Reuters: Business News
- Facebook agrees to provide additional documents in California AG data privacy probe November 21, 2019Facebook Inc has agreed to turn over additional documents after the California state attorney general's office went to court earlier this month to compel the social media firm to comply with requests for information in its privacy investigation.
- Nordstrom bucks trend of grim retail forecasts; share jump 8% November 21, 2019Nordstrom Inc raised its 2019 forecast, unlike many competitors, and reported third-quarter profit above Wall Street expectations on Thursday as it sold more off-price clothing and kept inventories in check, sending the retailer's shares up about 8% in extended trading.
- Australia's Westpac faces Goldman cut as money-laundering scandal rocks bank November 21, 2019Goldman Sachs cut its target price for Westpac Banking Corp as Australia's second-biggest bank faces the country's biggest money laundering scandal.
- Gap's Old Navy brand to exit China in early 2020 November 21, 2019Gap Inc said on Thursday it would not sell its Old Navy apparels in China from early 2020 and instead would focus on its North America market to boost sales.
- WeWork to lay off 2,400 employees in SoftBank revamp November 21, 2019WeWork said on Thursday it is laying off around 2,400 employees, almost 20% of its workforce, as the office-sharing company seeks to drastically cut costs after it transformed from a Wall Street darling into a pariah in a matter of weeks.
- Microsoft granted license to export 'mass-market' software to Huawei November 21, 2019Microsoft Corp said on Thursday it had been granted a license from the U.S. government to export software to Huawei Technologies Co Ltd.
- Judge rejects U.S. move to disqualify states' lawyer in T-Mobile/Sprint lawsuit November 21, 2019A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's planned $26.5 billion takeover of Sprint Corp .
- Wall Street dips as investors await U.S.-China trade progress November 21, 2019U.S. stock indexes moved slightly lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.
- Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end November 21, 2019Fiat Chrysler Automobiles NV on Thursday brushed off a shock lawsuit from General Motors Co and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world's fourth-largest carmaker.
- JPMorgan lowers account minimum, expands free trades for You Invest November 21, 2019JPMorgan Chase & Co said Thursday it is giving free online trades to more customers and lowering the amount of money needed to open one of its robo-adviser accounts, as firms across the industry bow to pressure to reduce fees and account minimums.
- Pelosi says progress was made on USMCA in meeting with Lighthizer November 21, 2019U.S. House Speaker Nancy Pelosi said on Thursday that progress was made on the U.S.-Mexico-Canada trade pact in a meeting she held with U.S. Trade Representative Robert Lighthizer and Richard Neal, the chairman of the House Ways and Means Committee.
- House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year November 21, 2019U.S. House Democrats said on Thursday they ironed out some differences with the White House over a trade agreement with Canada and Mexico, and Congress could still vote on the deal - one of President Donald Trump's top priorities - this year.
- Vivendi ready to sell part of Mediaset stake at a loss to end legal row: sources November 21, 2019French media group Vivendi is prepared to sell part of its stake in Mediaset at a loss in an attempt to reach a deal to end years of bitter legal disputes with the Italian broadcaster, two sources close to the matter said on Thursday.
- Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A November 21, 2019A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.
- Gap's quarterly profit beats; says plan to split Old Navy in place November 21, 2019Apparel retailer Gap Inc nudged past tempered quarterly profit expectations and reiterated its plan to separate Old Navy from the namesake brand.
- Stocks slip, dollar rebounds on trade hopes stir sentiment November 21, 2019The dollar rebounded and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year.
- Chinese antitrust regulator approves Boeing-Embraer deal November 21, 2019A Chinese antitrust regulator has approved Boeing Co's deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer , according to a statement on the regulator's website.
- GM's electric pickup to hit dealer showrooms in fall 2021: CEO November 21, 2019General Motors Co's first electric pickup truck model will go on sale in the fall of 2021, the company's top executive said, around the same time that electric carmaker Tesla Inc's own model is expected to debut.
- Saudi Aramco order book reaches 73 billion riyals so far: Samba November 21, 2019Saudi Aramco's initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia's Samba Financial Group said on Thursday.
- U.S. senators urge Trump administration to halt Huawei license approvals November 21, 2019A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses to U.S. firms that conduct business with China's Huawei Technologies Co, saying it could threaten U.S. security.