Daimler confirms 2018 group EBIT outlook despite mobility deal delay
Daimler said a proposed deal to combine its mobility services company with that of rival BMW will not close this year, forcing the carmaker to lower the outlook for its financial services division.
Italy’s Barilla challenges Nutella with ‘Pan di Stelle’ spread
Italian baker and pasta maker Barilla said it would launch in January a chocolate and hazelnut spread named after its signature ‘Pan di Stelle’ biscuits – in a challenge to market leader Nutella.
OPEC tentatively agrees to oil cut, waits for Russia to commit
OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
Oil falls after OPEC delays output decision
Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day.
U.S. trade deficit hits 10-year high; job growth slowing
The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been in…
China fears, lower oil erase 2018 gains for S&P, Dow
U.S. stocks tumbled on Thursday, erasing this year’s slim gains in the S&P 500 and the Dow Jones Industrial Average, as the arrest of a top Huawei executive sparked fears of a flare-up in Sino-U.S. tensions, while weak oil prices added more pressure.
Barrick Gold to sell assets, reduce head-office management: WSJ
Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Sears Chairman Lampert submits bid to buy bankrupt retailer
Sears Holdings Corp Chairman Eddie Lampert’s ESL Partners LP has submitted a bid valued at $4.6 billion to buy the bankrupt retailer, the hedge fund said on Thursday.
Lyft beats bigger rival Uber in filing for IPO
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies.
Deutsche Bank not raising provisions tied to Danske, Panama: source
Deutsche Bank will not raise provisions in connection with an investigation into separate money laundering investigations related to the Panama Papers and Danske Bank , a source with direct knowledge of the matter said.
