Icahn discloses U.S. probe into sale of Manitowoc shares: filing
Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe.
Trump ‘firm’ on China structural demands, tariffs part of enforcement: Pence
U.S. Vice President Mike Pence said on Friday that President Donald Trump would “stand firm” on his demands for structural changes to China’s trade practices, and removal of U.S. tariffs on Chinese goods would be a part of a mechanism to enforce any de…
World stocks climb, dollar dips in wake of U.S. payrolls report
Global equity markets climbed on Friday, buoyed by a U.S. payrolls report that blew past expectations, while the dollar weakened after comments on inflation from some Federal Reserve officials.
Wall Street bounces on robust job additions in April
Wall Street’s main indexes rose steadily on Friday, as a stronger-than-expected job growth in April showed that the U.S. economy continues to expand.
SoftBank mulls IPO of $100 billion Vision Fund: source
Japan’s SoftBank Group Corp is considering an initial public offering of its $100 billion Vision Fund, a source familiar with the matter said on Friday.
Thomas Cook in talks with lenders about strengthening finances
Heavily indebted British travel company Thomas Cook said on Friday it was in talks with its lenders about bolstering its finances, following recent media speculation about the firm’s ability to pay its debts.
Tesla boosts capital raise to $2.7 billion, Musk buys more stock
Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company’s cash-depleted balance sheet.
Brazil’s Natura to invest in new brands through venture capital funds
Brazil cosmetics company Natura intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.
GM recalls 368,000 larger duty trucks for fire risks
General Motors Co said Friday it is recalling 368,000 medium- and heavy-duty diesel trucks equipped with engine-block heaters for fire risks after 19 reports of fires.
FCA sees U.S. pickup trucks hauling profits in rest of 2019
Fiat Chrysler Automobiles NV (FCA) said on Friday that new U.S. pickup truck models would help the automaker achieve its 2019 profit targets and offset a weak performance in the first quarter.
