Chinese conglomerate HNA plans significant job cuts: REDD
HONG KONG (Reuters) – Chinese conglomerate HNA Group, faced with liquidity concerns after recent debt-fuelled acquisitions, plans “significant cuts” in its workforce this year, Risk Event-Driven and Distressed Intelligence (REDD) reported, citing five …
Asian stocks slide, dollar near five-week high as Powell revives Fed rate fears
TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting…
Walmart joins Dick’s Sporting Goods in raising age to buy guns
WASHINGTON/NEW YORK (Reuters) – Walmart Inc , the largest U.S. retailer, joined Dick’s Sporting Goods Inc in raising the minimum age to purchase firearms to 21 after the massacre at a Florida high school that has reopened a fierce debate over gun cont…
Spotify plans to list shares, fend off Apple and Amazon
(Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, laying out financial data for the first time that cheered some analysts but led others to question how it could turn a profit from its growing subscriber…
Amid NAFTA talks, Mexico airs concerns over U.S. steel tariffs
MEXICO CITY (Reuters) – Mexico’s economy minister met with top U.S. trade officials on Wednesday midway through the latest push to renegotiate the NAFTA trade deal, as concerns about steel added to trade tensions between the two countries.
Best Buy plans to shut 250 small U.S. mobile phone stores
(Reuters) – Best Buy Co Inc , the No. 1 U.S. consumer electronics retailer, on Wednesday said it will shut 250 small mobile phone stores in U.S. malls as it looks for ways to operate more profitably and turn around its business amid intense competition…
Wall Street slides late; S&P 500 caps worst month since Jan 2016
NEW YORK (Reuters) – U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries over rising interest rates, and the Dow and S&P 500 capped their worst months since January 2016.
FCA to review potential Magneti Marelli spinoff in second quarter
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) said on Wednesday that in the second quarter the automaker would review the possible spinoff of its Magneti Marelli unit.
Spotify files for direct listing on New York Stock Exchange
(Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the U.S. public markets for a large company.
Wall Street slides late, S&P caps worst month since Jan 2016
NEW YORK (Reuters) – U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by worries over higher interest rates, and the Dow and S&P 500 capped their worst months since January 2016.
