December 18, 2019

Despite IPO flameouts, 2019 sets record for U.S. unicorn births

Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019. […]
December 18, 2019

Indian tribunal backs Mistry’s reinstatement as chairman of Tata Sons

Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated […]
December 18, 2019

Dollar gains on Fed rates view; stocks edge higher

The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended […]
December 18, 2019

Airbus sees strong sales haul this year on Asia demand, long-range A321

Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior […]
December 18, 2019

Daimler agrees to $20 million settlement over U.S. vehicle recalls

Daimler AG’s Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into […]
December 18, 2019

Saturday before Christmas expected to be the biggest U.S. shopping day of 2019

U.S. retailers are expected to ring up record sales on Super Saturday this year, as fewer days than usual between Thanksgiving and Christmas have squeezed shoppers […]
December 18, 2019

Canada’s SNC-Lavalin unit to plead guilty to fraud charge in Libya case: La Presse

An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, […]
December 18, 2019

Oil steadies on U.S. crude inventories fall, demand hopes

Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on […]
December 18, 2019

FedEx shares fall as outlook cut spooks investors

Shares of FedEx Corp fell nearly 10% on Wednesday after the world’s largest packaging company cut its 2020 profit forecast for the second time as it […]
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