Big U.S. companies stay on White House panel despite climate jolt Several major U.S. companies, including Wal-Mart Stores Inc (WMT.N), JP Morgan Chase & Co (JPM.N) and IBM Corp (IBM.N), on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal […]
United States
How PPG lost its $29.5 billion bet on Dulux paint In early March, U.S. paint maker PPG (PPG.N)'s Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel (AKZO.AS) boss Ton Buechner for lunch. There, the 59-year-old American ambushed Buechner with a takeover plan and price tag […]
Google faces hefty EU fine in shopping case by August EU antitrust regulators aim to slap a hefty fine on Alphabet (GOOGL.O) unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the […]
Pennsylvania pipeline fight could upend international oil flows Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw the map for international flows of crude and fuel into coveted coastal markets. The regulatory […]
Strong U.S. job growth expected in May, wage rise seen moderate U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains. Nonfarm payrolls probably increased by 185,000 […]
World stocks hit record high as upbeat data boosts confidence Global stocks hit a record high on Friday and Asian markets rose to their best levels in more than two years as upbeat data on U.S. manufacturing and employment and buoyant European factory growth boosted investor optimism. The MSCI ACWI […]
Unflappable Ananya Vinay wins National Spelling Bee Ananya Vinay never looked all that impressed by any of the words she was given in the finals of the Scripps National Spelling Bee. The 12-year-old from Fresno, California, showed little emotion and didn’t take much time as she plowed through word after […]
Supreme Court tightens rules on where companies can be sued The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving Texas-based BNSF Railway Co. […]
Green mutual funds bounce back after Trump-induced retreat After U.S. President Donald Trump's election last November, investors pulled nearly $68 million from so-called "green" mutual funds, reflecting fear that his pro-coal agenda would hurt renewable energy firms. But now investors are pouring money back in, boosting net deposits in 22 green […]
Investors cash in on profitable month of May ends, sterling slides Stocks flatlined on Wednesday as investors used the last day of May to protect gains built up in what has been yet another lucrative month, while sterling fell after an opinion poll suggested the ruling Conservatives could lose seats […]
