June 7, 2019

UBS switches stance with plan to offer $113 million tax settlement in Italy

UBS looks set to agree a 100 million euro ($113 million) settlement of a money laundering and tax case in Italy within the next few weeks, […]
June 7, 2019

Anadarko pressed Occidental for cash, expecting investor opposition: filing

Anadarko Petroleum repeatedly spurned rival Occidental Petroleum’s approaches and pushed for all-cash offers, fearing the market’s reaction to the blockbuster $38 billion deal, according to securities […]
June 7, 2019

Wall Street rallies on rate cut hopes, trade optimism

Wall Street’s main indexes rose about 1% on Friday, as a sharp slowdown in U.S. job growth raised hopes of an interest rate cut, with Washington’s […]
June 7, 2019

Traders bet U.S. hiring slowdown will speed Fed rate cuts

The Federal Reserve is just about done being patient. Powered by WPeMatico
June 7, 2019

Weak U.S. employment report casts pall over economy

U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading […]
June 7, 2019

U.S. May payrolls rose less than expected

U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor […]
June 7, 2019

U.S.-Mexico migration talks continue as tariff deadline looms

U.S. and Mexican negotiators resumed migration talks on Friday as the two sides edged closer to a trade war that could hobble both countries’ economies and […]
June 7, 2019

France’s Sanofi bets on new CEO to drive sluggish drug sales

In veteran drug salesman Paul Hudson, Sanofi’s 100,000-plus employees are getting a new chief executive who relishes a good commercial fight. Powered by WPeMatico
June 7, 2019

Wall Street rises on rate-cut hopes, China tariff delay

U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, […]
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