Exclusive: VW, Ford far apart on investment in Ford autonomous unit – sources
Volkswagen AG and Ford Motor Co have been unable to reach agreement on whether or how much the German automaker will invest in Ford’s self-driving vehicle unit, people familiar with the negotiations said.
BlackRock hires former Fed official Fischer as an adviser: memo
BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world’s largest fund manager said in a memo on Wednesday.
Jeans maker Levi Strauss files for stock market comeback
Jeans maker Levi Strauss & Co on Wednesday filed documents to list itself on the New York Stock Exchange, seeking to return to public markets after more than three decades.
Carlsberg rolls out the smart barrel
It is almost a barman’s dream – a keg that can monitor beer levels and alert the brewery for more supplies when stocks are running low, cutting the risk of running out of beer.
Ackman’s hedge fund gains nearly 25 percent in early 2019
Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill stocks.
Companies should make own decisions on stock buybacks: Fed’s Mester
U.S. companies should be left to make their own decisions about whether to buy back their own stock given strong economic conditions, Cleveland Federal Reserve President Loretta Mester said on Wednesday.
Wall St. moves higher on trade optimism
U.S. stocks extended a rally on Wednesday, powered by rising expectations that the United States and China could strike a deal during their trade talks, with sentiment buoyed by benign inflation data that did little to change the outlook on rates.
Exclusive: FBI investigating top Vitol executives in Americas – sources
The FBI is investigating energy trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U.S. role in a probe of foreign oil firms’ dealings wi…
T-Mobile CEO defending Sprint deal in Congress
T-Mobile US Inc Chief Executive John Legere was set to defend his company’s $26 billion deal to buy rival wireless carrier Sprint Corp in Congress on Wednesday, stressing the jobs it will create and how it will benefit the construction of the next gene…
Trump, Xi expected to meet ‘sometime in March’ – USDA official
U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff ba…
