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Updated: 2 hours 46 sec ago

Fed looks to avoid crossed signals at policy meeting

Sun, 03/17/2019 - 11:24
Only two things will really matter when Federal Reserve Chairman Jerome Powell strides to the podium for his press conference on Wednesday after the end of the U.S. central bank's latest two-day policy meeting: Dots and bonds.
Categories: Financial Media

Deutsche Bank set to announce merger talks with Commerzbank: source

Sun, 03/17/2019 - 09:30
Deutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
Categories: Financial Media

OPEC's Barkindo says rebound in oil investments 'very minimal'

Sun, 03/17/2019 - 09:28
The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
Categories: Financial Media

OPEC's Barkindo says compliance with supply cut deal improving

Sun, 03/17/2019 - 09:28
OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories.
Categories: Financial Media

Saudi Falih optimistic on continued commitment to OPEC+ oil supply cut

Sun, 03/17/2019 - 08:42
Saudi Arabia's energy minister said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and non-OPEC members.
Categories: Financial Media

Lyft to launch road show for up to $2 billion IPO: sources

Sun, 03/17/2019 - 08:06
Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter.
Categories: Financial Media

PG&E close to reshaping leadership with investor backing: WSJ

Sun, 03/17/2019 - 00:14
PG&E Corp is close to naming a new chief executive officer and revamping its board backed by some of its largest investors, the Wall Street Journal said on Saturday, as the power utility restructures after filing for bankruptcy because of potential liabilities from California wildfires.
Categories: Financial Media

Amazon's second headquarters clears blocks in Virginia funding vote

Sun, 03/17/2019 - 00:08 Inc's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition. Amazon in November picked National Landing, a site jointly owned by Arlington County and the city of Alexandria, just outside Washington, along with New York City for its so-called HQ2 or second headquarters. That followed a year-long search in which
Categories: Financial Media

Trump urges General Motors to reopen Ohio plant in tweet

Sat, 03/16/2019 - 21:48
U.S. President Donald Trump urged General Motors Co to reopen Ohio plant in a tweet on Saturday, ten days after the plant made its last Chevrolet Cruze.
Categories: Financial Media

Banca d'Italia orders client stop at ING in fight against money laundering

Sat, 03/16/2019 - 21:36
The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior.
Categories: Financial Media

Investor group calls on Lyft to scrap dual-class share structure plan: FT

Sat, 03/16/2019 - 16:49
A group of investors has called on Lyft Inc's board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday.
Categories: Financial Media

Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices - sources

Sat, 03/16/2019 - 16:28
India's antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.
Categories: Financial Media

Apple Watch detects irregular heart beat in large U.S. study

Sat, 03/16/2019 - 14:09
The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc , demonstrating a potential future role for wearable consumer technology in healthcare.
Categories: Financial Media

Amazon's second headquarters faces new blocks in Virginia funding vote

Sat, 03/16/2019 - 10:11 Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.
Categories: Financial Media

BMW, Mercedes-Benz lower prices in China after VAT drop

Sat, 03/16/2019 - 06:14
BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country's value-added tax (VAT) starting on April 1.
Categories: Financial Media

Boeing 737 MAX software patch expected before end-March: sources

Sat, 03/16/2019 - 03:10
Boeing Co plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said.
Categories: Financial Media

Wall Street weekahead: U.S. funds focus on media stocks, banks to find value as mid-caps rally

Sat, 03/16/2019 - 01:03
The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages.
Categories: Financial Media

Buffett's Berkshire says vice chairmen Jain, Abel each make $18 million

Fri, 03/15/2019 - 22:37
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate's chief executive.
Categories: Financial Media

Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash

Fri, 03/15/2019 - 21:57
The grounding of Boeing's 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday.
Categories: Financial Media

Con Edison faces potential fine over breaches of safety rules

Fri, 03/15/2019 - 21:36
Energy company Consolidated Edison Inc could face a possible fine over accusations of lapses in safety rules related to gas infrastructure work in New York City, a local regulator said on Friday.
Categories: Financial Media