U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks
U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.
Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.
Icahn launches proxy fight after stalled talks with Occidental CEO
Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum to win control of four board seats, a regulatory filing showed, after talks with the oil company’s CEO failed to reach an agreement.
Exclusive: J.C. Penney taps debt restructuring advisers – sources
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
Exclusive: WeWork to host Wall Street analyst day in IPO push – sources
The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.
U.S. airline group says it had a ‘productive meeting’ with Trump on Qatar
A U.S. airline industry group said it had a “productive” meeting on Thursday with President Donald Trump, who “shares our concerns” about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States.
Microsoft shares hit record highs, powered by growing cloud sales
Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.
Trump meets with airline CEOs over Qatar subsidy accusations
U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.
Wall Street rises as Fed’s Williams cements rate-cut expectations
U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.
Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.
