Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, saying it would boost shareholder value by as much as $40 billion, three years after it asked the refiner to consider spinning off businesses.
Boeing Co is expected to testify at an upcoming U.S. Senate Commerce Committee hearing on aviation safety, a spokeswoman for the panel said Wednesday.
Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the sluggish housing market was starting to get a lift from lower mortgage rates.
Investors jumped back into mutual funds and exchange-traded funds that hold U.S. stocks last week by sending approximately $11.8 billion in net assets into the category, the greatest weekly surge into domestic equities since early June, according to data released Wednesday by the Investment Company Institute.
The U.S. bucked weakness in other world stock markets and the dollar rebounded on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected.
The owner of Tinder and OkCupid is being sued by U.S. regulator for seeking to draw in potential subscribers with emails from fake users expressing interest in pairing up.
A handful of very important trends will shape the communications sector in the years ahead.
It seems like some we’ve been hearing about forever. And the suspense is killing me.
Of course, no trend has captured the imagination of businesses, consumers and investors alike more than 5G.
This leap forward from 4G is what will make other disruptive digital trends possible… or, at the very least, bring them closer to reality.
Goodbye, 4G
We’ve already started to see carriers dip their toes into the 5G rollouts.
A few months ago, Verizon (NYSE: VZ) flipped the switch on parts of its 5G network in Chicago and Minneapolis. …read more […]
U.S. stock indexes rose on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected, while Nike’s shares hit a record high on upbeat quarterly results.
A British banker told Germany’s biggest fraud trial this week how he worked his way from office clerk to jet-setting trader before his dream career came to an early end.
Commerzbank on Thursday will name board member Bettina Orlopp as the lender’s new chief financial officer, a German newspaper reported on Wednesday.
A former head of Danske Bank’s Estonian branch, which is at the center of inquiries into the world’s largest money laundering scandal, was found dead on Wednesday.
U.S. President Donald Trump said on Wednesday that a deal to end a nearly 15-month trade war with China could happen sooner than people think.
Volkswagen’s supervisory board and workers on Wednesday gave their backing to the carmaker’s top managers a day after German prosecutors pressed charges related to the diesel emissions scandal.
Mexico’s peso and stock market slumped on Wednesday in response to an impeachment inquiry against U.S. President Donald Trump, with trade experts warning the probe risked derailing the passage of the USMCA trade deal through U.S. Congress.
Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs’ lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.
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