Oil price fall, China data weighs on stocks
Stocks around the globe were closing in on their biggest drop in two weeks as soft Chinese data hit demand for risky assets while oil prices weakened again on Friday.
Oil slide, China worries send Wall Street tumbling
Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported.
GE shares tumble below $9 as JP Morgan analyst cuts price target
Shares of General Electric Co tumbled on Friday after a JP Morgan analyst slashed his target price on the stock to a lowly $6, dealing a fresh blow to the U.S. industrial conglomerate’s flagging share price.
Oil slide, China worries jolt Wall Street
The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth.
Oil falls 1 percent ; U.S. crude set for longest losing streak since 1984
Oil prices fell about 1 percent on Friday as global supply increased and investors worried that fuel demand could slow, putting U.S. crude on track for the longest stretch of daily declines since 1984.
Investors focus on retailers as wages rise
U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.
Microsoft made $1.3 billion in cash payments in GitHub deal
Microsoft Corp said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.
Exclusive: Softbank’s Saudi-backed Vision Fund to raise $4 billion in debt
SoftBank’s Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs and Mizuho to work on the deal, a presentation seen by Reuters said.
Exclusive: Takeda to win EU approval for $62 billion Shire deal – sources
Japanese drugmaker Takeda Pharmaceutical is set to win conditional EU antitrust approval for its $62-billion bid for London’s Shire, the biggest ever overseas acquisition by a Japanese company, two people familiar with the matter said on Friday.
GE says liquidity is ‘sound’ after analyst cuts target, stock falls
General Electric Co said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.
