White House adviser says China agricultural purchases will depend partly on markets
White House economic adviser Larry Kudlow said on Thursday that China’s “serious commitment” to buy $40 billion to $50 billion worth of U.S. agricultural goods as part of a phase 1 trade deal would depend in part on private companies and market conditi…
Renault warns 2019 sales drop will be steeper than expected
France’s Renault on Thursday cut its sales guidance for 2019 further and lowered its profitability forecast, as automakers globally struggle with slumping demand in major markets like China and costly shifts to cleaner car models.
Morgan Stanley executives offer cautious outlook after profit beat
Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year.
UAW deal with GM to end strike includes pay raises, but three plants would close
The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing thre…
Johnson & Johnson agrees to pay about $117 million to settle vaginal mesh litigation
U.S. state attorneys general said on Thursday that Johnson & Johnson and its unit had agreed to pay nearly $117 million to settle litigation over deceptive marketing of the company’s transvaginal surgical mesh devices.
U.S. homebuilding retreats, manufacturing still struggling
U.S. homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing.
Czech firm PPF close to deal with AT&T on buying CME: reports
Investment group PPF, owned by the Czech Republic’s richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T , Czech and Bulgarian media reported on Thursday.
Wall Street advances on upbeat earnings, Brexit deal
Wall Street rose on Thursday, with the S&P 500 and Nasdaq indexes near one-month highs on upbeat earnings from Netflix and Morgan Stanley, while investors cheered Britain’s preliminary last-minute deal with the European Union.
Oil falls, fanned by inventory rise and global demand worries
Oil prices fell on Thursday after a larger-than-expected rise in U.S. crude stockpiles and a series of weak economic figures, although a drop in fuel inventories helped offset the decline.
Union Pacific misses profit expectations amid trade war, to cut spending, jobs
Railroad operator Union Pacific Corp on Thursday reported quarterly profit that missed analysts’ estimates and said it would cut capital spending and jobs as the multi-front U.S. trade war worsens an industry-wide freight volume slump.
