Dow pierces 23,000 but ends below milestone Dow pierces 23,000 but ends below milestone: The blue-chip index, which surpassed similar 1,000-point marks three times previously this year, has been steadily inching higher and is up 2.6 percent so far this month, putting it on track for a seventh straight monthly […]
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Oil elevated as Iraq tensions escalate Asian shares hold firm Oil elevated as Iraq tensions escalate Asian shares hold firm: Short-term U.S. bond yields and interest rates jumped after a report U.S. President Donald Trump favored Stanford economist John Taylor to head the Federal Reserve. Japan’s Nikkei .N225 rose 0.4 […]
Midnight in Toulouse How CSeries deal shook status quo Midnight in Toulouse How CSeries deal shook status quo: The nocturnal gymnastics by Europe’s largest aerospace group stunned the aircraft industry which had been riveted for weeks by a trade dispute between Boeing and Bombardier that threatened to hit the CSeries […]
Kobe Steel shares tumble to near five-year low as cheating crisis deepens Kobe Steel shares tumble to near five-year low as cheating crisis deepens: Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared […]
Bombardier exploring options for aerospace businesse Bombardier exploring options for aerospace businesses: Canadian train-and-plane maker Bombardier Inc (BBDb.TO) is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday. The company is considering disposal of assets including its Q400 turboprop and CRJ regional-jet unit, […]
Kroger exploring sale of convenience stores shares rise Kroger exploring sale of convenience stores shares rise: Kroger Co (KR.N) said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that […]
Goldman creates ‘brain trust’ in effort to boost deals business Goldman creates ‘brain trust’ in effort to boost deals business: Goldman Sachs Group Inc (GS.N) is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots […]
Oil prices settle up on demand forecasts Kurdistan tensions Oil prices settle up on demand forecasts Kurdistan tensions: Oil prices rose for the third day on Wednesday as OPEC forecast higher demand for 2018 and heightened tensions in Kurdistan supported prices. Brent crude futures LCOc1 rose 33 cents, or 0.6 […]
Facebook to sell portable headset for virtual reality Facebook to sell portable headset for virtual reality: SAN JOSE, Calif. (Reuters) – Facebook Inc (FB.O) is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift […]
Procter & Gamble foresees proxy war victory Peltz refuses to concede Procter & Gamble foresees proxy war victory Peltz refuses to concede: Procter & Gamble Co (PG.N) said on Tuesday activist hedge fund manager Nelson Peltz lost his fight to win a seat on the company’s board, according to a […]
