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Fed turns to Trump agenda with rate hike nearly in the bag
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank'… See original here: Fed turns to Trump agenda with rate hike nearly in the bag Read More →
Coke CEO Muhtar Kent hands reins to Quincey in widely expected move
Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. Quincey's ascension was widely expected since he became chief operating officer in August 2015 after jobs that included running Coke&#… View original... [Read more]
OPEC, non-OPEC agree to their first global oil pact since 2001
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some … Original post: OPEC, non-OPEC agree to their first global oil pact since 2001 Read More →
Asian shares flat but on track for weekly gains
TOKYO/SYDNEY (Reuters) – Asian shares flatlined on Friday but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had… More here: Asian shares flat but on track for weekly gains Read More →
SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms
Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp , pledged a $50 billion investment in the Read more from the original source: SoftBank’s Son pledges $50 billion,... [Read more]
Trump defends Boeing tweet, says companies shouldn’t worry
WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office. Originally posted here: Trump defends Boeing tweet, says companies shouldn’t worry Read More →
United Airlines mechanics ratify new contract
By Alana Wise NEW YORK (Reuters) – Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. The… See the original post: United Airlines mechanics ratify new contract Read More →
Delaware Court revives case over Pincus’s Zynga stock sale
By Tom Hals WILMINGTON, Del. (Reuters) – The Delaware Supreme Court revived a lawsuit against Zynga Inc's controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012. Delaware's high court ruled that the Court of Chancery erred when it dismissed the lawsuit... [Read more]
Oil retreats on doubts OPEC cuts can ease glut
U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early See the original post: Oil retreats on doubts OPEC cuts can ease glut Read More →
Aixtron, Fujian to explore what is left of deal after U.S. veto
German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. U.S. President Barack Obama blocked China's Fujian Grand Chip Investment Fund (FGC) from acquiring Aixtron's U.S. business, the Treasury Department said on... [Read more]