BlackRock’s Fink warns global surprise could drive stock market correction
WASHINGTON (Reuters) – BlackRock Inc Chief Executive Officer Larry Fink warned on Friday that financial markets are ignoring underlying risks, which means there could be a “big correction” if a major surprise world event occurred.
Qualcomm files lawsuits in China to ban iPhones
(Reuters) – Qualcomm Inc confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s iPhones in the country.
Wall St. gains after economic data; tech shares give a boost
(Reuters) – U.S. stocks rose on Friday, hitting record highs again, helped by upbeat sentiment and retail sales data as well as gains in technology shares.
Weinstein Co said to explore sale or shutdown, but company denies report
(Reuters) – The Weinstein Co, the film production company part-owned by Harvey Weinstein, is exploring a sale or shutdown and is unlikely to continue as an independent entity, The Wall Street Journal reported on Friday, but the company’s co-chairman, B…
Wells Fargo revises expense outlook, signaling profit difficulties ahead
(Reuters) – Wells Fargo & Co management signaled on Friday that the bank may struggle to hit expense targets through next year, raising questions about how much a sales scandal is weighing on the bottom line.
Saudi Aramco in talks to shelve international IPO: FT
(Reuters) – Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter.
Ford offers repairs to prevent exhaust leaks in 1.4 million Explorers
WASHINGTON (Reuters) – Ford Motor Co said on Friday it will offer free repairs to North American owners of more than 1.4 million Explorer sport utility vehicles to help ensure that carbon monoxide and other exhaust gases cannot get into the vehicles, f…
Blackrock’s Fink warns global surprise could drive major market correction
WASHINGTON (Reuters) – Blackrock Inc Chief Executive Officer Larry Fink warned on Friday that the market could face a “big correction” if a major world event occurred.
Qualcomm files lawsuits in China to ban iPhones: Bloomberg
(Reuters) – Qualcomm Inc filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s iPhones in the country, Bloomberg reported on Friday.
Gasoline boosts U.S. consumer prices, underlying inflation tame
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast, but underlying inflation rem…
