California regulator stunned by impact of his reassurance on PG&E
The chief of California’s top utilities regulator said on Friday he was “stunned and terrified” to learn that reassurances he made to investors about PG&E caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes.
Gubitosi seen as favorite to become Telecom Italia CEO: sources
Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy’s biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said.
Oil edges up in volatile session but falls for sixth straight week
Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply…
S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.
Dollar, U.S. yields slide on Fed official rate talk
The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.
Bombardier CEO meets investors as stock dives 21 percent
Bombardier Inc’s top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 23 percent in afternoon trading, two sources familiar with…
Wall Street advances on trade optimism; Nvidia, Facebook lag
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.
Dollar falls as Fed officials ring note of caution, pound bounces
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.
Trump says U.S. may not impose more tariffs on China
U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some ma…
Delta adds 10 A330neo in boost to Airbus’ slow-selling jet
U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model.
