Oil reaches more than three-month highs on U.S.-China trade hopes
Oil prices reached their highest levels since mid-November on Friday, boosted by hopefulness that the United States and China would soon reach a trade deal, but new record U.S. oil supply limited gains.
New York Governor Cuomo orders probe into Facebook access to personal data
New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a report that Facebook Inc may be accessing far more personal information from smartphone users, including health and other sensitive data, than had previously been know…
Volkswagen warns of challenges, to redouble efforts to meet targets
Volkswagen warned on Friday of a tough year ahead as its preliminary annual results were weighed down by currency effects and supply bottlenecks caused by new emissions testing rules.
AutoNation names new CEO as slowing auto sales hit results
AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicl…
Wall Street climbs as trade hopes power tech shares
U.S. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
Fed’s Bullard says not ready to call for another rate cut: Fox Business
St. Louis Federal Reserve Bank President James Bullard on Friday said he was not expecting another rate cut in 2019, but added that the U.S. Federal Reserve will see how the U.S. economy progresses this year.
Equifax says U.S. regulators seek damages related to 2017 breach
Credit reporting company Equifax Inc said it was informed by several U.S. regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people.
GM extends production at Detroit factory until early 2020
General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
Canada’s Barrick considers buyout of rival Newmont Mining
Canada’s Barrick Gold Corp said on Friday it considered making an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.
GM extends production at Detroit factory until early 2020
General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
