November 15, 2018

Wells Fargo plans 1,000 U.S. job cuts

Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to […]
November 15, 2018

USTR Lighthizer denies he said China tariffs on hold

U.S. Trade Representative Robert Lighthizer did not tell business executives that another round of tariffs on Chinese imports is on hold, a USTR spokesperson said on […]
November 15, 2018

Troubled Greek jeweler Folli Follie seeks protection from creditors

Troubled Greek jewelry maker Folli Follie has asked for protection from creditors in order to finalize a restructuring plan, it said in a statement on Thursday. […]
November 15, 2018

Tesla slashes prices on home solar systems to spur sales

Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company […]
November 15, 2018

Brexit fears pummel sterling; boost yen, dollar

Sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European […]
November 15, 2018

Wall Street under pressure from weak earnings, Brexit concerns

U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results […]
November 15, 2018

J.C. Penney gives gloomy outlook before holidays

J.C. Penney Co Inc predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results […]
November 15, 2018

FCC OKs SpaceX, TeleSat Canada bids to expand satellite-based internet service

WASHINGTON (Reuters – The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla chief executive Elon Musk’s Space X, Telesat Canada and two other […]
November 15, 2018

Sterling sags on Brexit fears, traders favor yen, dollar

The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the […]
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