AIG’s profit misses estimates on life unit review, catastrophe losses
American International Group Inc missed analysts’ estimates for third-quarter profit on Friday after a difficult catastrophe loss period and a review of assumptions it has used to write life insurance policies.
Shares, crude prices rise on U.S., China data
World equity markets surged and crude oil prices jumped on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.
Shell appoints new head of downstream business
Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream business, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy.
Exclusive: U.S. opens national security investigation into TikTok – sources
By Greg Roumeliotis, Yingzhi Yang, Echo Wang and Alexandra Alper
AbbVie 2019 revenue forecast tops Wall Street estimates while it eyes future Botox sales
AbbVie Inc on Friday forecast 2019 revenue above Wall Street estimates and expressed confidence in future sales of blockbuster wrinkle treatment Botox, which it will acquire with its $63 billion purchase of Allergan Plc .
Not just the MAX: planemakers face slump in demand for wide-body jets
Orders for long-distance wide-body jets are on track to fall this year by the most since the throes of the 2008 financial crisis, fuelling concerns that the drop will eat into future cash flow at Boeing and its European rival Airbus.
U.S. October job growth beats expectations despite GM strike
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would cont…
No talks have taken place on ousting Fed’s Powell: White House adviser
A White House official said on Friday no discussions have taken place about ousting U.S. Federal Reserve Chairman Jerome Powell after President Donald Trump expressed disappointment in him and criticized the central bank’s latest interest rate cut.
Fosun Tourism to buy intellectual property assets of Thomas Cook
Fosun Tourism Group on Friday said it will acquire the intellectual property assets of Thomas Cook Group Plc for 11 million pounds ($14.25 million).
Fed’s Clarida says the U.S. economy is in good place after rate cuts
The three rate cuts passed by the Federal Reserve this year leave the U.S. economy better armed to withstand the risks of a global slowdown, Fed Vice Chair Richard Clarida said on Friday, further supporting the case for keeping rates steady for now.
