Pershing Square checks into Hilton again with new stake
Billionaire investor William Ackman has taken a stake in hotel operator Hilton Worldwide Holdings for the second time in two years after earning a 32 percent profit on his investment in 2017.
Exclusive: Chevron in talks to buy Brazilian oil company’s Texas refinery – sources
Chevron Corp has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA , three people familiar with the matter said this week.
Republican U.S. senator decries USDA aid for WH Group unit Smithfield
A prominent Republican on the U.S. Senate Agriculture Committee on Thursday complained about Smithfield Foods Inc receiving aid from the U.S. Agriculture Department meant to help U.S. farmers hurt by Chinese trade tariffs given that it is a unit of a C…
Earnings, bargain-hunting boost Wall St. after selloff
U.S. stocks gained on Thursday as Microsoft’s strong earnings helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
Wall Street follows Europe higher, dollar rises
U.S. stocks followed Europe higher on Thursday after investors ventured into risky bets again with encouragement from some strong earnings and the dollar rose against the euro after remarks from Europe’s Central Bank chief fueled fears about the moneta…
U.S. shale producers eye global pricing as exports surge
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels that will find a home overseas.
Five things to know about Trump’s war (of words) on the Fed
With U.S. stocks well down from their record highs in September and key elections less than two weeks away, President Donald Trump has stepped up his criticism of the Federal Reserve’s interest rate increases and of Jerome Powell, the man he picked to …
Few see Trump-friendly U.S. stock recovery before elections
U.S. President Donald Trump’s favorite report card on his presidency may be failing him at a critical moment.
British tycoon Green named over alleged sexual harassment
Retail billionaire Philip Green, one of Britain’s most prominent businessmen, was named in parliament on Thursday as having taken legal action to try to prevent publication of allegations of sexual harassment against him.
UPS gears up for heavy-duty eBike delivery test in Seattle
United Parcel Service Inc on Thursday will unveil an urban delivery test in Seattle that uses electric bicycles geared to carry packages in large preloaded boxes to save time and cut pollution, the company said.
