Russian court orders Baring Vostok’s Calvey to be kept in custody until April 13
A Moscow court has ordered Baring Vostok’s founder Michael Calvey to be kept in custody until April 13.
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.
China-U.S. trade talks ‘making a final sprint’: state media
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.
Automakers brace for U.S. government report on import tariffs
A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, au…
Starboard gauges Bristol-Myers shareholder support for Celgene deal
Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.
Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.
Amazon invites Ocasio-Cortez for tour, calls worker claims untrue
A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face “dehumanizing conditions” as being untrue and invited her to take a tour of company facilities.
Payless ShoeSource to start liquidation sales at stores
U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.
Venezuela opposition to leave Citgo funds, management untouched: envoy
Venezuela’s opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government’s U.S. envoy said on Friday.
Mattel warns of weak 2019, shares drop most in 20 years
Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.
