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Updated: 51 min 58 sec ago

OPEC has shown it can reach deal despite splits: Iran oil minister

Sat, 12/15/2018 - 19:06
Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group's ability to reach agreement despite intense internal political differences.
Categories: Financial Media

Motiva preliminarily picked to run Curacao refinery: report

Sat, 12/15/2018 - 19:04
Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela's state-run PDVSA, local media said on Saturday.
Categories: Financial Media

Boeing opens first 737 plant in China amid U.S.-Sino trade war

Sat, 12/15/2018 - 07:34
Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the U.S-China trade war.
Categories: Financial Media

China should free Canadians held after Huawei arrest, U.S.'s Pompeo says

Sat, 12/15/2018 - 03:35
U.S. Secretary of State Mike Pompeo said on Friday China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.
Categories: Financial Media

California regulator opens case against PG&E for falsifying pipeline safety records

Sat, 12/15/2018 - 02:28
The California Public Utilities Commission has opened a proceeding to consider penalties against Pacific Gas and Electric Company, ordering immediate action against the utility for falsifying safety documents for natural gas pipelines, the regulator said in a statement on Friday.
Categories: Financial Media

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal - sources

Sat, 12/15/2018 - 01:07
T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.
Categories: Financial Media

CVS defends settlement that allowed Aetna merger as judge assesses

Sat, 12/15/2018 - 00:31
CVS Health Corp defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing.
Categories: Financial Media

Wall St. looks to Fed outlook Wednesday for early Christmas gift

Fri, 12/14/2018 - 23:16
Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally.
Categories: Financial Media

U.S. sets new March 2 date for China tariff increases amid talks

Fri, 12/14/2018 - 23:15
The U.S. Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.
Categories: Financial Media

Anti-harassment groups share $20 million CBS handout after Moonves exit

Fri, 12/14/2018 - 23:04
CBS Corp on Friday named the Time's Up anti-sexual harassment group and 17 other organizations that will share a $20 million donation stemming from the exit of its chief executive Les Moonves following allegations of sexual misconduct.
Categories: Financial Media

Wall St. tumbles on global growth worries, J&J decline

Fri, 12/14/2018 - 22:56
Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.
Categories: Financial Media

Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

Fri, 12/14/2018 - 22:38
Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday.
Categories: Financial Media

Small-cap S&P 600 index confirms bear market

Fri, 12/14/2018 - 22:33
As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years.
Categories: Financial Media

Wall St. tumbles on global economic worries; J&J drags S&P, Dow

Fri, 12/14/2018 - 21:11
Wall Street's three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder.
Categories: Financial Media

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion: CNBC

Fri, 12/14/2018 - 21:09
Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.
Categories: Financial Media

J&J shares nosedive on report it knew of asbestos in Baby Powder

Fri, 12/14/2018 - 20:49
Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
Categories: Financial Media

Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions - sources

Fri, 12/14/2018 - 20:41
T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies, people familiar with the matter told Reuters.
Categories: Financial Media

PG&E seeks 6.4 percent rate hike in 2020

Fri, 12/14/2018 - 20:19
(This Dec. 13 story corrects the rate-hike percentage to 6.4 from 12 in the headline and the first paragraph)
Categories: Financial Media

Canada says it agrees with U.S. on need to keep politics out of Huawei case

Fri, 12/14/2018 - 20:10
Canada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said.
Categories: Financial Media

Global growth worry hits stocks, but U.S. data lifts dollar

Fri, 12/14/2018 - 19:49
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.
Categories: Financial Media

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