March 11, 2019

Wells Fargo CEO to detail customer remediation to U.S. Congress

Wells Fargo & Co Chief Executive Tim Sloan will tout the bank’s progress in repaying wrongly charged customers and highlight changes to its risk management structure […]
March 11, 2019

Barrick ends hostile bid for Newmont, signs Nevada joint venture

Barrick Gold Corp withdrew its $18 billion bid for its biggest rival Newmont Mining Corp, ending a hostile and bitter takeover effort that sought to unite […]
March 11, 2019

Heavyweight Boeing pressures Dow, while tech lifts S&P & Nasdaq

The Dow Jones Industrial index fell on Monday as shares of the world’s largest planemaker tumbled after a second deadly crash in just five months, but […]
March 11, 2019

U.S. retail sales rise in January; December revised sharply lower

U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker […]
March 11, 2019

Auto woes drive dip in German industrial output as Brexit nears

Plunging car output drove an unexpected drop in production of German goods in January and an industry body cut its 2019 growth forecast, adding to signs […]
March 11, 2019

Boeing shares down 10 percent after second 737 MAX crash

Shares of Boeing Co slid 10 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes following the […]
March 11, 2019

Global airlines’ reaction to Ethiopian Airlines crash

China and Indonesia have grounded Boeing 737 MAX 8 aircraft operated by their airlines in reaction to the fatal crash of a plane of the same […]
March 11, 2019

Two top shareholders skeptical of Deutsche-Commerzbank merger: sources

Two top shareholders in Deutsche Bank are skeptical about a merger with its rival Commerzbank, doubting that such a combination would guarantee higher returns, people familiar […]
March 11, 2019

Shares stabilize after worst week of year, Brexit stresses sterling

Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from […]
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