Wall Street inches up on trade optimism but growth worries weigh
U.S. stocks edged higher on Thursday, helped by optimism over progress in U.S.-China trade talks, but concerns about an economic slowdown after a cut in fourth-quarter GDP growth limited the day’s advance.
Washington state reviewing WTO Boeing tax case ruling: statement
Washington Governor Jay Inslee said on Thursday his state was reviewing a World Trade Organization ruling against Boeing Co on a tax case and will consult with the U.S. Trade Representative on next steps.
Benchmark yields higher, stocks mixed with eye on trade, growth outlook
Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while world share markets were mixed with an eye on U.S.-China trade talks and economic growth.
U.S. economy shifts into low gear as fiscal boost wanes
The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent target, and corporate profits fell by the most in a year after a one-off boost from lower taxes.
Wall Street treads water as growth worries weigh; trade in focus
Wall Street’s main indexes swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was clouded by fears of an economic slowdown after a cut in fourth-quarter GDP growth.
WTO says U.S. failed to halt state tax subsidy for Boeing
The World Trade Organization said on Thursday the United States had ignored its request to halt a subsidized tax break for Boeing Co in its main plane-making state of Washington as a 15-year-old transatlantic trade row edges towards tit-for-tat sanctio…
EssilorLuxottica deadlock set to drag on after arbitration request
A row over who is in charge at Ray-Ban maker EssilorLuxottica could drag on for two years or more after the recently merged group’s executive chairman filed an arbitration request after alleged violations of a power-sharing agreement.
N.Y. accuses opioid maker Purdue of illegal fund transfers to Sacklers
Purdue Pharma LP fraudulently transferred funds to members of the wealthy Sackler family who control the OxyContin maker despite knowing it faced major liabilities that had made it already insolvent, New York’s attorney general alleged on Thursday.
WTO says U.S. failed to withdraw state tax break for Boeing
The World Trade Organization said on Thursday the United States had ignored a request to withdraw subsidized tax breaks to Boeing in its main planemaking state of Washington as a 15-year-old transatlantic trade row edges towards tit-for-tat sanctions.
Exclusive: J. Crew turns again to debt restructuring lawyers – sources
J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said o…
