Business News
Whirlpool to sell Embraco compressor business to Japan’s Nidec
(Reuters) – Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash.
Year: 2018
Business News
Asian stocks pause after sell-off; dollar, oil near recent highs
TOKYO/SYDNEY (Reuters) – Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar’s rally was sustainable.
Business News
Chinese tech giants, government under fire for ‘men only’ job ads
BEIJING (Reuters) – Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labor force.
Business News
Exclusive: China’s HNA Group seeks up to $1.5 billion in new fund – document
(Reuters) – A unit of debt-laden Chinese conglomerate HNA Group [HNAIR.UL] is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group’s primary vehicle for global acquisitions, a document reviewed by Reuters showed.
Business News
PSA sales jump 42 percent on Opel-Vauxhall acquisition
PARIS (Reuters) – French automaker PSA Group posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall last year.
Business News
Zurich court backs Julius Baer in East German assets row
ZURICH (Reuters) – A Swiss appeals court has ruled in favor of private bank Julius Baer in a suit by a German agency hunting East German assets that went missing after the fall of the Berlin Wall, the bank said on Tuesday.
Business News
SAP, gaining market share, raises outlook
FRANKFURT (Reuters) – Germany’s SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining market share on its competitors in the cloud and its margin recovery was on track.
Business News
In Des Moines, Wells Fargo looks to soothe critics
IOWA CITY, Iowa (Reuters) – Wells Fargo & Co executives planned to convey a message of atonement to shareholders at the bank’s annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past.
Business News
Deutsche Bank may announce investment bank revamp on Thursday: report
FRANKFURT (Reuters) – Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings, a German newspaper reported on Tuesday.
Business News
Asian stocks bounce; dollar, oil near recent highs
TOKYO/SYDNEY (Reuters) – Asian stocks bounced from near two-week lows on Tuesday as investors paused for breath following the heavy selling of recent sessions and waited to see if the dollar’s rally was sustainable.
Trading Ideas
No typical double date: Trumps, Macrons dine at Mount Vernon
Tending to bonding before business, President Donald Trump and France’s Emmanuel Macron opened the French president’s visit Monday with an anything-but-ordinary double date with their wives at George Washington’s house. The presidents and their spouses hopped on a helicopter bound for Mount Vernon, Washington’s historic riverside home, for a private dinner one night before the leaders sit down for talks on a weighty agenda including security, trade and the Iran nuclear deal. Macron’s pomp-filled three-day state visit to Washington underscores the importance that both sides attach to the relationship: Macron, who calls Trump often, has emerged as something …read more […]
Trading Ideas
3 High-Yield Stocks Still Worth Buying
Investing in tech stocks doesn’t mean you have to settle for lackluster dividends. …read more […]
Business News
U.S debt deluge lifts bond yields to four-year high, Asia stocks down
TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the specter of inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs.
Business News
Ad sales surge at Google parent Alphabet, but so do costs
SAN FRANCISCO (Reuters) – Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday.
Trading Ideas
Spokesman: George HW Bush hospitalized with blood infection
Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his wife, Barbara, a spokesman said Monday. Jim McGrath said on Twitter that the 93-year-old Bush is “responding to treatments and appears to be recovering.” He was admitted Sunday morning to Houston Methodist Hospital after an infection spread to his blood, McGrath said. Barbara Bush was laid to rest Saturday in a ceremony attended by her husband and former presidents Bill Clinton, Barack Obama, George W. Bush and their wives, along with current first lady Melania Trump. …read more […]