Earnings boost stocks as trade fears cap gains; sterling slumps
Stock markets lifted on Monday after strong corporate earnings turned Wall Street positive, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
Wall St climbs with help from Berkshire Hathaway, Facebook
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, and Facebook lifted the tech-heavy Nasdaq index after a report it was planning new services.
Harley seeks alliance for lightweight bikes to grow India business
Harley-Davidson Inc is scouting for a partner with a manufacturing and distribution footprint to make lightweight motorcycles for use in India and other Asian markets, a top company executive said.
U.S. banks further eased business loan standards in Q2 2018
Loan officers at U.S. banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged in the second quarter, a Federal Reserve survey showed on Monday.
Berkshire shares surge as U.S. economy fuels broad-based strength
Shares of Warren Buffett’s Berkshire Hathaway Inc surged on Monday to their highest level since March after the conglomerate reported strong second-quarter results in several major business lines.
Mexico minister says U.S. studying NAFTA rules of origin proposal
Mexico’s economy minister Ildefonso Guajardo said on Monday that the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and that the United States is studying it.
Strong earnings, Facebook drive Wall Street higher
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, while gains for Facebook on a report that it was planning to offer new services, lifted the tech-heavy Nasdaq index.
S&P gains on strong earnings, Facebook lifts Nasdaq
The S&P 500 edged higher on Monday, buoyed by strong results from Berkshire Hathaway Inc and Tyson Foods, while Nasdaq got a lift from gains in Facebook and PepsiCo.
BMW Korea apologizes as 27 vehicles catch fire over January-July
BMW’s South Korean unit apologized over a spate of engine fires, estimated by the country’s transport ministry at 27 over January to July, that has prompted a government probe and a major backlash from consumers.
