Facebook CEO Warns Against Reversal of Global Thinking Facebook CEO Warns Against Reversal of Global Thinking:- Facebook Inc Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company's platform could be […]
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Samsung Chief Lee Arrested as South Korean Corruption Probe Deepens Samsung Chief Lee Arrested as South Korean Corruption Probe Deepens:- Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a […]
Asia Shares Ease After Run of Gains; Oil Lifted by OPEC Cut Extension Hopes Asia Shares Ease After Run of Gains:- Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday's slide and optimism over possible renewed […]
U.S. business in China warms to possible Trump trade policy shake-up U.S. business in China warms to possible Trump trade policy shake-up:- "Reciprocity" has become the new buzzword in the U.S. business community in China, with some industry leaders saying they would welcome a tougher approach from the Trump administration in […]
Trian takes $3.5 billion stake in Procter & Gamble Trian takes $3.5 billion stake in Procter & Gamble:- Trian Fund Management LP disclosed a $3.5 billion stake in Procter & Gamble Co (PG.N) on Tuesday, taking aim at the maker of Pampers diapers as it moves to boost sales and shed […]
Apple, banks push Wall Street to all-time high Apple, banks push Wall Street to all-time high:- Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple (AAPL.O) racked […]
Fed on course to raise interest rates at an upcoming meeting Fed on course to raise interest rates at an upcoming meeting:- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy […]
Berkshire takes huge bite of Apple, boosts airline stakes Berkshire takes huge bite of Apple, boosts airline stakes:- Warren Buffett's Berkshire Hathaway Inc (BRKa.N) was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc (AAPL.O) and increasing its stake sevenfold in the four […]
Asia stocks at 19-month peak, dollar up as Yellen puts March rate hike in play Asia stocks at 19-month peak, dollar up as Yellen puts March rate hike in play:- Asian stocks scaled 19-month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet […]
U.S. insurers sense opportunity in unwanted pension plans U.S. insurers sense opportunity in unwanted pension plans:- U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them. Calculating they can make more money […]
