News

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Wed, 02 Oct 2019 10:14:28 GMT

Global shares decline

On Wednesday, global stock indices declined due to the markets reacting to the Tuesday's release of US ISM Manufacturing PMI. The index was not only below the forecast of 50.4, but also revealed the expectations of a decline by being at 47.8.

Wed, 02 Oct 2019 09:17:40 GMT

UAW drops new General Motors offer

On Tuesday, the United Auto Workers union rejected a new offer made by General Motors, as the deal required 6K layoffs in Mexico, as well as wages and healthcare cuts, the UAW said.

Wed, 02 Oct 2019 08:36:41 GMT

PM Johnson set to unveil final Brexit offer

Boris Johnson, the UK Prime Minister, is set to unveil the final Brexit proposal to the EU bloc on Wednesday, making clear that Britain will leave on October 31 with no further negotiations in case Brussels denies to engage with the offer.

Wed, 02 Oct 2019 06:45:02 GMT

Juul picks Altria executive in regulatory backlash against e-cigarettes

Juul Labs Inc has hired a regulatory affairs head at Altria Group for a similar role to handle regulations in a vaping crisis in the United States, as the e-cigarettes industry might be hit by tough rules.

Wed, 02 Oct 2019 06:34:12 GMT

Telus to buy ADT Canada assets in C$700M deal

Telus Corp announced on Tuesday it would acquire the Canadian operations of ADT, the home security provider, in a deal worth C$700M amid the telecommunications provider's intention to establish its security business.

Wed, 02 Oct 2019 05:00:34 GMT

J&J settles Ohio lawsuits

Johnson & Johnson announced on Tuesday that it would pay $20.4M settlement to two Ohio counties to avoid the US Federal Court trial.

Wed, 02 Oct 2019 04:04:29 GMT

Global equity markets fall to one-month low

On Wednesday, global equity markets hit a one-month low after the US factory activity declined to more than ten years lows, sparking concerns that the US-China trade war was affecting the US economy.

Wed, 02 Oct 2019 03:03:46 GMT

FAA grants UPS approval to operate drone delivery in campus

The US Federal Aviation Administration has granted the United Parcel Service a full approval to fly drone delivery service in the campus.

Wed, 02 Oct 2019 02:21:17 GMT

Kia and Hyundai sue four largest US railroads

Kia Motor Co and Hyundai Motor Co have filed three lawsuits against the four biggest US railroads companies, accusing the firms of imposing fuel surcharges between July 2003 and December 2008.

Tue, 01 Oct 2019 19:58:09 GMT

Trump to discuss Huawei 5G options with Finnish counterpart

The US President Donald Trump is expected to hold talks with the Finnish President on Wednesday regarding the 5G alternatives improvement to Huawei Technologies' offerings or other Chinese telecoms equipment companies.

Tue, 01 Oct 2019 18:54:33 GMT

Charles Schwab to end commissions for online stock trading

Shares of Charles Schwab fell by 10% in early trading on Tuesday, after the firm stated that it is ending commissions for online trading of options, stocks and ETFs listed in the Canadian or US exchanges.

Tue, 01 Oct 2019 17:56:03 GMT

UK's PM Johnson to pitch new Brexit proposals

The UK Prime Minister Boris Johnson to propose new Brexit pact on Tuesday, however, the EU representatives are sceptical about the prospects of a breakthrough.

Tue, 01 Oct 2019 17:07:11 GMT

Venture Capitalists to meet with more than 100 start-ups

Two dozen Venture Capitalist firms have invited about 100 start-ups for a meeting in San Francisco on Tuesday, where they hope to advise them about the downside of IPO.

Tue, 01 Oct 2019 16:00:33 GMT

Canadian manufacturing activity expands in September

On Tuesday, Canada's Manufacturing Purchasing Index, which measures manufacturing business activity, rose by 51.0 in September, its fastest pace since February.

Tue, 01 Oct 2019 15:07:30 GMT

US stocks edge higher ahead of manufacturing report

Wall Street's main indexes surged on Tuesday, led by gains in technology shares. At 9:47 ET, the benchmark S&P 500 was up by 14.85 points, while the DJI was up by 121.05 points.

Tue, 01 Oct 2019 14:29:43 GMT

Tesla's Model 3 remains on top in Norway

Tesla's Model 2 vehicle stays on top in Norway, despite the Q3 decline in sales this year, with the electric vehicle maker reporting it sold 3.3K Model 3s in July-September in the Scandinavian country, beating VW's Golf by about 900 cars.

Tue, 01 Oct 2019 13:37:41 GMT

Advent to acquire Italy's ICE for €700M

Advent, the private equity fund, is set to pay about €700M to acquire Industria Chimica Emiliana, the Italian chemicals firm, the country's leveraged buyout in 2019, according to sources familiar with the situation.

Tue, 01 Oct 2019 11:51:25 GMT

Ford Motor establishes JV with Mahindra

Ford Motor Co is set to establish a joint venture with Mahindra & Mahindra in India worth $275M to develop, market and distribute Ford's branded cars in the country, both companies announced on Tuesday.

Tue, 01 Oct 2019 10:45:51 GMT

Macquarie plans Hobart Airport stake sale

Macquarie Group announced it would sell 70% stake in the Hobart International Airport to a consortium of Royal Schiphol Group and Queensland Investment Corporation, not disclosing the financial terms of the deal.

Tue, 01 Oct 2019 10:36:12 GMT

Tech giants face inquiry

On Tuesday, it was announced by the US Senate that it will inquire into the operations of Facebook, Amazon and Google.

Tue, 01 Oct 2019 07:56:33 GMT

UK to bring back 7K people amid Thomas Cook collapse

The UK Civil Aviation Authority announced that 39 flights more were scheduled for Tuesday to being back another 7K of people to Britain after the collapse of Thomas Cook, as repatriation efforts entered the second week.

Tue, 01 Oct 2019 06:44:54 GMT

Forever 21 to close 178 stores amid bankruptcy

The fast-fashion retailer Forever 21 has got an approval to close 178 US stores out of 815 stores it has in 57 countries due to a bankruptcy filing, believing the restructuring will allow the company to shift focus to the operations' profitable core part.

Tue, 01 Oct 2019 05:03:07 GMT

Coveney denies reported Brexit border proposal

Ireland's Foreign Minister Simon Coveney denied a report that the UK is proposing to place custom clearance centres between 8km -16 km on each side of the Irish border.

Tue, 01 Oct 2019 04:04:09 GMT

Crude oil prices rebound on Tuesday

Crude oil prices rebounded at the Asian session on Tuesday after output from the world's biggest oil producers decline in the Q3. Brent crude futures were up $59.69 per barrel at 02:02 GMT.

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