May 23, 2019

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low

Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s […]
May 23, 2019

U.S. farmers to receive $14.5 billion in direct trade aid payments

The U.S. Department of Agriculture said on Thursday that farmers will receive $14.5 billion in direct payments as part of a $16 billion aid package designed […]
May 23, 2019

Musk’s leaked email shows Tesla to make record deliveries in second quarter

Tesla Inc is on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final […]
May 23, 2019

U.S. home sales, manufacturing stumble; labor market strong

Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in […]
May 23, 2019

Novartis CEO sees chance to accelerate profit margin target

Novartis could reach its main drugs business’s margin target “a little sooner” than 2022, as it now forecasts, as it cuts costs and as new drugs […]
May 23, 2019

Novartis CEO sees China M&A hampered by data, regulatory standards

Novartis Chief Executive Vas Narasimhan said takeover targets in China for global pharmaceuticals companies are scarce due to little drug discovery by local firms, worries over […]
May 23, 2019

Wall Street slides on fears of likely U.S.-China tech cold war

Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a […]
May 23, 2019

Veteran German auto boss joins board of U.S. self-driving software startup

A company working to make open-source self-driving software reliable enough to be used in commercially available vehicles said it had hired a former German car boss […]
May 23, 2019

Morgan Stanley shareholders vote to approve executive pay, director

Morgan Stanley said on Tuesday that more than 95 percent of shares voted to approve its executive compensation packages and that all of its directors were […]
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