Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
AT&T Inc said on Wednesday weakness in its wireless equipment unit could weigh on its third-quarter revenue.
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a leave of absence due to health-related reasons, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles.
U.S. President Donald Trump’s push for low interest rates reached a new pitch on Wednesday, when he demanded the Federal Reserve take the extraordinary step of sending them below zero.
The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs.
U.S. President Donald Trump tweeted with envy on Wednesday about the ultra-low, even negative interest rates in other parts of the world, berating what he called the “boneheads” at the Federal Reserve for not following suit.
Hong Kong Exchanges and Clearing Ltd (HKEX) made a $39 billion takeover approach to the London Stock Exchange Plc on Wednesday, aiming to create a global trading powerhouse and thwart the latter’s $27 billion acquisition of financial data provider Refinitiv.
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said.
Hong Kong Exchanges and Clearing Ltd (HKEX) made a $39 billion takeover approach to the London Stock Exchange Plc on Wednesday, aiming to create a global trading powerhouse and thwart the latter’s $27 billion acquisition of financial data provider Refinitiv.
The last time I wrote about AGNC Investment Corp. (Nasdaq: AGNC), I called it the worst dividend safety rating I’d ever seen.
I concluded that AGNC cutting its dividend seemed like a sure thing.
Less than a year later, AGNC lowered its dividend 11%, to $0.16 per share from $0.18. It was the eighth time it had slashed the dividend in the past 10 years.
Is dividend cut No. 9 coming soon?
If history repeats? Yes.
The good news is that AGNC no longer has the worst dividend safety rating I’ve ever seen. It’s not good, but it’s no longer the worst.
The one positive is …read more […]
Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month’s trade negotiations with the United States.
A gauge of global equity markets climbed on Wednesday on signs of gradual progress in the trade war between the United States and China, while bond yields rose as investors remained unconvinced what stimulus measures the European Central Bank will provide at its meeting on Thursday.
The Trump administration on Wednesday will submit to U.S. House of Representatives Democrats its latest proposals for addressing the lawmakers’ concerns with the new U.S.-Mexico-Canada trade deal, according to a source familiar with the issue.
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