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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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,…