Online service or property agent? EU court to define Airbnb’s status
U.S. homesharing site Airbnb will get a better idea of how it should be labeled when Europe’s top court rules on Thursday on the tricky question of whether it is an online booking service or a real estate agent subject to onerous rules.
Tariffs, trade tensions worry Fortune 500 CEOs: U.S. Chamber of Commerce
Tariffs and trade tensions are a huge source of worry for U.S. companies, with nearly half of Fortune 500 companies referencing such concerns during last quarter’s earnings calls, the U.S. Chamber of Commerce said on Thursday.
McDonald’s Peru operator shuts restaurants for inspection after employee deaths
All 29 McDonald’s Peru locations will remain closed until its local operator Arcos Dorados Holdings Inc completes inspections following the deaths of two teenaged employees at the weekend, the franchisor said in a statement on Wednesday.
Dish founder Ergen says he asked for senator’s help on T-Mobile/Sprint
Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him on June 10 to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireles…
Daimler, BMW exiting North American car-sharing market, cutting in Europe
BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market, with the joint venture partners halting operations in Montreal, New York, Seattle, Washington, D.C., and Vancouver, as they focus on the European market.
MetLife Inc to pay $10 million to settle with SEC after failure to pay pensions
Insurer MetLife Inc. will pay $10 million to settle with U.S. regulators over longstanding internal controls failures, the Securities and Exchange Commission (SEC) said on Wednesday.
Wall Street pauses record-setting rally as FedEx shares tumble
The S&P 500 ended a five-day winning streak on Wednesday as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares, but the benchmark index managed to hover near all-time highs.
Dollar gains on Fed rates view, stocks falter
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares slipped.
MetLife Inc to pay $10 million to settle securities violations: SEC
The U.S. Securities and Exchange Commission (SEC) said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.
Wall Street near flat amid economic optimism, FedEx swoon
The S&P 500 was little changed on Wednesday, hovering around all-time highs, as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares.
