VW warns of challenges, to redouble efforts to meet targets
Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules.
Madoff customer payout tops $12 billion
The court-appointed trustee liquidating Bernard Madoff’s firm said he began distributing $464 million to the imprisoned swindler’s former customers on Friday, boosting their recovery to roughly $12.2 billion.
Fed says U.S. economy ended 2018 with solid but weakening growth
The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary …
France wants agriculture kept out of a EU-U.S. trade deal: Elysee
France opposes including agricultural products in any trade deal between the United States and the European Union, a source at French President Emmanuel Macron’s office said on Friday.
Signs of progress in trade talks prop up Wall Street
U.S. stocks rose on Friday on signs of progress in the ongoing trade talks between the United States and China, but a plunge in shares of Kraft Heinz hit the consumer staples sector.
Kraft Heinz write-down puts focus on years of cost cuts, shares fall 27 percent
Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and O…
Oil hits new 2019 high on U.S.-China trade talk hopes
Oil prices rose on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
U.S. farmers receive $7.7 billion in trade aid to date: USDA
U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.
No clarity yet from Beijing on intellectual property: USDA trade official
Chinese trade negotiators have yet to provide clarity on how Beijing will address Washington’s demands for more protection of American intellectual property, a key issue in negotiations to end a trade dispute between the two countries, a U.S. Departmen…
EU drafting retaliatory tariff list hitting Caterpillar, Xerox, Samsonite: Bloomberg
The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. President Donald Trump imposes duties on European cars, Bloomberg News reported on Friday, citing an unnamed…
