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Sinclair 'did not fully disclose facts' on Tribune merger – FCC

July 19, 2018 by  
Filed under News

Sinclair Broadcast Group Inc “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing.


Source: Reuters Business News

Dollar pulls back after Trump comments, world stocks dip

July 19, 2018 by  
Filed under News

The U.S. dollar pulled back from year-high levels on Thursday against a basket of major currencies, while U.S. Treasury yields briefly fell to session lows after U.S. President Donald Trump expressed concerns about interest rate hikes and the strong dollar.


Source: Reuters Business News

Boeing wins air show as Airbus gets boost from AirAsia

July 19, 2018 by  
Filed under News

Boeing claimed victory on Thursday after outselling rival Airbus at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand.


Source: Reuters Business News

Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

July 19, 2018 by  
Filed under News

Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.


Source: Reuters Business News

All Britain's Poundworld stores to close: administrator

July 19, 2018 by  
Filed under News

All British discount retailer Poundworld’s stores will close by the middle of next month with the loss of thousands of jobs, the company’s administrator Deloitte announced on Thursday.


Source: Reuters Business News

World stocks hit month peak; dollar firms to three-week high

July 18, 2018 by  
Filed under News

A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies.


Source: Reuters Business News

Wall Street traders set for best year since aftermath of crisis

July 18, 2018 by  
Filed under News

Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed.


Source: Reuters Business News

Google, hit with record $5 billion EU antitrust fine, to appeal

July 18, 2018 by  
Filed under News

EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.


Source: Reuters Business News

U.S. tech enforcer says will read 'closely' EU statement on Google

July 18, 2018 by  
Filed under News

The head of the U.S. Federal Trade Commission, which has investigated Alphabet’s Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe’s recent decision to fine the company 4.34 billion euros ($5 billion).


Source: Reuters Business News

Financial, industrial stocks lift S&P 500 above five-month high

July 18, 2018 by  
Filed under News

The benchmark S&P 500 breached a five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter.


Source: Reuters Business News

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