August 27, 2019

Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

The U.S. central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump’s trade agenda by refusing to “play […]
August 27, 2019

BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp

British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region […]
August 27, 2019

U.S. yield inversion deepens, stokes recession fears

The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall […]
August 27, 2019

SEC fines audit firm RSM $950,000 to settle independence violation claim

The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated the […]
August 27, 2019

Wall Street slips as financials fall, trade hopes flicker

Wall Street slipped on Tuesday hurt by a fall in financial stocks, while revived worries about a U.S. recession overshadowed early optimism of a resolution to […]
August 27, 2019

Philip Morris in merger talks with Altria; e-cigs at stake

Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies in a bid to […]
August 27, 2019

Qualcomm targets Wi-Fi market in push to expand beyond phones

Qualcomm Inc on Tuesday announced a new range of Wi-Fi chips designed to work with Wi-Fi 6, the newest version of the technology and one that […]
August 27, 2019

U.S. consumer confidence falls but only slightly despite trade fight

U.S. consumer confidence fell less than expected in August, with households still upbeat about the labor market despite an escalation in trade tensions, which has cast […]
August 27, 2019

U.S. appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore

A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs , JPMorgan Chase , mining company Glencore and other companies of […]
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