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 […]
March 29, 2019

U.S., China hold ‘constructive’ trade talks in Beijing

U.S. Treasury Secretary Steven Mnuchin held “constructive” talks in Beijing, he said on Friday, concluding the latest round of dialogue aimed at resolving the bitter trade […]
March 29, 2019

U.S. authority sent Nordea and SEB information requests: Bloomberg

New York’s financial regulator has sent letters to Nordic banks Nordea and SEB asking for detailed information about their dealings with Danske Bank, Bloomberg reported, citing […]
March 29, 2019

H&M beats profit forecasts after it curbs discounts

Swedish fashion retailer H&M reported a much smaller than expected fall in first-quarter pretax profit on Friday as it sold more products at full price and […]
March 29, 2019

Tour operator Tui warns on profit after 737 MAX grounding

Tour operator Tui AG on Friday warned it would take a 200 million euro ($225 million) profit hit in 2019 due to the grounding of Boeing’s […]
March 29, 2019

Huawei urges U.S. to drop ‘loser’s attitude’ as carrier business revenue slips

China’s Huawei Technologies called on Washington to drop the “loser’s attitude” and once again rubbished U.S. allegations its gear could be used by Beijing for spying, […]
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