Saudis, Iran dash hopes for OPEC oil deal in Algeria Saudis, Iran dash hopes for OPEC oil deal in Algeria : Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the […]
Business
Business
Global stocks up as traders follow US presidential debate Global stocks up as traders follow US presidential debate : BEIJING — Global stock markets were higher Tuesday as traders followed the U.S. presidential debate between candidates Hillary Clinton and Donald Trump. KEEPING SCORE: In early trading, France’s CAC-40 rose 1.5 […]
WTO cuts trade forecast by a third WTO cuts trade forecast by a third : The World Trade Organization has cut its forecast for global trade growth this year by more than a third. The new figure of 1.7%, down from its April estimate of 2.8%, would be the slowest […]
Wells Fargo Sued Over Firings for Missed Account Quotas Wells Fargo Sued Over Firings for Missed Account Quotas : Wells Fargo & Co. managers were accused of fueling the creation of bogus accounts in what may be the first lawsuit by fired or demoted employees since the bank was called […]
Salesforce Considers Takeover of Twitter Salesforce Considers Takeover of Twitter : Twitter Inc. may be contemplating a future in the hands of an acquirer after a yearslong effort to sharpen its focus and ignite user growth has fallen short. Salesforce.com Inc. is considering a takeover of the social media company, […]
Marriott buys Starwood, becoming world’s largest hotel chain Marriott buys Starwood, becoming world’s largest hotel chain : Several of the best-known names in travel are now united in one hotel company. Marriott International closed Friday morning on its $13 billion acquisition of Starwood Hotels & Resorts Worldwide, bringing together its […]
Airbnb’s Funding Round Led by Google Capital Airbnb’s Funding Round Led by Google Capital : Airbnb Inc. has brought on Alphabet Inc.’s investment arm as a backer, part of an expected $850 million funding round that values the home-rental company at $30 billion, people close to the deal said. In […]
Wells Fargo CEO resigns position on Fed advisory body Wells Fargo CEO resigns position on Fed advisory body : WASHINGTON (AP) — Wells Fargo’s embattled CEO is resigning his position on the Federal Reserve’s advisory council amid a scandal over millions of accounts allegedly opened by the bank without customers’ […]
Allergan to Buy Tobira Therapeutics in $1.7 Billion Deal Allergan to Buy Tobira Therapeutics in $1.7 Billion Deal : Allergan could pay up to 19 times the value of the liver-disease treatment maker. Allergan PLC on Tuesday said it agreed to acquire Tobira Therapeutics Inc., a biopharmaceutical company that develops […]
Microsoft Plans $40 Billion Stock Buyback and Raises Dividend Microsoft Plans $40 Billion Stock Buyback and Raises Dividend : Rise in Tech giant’s quarterly payout to 39 cents from 36 cents represents an increased dividend yield to 2.7%. Microsoft Corp. announced plans to buy back up to $40 billion in […]
