March 29, 2019

Lyft shares surge 21.2 percent on Nasdaq debut after IPO

Lyft Inc shares on Friday opened up 21.2 percent at $87.24 in its market debut on the Nasdaq after the company was valued at $24.3 billion […]
March 29, 2019

Recharged bulls give stocks, commodities flying start to year

What goes down must come up! Three months after one of the worst years on record, investors have seen world stocks and key commodity markets roar […]
March 29, 2019

Starboard abandons campaign to scuttle Bristol-Myers-Celgene deal

Activist hedge fund Starboard Value LP on Friday abandoned a campaign to convince Bristol-Myers Squibb Co shareholders to vote down the drugmaker’s proposed $74 billion takeover […]
March 29, 2019

U.S. consumer spending soft, inflation benign as economy slows

U.S. consumer spending barely rose in January and income increased modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth […]
March 29, 2019

U.S. new home sales rise to 11-month high in February

Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were […]
March 29, 2019

Starboard no longer urging investors to vote against Bristol-Celgene deal

Activist hedge fund Starboard Value LP said on Friday it will no longer urge shareholders to oppose Bristol-Myers Squibb Co’s plans to buy Celgene Corp, even […]
March 29, 2019

Outsider CEO won’t be an instant fix for Wells Fargo: analysts

Wells Fargo & Co’s plans to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but […]
March 29, 2019

Cost of Boeing groundings rises as TUI takes $200 million-plus hit

Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore […]
March 29, 2019

BP CEO Dudley’s 2018 pay slips to $14.7 million

BP Chief Executive Bob Dudley’s pay package slipped to $14.7 million last year from $15.1 million in 2017, even though the oil and gas company’s profits […]
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