News

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Sat, 23 Feb 2019 10:37:57 GMT

FCA sets $14M annual compensation target for CEO Manley

Fiat Chrysler Automobiles has set an annual target compensation for its CEO Mike Manley that consists of cash, pay and equity bonuses worth $14M, according to the carmaker's regulatory filing.

Sat, 23 Feb 2019 10:36:23 GMT

Microsoft employees seek US Army contract cancellation

Microsoft's employees demanded the tech company on Friday to cancel the $480M worth hardware contract to supply weapons to the US Army.

Sat, 23 Feb 2019 09:01:55 GMT

Intel: 5G modem chips not to appear in mobile phones until next year

Intel executives announced that 5G modem chips are unlikely to appear in phones until 2020, increasing possibility the biggest customer, Apple, will be behind rivals in making a device, which uses the faster networks.

Sat, 23 Feb 2019 08:57:29 GMT

Trump: could include ZTE, Huawei in trade deal

The US President Donald Trump stated that he may not or may include China's telecommunications companies ZTE and Huawei in the trade deal negotiated between China and the US.

Sat, 23 Feb 2019 08:17:16 GMT

China to buy nearly $1.2 trillion in US goods

China agreed to purchase up to $1.2 trillion in the US goods within the current negotiations to cease the trade war between the two countries, CNBC reported.

Sat, 23 Feb 2019 07:44:35 GMT

Germany's business confidence lowest in five years

German business confidence declined markedly the lowest level since 2014, as the worries to the country's management floor kept rising, the Ifo announced.

Sat, 23 Feb 2019 07:24:59 GMT

Dropbox reports better-than-anticipated financial results for Q4

The US cloud storage firm Dropbox released better-than-anticipated financial results for the Q4, with the fourth quarter's revenue growing 23% year-on-year to hit $375.9M.

Sat, 23 Feb 2019 07:21:41 GMT

Chinese house prices stable in January

Home prices in 70 Chinese cities remained largely stable in January, edging up 0.4% month-over-month in January, the NBS report showed.

Sat, 23 Feb 2019 06:28:39 GMT

China's fnancial sector to serve real economy

The Chinese President Xi Jinping stated the the country's financial sector must serve its real economy, state news agency Xinhua reported.

Sat, 23 Feb 2019 06:23:05 GMT

US to recover $38M in assets from case of 1MDB

The US Justice Department stated that it filed complaints for forfeiture and recovery of nearly $38M in assets related to 1MDB case, bringing the assets now subject to forfeiture to a total of about $1.7B.

Fri, 22 Feb 2019 20:51:02 GMT

Wall Street surges on Friday

US shares edged higher on Friday, powered by technology stocks and bets of progress in trade talks between the United States and China.

Fri, 22 Feb 2019 20:50:49 GMT

Oil prices hit three-month high

On Friday, crude oil prices reached its highest level in over three months on signs of progress in the ongoing trade negotiations between China and the United States.

Fri, 22 Feb 2019 20:00:26 GMT

Office of Comptroller of Currency reprimands Japan's MUFG

On Friday, the US Office of Comptroller of the Currency said that it had reprimanded Japan's MUFG Bank over money laundering lapses.

Fri, 22 Feb 2019 20:00:15 GMT

Canada's Barrick Gold Corp considers bidding for Newmont Mining

On Friday, Canada's Barrick Gold Corporation said that it was thinking an all-stock bid for rival Newmont Mining Corporation.

Fri, 22 Feb 2019 19:01:54 GMT

General Motors to extend production plant at Detroit factory

General Motors Co announced on Friday that it had extended the production plant at Detroit factory until early 2020.

Fri, 22 Feb 2019 19:01:44 GMT

British cabinet ministers want May to quit after local elections

According to a report by the Guardian newspaper, UK's top cabinet ministers want the British Prime Minister Theresa May to resign after the local elections.

Fri, 22 Feb 2019 18:02:09 GMT

Kraft Heinz shares decline on Friday

On Friday, Kraft Heinz Co stocks fell to its lowest level, after the company announced $15 billion write-down on its brands.

Fri, 22 Feb 2019 18:00:58 GMT

France expresses reservations over start of EU trade talks with US

On Friday, France expressed reservations on whether the European Union should begin trade talks with the United States.

Fri, 22 Feb 2019 17:06:12 GMT

IAEA report shows Iran is complying with nuclear deal

On Friday, the International Atomic Energy Agency report showed that Iran is still holding up to its end of the nuclear agreement.

Fri, 22 Feb 2019 17:04:19 GMT

UK's Serious Fraud Office abandons GSK and Rolls-Royce investigations

The British Fraud Office has abandoned the investigations into bribery allegations against drugs maker GlaxoSmithKline and Rolls-Royce.

Fri, 22 Feb 2019 15:42:38 GMT

AutoNation replaces CEO

The largest US auto retail chain announced on Friday that Carl Liebert will replace the current long time CEO Mike Jackson. Jackson will take the position of chairman.

Fri, 22 Feb 2019 15:41:50 GMT

Kraft Heinz discloses SEC probe

On Friday, Kraft Heinz stock price was still experiencing the decline, which was caused by the SEC investigation that published the company's brand value.

Fri, 22 Feb 2019 14:49:29 GMT

BMW and Daimler will create Uber rival

The German auto producers BMW and Daimler will invest more than one billion euros in the creation of a service that will compete with Uber.

Fri, 22 Feb 2019 14:49:06 GMT

UBS sticks to dividend

The Swiss bank UBS announced on Friday that it will stick to the dividend proposed in 2018 by the bank's CEO. The dividend will be paid despite the recently received penalty of 4.5 billion EUR from French authorities.

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