SE Asia Assets Attract Bid Interest: Sources

Hess, which has a collection of gas fields in North Malay Basin in offshore Malaysia and in the Malaysia-Thailand Joint Development Area (JDA) with 50 percent equal partner Petronas, has not yet decided whether to sell the assets.

Apple China Removes 25,000 Apps From App Store For Violating Country’s Laws

The apps that Apple removed from its App Store in China were in violation of the country’s laws by providing platforms for gambling and selling fake lottery tickets, among others.

Saudi PIF In Talks To Invest In Aspiring Tesla Rival Lucid: Sources

The talks between privately-held Lucid Motors and PIF underscore the latter's appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom's investment portfolio.

Iran Says No OPEC Member Can Replace Its Oil Exports Share

Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November.

Wendy's Sells Its Stake In Arby's Owner Inspire Brands For $450 Million

The fast-food chain on Thursday announced it has ended ties with Arby's.

DoorDash Company Valuation Rises To $4 Billion After New Funding

The food delivery startup announced Thursday that it has raised $250 million in a new round of funding.

As Nvidia Expands In Artificial Intelligence, Intel Defends Turf

Intel estimates that the current market for AI chips is about $2.5 billion, evenly split between inference and training.

Corona Owner To Make $4 Billion Investment In Legal Marijuana

Constellation Brands, the company behind Corona beer, announced it plans to invest more of its money into Canada’s top cannabis producer.

Kroger To Begin Testing Self-Driving Grocery Delivery Service In Arizona

The retailer announced it will start its autonomous driving service to deliver customers' groceries.

Turkey Crisis To Continue Despite Qatar Investment, Says DBS Strategist

Neel Gopalakrishnan says markets need a more comprehensive solution, with de-escalation of tensions with the US as a starting point.

SEC Scrutiny Of Tesla Grows As Goldman Hints At Adviser Role

The latest news extended the roller-coaster ride for the electric car-maker's investors in recent days, adding to uncertainty about the future course of the company.

Uber Narrows Loss But Is A Long Way From Finding Profit

Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has juggled investing in new markets while retreating from others where it was losing millions of dollars.

Turkey Receives $15 Billion Finacial Boost From Qatar Amid US Tariff Dispute

Turkey received the investment Wednesday as it continues to have financial issues amid spat with the U.S.

Google Provides Data On US Political Advertising

Google has added a section to its twice-yearly transparency report to show who buys U.S. election ads on its platform and how much money is spent on political advertising, the search engine giant said on Wednesday.