Business News
Microsoft workers demand it drop $480 million U.S. Army contract2/22/2019 11:41:49 PM Several Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract with the U.S. Army and stop developing "any and all weapons technologies."Brazil judge suspends Embraer-Boeing tie-up negotiations: court document2/22/2019 11:22:23 PM A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.Trump says inclined to extend China trade deadline, to meet Xi soon2/22/2019 11:17:11 PM U.S. President Donald Trump said on Friday there was "a very good chance" the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 deadline to reach an agreement.No more MOUs! USTR Lighthizer tweaks trade terminology after dispute with Trump2/22/2019 11:17:11 PM In trade talks between the United States and China, Memorandums of Understanding - the building blocks of what would be a historic deal - are officially out.Fed's policy pause sets stage for broad overhaul2/22/2019 11:09:23 PM When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.S. economic growth and the need for more time to sort through the data.Flattening U.S. yield curve in late 2018 'flashing red' on economy: Fed's Williams2/22/2019 11:09:04 PM A flattening U.S. yield curve in December, which was close to being inverted, was "flashing red" about a deceleration in U.S. economic growth heading into 2019, despite some solid data at the time, New York Federal Reserve President John Williams said on Friday.FCA sets $14 million annual target compensation for CEO Manley: filing2/22/2019 10:50:20 PM Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for Chief Executive Officer Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker said in a regulatory filing on Friday.Trump says could include Huawei and ZTE in trade deal2/22/2019 10:33:43 PM U.S. President Donald trump said on Friday he may or may not include Chinese telecommunications companies Huawei Technologies and ZTE Corp in the trade deal being negotiated between the United States and China.S&P 500 posts highest close since November 8 on trade optimism2/22/2019 10:25:30 PM The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.Trump's economy 'a little under' 3 percent growth goal: Fed2/22/2019 10:21:12 PM The Trump administration will fall "a little under" its target of 3 percent annual growth of gross domestic product for 2018, the Federal Reserve said Friday in a report that offers an economic scorecard of sorts for the first full year of President Donald Trump's term.Canada's Barrick considers buyout of rival Newmont Mining2/22/2019 10:19:25 PM Canada's Barrick Gold Corp said on Friday it considered making an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.Twitter co-founder Evan Williams steps down from board2/22/2019 10:07:57 PM Twitter Inc said on Friday one of its co-founders, Evan Williams, will be stepping down as a member of its board at the end of the month.U.S.-China trade hopes lift stocks; oil hits three-month high2/22/2019 10:06:20 PM Stocks rose in major markets across the world on Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.Newmont says aware of Barrick's buyout talk but will not comment2/22/2019 10:00:47 PM Newmont Mining Corp said on Friday it was aware that Canadian rival Barrick Gold Corp said it had studied an unsolicited buyout proposal for the company, a deal that would, if consummated, bring together two of the world's leading gold producers.NY governor orders probe into Facebook access to data from other apps2/22/2019 9:40:34 PM New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information from smartphone users, including health and other sensitive data, than had previously been known.Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs2/22/2019 8:52:52 PM Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains.Intel says its 5G modem chips will not appear in phones until 20202/22/2019 8:49:46 PM Intel Corp executives said on Friday its 5G modem chips will not appear in mobile phones until 2020, raising the possibility its biggest customer, Apple Inc, will be more than a year behind rivals in delivering a device that uses the faster networks.A Fed pivot, born of volatility, missteps, and new economic reality2/22/2019 8:48:47 PM The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.Kraft Heinz shares fall 28 percent after writedown, dividend cut2/22/2019 8:31:27 PM Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats.Trump says he expects to meet China's Xi soon on trade2/22/2019 8:09:24 PM U.S. President Donald Trump said on Friday that if he sees progress being made in trade talks with China, he may be inclined to extend negotiations beyond a March 1 deadline, and suggested it was likely the globe's two largest economies would be able to make a deal.