Result Page 112 for Latest Markets News & Archive

Markets

J.C. Penney names Home Depot executive to succeed CEO Ullman

J.C. Penney Co Inc (JCP.N) named Marvin Ellison, credited with resurrecting Home Depot Inc's (HD.N) U.S. business, as its next chief executive as the department store operator looks to push on since stemming a two-year long sales decline.

Oct 13, 2014 12:05 PM EDT

Markets

Exclusive: Privately, Saudis tell oil market- get used to lower prices

Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch.

Markets

In GM bankruptcy, an ex-con and hedge funds find common ground

Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he’s getting support from an unlikely source: hedge funds.

Markets

FCA opens up 2.7 percent in Milan in market debut

Shares in carmaker Fiat Chrysler Automobiles (FCA) opened 2.7 percent higher on the Milan bourse on Monday, their first day of trading as a newly-merged company.

Fiat Chrysler crowns merger with Wall Street debut

Fiat Chrysler Automobiles (FCA) made its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.

Oct 13, 2014 11:29 AM EDT

Ford to add 850 jobs at Dearborn factories for new F-150 truck

Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck.

Oct 13, 2014 11:24 AM EDT

Apple given time to block info in GT bankruptcy case: ruling

Apple Inc (AAPL.O) will have at least three days to review and potentially move to bar any information about its relationship with GT Advanced Technologies Inc (GTAT.O) that may arise during the latter's bankruptcy hearings, the court said in a ruling on Thursday.

Oct 10, 2014 11:42 AM EDT

Fund managers line up for high-yielding energy company subsidiaries

The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry.

Oct 10, 2014 11:34 AM EDT

Exclusive: Cadillac's new boss maps out product blitz by 2020

Cadillac's new boss plans a blitz of new products by 2020, from a pure battery-electric car to an ultra-luxury sedan, that he hopes will help resurrect General Motors' (GM.N) struggling premium brand and make it a global powerhouse.

Oct 10, 2014 11:29 AM EDT

GM says Sept China auto sales up 15.2 percent year-on-year

General Motors Co (GM.N) and its Chinese joint ventures sold 319,936 vehicles in China in September, up 15.2 percent from a year earlier, the U.S. automaker said on Friday

Oct 10, 2014 11:24 AM EDT

Nissan says Sept China auto sales down 20 percent year-on-year

Japanese automaker Nissan Motor Co Ltd (7201.T) said on Friday that, together with its Chinese joint venture partner, it sold about 93,700 automobiles in China in September, down 20 percent from a year earlier.

Oct 10, 2014 11:19 AM EDT

BMW outsells Audi, Mercedes but lead over rivals shrinking

BMW (BMWG.DE) outsold German rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.

Oct 10, 2014 11:11 AM EDT

Nissan recalls 238,000 2013 Altima sedans on hood latch issue

Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.

Oct 10, 2014 11:03 AM EDT

Icahn urges Apple to buy back more shares

Billionaire activist investor Carl Icahn said Apple Inc's (AAPL.O) shares could double in value and urged the company's board to buy back more shares using its $133 billion cash pile.

Oct 09, 2014 11:32 AM EDT

Drop in U.S. jobless claims points to labor market strength

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

Oct 09, 2014 11:28 AM EDT

Energy shares extend recent decline

Energy shares were once against the biggest losers of the day in morning trading on Thursday, continuing a recent trend of weakness amid falling oil prices.

Oct 09, 2014 11:01 AM EDT