January 18, 2019

MGM hands board seat to activist hedge fund Corvex’s Meister

MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival […]
January 18, 2019

U.S. grand jury indicts four Audi managers in VW emissions probe

A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the […]
January 17, 2019

Bogle’s legacy: Booming index funds with perhaps too much reach

John “Jack” Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively […]
January 17, 2019

Fitch says PG&E’s bankruptcy will not hurt California’s credit rating

Fitch Ratings said on Thursday power company PG&E Corp’s planned bankruptcy will not at this point hurt the credit quality of California. Powered by WPeMatico
January 17, 2019

Nissan to lay off 700 contract workers in Mississippi

Nissan Motor Co Ltd’s U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing […]
January 17, 2019

Wall Street rises on report of U.S. considering end to China tariffs

U.S. stocks advanced on Thursday as a published report that the United States was considering lifting tariffs on Chinese imports lifted investor sentiment. Powered by WPeMatico
January 17, 2019

Walmart partners with four more grocery delivery companies

Walmart Inc said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 […]
January 17, 2019

Hitachi debacle strengthens Franco-Chinese hand in UK nuclear

Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF and its Chinese partner in talks with the […]
January 17, 2019

U.S. stocks edge up on defense, healthcare gains; pound firms

Gains in defense shares as well as healthcare helped to keep U.S. stocks in positive territory on Thursday, while an end to the latest chapter in […]
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