(Full Story) After several volatile sessions that at one point pushed the S&P 500 to its lowest level since October 2014, the three major U.01 while the S&P 500.
private equity firm Carlyle (CG.O) is in advanced talks about buying Innovation Group TIG.
LONDON (Reuters) - Credit rating firm Moody’s cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.8 percent on average, versus the 3 percent it had forecast previously.
DE) Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank (DBKGn.They want to establish whether Deutsche Bank sought a mandate to restructure and sell parts of the Kirch empire and now want to question executives at rival media companies, prosecutors said on Friday.
“At the date of this report, the year to date investment performance has been erased, and the Company is at a loss position for the year,” Ackman’s Pershing Square Capital Management said in its interim financial statement released to investors on Wednesday afternoon.Despite the sharp market moves, Pershing Square, which holds only a small number of investments at a time, has “made no meaningful recent changes to (our) current portfolio holdings,” Ackman said in the financial statement.
LOS ANGELES (Reuters) - McDonald’s Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.” The fast-food giant said it was working with Tyson to investigate the situation further.
PA) is delaying the delivery of Russian carrier Transaero Airline’s (TAER.MM) first A380 superjumbo, an Airbus spokeswoman said on Wednesday, as the recession-hit Russian economy dents travel demand in the region.
But the benefit is being felt mainly by India’s dominant players like Maruti Suzuki India Ltd (MRTI.Passenger car sales in India rose 5 percent in the year to end-March, but global carmakers Renault, GM, Volkswagen, Skoda and Ford reported a double-digit decline, industry data showed.
Wall Street trading was volatile and the S&P 500 ended down 1.Beijing heeded investor calls for intervention after the Shanghai Composite Index slumped again on Tuesday, but the index still ended down 7.
General Electric (GE) will seek compensation for any losses incurred by its Polish arm Bank BPH because of the planned conversion of Swiss-franc denominated mortgages into zlotys, which is being decided by the Polish parliament.“The GE Group intends to seek full compensation for any damage caused by the adoption and signing of the bill,” the letter, published online by the Polish Senate read.
About half of those losses were incurred in the past two sessions as plummeting Chinese equities sparked a selloff across global markets.Kearney’s Oil & Gas Practice said, giving a reason for the rebound.
The data could be skewed if workers under-counted tips or bonuses, Glassdoor said.Its CEO, David Zaslav, was the highest paid among S&P 500 companies last year, at $156 million.
TOKYO (Reuters) - Toyota Motor Corp said on Tuesday it is testing air-bag inflators made by Autoliv and Nippon Kayaku Co as possible alternatives to potentially lethal parts supplied by Takata Corp.A spokeswoman for Japan’s biggest automaker said the company wanted to ensure the parts were compatible with its vehicles before using them.
NEW YORK (Reuters) - A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S.
N) on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.military spending and delays in commercial satellite orders.
Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day drop in nearly four years.“Monetary policies have been very expansive in recent years and an adjustment is necessary,” said Carlo Cottarelli, an IMF executive director representing countries such as Italy and Greece on its board.
reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent.Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.
NEW YORK (Reuters) - A former president of a failed New York bank was sentenced to 2-1/2 years in prison on Thursday after becoming the first person to be convicted for trying to defraud the U.Charles Antonucci, Park Avenue Bank’s former president, was ordered to serve prison time by U.
HELSINKI (Reuters) - Microsoft Corp (MSFT.O) on Friday confirmed it will close Nokia Oyj’s (NOKIA.
(Reuters) - FedEx (FDX.N) pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association (ALPA) said.