Category: Money

Tesla Quite Likely To Meet Model 3 Goal Musk Remains Chairman

SAN FRANCISCO – Tesla Inc Chief Executive Elon Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was “quite...

Northrop Grumman Wins Us Antitrust Approval To Buy Orbital Atk

WASHINGTON – U.S. defense contractor Northrop Grumman (NOC.N) won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK, Inc (OA.N), with...

Hp Sees Up To 5000 Job Cuts As Part Of Restructuring Plan

– HP Inc (HPQ.N) now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on...

Us Retailers Restaurants Say Tax Law Drafting Error Delays Investments

WASHINGTON – A coalition of retailers and restaurants on Tuesday asked the U.S. Congress to fix a “drafting error” in December’s tax-cut bill...

Blackrock Promises Selective Fee Cuts To Capture Growth

NEW YORK – BlackRock Inc (BLK.N), the world’s largest asset manager, on Tuesday said it would continue to reduce fees on a small group of its products with...

America Movil To Launch New Us Unit For Business Clients

MEXICO CITY – Mexican telecommunications company America Movil, controlled by the family of Mexican billionaire Carlos Slim, is launching a U.S.-based unit that...

Nasdaq Ends At Record Close Sampp Edges Higher On Data

– The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged...

Exclusive Chinas Zte Signed Preliminary Agreement To Lift Us Ban -sources

– ZTE Corp (000063.SZ) has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese...

Ubs Hires Solon Kentas To Lead Us Consumer And Retail Mampa

– UBS Group AG (UBSG.S) has appointed Solon Kentas, previously a managing director at Deutsche Bank AG (DBKGn.DE), to lead the Swiss bank’s U.S. consumer and...

Wells Fargo Pulls Back From Us Midwest Selling 52 Branches To Flagstar

– Wells Fargo & Co (WFC.N) is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a...