Overstock CEO justifies stock sale, vows never to give ‘an explanation again’
Overstock.com Inc Chief Executive Officer Patrick Byrne, lashing out at shareholders questioning his sale of a big block of stock this week that sent the company’s shares into a nosedive, said on Friday he had to supplement his “nominal salary” and vow…
U.S. consumer sentiment robust before escalation of trade war
U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy’s outlook, but much of the surge was recorded before an escalation in the trade war between the United States and China, which could hurt activity.
Shares wobble, yuan weakens as global trade talk rattles markets
A gauge of global stocks dipped but erased steeper losses in a volatile session on Friday while the Chinese yuan weakened as global trade tensions persisted to hover over financial markets.
Nestle to boost healthy food products in Brazil, eyes partnerships
Nestle SA will increase its natural and organic products in Brazil, its No. 4 market worldwide, as part of a wider Americas plan to cut sugar, sodium and saturated fats in its food, a spokesman said.
U.S. consumer sentiment rises to 15-year high
U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy’s outlook.
Samsung Electronics says undecided on further investment in its China NAND plant
South Korea’s Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying a report by China’s official Xinhua news agency.
Overstock CEO defends personal stock sale after shareholders question move
Overstock.com Inc Chief Executive Officer Patrick Byrne on Friday hit out at shareholders who questioned the sale of a portion of his stake in the company, after the online retailer’s shares plunged on Wednesday following the disclosure of his move.
Wall St. falls after China’s tough talk on trade
U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China.
Samsung says no decision yet on investment for second memory chip plant in China’s Xian
South Korean tech giant Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying an earlier report by the Chinese state media Xinhua.
Oil lifted towards $73 by real and threatened supply cuts
Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise.
