Mediaset files complaint against Vivendi with Italy watchdog
Mediaset has filed a complaint with Italy’s market watchdog, accusing shareholder Vivendi of leaking information with a view to scuppering its corporate restructuring plans, the Italian broadcaster said on Thursday.
Volkswagen says it is not interested in buying a Tesla stake
Volkswagen on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla.
As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements
U.S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice that was effectively banned in the aftermath of the 2007-2008 subprime mortgage crisis.
Stock futures edge higher as retail earnings highlight consumer confidence
U.S. stock index futures stabilized on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell’s speech for more clues on future interest rate moves.
Volkswagen CEO wants a stake in Tesla: Manager Magazin
Volkswagen CEO Herbert Diess wants to take a stake in Tesla to access the U.S. company’s software and batteries technology, German business publication Manager Magazin reported on Thursday.
U.S. jobless claims fall in sign of labor market strength
The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
Factbox: Walmart and Tesla fought in private long before solar lawsuit
Walmart Inc has sued Tesla Inc , accusing it of “years of gross negligence and failure to live up to industry standards” that led to several fires at its stores with Tesla solar systems.
Volkswagen CEO interested in Tesla stake: Manager Magazin
Volkswagen CEO Herbert Diess is interested in acquiring a stake in Tesla , German business publication Manager Magazin reported on Thursday, citing company sources.
South Korea’s top court to rule on Samsung heir’s bribery case on August 29
South Korea’s Supreme Court is to rule next Thursday on whether to uphold a reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the president in 2017.
Fed doubts dominate as futures tick lower
Wall Street’s main markets were set to edge lower on Thursday as the previous session’s hints of a skeptical Federal Reserve attitude to a new cycle of interest rate cuts offset a handful of more bullish signs from U.S. retailers.
