Blackstone posts 10 percent drop in second quarter distributable earnings
Blackstone Group LP on Thursday reported a 10 percent drop in quarterly distributable earnings, which it uses to pay dividends, as assets sales slowed even as many of its funds appreciated much more than the stock market.
Wall Street to open lower as earnings disappoint, tariff row escalates
Wall Street was set to open lower on Thursday after eBay and American Express reported disappointing results and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.
Boeing says sold 528 planes at Farnborough
Boeing Co said on Thursday it had won 528 new orders and commmitments at the Farnborough Airshow this week, buoyed by demand for freighters as air cargo markets rebound.
U.S. trade official downplays effects of new tariffs: CNBC
White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
EU regulators charge Qualcomm with additional violation in pricing case
EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.
Airbus says Farnborough orders reach 431 aircraft
Airbus said it has won orders and commitments for 431 aircraft at the Farnborough Airshow, finishing with a new wide-body order from AirAsia .
Blackstone posts 55 percent rise in second quarter earnings per share
Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, said on Thursday second-quarter earnings per share rose 55 percent from one year ago.
White House’s Navarro: Trump’s tariffs not as disruptive as headlines suggest
White House trade adviser Peter Navarro on Thursday told CNBC that U.S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked concerns of a trade war, is not as disruptive as many describe.
EU readies new trade retaliation list before Trump visit
The European Union’s trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.
Audi CEO Stadler presses for release from German custody
Audi’s suspended Chief Executive Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail, the Munich prosecutor’s office said on Thursday.
