U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
Canadian Prime Minister Justin Trudeau on Friday said China’s detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.
The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing.
The U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve’s Nowcast model…
Facebook Inc said it had fixed a bug that may have exposed private photos of up to 6.8 million users, the latest in a string of glitches that have caused regulators around the world to investigate the social media giant’s privacy practices.
The U.S. economy is expanding at a 3.0 percent annualized rate in the fourth quarter based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe exacerbated worries about global growth as investors considered the broader impact of the trade dispute between the United States and China.
U.S. President Donald Trump welcomed China’s move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.
French President Emmanuel Macron said on Friday that Ford’s decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was actively seeking a buyer for the site.
Huawei [HWT.UL] faces fresh challenges in Europe after Germany’s Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.
Shares of Johnson & Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. T…
Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to dar…
U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks.
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America.
London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world’s biggest credit data firm Experian Plc .
– U.S. business inventories rose solidly in October as stocks at retailers increased by the most in more than a year, suggesting inventory investment could contribute to economic growth in the fourth quarter.
U.S. industrial output rose in November as a jump in mining and utilities production was offset by drops in other sectors including business equipment and construction.