Vivendi ready to sell part of Mediaset stake at a loss to reach deal: source
French media group Vivendi is prepared to sell part of its stake in Mediaset at a loss in an attempt to reach an accord to end years of bitter legal disputes with the Italian broadcaster, a source close to the matter said on Friday.
Saudi Aramco IPO raises 73 billion riyals so far: Samba
Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday.
15 U.S. senators urge Trump administration to halt Huawei license approvals
A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co.
G20 has put up ‘historically high levels’ of trade barriers: WTO
G20 economies slapped on 28 new barriers between mid-May and mid-October covering trade worth an estimated $460.4 billion, mainly via tariff increases and import bans, the World Trade Organization said on Thursday.
United Auto Workers union to name new president as U.S. corruption probe widens
The United Auto Workers union international executive board will meet to name a new president, the union said on Thursday, a day after the previous president resigned following 17 months in office, but union officials said a date for the meeting had n…
GM’s electric pickup truck to go on sale fall 2021: CEO
General Motors Co’s first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said on Thursday, around the same time as electric carmaker Tesla Inc’s own model is expected to debut.
Explainer: How would a Schwab-TD Ameritrade deal affect retail investors?
U.S. discount broker Charles Schwab Corp. is in talks to buy rival TD Ameritrade in a $26 billion deal that would create an online brokerage behemoth, according to media reports.
Pot stocks soar as U.S. House committee clears bill on federal weed legalization
Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives.
U.S. labor market, manufacturing data point to slowing economy
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market.
Global stocks, dollar slip as reports kindle trade deal hopes
The U.S. dollar and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks was offset by concerns tensions between the world’s two largest economies were too large to quickly overcome.
