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Updated: 16 hours 41 min ago

HP says Xerox securing financing not basis for takeover talks

Thu, 01/09/2020 - 06:05
HP Inc said on Wednesday that Xerox Holdings Corp securing financing for its $33.5 billion (25.6 billion pounds) takeover offer for the personal computer maker is not a basis for a discussion and reiterated that the proposal still undervalues the company.

Uber stops upfront ride pricing in response to California worker law

Thu, 01/09/2020 - 05:29
Uber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for its rides in response to a new law that makes it harder to qualify its drivers as contractors.

Wall St. rises but ends well off day's highs amid renewed Middle East jitters

Thu, 01/09/2020 - 05:20
U.S. stocks ended higher on Wednesday, but the day's uneven path showed investors' sensitivity to any signs of turmoil in the Middle East, with stocks rising on comments by President Donald Trump and paring gains on reports of blasts in Baghdad.

New UK industry code aims to prevent Carillion-style crashes

Thu, 01/09/2020 - 03:36
Internal auditors should have direct access to top company bosses to help avoid Carillion-style corporate crashes, a new industry code said on Wednesday.

Exclusive: China suspends national rollout of ethanol mandate - sources

Thu, 01/09/2020 - 03:07
China has suspended its plan to implement a nationwide gasoline blend containing 10% ethanol this year, three sources briefed on the matter said, following a sharp decline in the country's corn stocks and limited production capacity of the biofuel.

Exclusive: U.N. investigators find Yemen's Houthis did not carry out Saudi oil attack

Thu, 01/09/2020 - 02:54
Yemen's Houthi group did not launch an attack on Saudi Arabia's oil facilities in September, according to a confidential report by U.N. sanctions monitors seen by Reuters on Wednesday, bolstering a U.S. accusation that Iran was responsible.

Oil slides, stocks soar as Mideast conflict worries fade

Thu, 01/09/2020 - 02:52
Oil prices tumbled and equity markets soared on Wednesday after U.S. President Donald Trump said an Iranian missile strike on bases in Iraq had not harmed American troops and damage was minimal, showing Tehran wanted to de-escalate the Middle East standoff.

Walgreens misses profit estimates on pharmacy weakness, shares fall 7%

Thu, 01/09/2020 - 01:13
Walgreens Boots Alliance Inc's quarterly profit missed Wall Street estimates on Wednesday, hit by lower payments from insurers on drugs sold at its U.S. pharmacies, knocking back its shares and those of rival CVS Health Corp .

Oil jumps as Iran rocket strike on U.S. forces jolts markets

Wed, 01/08/2020 - 08:13
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies.

Oil jumps as Iran rocket strike on U.S. forces jolts markets

Wed, 01/08/2020 - 08:05
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies.

Stocks tumble, gold and crude soar after Iran strike on U.S. forces

Wed, 01/08/2020 - 08:04
Asian shares and U.S. treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces, stoking fears of a wider conflict in the Middle East.

Dollar gains, oil slips as markets focus on Mideast

Wed, 01/08/2020 - 07:39
The dollar gained, helped by better-than-expected data in the U.S. non-manufacturing sector, and oil prices retreated on Tuesday as caution kept investors alert for developments in the U.S.-Iranian stand-off in the Middle East.

U.S. FAA says 'closely monitoring' aviation safety in Middle East after missile attack

Wed, 01/08/2020 - 07:26
The U.S. Federal Aviation Administration (FAA) said it was closely monitoring events in the Middle East and coordinating with U.S. airlines and foreign authorities about aviation safety after Iran launched a missile attack on U.S.-led forces in Iraq.

Gold soars past $1,600/ounce after Iran attack on U.S. forces

Wed, 01/08/2020 - 07:06
Gold prices surged more than 2% on Wednesday, crossing the key $1,600 mark, as investors sought cover in the safe-haven metal after Iran fired rockets at Iraqi airbase which hosts U.S. forces.

Gold edges up, but trades below seven-year peak as Middle East worries ebb

Wed, 01/08/2020 - 07:04
Gold prices inched higher on Tuesday, having earlier retreated from the previous session's almost seven-year high as fears of a larger Middle East conflict following the U.S. killing of a top Iranian general eased.

Ex-Nissan boss Ghosn's legal team accuses automaker of 'perversion of truth'

Wed, 01/08/2020 - 06:49
Fugitive ex-Renault-Nissan chief Carlos Ghosn's legal team opened fire on Nissan Motor Co Ltd , charging the automaker used a "flawed, biased" internal investigation to engineer Ghosn's arrest and stop him from more closely integrating Nissan and its French alliance partner Renault SA .

Japan seeks arrest of Ghosn's wife amid efforts to snare him

Wed, 01/08/2020 - 06:48
Japanese prosecutors on Tuesday issued an arrest warrant for Carlos Ghosn's wife for alleged perjury, as officials stepped up efforts to bring the fugitive car industry boss back to face trial on financial misconduct charges.

Wife of ex Nissan boss says arrest warrant an act of revenge - Le Parisien

Wed, 01/08/2020 - 06:48
The wife of former Nissan boss Carols Ghosn on Tuesday said a Japanese arrest warrant against her was to avenge her husband's escape from Japan's judiciary and described the act as petty.

Alibaba undercuts Amazon in Europe to woo wary brands

Wed, 01/08/2020 - 06:48
After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.

Barclays pressured by shareholders to cut fossil fuel financing

Wed, 01/08/2020 - 06:10
A group of Barclays shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe's biggest funders of the sector.