Fiat Chrysler says it did not know about Marchionne’s illness
Fiat Chrysler said it knew nothing about the medical condition of Sergio Marchionne after a Swiss hospital said on Thursday it had been treating the deceased chief executive for more than a year.
Walmart taps Capital One for store cards, ends Synchrony deal: WSJ
Walmart Inc has chosen Capital One Financial Corp as the new issuer of its store credit card, ending a partnership with Synchrony Financial, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Facebook plunge puts Amazon investors on guard
A plunge in Facebook Inc shares rattled Amazon.com Inc investors on Thursday, and traders in the options market were defensive as the social network’s fellow FAANG company gets set to report quarterly results later in the day.
Facebook weighs on Nasdaq, but trade optimism boosts Dow
Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but the contagion was contained by a rise in trade-sensitive stocks after the United States and the European Union said they would negotiate on trade.
Global stocks struggle to hold four-month peak as Facebook plunges
World stock markets struggled to hold on to four-month highs on Thursday as a record sell-off in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade.
McDonald’s U.S. same-store sales miss estimates, shares drop
McDonald’s Corp missed quarterly U.S. same-store sales estimates for the first time in at least two years amid fierce competition in a slack restaurant market, sending its shares down as much as 2.3 percent in midday trading.
Swiss hospital says it treated former Fiat Chrysler CEO Marchionne for more than a year
Former Fiat Chrysler Chief Executive Sergio Marchionne was having treatment for a serious illness for more than a year before his death on Wednesday, University Hospital Zurich (USZ) said on Thursday.
U.S. touts EU trade deal, says others can also make progress
The United States will press ahead with European trade talks and also aim to strike a deal with Mexico and Canada in stalled negotiations over the North American Free Trade Agreement, U.S. Treasury Secretary Steve Mnuchin said on Thursday.
White House’s Kudlow says EU will help Trump confront China
White House economic adviser Larry Kudlow said on Thursday that European Commission President Jean-Claude Juncker had pledged to U.S. President Donald Trump that he would help the United States confront China over its trade practices.
Hedge funds hit by Qualcomm-NXP deal collapse
Hedge funds betting Qualcomm would succeed in a $44 billion bid for NXP Semiconductors face steep losses after the deal fell through – taking the shine off a strong start to the year for many funds.
