Wall Street rides trade optimism to record highs
U.S. stocks inched to fresh record highs on Friday, as investors remained optimistic about improving trade relations between Washington and Beijing in the run-up to the holiday season.
U.S. economy grows steadily in third quarter; consumer spending solid in November
U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market.
U.S. Justice Department and FCC fight state effort to block merger of Sprint, T-Mobile
The U.S. Justice Department and Federal Communications Commission filed in court on Friday to support a merger of T-Mobile and Sprint , the third- and fourth-largest wireless carriers.
Just Eat food fight nears end as it backs Takeaway’s final offer
Just Eat backed a final 5.5 billion pound ($7.2 billion) all-share offer from Takeaway.com on Friday, saying a tie-up to create one of the leading online food delivery companies was more compelling than a rival cash bid from Prosus.
ViacomCBS to take 49% stake in film studio Miramax for $375 million
Media company ViacomCBS Inc said on Friday it would take a 49% stake in film studio Miramax, owned by Qatar’s BeIN Media Group, for $375 million.
France fines Google $167 million for opaque ad platform rules
France’s competition watchdog on Friday fined Google 150 million euros ($167 million) for abusing its dominant market position by applying opaque and unpredictable rules on its Google Ads advertising platform.
Wall Street opens at record high as trade optimism persists
U.S. stock indexes opened at record highs on Friday amid optimism over a further winding down in Sino-U.S. trade tensions, starting with an interim deal due to be inked in January.
FCA union says keeping plants open doesn’t mean guaranteeing jobs
The head of the one of the main union groups at Fiat Chrysler said on Friday a pledge by the Italian-American carmaker and France’s PSA not to shut plants under their recently announced merger deal does not guarantee job levels will stay the same.
U.S. third-quarter growth unrevised; consumer spending strong
U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market.
Boeing supplier Spirit AeroSystems to suspend production of 737 MAX parts
Boeing’s top supplier Spirit Aerosystems Inc said on Friday it would stop making fuselages for the grounded 737 MAX jets, the first major indication of disruption spreading to the planemaker’s suppliers facing thousands of potential layoffs.
