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Amazon CEO says wants to work more with Pentagon

1 hour ago

Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself.

Mexico, U.S. 'getting close' on finalizing USMCA: Mexican official

2 hours ago

Mexico's deputy foreign minister for North America said on Saturday that negotiators were making progress on revisions to the United States-Mexico-Canada Agreement (USMCA) trade deal.

Proxy adviser ISS opposes plan by Hudson's Bay chairman to take firm private

3 hours ago

Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson's Bay Co to take the Saks Fifth Avenue owner private after the bid was topped by an offer from Catalyst Capital Group Inc.

Ericsson to pay over $1 billion to resolve U.S. corruption probes

3 hours ago

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Fiat appeals to Europe's top court against $33 million EU tax order

3 hours ago

Carmaker Fiat Chrysler has lodged an appeal with Europe's top court against an EU order to pay 30 million euros ($33 million) in Luxembourg back-taxes, seeking to overturn a lower tribunal ruling backing EU antitrust regulators.

Tesla boss Elon Musk wins defamation trial over his 'pedo guy' tweet

5 hours ago

Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.

Musk's defamation win may reset legal landscape for social media

5 hours ago

((This December 6 story is refiled to fix typo in quote in paragraph nine))

Mexico says 'good progress' on trade deal although work remains

11 hours ago

Negotiators working to close a new North American trade deal have made "good progress" but many elements are not yet resolved, Mexico's deputy foreign minister said on Friday.

Mexico official lauds progress on trade deal but says work remains

11 hours ago

Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made "good progress" to close the United States-Mexico-Canada Agreement (USMCA) trade deal, but many elements remained to be resolved.

Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victims

12 hours ago

California's bankrupt power producer PG&E Corp said on Friday it had reached a $13.5 billion settlement with victims of some of most devastating wildfires in the state's modern history.

Trump calls for World Bank to stop loaning to China

16 hours ago

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.

Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close

17 hours ago

The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war.

FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

18 hours ago

The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co, alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes.

JPMorgan banker testifying for cartel prosecutors says there was no agreement

18 hours ago

A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.

Global stocks rally, dollar gains on robust U.S. jobs data

21 hours ago

The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks.

Wall Street climbs on solid jobs data, trade hopes

21 hours ago

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.

Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

21 hours ago

A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

22 hours ago

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

What deeper OPEC+ oil output cuts mean for the market

39 min ago

Saudi Arabia and Russia led a deal on Friday in which OPEC and its allies committed to deeper oil output cuts in the first quarter of 2020 aiming to avert oversupply and support prices.

U.S. lawmaker says Uber must take action after disclosing sexual assault reports

42 min ago

The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursday it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year.