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Updated: 49 min 32 sec ago

Fears for Musk's future sink Tesla shares

Fri, 09/28/2018 - 16:33
Shares of Tesla Inc dived 13 percent in early trading on Friday as Wall Street worried a lawsuit from U.S. regulators could force Chief Executive Elon Musk to step down and make it difficult for the loss-making carmaker to raise more capital.
Categories: Financial Media

Tesla five-year credit default swap hits highest price ever

Fri, 09/28/2018 - 16:33
Tesla's 5-year credit default swap <TSLA5YUSAX=MG> hit its highest price ever on Friday, the morning after it was announced that the Securities and Exchange Commission was suing the company's Chief Executive Elon Musk and pushing for his ouster.
Categories: Financial Media

Takeda's $62 billion Shire bid faces November 6 EU antitrust deadline

Fri, 09/28/2018 - 16:30
EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical's $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
Categories: Financial Media

Bank of America restricts trading in penny stocks

Fri, 09/28/2018 - 16:29
Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
Categories: Financial Media

U.S. stock options volume on pace for a record year

Fri, 09/28/2018 - 16:14
The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showed on Friday.
Categories: Financial Media

Wall Street swings to gains as health, energy stocks rise

Fri, 09/28/2018 - 16:06
U.S. stocks reversed losses to trade slightly higher on Friday morning, helped by gains in energy and healthcare companies.
Categories: Financial Media

Dollar gains on euro woes, Fed rate outlook

Fri, 09/28/2018 - 16:03
The dollar climbed to a two-week peak versus a basket of currencies on Friday, boosted by gains against the euro amid concerns about the Italian budget and a U.S. interest rate outlook that reflects multiple rate hikes until 2020.
Categories: Financial Media

Professional queuers left out in the cold at Moscow iPhone launch

Fri, 09/28/2018 - 15:57
Hundreds of Russians braved the cold and rain to queue for days outside a Moscow phone store ahead of the release of the new Apple iPhones on Friday, but when the doors opened none stepped in to buy.
Categories: Financial Media

VW board delays decision on Audi CEO Stadler's future: source

Fri, 09/28/2018 - 15:31
Volkswagen's supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi , a person familiar with the matter said.
Categories: Financial Media

Split marks only first step in Thyssenkrupp renewal

Fri, 09/28/2018 - 15:26
Thyssenkrupp still has a long road ahead of it trying to raise margins and profits in its mediocre business divisions, investors and analysts said, adding a landmark move to split itself in two needed to be followed by changes to strategy.
Categories: Financial Media

Lockheed agrees to cut price for new F-35 fighter jets: Pentagon

Fri, 09/28/2018 - 15:24
The Pentagon and Lockheed Martin announced a $11.5 billion deal for 141 F-35 fighter jets, the biggest batch yet, lowering the price for the most common version of the stealthy jet by 5.4 percent to $89.2 million each, the Pentagon said on Friday.
Categories: Financial Media

Musk would not give up chairman role to settle SEC lawsuit: CNBC

Fri, 09/28/2018 - 15:11
Tesla Inc Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources.
Categories: Financial Media

Global M&A volume drops in third-quarter as trade tensions loom

Fri, 09/28/2018 - 14:56
Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals.
Categories: Financial Media

U.S.-Mexico trade deal text to exclude Canada, irritating U.S. lawmakers

Fri, 09/28/2018 - 14:19
The Trump administration is expected to release the text of its trade agreement with Mexico as early as Friday, launching a contentious congressional approval process as it tries to coax Canada into a revamped North American Free Trade Agreement.
Categories: Financial Media

Wall Street and oil take third quarter spoils but bears maul others

Fri, 09/28/2018 - 14:16
Wall Street and oil were the big financial market winners in the third quarter of 2018, while trade tensions, emerging market crises and central bank policy tightening tipped several other assets into bear markets.
Categories: Financial Media

Italy budget worries hit European markets

Fri, 09/28/2018 - 13:19
Italy's government bonds, European stock markets and the euro were hit hard on Friday after Rome agreed to set a higher than expected budget deficit target that could put it on a collision course with Brussels.
Categories: Financial Media

Exclusive: Insider favored as Airbus speeds up CEO search - sources

Fri, 09/28/2018 - 13:08
Airbus is moving swiftly toward appointing planemaking head Guillaume Faury as its next chief executive after accelerating the search for a successor to outgoing Tom Enders to address a growing leadership vacuum, people familiar with the matter said.
Categories: Financial Media

Novo Nordisk to cut 250 jobs in the United States

Fri, 09/28/2018 - 12:58
Denmark's Novo Nordisk will cut around 250 jobs in the United States, a spokesman told Reuters on Friday, adding the drugmaker would also hire an as-yet undetermined number of staff to new positions.
Categories: Financial Media

Ryanair strikes disrupt 40,000 passengers across Europe

Fri, 09/28/2018 - 12:54
A staff walkout at low-cost carrier Ryanair grounded planes in six European countries on Friday, disrupting the plans of more than 40,000 passengers.
Categories: Financial Media

U.S.-China trade war triggers seafood supply chain shake-up

Fri, 09/28/2018 - 12:27
The U.S.-China trade war has triggered a seafood supply chain shake-up, with U.S. importers scrambling to stockpile frozen Chinese squid and tilapia ahead of looming price increases while Canada exports more lobsters to China.
Categories: Financial Media