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Updated: 2 hours 14 min ago

Tencent Music meets profit estimates in first earnings report, shares fall

Tue, 03/19/2019 - 21:15
China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public.
Categories: Financial Media

U.S. lawmaker says tech companies must quickly remove violent content after New Zealand

Tue, 03/19/2019 - 21:12
Following the live-streaming on social media of the mass shooting in New Zealand, the chair of the U.S. House Committee on Homeland Security wrote a letter to top executives of four major technology companies urging them to do a better job of removing violent political content.
Categories: Financial Media

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

Tue, 03/19/2019 - 21:10
Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain a delay on Brexit.
Categories: Financial Media

Viacom warns customers channels may go dark on DirecTV

Tue, 03/19/2019 - 21:06
Viacom Inc said on Tuesday it has begun warning viewers that its channels could go dark on AT&T Inc-owned DirecTV if it fails to reach a new contract by midnight March 22.
Categories: Financial Media

Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes

Tue, 03/19/2019 - 20:49
Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Categories: Financial Media

GM to invest $2.7 billion in Sao Paulo, Brazil factories over five years

Tue, 03/19/2019 - 20:47
General Motors Co said on Tuesday it would invest $2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker's operations, a decision hailed by the governor of Brazil's largest state.
Categories: Financial Media

Exclusive: Lyft's IPO oversubscribed after two days - sources

Tue, 03/19/2019 - 20:41
Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday.
Categories: Financial Media

IKEA ramps up Mexico launch plans, targets capital and major cities

Tue, 03/19/2019 - 20:36
IKEA is scouting Mexico's biggest cities for its first store locations in the country, the furniture retailer said, as it expands in Latin America to battle growing competition in its core U.S. and European markets.
Categories: Financial Media

Trump set to name former Delta executive to head FAA: sources

Tue, 03/19/2019 - 20:13
U.S. President Donald Trump is expected nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA) as early as Tuesday, two people briefed on the matter said.
Categories: Financial Media

Makeup brand Glossier valued at over $1 billion in latest funding round

Tue, 03/19/2019 - 19:17
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders' social-media popularity.
Categories: Financial Media

U.S. transportation chief seeks audit of Boeing 737 MAX certification

Tue, 03/19/2019 - 19:14
U.S. Transportation Secretary Elaine Chao said on Tuesday she had asked the department's inspector general to audit the Federal Aviation Administration's certification of the Boeing 737 MAX after two fatal crashes involving the jet since October.
Categories: Financial Media

Stakes rise for Boeing as EU, Canada step up scrutiny

Tue, 03/19/2019 - 18:22
Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Categories: Financial Media

Hopes of accommodative Fed spur Wall Street to five-month highs

Tue, 03/19/2019 - 17:58
The S&P 500 and Nasdaq held at five-month highs on Tuesday as investors hoped the Federal Reserve would stick to its patient stance at the end of a two-day policy meeting this week, shrugging off mixed reports on the U.S.-China trade talks.
Categories: Financial Media

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

Tue, 03/19/2019 - 17:40
The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it had fined Citigroup $25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race, color or other factors.
Categories: Financial Media

General Motors to invest $2.7 billion in Brazil's Sao Paulo over five years

Tue, 03/19/2019 - 17:26
General Motors Co said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants in Sao Paulo state over the next five years, reversing what the state's governor said was a previous plan to shut down the plants, potentially costing 65,000 jobs.
Categories: Financial Media

Colombian proposal to ditch NY coffee price may send buyers elsewhere

Tue, 03/19/2019 - 17:06
A proposal by Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.
Categories: Financial Media

Aluminum maker Hydro battles to contain ransomware attack

Tue, 03/19/2019 - 16:04
Norsk Hydro, one of the world's largest aluminum producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business and industry.
Categories: Financial Media

Hopes of Fed standing pat on rate hikes drive Wall Street higher

Tue, 03/19/2019 - 15:47
Wall Street's main indexes climbed on Tuesday, as investors hoped for a more accommodative policy stance at the end of the Federal Reserve's two-day meeting this week.
Categories: Financial Media

Lenders and travelers stick with Ethiopian Airlines, for now

Tue, 03/19/2019 - 15:44
Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people.
Categories: Financial Media

Ethiopian crash crew's voices may unlock high-stakes Boeing inquiry

Tue, 03/19/2019 - 15:42
The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.
Categories: Financial Media

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