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Wall Street falls as Fed signals smaller rate cut

2 days ago DieselGasoil Comments Off on Wall Street falls as Fed signals smaller rate cut
NEW YORK (Reuters) – Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid Read More

BMW picks insider Zipse as CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks insider Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

Exclusive: J.C. Penney taps debt restructuring advisers – sources

3 days ago DieselGasoil Comments Off on Exclusive: J.C. Penney taps debt restructuring advisers – sources
(Reuters) – J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday. FILE PHOTO: A J.C. Penney Company Inc. store is pictured at a mall in Langhorne, Pennsylvania, U.S. November Read More

Wall Street rises as Fed’s Williams cements rate-cut expectations

3 days ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams cements rate-cut expectations
NEW YORK (Reuters) – U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month. Traders work on the floor of the New York Stock Exchange in New Read More

Wall Street rises as Fed’s Williams bolsters rate-cut hopes

3 days ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams bolsters rate-cut hopes
NEW YORK (Reuters) – U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank. Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan Read More

Wall Street falls as Netflix adds to earnings jitters

3 days ago DieselGasoil Comments Off on Wall Street falls as Netflix adds to earnings jitters
(Reuters) – Wall Street’s main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies. Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid Read More

Wall St. dips as trade worries weigh; Netflix tumbles

4 days ago DieselGasoil Comments Off on Wall St. dips as trade worries weigh; Netflix tumbles
(Reuters) – U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note. Traders work on the floor of the New York Stock Exchange in New York, United States, July Read More

Verizon resurrects media business as safe haven on the internet

4 days ago DieselGasoil Comments Off on Verizon resurrects media business as safe haven on the internet
New York (Reuters) – Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid After Read More