U.S. and AT&T discuss conditions for approval of Time Warner deal U.S. and AT&T discuss conditions for approval of Time Warner deal: The $85.4 billion deal, unveiled in October 2016, is opposed by an array of consumer groups and competitors on the grounds that it would give the wireless company […]
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Bitcoin rockets above $7000 for the first time Bitcoin rockets above $7000 for the first time: Bitcoin has seen eye-watering gains in recent months, having more than doubled in value in the past seven weeks alone. It is on track for a fifth consecutive quarter of increases a run not […]
Ackman makes new bet against Herbalife with options Ackman makes new bet against Herbalife with options: The activist investor took a $1 billion bet in 2012 that Herbalife’s shares would fall by selling loaned shares which he hoped to buy back cheaper at a later date. Herbalife’s shares have instead […]
Trucks SUVs drive U.S. October new vehicle sales Trucks SUVs drive U.S. October new vehicle sales: Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger […]
Lockheed F 35 deliveries were halted for 30 days Lockheed F-35 deliveries were halted for 30 days: During routine maintenance at Hill Air Force Base in Utah, the Air Force detected “corrosion exceeding technical limits” where the carbon fiber exterior panel is fastened to the aluminum airframe. A lack of […]
Samsung Electronics names new generation leaders as profit soars Samsung Electronics names new generation leaders as profit soars: The world’s biggest maker of semiconductors, televisions and smartphones replaced the leaders of its three main businesses, named CFO Lee Sang-hoon as the likely new board chairman, and said veteran co-CEOs J.K. […]
Asia shares hit 10-year high on strong economy oil gains Asia shares hit 10-year high on strong economy oil gains: MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by 1.1 percent gains in South Korea while Japan’s Nikkei gained 1.4 percent. “Hopes of U.S. tax cuts, […]
Oil prices stable as OPEC-led supply cuts tighten market Oil prices stable as OPEC-led supply cuts tighten market: Brent crude futures, the international benchmark for oil prices, were at $60.78 per barrel at 0343 GMT. That was 12 cents below their last settlement, but still not far off the highest […]
Europe lift sends world stock gauge to record Europe lift sends world stock gauge to record: Bloomberg reported that the corporate tax rate may be reduced gradually, by 3 percentage points a year, to 20 percent. “Clearly tax policy is important to corporations,” said Randy Frederick, vice president of trading […]
Oil markets stable on expected extension of output cuts Oil markets stable on expected extension of output cuts: Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. Brent crude oil […]
