Wall Street swings to gains as health, energy stocks rise
U.S. stocks reversed losses to trade slightly higher on Friday morning, helped by gains in energy and healthcare companies.
Dollar gains on euro woes, Fed rate outlook
The dollar climbed to a two-week peak versus a basket of currencies on Friday, boosted by gains against the euro amid concerns about the Italian budget and a U.S. interest rate outlook that reflects multiple rate hikes until 2020.
Professional queuers left out in the cold at Moscow iPhone launch
Hundreds of Russians braved the cold and rain to queue for days outside a Moscow phone store ahead of the release of the new Apple iPhones on Friday, but when the doors opened none stepped in to buy.
VW board delays decision on Audi CEO Stadler’s future: source
Volkswagen’s supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi , a person familiar with the matter said.
Split marks only first step in Thyssenkrupp renewal
Thyssenkrupp still has a long road ahead of it trying to raise margins and profits in its mediocre business divisions, investors and analysts said, adding a landmark move to split itself in two needed to be followed by changes to strategy.
Lockheed agrees to cut price for new F-35 fighter jets: Pentagon
The Pentagon and announced on Friday an $11.5 billion contract for 141 F-35 fighter jets from Lockheed Martin Corp , the biggest batch yet, lowering the price for the most common version of the stealthy jet by 5.4 percent to $89.2 million.
Bank of America clamps down on penny stocks with purchase ban: CNBC
Bank of America recently told its clients it was restricting the sale of stocks of tiny and unknown companies that trade over-the-counter for less than $5 each, CNBC reported on Friday, citing people with direct knowledge of the matter.
Global M&A volume drops in third-quarter as trade tensions loom
Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some de…
Fears for Musk’s future sink Tesla shares
Shares of Tesla Inc dived 13 percent in early trading on Friday as Wall Street worried a lawsuit from U.S. regulators could force Chief Executive Elon Musk to step down and make it difficult for the loss-making carmaker to raise more capital.
Musk would not give up chairman role to settle SEC lawsuit: CNBC
Tesla Inc Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources.
