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Exxon holders reject separate CEO-chairman, climate resolutions

May 29, 2019 by  
Filed under News

Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the chief executive officer and board chairman roles at the largest publicly traded oil producer.


Source: Reuters Business News

Global stocks drop, bonds rally as trade tensions fan growth fears

May 29, 2019 by  
Filed under News

Fears that an escalating trade war between the United States and China will slash global economic growth pulled world stock markets down to near two-and-a-half-month lows on Wednesday and continued to feed a rally in safe-haven government bonds.


Source: Reuters Business News

Wells Fargo adds former Bank of America executive to board

May 29, 2019 by  
Filed under News

Wells Fargo & Co said on Wednesday the bank’s board of directors had elected former Bank of America Corp executive Charles Noski to join the board.


Source: Reuters Business News

'We had no idea': overdose victim's dad testifies in J&J Oklahoma opioid trial

May 29, 2019 by  
Filed under News

The father of a university football player who died of a drug overdose provided emotional testimony about the U.S. opioid epidemic’s personal cost on Wednesday during the second day of trial in a lawsuit by the state of Oklahoma accusing Johnson & Johnson of fueling the crisis.


Source: Reuters Business News

WeWork looking for $2.75 billion credit line ahead of IPO: Bloomberg

May 29, 2019 by  
Filed under News

Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.


Source: Reuters Business News

Global stocks weighed down by concerns over trade, Italian budget

May 28, 2019 by  
Filed under News

Mixed trading in benchmark U.S. indexes was not enough to turn global stock markets higher Tuesday as concerns about Italy’s budget and the fate of U.S.-China trade talks continued to weigh on investor sentiment, pushing safe haven U.S. Treasury yields to their lowest levels since October 2017.


Source: Reuters Business News

Airbus moves staff to help secure Hamburg jet output: sources

May 28, 2019 by  
Filed under News

Airbus is mobilizing staff from outside Germany to assist with a tricky production ramp-up of A321 passenger jets at its plant in Hamburg, industry sources said.


Source: Reuters Business News

France pledges to fight for plant where GE plans 1,044 job cuts

May 28, 2019 by  
Filed under News

French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co (GE) factory in eastern France where more than 1,000 posts are threatened.


Source: Reuters Business News

U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC Automotive

May 28, 2019 by  
Filed under News

U.S. auto sales are expected to drop 2.1% in May from the year-ago period, as higher prices keep buyers at bay, according to industry consultants J.D. Power and LMC Automotive.


Source: Reuters Business News

Strong labor market boosts U.S. consumer confidence

May 28, 2019 by  
Filed under News

Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.


Source: Reuters Business News

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