U.S. Supreme Court to consider blocking Booking.com trademark
The U.S. Supreme Court on Friday agreed to consider a bid by a federal agency to prevent the popular hotel reservation website Booking.com, a unit of Booking Holdings Inc, from trademarking the site’s name, contending that it is too generic to deserve …
Activist investor Icahn sells nearly a third of his Occidental Petroleum stake
Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open let…
S&P 500, Dow take a breather on trade deal doubts
The S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
Arkansas joins states backing T-Mobile’s deal to buy Sprint
Arkansas has decided to back the U.S> Justice Department’s decision to approve a merger of T-Mobile US and Sprint, the third and fourth largest U.S. wireless carriers.
Activist investor Carl Icahn sells nearly a third of his Occidental Petroleum stake
Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open le…
U.S. CFTC orders Wells Fargo to pay $14 million over unfair foreign exchange trade
The U.S. Commodity Futures Trading Commission ordered Wells Fargo & Co to pay more than $14 million to settle charges it provided “misinformation” when conducting a large foreign exchange trade with a counterparty, the agency said in a statement on Friday.
Factbox: Failure to launch – The biggest IPO pull-outs of 2019
Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value
WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%.
Trump says has not agreed to roll back tariffs on Chinese goods
President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth.
S&P 500, Dow slip as trade-fueled rally pauses
The S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
