Neiman Marcus hires debt restructuring adviser Neiman Marcus hires debt restructuring adviser:- U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd (LAZ.N) to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on […]
Business
Business
PSA agrees to buy Opel from GM, wins board approval PSA agrees to buy Opel from GM, wins board approval:- France's PSA Group struck a deal with General Motors (GM.N) to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters. The board of PSA, […]
U.S. finds China steel plate imports injure U.S. industry U.S. finds China steel plate imports injure U.S. industry:- The U.S. International Trade Commission said on Friday it had made a final finding that the U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy […]
Caterpillar is sued by a shareholder after federal raid Caterpillar is sued by a shareholder after federal raid:- Caterpillar Inc was sued on Friday for allegedly deceiving shareholders about its business, one day after federal law enforcers raided three of its buildings in connection with a probe into the heavy […]
Investors bet Trump-fueled tech rally far from over Investors bet Trump-fueled tech rally far from over:– Technology companies have been a driving force behind the U.S. stock market's recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of […]
Mexico economy minister to meet with Ford, GM in Detroit Mexico economy minister to meet with Ford, GM in Detroit:- Mexico's economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co (F.N) and General Motors Co (GM.N), keeping a frenetic pace of meetings […]
Snap's shares pop after year's biggest IPO Snap's shares pop after year's biggest IPO:- Snap Inc's (SNAP.N) shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's […]
Dollar firm, shares slip in Asia as Fed rate hike looms Dollar firm, shares slip in Asia as Fed rate hike looms:- The dollar held broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's […]
American Express escalates high-fee card competition American Express escalates high-fee card competition:- American Express Co (AXP.N) will begin to offer this month $200 a year in Uber rides, plus other new perks, on its Platinum charge cards as it fights to protect its high-end market from JPMorgan Chase & Co […]
Taiwan sits out forex intervention to duck Trump blast Taiwan sits out forex intervention to duck Trump blast:- Taiwan’s central bank, fearful of being labeled a currency manipulator by U.S. President Donald Trump, has pulled back on intervention to weaken the Taiwan dollar, making it Asia's second best-performing currency in […]
