January 18, 2019

Shutdown clouds outlook for consumer-driven U.S. economic growth

After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic […]
January 18, 2019

Asia stocks rise broadly on U.S.-China trade relief

Asian stocks rose across the board on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute […]
January 18, 2019

India’s Sun Pharma tumbles on report of fresh allegations by whistleblower

Shares of India’s Sun Pharmaceutical Industries Ltd slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a […]
January 18, 2019

Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies

Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp […]
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 […]
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