UK public pension group to oppose Ryanair at AGM
Ryanair faced growing criticism from unions and investors on Friday about how it has handled an industrial relations revolt ahead of its annual shareholder meeting next week when its veteran chairman’s position will be challenged.
U.S. auto sector output boosts industrial production
U.S. industrial production rose in August, as strong output in auto manufacturing offset lackluster production in the rest of the factory sector.
U.S. retail sales barely rise; import prices drop
U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.
U.S. import prices post largest drop in more than one-and-a-half years
U.S. import prices recorded their biggest drop in more than 1-1/2 years in August amid declines in the cost of fuels and a range of other goods, suggesting a strong dollar was curbing imported inflation pressures.
Wall Street to open higher on hopes of U.S.-China trade talks
U.S. stock index futures pointed to a higher open on Friday as hopes that the United States and China would start new trade talks calmed fears of a trade war and as technology stocks rose.
UK public pension group calls for ‘oppose’ votes at Ryanair AGM
Britain’s Local Authority Pension Fund Forum (LAPFF) on Friday said it had recommended members vote against Ryanair’s financial report and accounts at its annual general meeting next week, as well as the re-election of the chairman.
U.S. retail sales post smallest gain in six months
U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data likely keep intact expectations of strong economic growth in the third quarter.
Wells Fargo sees total expenses dropping by $3 billion by 2020: CFO
Wells Fargo & Co’s chief financial officer said on Friday the bank expects to reduce total expenses by about $3 billion by 2020.
World stocks boosted by trade hopes, tech, and Turkey
World stocks hit their highest levels in over a week on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite.
Futures tick higher on hopes of U.S.-China trade talks
U.S. stock index futures edged higher on Friday amid optimism that the United States and China would start new trade talks and as technology stocks rose.
