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Updated: 2 hours 15 min ago

FTC's antitrust chief, who spearheaded tech task force, to step down

Fri, 10/11/2019 - 19:24
The Federal Trade Commission, which works with the Justice Department to enforce antitrust law, will lose the head of the Bureau of Competition next month, Chairman Joe Simons said in a statement on Friday.
Categories: Financial Media

Space firm founded by billionaire Paul Allen sold to new owner

Fri, 10/11/2019 - 19:19
Stratolaunch Systems Corp, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, said on Friday it was continuing operations after transitioning ownership, but did not name the new owner.
Categories: Financial Media

Digital assets subject to money-laundering, disclosure laws: U.S. regulators

Fri, 10/11/2019 - 19:05
Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.
Categories: Financial Media

FAA must ramp up staffing to oversee airplane certification after 737 MAX: panel

Fri, 10/11/2019 - 19:03
The U.S. Federal Aviation Administration had insufficient personnel to oversee the certification of new Boeing airplanes and should make significant reforms in how it approves new airplanes, an international aviation panel said Friday.
Categories: Financial Media

Renault ousts CEO in drive to reboot Nissan alliance

Fri, 10/11/2019 - 18:59
Renault ousted chief executive Thierry Bollore on Friday, as the French carmaker and its Japanese partner Nissan seek to rekindle their alliance following the scandal-hit tenure of former alliance supremo Carlos Ghosn.
Categories: Financial Media

WeWork to close its WeGrow elementary school in New York next year

Fri, 10/11/2019 - 18:57
WeWork said on Friday it will shut down its WeGrow private school in New York City after the current school year, as the company focuses on its main office-sharing business.
Categories: Financial Media

China has invited Lighthizer, Mnuchin for further trade talks: CNN

Fri, 10/11/2019 - 18:38
Beijing has officially invited U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and their teams for further trade talks in China, a CNN reporter said in a tweet on Friday.
Categories: Financial Media

Stocks bask in 'warmer feelings' from trade talks, Brexit deal hopes

Fri, 10/11/2019 - 17:52
Global stocks and the euro rallied on Friday on signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Categories: Financial Media

International panel report faults FAA approval of Boeing 737 MAX

Fri, 10/11/2019 - 17:34
The U.S. Federal Aviation Administration on Friday released a report by an international aviation panel that criticized the agency's certification of the Boeing 737 MAX and faulted assumptions made by the airplane manufacturer.
Categories: Financial Media

Oil rises 2% after reports of Iranian tanker attack

Fri, 10/11/2019 - 17:28
Oil prices rose about 2% on Friday after Iranian media said a state-owned oil tanker had been attacked in the Red Sea near Saudi Arabia, pushing Brent crude above $60 a barrel for the first time this month.
Categories: Financial Media

GM appeals directly to employees as strike losses mount, riling UAW

Fri, 10/11/2019 - 17:27
General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker's latest offer aimed at ending a month-long strike, angering the union with which it is negotiating.
Categories: Financial Media

Trump sees 'good things' in trade talks; China dangles partial deal

Fri, 10/11/2019 - 17:26
U.S. President Donald Trump sounded an optimistic note on Friday as high-level trade talks with China entered a second day, while Beijing indicated it was open to a "partial" deal that would avoid a planned hike in tariffs on its goods this month.
Categories: Financial Media

Chinese delegation departs USTR building as U.S. trade talks conclude

Fri, 10/11/2019 - 17:25
Chinese officials, led by Vice Premier Liu He, departed the U.S. Trade Representative's office on Friday, signaling that two days of U.S.-China trade talks had concluded.
Categories: Financial Media

British regulator reviews JPMorgan metals trading amid U.S. probe: sources

Fri, 10/11/2019 - 17:14
Britain's financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co traders following criminal charges by U.S. authorities, according to two people familiar with the matter.
Categories: Financial Media

Wall Street rallies on trade deal hopes; Apple hits record high

Fri, 10/11/2019 - 16:56
Wall Street rose for the third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases.
Categories: Financial Media

Two California wildfires destroy homes near Los Angeles, leaving at least one dead

Fri, 10/11/2019 - 16:49
A pair of wildfires has destroyed dozens of homes near Los Angeles, killed a man and forced some 100,000 residents to evacuate, fire officials said on Friday, days after power cuts were ordered across the state to prevent fires.
Categories: Financial Media

Take Five: Time to talk

Fri, 10/11/2019 - 15:09
Sterling bulls could be forgiven if they thought Christmas had arrived early.
Categories: Financial Media

Trump says U.S.-China trade talks are going well

Fri, 10/11/2019 - 14:56
U.S. President Donald Trump said on Friday that U.S.-China trade talks were going well as the second day of top-level negotiations aimed at rolling back tensions between the world's two largest economies begins.
Categories: Financial Media

Citigroup names global co-heads for its equity capital markets business

Fri, 10/11/2019 - 14:45
Citigroup Inc on Friday named Douglas Adams and James Fleming global co-heads of its equity capital markets business, which helps companies raise money through IPOs and private placements.
Categories: Financial Media

Wall St. opens higher on trade war de-escalation bets

Fri, 10/11/2019 - 14:33
U.S. stocks opened strongly on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases.
Categories: Financial Media