Page 2232 - Business Finance
Campbell, Third Point battle heats up, no concessions on the table
CHICAGO/BOSTON (Reuters) - Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker's future on Thursday as the hedge fund manager tried to woo retail shareholders and the company's interim chief executive told Reuters that Loeb had left no room for compromise.
Wall St. drops on Italy, Saudi Arabia worry
NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors' appetite for risk.
Wall Street drops on Italy, Saudi Arabia worry
NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors' appetite for risk.
Oil falls on concerns over escalating trade row
HOUSTON (Reuters) - Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies.
Gold rises as stocks dip, sound technicals bolster appeal
(Reuters) - Gold rose on Thursday as renewed weakness in global stock markets spurred investors to seek refuge in bullion, which has also been helped by an improved technical outlook.
Wall St. slides on Saudi Arabia, Italy concerns
NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia.
US sports leagues could see $4.2 billion annually from legal betting -survey
NEW YORK (Reuters) - The four major U.S. professional sports leagues could reap a combined $4.2 billion annually as a result of legal sports betting, most of it indirectly from increased fan engagement, according to a casino industry survey released on Thursday.
U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.
Third Point video urges retail investors to replace Campbell Soup board
BOSTON (Reuters) - Activist investor Daniel Loeb turned up the heat on Campbell Soup Co on Thursday with a video aimed at persuading retail investors to vote with his hedge fund Third Point LLC to replace the food company's entire board of directors.
Oil pares losses as focus returns to Iran sanctions
HOUSTON (Reuters) - Oil prices dipped on Thursday but pared losses as investors turned their attention to the impending loss of Iran's crude exports after the United States re-imposes sanctions in early November.
Global Markets: Souring sentiment drags stocks lower; oil falls
NEW YORK (Reuters) - Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.
VW's Porsche expects to repeat record vehicle sales this year
FRANKFURT (Reuters) - Volkswagen's Porsche sports car brand is confident it can repeat last year's record sales in 2018, the division's chief executive told Reuters.
Exxon Mobil bets big on China LNG, sidesteps trade war
HOUSTON/SINGAPORE (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs.
Global Markets: Dollar rides a Fed wave higher; stocks, oil drop
NEW YORK (Reuters) - The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymakers showed unity in favoring more rate hikes next year.
Wall Street slides on weak earnings, hawkish Fed, Saudi concerns
(Reuters) - U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.
Sundaram-Clayton inaugurates its new Rs 150 crore foundry in Tamil Nadu
Sundaram-Clayton, part of the TVS Group, Thursday inaugurated its new foundry in Tamil Nadu set up with an investment of over Rs 150 crore. The Oragadam-based facility will primarily serve Hyundai Motor India, the company said in a statement. The new facility was inaugurated by Hyundai Motor India Managing Director and CEO Young Key Koo.
India might be removed from US currency monitoring list
The United States might exclude India from "the monitoring list" of its "major trading partners that merit close attention to their currency practices and macroeconomic policies".
Airlines to fly 23,117 domestic flights every week during winter schedule
Domestic airlines will operate 22 per cent more flights every week at 23,117 during winter schedule spanning from end of October till late March 2019, according to officials. The number of flights represents an increase of 22 per cent compared to the winter schedule of 2017, they added. The winter schedule would be from October 28, 2018 to March 24, 2019. Civil Aviation Ministry officials said the winter schedule 2018 for domestic airlines has been approved. In all, 23,117 departures per week have been approved. There is net increase of departures by 22 per cent compared to winter schedule 2017. Every departure is considered as a flight. India is one of the fastest growing domestic aviation markets in the world and has been registering double-digit growth continuously for more than three years.
Blackstone waves off concerns over Saudi funding
NEW YORK (Reuters) - Blackstone Group LP, the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
BSE revises circuit limit for 11 scrips
Leading exchange BSE has revised the circuit limit for shares of 11 companies to curb excessive volatility in prices. The new limits, effective Friday, will ensure stock prices do not fluctuate beyond a prescribed level during a session. In a notice dated October 17, the BSE said trading members of the exchange are informed that the price band has been revised from existing levels in 11 scrips with effect from October 19. A circuit limit of 20 per cent has been set for Mac Hotels and Manorama Industries and, 10 per cent for P B Films, Energy Development Company and India Cements Capital, according to the notice. Besides, a price band of 5 per cent has been set for R&B Denims, Shristi Infrastructure Development Corporation, Ind Bank Housing and E-Land Apparel, while 2 per cent for Apoorva Leasing Finance and Investment Company and Srestha Finvest. Circuit filter mechanism is used by the BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is ...