Ackman makes new bet against Herbalife with options Ackman makes new bet against Herbalife with options: The activist investor took a $1 billion bet in 2012 that Herbalife’s shares would fall by selling loaned shares which he hoped to buy back cheaper at a later date. Herbalife’s shares have instead […]
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Trucks SUVs drive U.S. October new vehicle sales Trucks SUVs drive U.S. October new vehicle sales: Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger […]
Foreign buyers inch back into Vancouver housing market Foreign buyers inch back into Vancouver housing market: Foreign nationals were behind 5 percent of home purchases in Metro Vancouver in September, up from about 0.9 percent in August 2016, the month the 15 percent levy was enacted in response to offshore […]
Wal Mart triples online items lowers prices as holiday season kicks in Wal Mart triples online items lowers prices as holiday season kicks in: The world’s largest retailer said it tripled its online selections for the holiday season to 60 million items, and that it would provide free two-day shipping […]
Asia shares hit 10-year high on strong economy oil gains Asia shares hit 10-year high on strong economy oil gains: MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by 1.1 percent gains in South Korea while Japan’s Nikkei gained 1.4 percent. “Hopes of U.S. tax cuts, […]
Apple could drop Qualcomm components in next years iPhones iPads Apple could drop Qualcomm components in next years iPhones iPads: The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be identified because they were […]
Oil prices stable as OPEC-led supply cuts tighten market Oil prices stable as OPEC-led supply cuts tighten market: Brent crude futures, the international benchmark for oil prices, were at $60.78 per barrel at 0343 GMT. That was 12 cents below their last settlement, but still not far off the highest […]
Telekom CEO argues for strong No. 3 player in U.S. wireless market Telekom CEO argues for strong No. 3 player in U.S. wireless market: Chief executive officer Timotheus Hoettges also urged the new German government to think twice before selling down its large stake in Deutsche Telekom, according to an […]
Dollar edges away from highs Spain crisis pressures euro Dollar edges away from highs Spain crisis pressures euro: The dollar index, which tracks the greenback against a basket of six major rivals, dipped 0.2 percent to 94.775 but remained not far from Friday’s three-month high of 95.150. The euro inched […]
Oil up 2 percent Brent hits $60 per barrel on support for extending curbs Oil up 2 percent Brent hits $60 per barrel on support for extending curbs: Saudi Arabia and Russia declared their support for extending an OPEC-led deal to cut supplies for another nine months, the Organization of […]
