Sears investors claim hedge fund Cyrus improperly influencing credit market: letter
Investors who bought insurance meant to mitigate losses from Sears Holdings Corp’s bankruptcy proceedings are claiming that a hedge fund that sold the insurance is improperly influencing market proceedings, according to a letter seen by Reuters.
NASA to review workplace safety culture at SpaceX, Boeing
U.S. space agency NASA said on Tuesday it would review the workplace safety culture at SpaceX and Boeing Co, as the two companies gear up to fly astronauts to the International Space Station.
U.S. oil prices stabilize after 6-percent slump, but market remains on edge
U.S. oil prices stabilized on Wednesday after slumping more than 6 percent the previous day, with some support coming from a report of an unexpected drop in U.S. commercial crude inventories.
Asia stocks drop, oil stymied as growth woes grip global markets
Asian stocks fell on Wednesday, weighed by a renewed bout of selling on Wall Street, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets.
Oil slumps 6 percent as equities slide feeds demand worry
Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth.
USTR says China has failed to alter ‘unfair, unreasonable’ trade practices
The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high-stakes meeting later this month between U.S. President Donald Trump and Chi…
NASA to review workplace culture at SpaceX, Boeing
The U.S. space agency said on Tuesday it would review the workplace culture at SpaceX and Boeing Co , as the two companies gear up to fly astronauts to the International Space Station.
Renault names Ghosn stand-ins amid tension over Nissan probe
French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct.
DoubleLine’s Gundlach: Now is the time for capital preservation
Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify.
Wall Street sells off again as retail, energy struggle
U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl’s sank after weak earnings and forecasts, fueling worries about economic growth.
