World shares drop on weak Europe data, dollar extends run
Stocks around the world pulled back sharply on Thursday as fears of a global growth slowdown spread to Europe, while the U.S. dollar strengthened for a sixth session as central banks outside the country grow more cautious.
Chevron ties executive pay to methane and flaring reduction targets
Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday.
Fiat Chrysler shares tumble as 2019 guidance disappoints
Fiat Chrysler (FCA) shares fell 12 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker’s longer-term targets.
Tech leads Wall Street lower as global growth worries resurface
U.S. stocks fell on Thursday weighed down by the technology sector, as fears of a global slowdown were rekindled after the European Union cut its economic growth forecasts, while a slew of dismal quarterly reports also added to woes.
Danish pension giant seeks active Danske Bank role with stake rise
Denmark’s ATP pension fund, which handles the retirement savings of most Danes, has increased its stake in Danske Bank, which is mired in a money laundering scandal, saying it wants to be an active owner.
Twitter shares sink after weaker-than-expected revenue forecast
Twitter Inc said on Thursday revenue in the first quarter would be weaker than expected while full-year operating costs would rise, sending shares down more than 7 percent in premarket trading.
BB&T to buy SunTrust in biggest U.S. bank deal in a decade
A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007-2009 financial crisis, and more deals are likely, analysts and investors said.
Thomas Cook might sell airline to raise cash, shares climb
Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12 percent higher.
U.S. weekly jobless claims drop from one-and-a-half-year high
The number of Americans filing applications for unemployment benefits dropped from near a 1-1/2-year high last week, pointing to sustained labor market strength that should continue to underpin the economy.
Cannabis craze weeds out junior mining field
A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a sector long rife with cowboy speculators.
