Wall St. opens slightly higher, Kraft Heinz weighs on consumer staples
U.S. stocks opened slightly higher on Friday on hopes of a trade deal between the United States and China, but a 26 percent plunge in Kraft Heinz Co hit the consumer staples sector.
EU debates when to start trade talks with Trump
European Union ministers began debating on Friday when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if they wait too long.
Exxon, Microsoft strike cloud computing agreement for U.S. shale
Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer’s shale operations, they said on Friday, helping to boost profitability in the nation’s largest shale field.
EU trade chief sees EU decision soon to start U.S. trade talks
European Trade Commissioner Cecilia Malmstrom said on Friday she expected European Union governments to decide soon to start trade negotiations with the United States.
Kraft Heinz write-down puts focus on years of cost cuts, shares slump
Kraft Heinz Co shares fell 20 percent 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 Oscar Maye…
AutoNation misses profit, revenue estimates; names new CEO
AutoNation Inc reported lower-than-expected quarterly profit and revenue on Friday, as the largest U.S. auto retailer sold fewer new vehicles, and the company named a new chief executive officer.
Global shares up, Aussie dollar rebounds, Brent hits 2019 high
Global shares crept higher on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports.
UK’s Serious Fraud Office drops probes at Rolls Royce, GSK
Britain’s Serious Fraud Office (SFO) has dropped long-running investigations into individuals at aero engine maker Rolls-Royce and drugs giant GlaxoSmithKline, adding to a growing list of cases where the agency has failed to land convictions.
UBS sticks to dividend, capital return plans after French verdict
UBS plans to stick to its proposed dividend for 2018, CEO Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a 4.5 billion euro ($5.1 billion) penalty in a French tax ruling that the bank has appealed.
AutoNation says Liebert to replace veteran Mike Jackson as CEO
AutoNation Inc, the largest U.S. auto retail chain, said on Friday Carl Liebert will succeed longtime Chief Executive Officer Mike Jackson.
