DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows
Tue, 11 Dec 2018 19:16:23 -0500
Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index…
Avianca Brasil files for bankruptcy, citing jet repossession threat
Tue, 11 Dec 2018 19:05:34 -0500
Brazil's fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession…
McDonald's to curb antibiotic use in its beef supply
Tue, 11 Dec 2018 19:03:53 -0500
McDonald's Corp said on Tuesday it plans to reduce the use of antibiotics in its global beef supply, fueling projections…
SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg
Tue, 11 Dec 2018 19:01:03 -0500
SoftBank Group Corp is planning to sell its stake in Nvidia Corp early next year as the U.S. chipmaker's shares…
Exclusive: Trump says he could intervene in U.S. case against Huawei CFO
Tue, 11 Dec 2018 18:59:57 -0500
U.S. President Donald Trump said on Tuesday he would intervene in the Justice Department's case against a top executive at…
NJ Transit to decide on Bombardier order worth up to $3.6 billion
Tue, 11 Dec 2018 18:51:45 -0500
New Jersey Transit's board will decide on Wednesday whether to award the first part of an order for up to…
Canadian court grants bail to CFO of China's Huawei
Tue, 11 Dec 2018 18:46:28 -0500
A Canadian court on Tuesday granted bail to a top executive of Chinese telecoms giant Huawei Technologies Co Ltd while…
U.S. weighs China travel warning over Huawei case: sources
Tue, 11 Dec 2018 18:45:18 -0500
The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada…
Dell gets shareholder approval for VMware deal
Tue, 11 Dec 2018 18:42:56 -0500
Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares…
Google has 'no plans' to launch Chinese search engine: CEO
Tue, 11 Dec 2018 18:41:25 -0500
Google has "no plans" to relaunch a search engine in China though it is continuing to study the idea, Chief…
China's Tencent Music raises nearly $1.1 billion in U.S. IPO
Tue, 11 Dec 2018 18:40:07 -0500
China-based music streaming company Tencent Music Entertainment Group has raised close to $1.1 billion in its U.S. initial public offering…
UK to continue to grant contracts to embattled Interserve: FT
Tue, 11 Dec 2018 18:37:08 -0500
Britain's government will continue granting contracts to Interserve Plc as the debt-laden outsourcing company battles to avoid a Carillion-style collapse,…
Asia stocks cautious, pound pummeled by politics
Tue, 11 Dec 2018 18:34:51 -0500
Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S. trade, while sterling was battered…
Colombia's Grupo Aval says will cooperate with U.S. investigation
Tue, 11 Dec 2018 18:14:04 -0500
Grupo Aval , Colombia's largest financial conglomerate, said on Tuesday it had received an inquiry from the United States Justice…
S&P 500, Dow edge lower as U.S. shutdown threat, China trade in focus
Tue, 11 Dec 2018 17:58:57 -0500
The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between…
China, U.S. discuss road map for next stage of trade talks
Tue, 11 Dec 2018 17:53:14 -0500
China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent,…
Two lawmakers want GM to commit to producing all U.S. EVs domestically
Tue, 11 Dec 2018 17:52:13 -0500
Two U.S. senators from Ohio on Tuesday asked General Motors chief executive Mary Barra to commit to building all future…
Siemens to shut Texas turbines service facility, dismiss workers
Tue, 11 Dec 2018 17:44:28 -0500
German engineering firm Siemens plans to dismiss about 200 workers at a gas turbines parts and components service center in…
Venezuela's deals to shield Citgo from creditors now in doubt
Tue, 11 Dec 2018 17:37:17 -0500
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo…
France claims ignorance as Nissan's Ghosn dossier adds pressure
Tue, 11 Dec 2018 17:30:56 -0500
The French government said on Tuesday it remained unaware of detailed allegations against Renault SA boss Carlos Ghosn sent to…