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Updated: 2 hours 41 min ago

U.S. consumer sentiment rises to 15-year high

Fri, 05/17/2019 - 15:35
U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy's outlook.
Categories: Financial Media

Samsung Electronics says undecided on further investment in its China NAND plant

Fri, 05/17/2019 - 15:24
South Korea's Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying a report by China's official Xinhua news agency.
Categories: Financial Media

Overstock CEO defends personal stock sale after shareholders question move

Fri, 05/17/2019 - 15:12 Inc Chief Executive Officer Patrick Byrne on Friday hit out at shareholders who questioned the sale of a portion of his stake in the company, after the online retailer's shares plunged on Wednesday following the disclosure of his move.
Categories: Financial Media

Wall St. falls after China's tough talk on trade

Fri, 05/17/2019 - 15:03
U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China.
Categories: Financial Media

Oil lifted towards $73 by real and threatened supply cuts

Fri, 05/17/2019 - 14:53
Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise.
Categories: Financial Media

Pinterest shares tumble as profit seen elusive

Fri, 05/17/2019 - 14:49
Pinterest Inc's shares slumped as much as 17% on Friday after the online scrapbook company's disappointing annual forecast shook investors' faith in its ability to turn in a profit soon.
Categories: Financial Media

AbbVie halts enrollment after brain cancer trial misses goal, shares fall

Fri, 05/17/2019 - 14:19
AbbVie Inc said on Friday it has halted enrollment of patients in all ongoing studies testing its brain cancer treatment after the drug failed to meet the main goal in a late-stage trial.
Categories: Financial Media

IATA chief says trade tensions to hit 2019 airline profit outlook

Fri, 05/17/2019 - 13:12
The head of global airlines lobby IATA warned on Thursday of lower industry forecasts for 2019, triggered by increasing trade tensions and higher costs.
Categories: Financial Media

Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

Fri, 05/17/2019 - 13:07
Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash.
Categories: Financial Media

Shares swoon as Beijing ramps up war of words

Fri, 05/17/2019 - 12:43
World share markets suffered a fresh bout of risk aversion on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain whipped the pound towards its worst week since October.
Categories: Financial Media

Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him

Fri, 05/17/2019 - 12:39
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.
Categories: Financial Media

Deere blames escalating trade war for worsening outlook

Fri, 05/17/2019 - 12:38
Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for Deere's equipment.
Categories: Financial Media

Samsung to spend more than $14 billion in second phase of China chip plant: Xinhua

Fri, 05/17/2019 - 12:24
South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China's official Xinhua news agency reported on Friday citing a Samsung executive.
Categories: Financial Media

After Huawei blow, China says U.S. must show sincerity for talks

Fri, 05/17/2019 - 12:16
The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei.
Categories: Financial Media

Italy's deputy PM Salvini: would be proud of a UniCredit bid for Commerzbank

Fri, 05/17/2019 - 12:12
Italy's Deputy Prime Minister and League leader Matteo Salvini said he would hail a takeover bid by Italy's UniCredit for German rival Commerzbank.
Categories: Financial Media

Oil lifted to $73 by real and threatened supply cuts

Fri, 05/17/2019 - 12:10
Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.
Categories: Financial Media

Turmoil at Thyssenkrupp marks battle for Germany's economic identity

Fri, 05/17/2019 - 12:08
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze
Categories: Financial Media

Carrefour considers sale of stake in China business: sources

Fri, 05/17/2019 - 12:07
Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.
Categories: Financial Media

Futures dip after China's tough stance on trade

Fri, 05/17/2019 - 11:59
U.S. stock index futures dipped on Friday, following three consecutive sessions of gains, as trade worries returned after a Chinese newspaper took a hard stance on the tariff dispute between the United States and China.
Categories: Financial Media

Senior China official says trade war with U.S. could cut growth by 1% point: SCMP

Fri, 05/17/2019 - 11:56
A senior official of China's ruling Communist Party said the trade dispute with the U.S. could reduce China's growth pace this year by as much as 1 percentage point, the South China Morning Post reported on Friday, citing an unnamed source.
Categories: Financial Media