Factbox: Disney to take on Netflix as streaming war heats up
The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.
Fed’s Rosengren says cutting rates could worsen next downturn: Bloomberg
Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.
Saudi Aramco asks banks to pitch for roles in IPO: sources
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO.
Saudi Aramco asks banks to pitch for roles in planned IPO: sources
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.
Wall St. rallies on stimulus cheer, trade optimism
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
Oil up 1% after attack on Saudi field, but OPEC report caps gains
Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.
General Electric adds to defense against charges of bogus accounting
General Electric Co intensified its defense of its accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly cou…
Top CEOs say companies should put social responsibility above profit
Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world’s largest airline, said on Monday.
General Electric renews defense against charges of bogus accounting
General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from s…
Wall Street rallies on stimulus cheer, trade optimism
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
