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