Business

Wall Street was lower in early afternoon trading on Tuesday as technology stocks continued to slide while investors focused on Federal Reserve Chair Janet Yellen’s talk in London. The technology index .SPLRCT fell 1 percent due to a drop in the shares of Microsoft (MSFT.O), Facebook (FB.O) and Alphabet (GOOGL.O). Alphabet fell 1.6 percent to
0 Comments
By David Shepardson | WASHINGTON WASHINGTON Amtrak on Monday named a former Delta Air Lines (DAL.N) chief to lead the U.S. passenger rail carrier as it embarks on a major renovation of its busiest U.S. hub following years of disruptions and delays along the Northeast Corridor. Richard Anderson, who spearheaded Delta’s growth into the world’s
0 Comments
By Nick Carey and Joseph White | DETROIT DETROIT General Motors Co (GM.N) now expects U.S. new vehicle sales in 2017 will be in the “low 17 million” unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday. “The market is definitely slowing …
0 Comments
By Martinne Geller and Michael Flaherty | LONDON/NEW YORK LONDON/NEW YORK U.S. activist shareholder Third Point LLC has targeted Nestle (NESN.S) by taking a $3.5 billion stake in the food maker and urging Europe’s most valuable company to boost returns as demand for its products weakens. Nestle shares jumped as much as 4.8 percent on
0 Comments
FRANKFURT Deutsche Bank (DBKGn.DE) is not in advanced talks over frozen bonus payments, former board member Hugo Baenziger told Frankfurter Allgemeine Sonntagszeitung. Baenziger’s remarks run counter to comments made by the bank’s current chairman Paul Achleitner who said the lender was in talks to persuade former board members to make a financial contribution toward the
0 Comments
By Matt Spetalnick and Girish Gupta | WASHINGTON WASHINGTON The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government, senior White House officials told Reuters, after Goldman Sachs Group Inc came under fire for purchasing $2.8 billion of state oil company bonds at a steep discount.
0 Comments
By Nandita Bose | FAYETTEVILLE, Ark. FAYETTEVILLE, Ark. Wal-Mart Stores Inc (WMT.N) executives on Friday reassured workers they remained integral to the company’s success as they highlighted investments in online sales and other technology to compete with rivals like Amazon.com Inc (AMZN.O). Wal-Mart is successfully using e-commerce to boost sales but does not want to
0 Comments