Anadarko pressed Occidental for cash, expecting investor opposition -filing
Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum’s approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings…
Wall Street rallies on rate cut hopes, trade optimism
Wall Street’s main indexes rose about 1% on Friday, as a sharp slowdown in U.S. job growth raised hopes of an interest rate cut, with Washington’s decision to delay tariffs on Chinese goods adding to the upbeat mood.
Hey big spender – how luxury brands are raising the stakes on Instagram
Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers.
Wall Street rallies on rate cut hopes, China tariff delay
Wall Street’s main indexes rose 1% on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while Washington’s decision to delay tariffs on Chinese goods added to the upbeat mood.
Wells Fargo to pay customers $386 million over unwanted auto insurance
Wells Fargo & Co will pay at least $386 million to settle class-action claims by customers who said the bank signed them up for auto insurance they did not want or need when they took out car loans.
Former Deutsche Bank co-CEO included in cum-ex probe: paper
German prosecutors are probing former Deutsche Bank co-Chief Executive Anshu Jain and 78 other current and former bank officials as part of an investigation into a dividend tax-stripping scheme, German daily Handelsblatt reported on Friday.
Stocks rally, U.S. bond yields fall as jobs data fuels rate cut talk
Major world stock indexes rose and U.S. Treasury yields tumbled on Friday after a slowdown in U.S. job growth fueled hopes of a U.S. interest rate cut, while news the United States would give China more time to avoid a tariff hike added to market optim…
Traders bet U.S. hiring slowdown will speed Fed rate cuts
The Federal Reserve is just about done being patient.
Weak U.S. employment report casts pall over economy
U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year….
U.S.-Mexico migration talks continue as tariff deadline looms
U.S. and Mexican negotiators resumed migration talks on Friday as the two sides edged closer to a trade war that could hobble both countries’ economies and rattle investors already nervous about Washington’s escalating battle with China.
