Carl Icahn bought more shares in Herbalife Ltd. on Friday after the stock fell on a Wall Street Journal article that reported he had discussed possibly selling his stake, including in part to rival William Ackman.
Stock markets and the loonie had barely moved Thursday in anticipation of Yellen’s speech Friday at the central bank’s annual summer symposium in Jackson Hole, Wyo. Yellen is to address the gathering on Friday.
The settlement marked the end of a legal battle between Dauman and Viacom board member George Abrams over their removal by Sumner Redstone from the Sumner M. Redstone National Amusements Inc Trust in May.
Target chose to sever all ties with its supplier after it was caught marketing and selling cheap bed sheets and towels as the higher quality, premium Egyptian cotton.
In other news, EVP John Vonberg sold 35,410 shares of Plains All American Pipeline L.P. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $29.95, for a total value of $1,060,529.50. The average volume stands around 3.3 million shares....
The new trainset will operate along the Washington-New York-Boston Northeast Corridor initially at speeds up to 160 mph (mile per hour) and will be capable of speeds up to 186 mph, the company said.
The Fed has policy meetings scheduled in September, November and December. But with labor market indicators improving from an abrupt downturn, and with Brexit-related jitters easing, market players are again expectantly awaiting action by the central bank.
Growth of the USA economy in the second quarter was revised down as expected while consumer spending registered an unexpected increase, according to official data released on Friday.
Vice chairman of Lotte Group, South Korea’s fifth-largest conglomerate, was found dead on Friday, suspected of committing suicide before appearing for questioning amid the ongoing criminal probe into the group on allegations of slush funds and embezzlement.
Corn and beans closed lower on Friday amid record crops in the U.S. Midwest, while wheat declined after the International Grains Council cut its outlook for global production.
It is time for the Federal Reserve to raise USA interest rates gradually, given progress on employment and inflation, Kansas City Fed President Esther George said in television interviews, kicking off a high-profile conference in Jackson Hole, Wyoming, with a cautiously hawkish view.
St. Jude Medical Inc. rejected allegations that its pacemakers and defibrillators are vulnerable to cybersecurity attacks, saying a report issued by short-seller Muddy Waters Thursday was “false and misleading”. The investment management company now holds a total of...