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Trump says 'big progress' on possible China trade deal

December 29, 2018 by  
Filed under News

U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well.


Source: Reuters Business News

Sears Chair Lampert makes $4.4 billion bid to keep retailer alive

December 28, 2018 by  
Filed under News

Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said on Friday.


Source: Reuters Business News

U.S. retirees try to keep cool as stocks tumble

December 28, 2018 by  
Filed under News

Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president.


Source: Reuters Business News

Defensive stocks top 2019 playbooks

December 28, 2018 by  
Filed under News

Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street’s cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019.


Source: Reuters Business News

Dick's Sporting Goods to end U.S. Olympic sponsorship

December 28, 2018 by  
Filed under News

Sporting goods retailer Dick’s Sporting Goods Inc said on Friday it will not renew its United States Olympic Committee (USOC) sponsorship beyond 2018.


Source: Reuters Business News

Wall Street fights to extend two-day rally

December 28, 2018 by  
Filed under News

U.S. stocks flitted between gains and losses on Friday, struggling to extend their rally to a third straight day and cap a week that is on pace to snap a three-week losing streak.


Source: Reuters Business News

Yankees in talks with Amazon, Sinclair to bid for Yes Network – WSJ

December 28, 2018 by  
Filed under News

The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.


Source: Reuters Business News

Wells Fargo to pay $575 million in settlement with U.S. states

December 28, 2018 by  
Filed under News

Wells Fargo & Co will pay $575 million to settle claims made by U.S. states that the bank created phony accounts and committed other customer abuses, according to a statement by the Iowa attorney general’s office.


Source: Reuters Business News

Tesla names Oracle's Ellison to board, ending U.S. charges

December 28, 2018 by  
Filed under News

Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private.


Source: Reuters Business News

Oil prices steady near year-and-a-half lows ahead of New Year

December 28, 2018 by  
Filed under News

Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about a global glut of crude.


Source: Reuters Business News

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