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Madoff customer payout tops $12 billion
Fri, 22 Feb 2019 11:00:25 -0500
The court-appointed trustee liquidating Bernard Madoff's firm said he began distributing $464 million to the imprisoned swindler's former customers on…
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EU debates when to start trade talks with Trump
Fri, 22 Feb 2019 10:54:06 -0500
European Union ministers began debating on Friday when to start trade negotiations with the United States, aware that U.S. President…
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France wants agriculture kept out of a EU-U.S. trade deal: Elysee
Fri, 22 Feb 2019 10:53:32 -0500
France opposes including agricultural products in any trade deal between the United States and the European Union, a source at…
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VW warns of headwinds, to redouble efforts to meet targets
Fri, 22 Feb 2019 10:47:33 -0500
Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year…
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EU drafting retaliatory tariff list hitting Caterpillar, Xerox, Samsonite: Bloomberg
Fri, 22 Feb 2019 10:34:56 -0500
The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International…
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Signs of progress in trade talks prop up Wall Street
Fri, 22 Feb 2019 10:30:07 -0500
U.S. stocks rose on Friday on signs of progress in the ongoing trade talks between the United States and China,…
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Canada's Barrick Gold considers hostile $19 billion bid for Newmont Mining: media
Fri, 22 Feb 2019 10:09:49 -0500
Canada's Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in…
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Kraft Heinz write-down puts focus on years of cost cuts, shares fall 27 percent
Fri, 22 Feb 2019 09:56:16 -0500
Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion…
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Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent
Fri, 22 Feb 2019 09:55:15 -0500
Shares of Kraft Heinz Co slumped 20 percent late on Thursday after the food company posted a quarterly loss, disclosed…
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Oil hits new 2019 high on U.S.-China trade talk hopes
Fri, 22 Feb 2019 09:53:57 -0500
Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end…
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U.S. farmers receive $7.7 billion in trade aid to date: USDA
Fri, 22 Feb 2019 09:51:19 -0500
U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and…
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U.S., China haggle over toughest issues in trade war talks
Fri, 22 Feb 2019 09:50:40 -0500
Top U.S. and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending…
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No clarity yet from Beijing on intellectual property: USDA trade official
Fri, 22 Feb 2019 09:50:16 -0500
Chinese trade negotiators have yet to provide clarity on how Beijing will address Washington's demands for more protection of American…
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UBS sticks to dividend, capital return plans after French verdict
Fri, 22 Feb 2019 09:30:58 -0500
UBS plans to stick to its proposed dividend for 2018, CEO Sergio Ermotti said on Friday, two days after the…
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Goldman Sachs backs U.S. construction finance tech startup Rabbet
Fri, 22 Feb 2019 09:24:43 -0500
Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient,…
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Cryptocurrency companies use 'backdoor' listings to ease into mainstream
Fri, 22 Feb 2019 09:22:49 -0500
Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves…
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AT&T pulls ads from YouTube over videos exploiting children
Fri, 22 Feb 2019 09:16:42 -0500
AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine…
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Exxon, Microsoft strike cloud computing agreement for U.S. shale
Fri, 22 Feb 2019 09:08:46 -0500
Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they…
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EU trade chief sees EU decision soon to start U.S. trade talks
Fri, 22 Feb 2019 08:47:49 -0500
European Trade Commissioner Cecilia Malmstrom said on Friday she expected European Union governments to decide soon to start trade negotiations…
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AutoNation misses profit, revenue estimates; names new CEO
Fri, 22 Feb 2019 08:05:51 -0500
AutoNation Inc reported lower-than-expected quarterly profit and revenue on Friday, as the largest U.S. auto retailer sold fewer new vehicles,…