GM rebuffs two-class share plan from Einhorn Greenlight Capital GM rebuffs two-class share plan from Einhorn Greenlight Capital:- General Motors Co (GM.N) on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price. In a regulatory filing, the country's largest […]
business news headlines
Asia stocks up with dollar, sterling cold shouldered on Brexit day Asia stocks up with dollar, sterling cold shouldered on Brexit day:- Asian shares inched ahead on Wednesday while the dollar and commodities held gains as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused […]
China telecom firm ZTE removed from U.S. trade blacklist China telecom firm ZTE removed from U.S. trade blacklist:- The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp (000063.SZ) from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed […]
American Airlines takes $200 million stake in China Southern American Airlines takes $200 million stake in China Southern:- China Southern Airlines Co Ltd (1055.HK)(600029.SS) said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc (AAL.O), giving the U.S. airline […]
AIG executives meet analysts to push resiliency message AIG executives meet analysts to push resiliency message:- American International Group Inc (AIG.N) executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter […]
U.S. shale leaves thousands of wells unfinished U.S. shale leaves thousands of wells unfinished:- U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise […]
Oil edges up as Saudis cut supplies to U.S., but global glut remains Oil edges up as Saudis cut supplies to U.S., but global glut remains:- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the […]
Oil bounces off November lows, but bloated U.S. stockpiles pressure market Oil bounces off November lows, but bloated U.S. stockpiles pressure market:- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led […]
Airbnb embarks on China push with more staff, local name Airbnb embarks on China push with more staff, local name:- U.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday, even as the Silicon […]
Oil prices fall on bloated U.S. crude storage Oil prices fall on bloated U.S. crude storage:- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. At 0803 GMT, prices for front-month Brent crude […]
