U.S. adds another China e-commerce site to ‘notorious’ IP blacklist
The United States on Thursday added China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.
S&P 500 edges barely higher as industrials drag
The S&P 500 was clinging to a small gain on Thursday as concerns about slowing global growth and a dive in industrials stocks overshadowed gains in Facebook and Microsoft.
Morgan Stanley to pay $150 million to settle California crisis-era mortgage charges
Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.
Brent touches $75 per barrel after Europe halts Russian crude imports
Brent crude hit $75 per barrel on Thursday for the first time in nearly six months after quality concerns suspended some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.
Bombardier’s surprise forecast cut rattles stock, bond investors
Canada’s Bombardier Inc cut its full-year profit and revenue forecasts on Thursday as it wrestled with production challenges in its key railcar-making unit, rattling markets ahead of the company’s annual general meeting next week.
Southwest CEO says sticking with Boeing 737 MAX, no current plans for new models
Southwest Co Chief Executive Gary Kelly said on Thursday the company was sticking with its plan to keep growing its fleet with the 737 MAX made by Boeing Co and does not plan to order different aircraft models any time soon.
Glencore probed by U.S. CFTC for ‘corrupt practices’
Glencore Plc said on Thursday that the U.S Commodity Futures Trading Commission (CFTC) is investigating whether the miner and its units may have violated certain regulations through “corrupt practices”.
U.S. FAA, global aviation regulators to meet May 23 on Boeing 737 MAX
The U.S. Federal Aviation Administration said Thursday it is inviting top civil aviation officials from around the world to a May 23 meeting to discuss the now-grounded Boeing 737 MAX.
After years serving CEOs, Goldman’s Ayco also wants other workers
Goldman Sachs Group Inc is expanding a financial advisory service for top executives to target millions of other affluent employees at some of the biggest U.S. companies, as it seeks to build its retail and wealth management businesses.
UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink
United Parcel Service Inc said it saw signs of softening in the U.S. economy and issued a disappointing second-quarter profit forecast, sending shares down 7 percent even as it promised a strong end to the year.
