December 18, 2018

FedEx cuts 2019 earnings forecast on economic slowdown

U.S. package delivery company FedEx Corp on Tuesday cut its 2019 forecast after Europe’s economy weakened and the U.S. trade skirmish exacerbated a slowdown in China, […]
December 18, 2018

Sears to take $443 million in charges arising from store closures

Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. Powered by […]
December 18, 2018

S&P flat as government shutdown threat, Fed decision loom

The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised […]
December 18, 2018

German auto supplier to plead guilty, pay $35 million fine in VW emissions case

German auto supplier IAV Gmbh has agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG in its effort to […]
December 18, 2018

IPO activity next year could dampen if markets do not rebound: report

The excitement of proposed initial public offerings by ride-hailing rivals Uber and Lyft next year may not be enough to encourage other firms to follow suit, […]
December 18, 2018

Equity markets edge up, oil drops, on growth worries ahead of Fed meeting

World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Federal Reserve will be able to raise interest rates much further […]
December 18, 2018

Oil drops on oversupply, equities sell-off

Oil prices fell on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets […]
December 18, 2018

Volkswagen may have to step up electric car plans to meet EU CO2 targets

Volkswagen may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from […]
December 18, 2018

Trump pressures Fed before meeting, warns against ‘another mistake’

U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the […]
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