Category: Business

NEW YORK – U.S. stocks rebounded to close sharply higher on Wednesday after incremental stimulus proposals helped investors recover from the shock of President Donald Trump’s announcement on Tuesday that he would halt stimulus talks until after the Nov. 3 election. Increased risk appetite also resulted in weaker Treasury prices and a steepening yield curve […]

TOKYO – Japan’s Sharp Corp 6753.T said on Wednesday it has signed a licensing agreement with Daimler DAIGn.DE as it settled a patent infringement lawsuit against the German automaker over in-vehicle mobile communications technology. The Japanese electronics firm won the patent dispute in a ruling last month by a German court that allowed Sharp to […]

PARIS – Frederic Oudea promised Societe Generale investors “growth with lower risk” after he became chief executive in 2008, the year a rogue trader lost billions in equity derivatives and brought the French bank close to collapse. Fast forward a decade and SocGen’s share price is at a record low and the bank’s market capitalisation […]

AMSTERDAM – As the world convulses in crisis, and tens of millions of us dig in for the long haul of working from home, one question looms large: who pays for the tea and toilet paper? The answer, according to the Dutch, is your bosses. And how much? About two euros ($2.40) per working day, […]

PARIS – Antoine Frerot, the chairman and chief executive of French utility Veolia VIE.PA, told Le Figaro newspaper in an interview published on Wednesday that a deal with its bid target Suez SEVI.PA was still possible. “We can arrive at an agreement with Suez,” Frerot told the paper, adding he thought another two or three […]

A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit. House panel issues scathing Big Tech complaint 01:59 The antitrust subcommittee of the Judiciary Committee […]

WASHINGTON – The Federal Aviation Administration (FAA) on Tuesday issued a draft report on revised training procedures for the Boeing BA.N 737 MAX, a key milestone to the plane’s eventual ungrounding. The FAA said the draft Flight Standardization Board report would be open for public comment through Nov. 2 before the procedures are finalized. The […]