Business News
U.S. new home sales surge in May, boosted by South
WASHINGTON, (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
Month: June 2018
Business News
Advent to acquire GE’s distributed power business for $3.25 billion
FRANKFURT (Reuters) – U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
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AT&T buys online ad marketplace AppNexus, GE to sell off industrial engine unit, Harley-Davidson moving production
AT&T, General Electric, Harley-Davidson, Apple and Molson Coors are the companies to watch. …read more […]
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Advent to acquire GE’s distributed power business for $3.25 billion
U.S. buyout group Advent has agreed to buy General Electric’s (GE) (GE.N) distributed power operations for $3.25 billion, the companies said on Monday. GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha, up for sale to bolster its finances. The U.S. conglomerate had announced plans to divest about $20 billion in assets as part of a three-year restructuring plan, hoping to book as much as $10 billion in proceeds from selling industrial assets this year. …read more […]
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Trump considering new restrictions on Chinese tech investments
President Trump’s Treasury Department is reportedly working on a plan to limit Chinese investment in US tech firms. Yahoo Finance’s Alexis Christoforous and Rick Newman discuss what it means. …read more […]
Business News
Trade worries weigh on Wall Street, tech stocks suffer
(Reuters) – Wall Street’s main indexes dropped on Monday as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.
Business News
Advent says to acquire GE’s distributed power business for $3.25 billion
FRANKFURT (Reuters) – U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
Business News
U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
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3 Revealing Quotes From Royal Dutch Shell's Management
There’s a lot to learn about Shell and the industry in general from a few quotes. …read more […]
Business News
We’ve changed, Uber says, in court battle to keep London license
LONDON (Reuters) – Uber [UBER.UL] accepted it had made mistakes but said it had changed as it went to court on Monday to overturn a decision stripping it of its license in London after it was ruled unfit to run a taxi service in its most important European market.
Business News
U.S. rate-rigging payouts top $500 million as final banks settle
NEW YORK (Reuters) – Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.
Business News
Wall Street opens lower as trade fears weigh
(Reuters) – Wall Street’s main indexes opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.
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Revolution Lighting Technologies Inc’s (NASDAQ:RVLT) Shift From Loss To Profit
Revolution Lighting Technologies Inc’s (NASDAQ:RVLT): Revolution Lighting Technologies, Inc. designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the UnitedRead More… …read more […]
Business News
Harley-Davidson to move some production out of U.S. to avoid EU tariffs
(Reuters) – Harley-Davidson Inc said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc’s retaliatory tariffs would cost the company $90 million to $100 million a year.
Business News
Stock futures drop as trade tensions escalate
(Reuters) – U.S. stock index futures fell on Monday as growing trade tensions between the United States and China kept investors on edge, with the latest threat involving a check on Chinese investments in U.S. technology firms.