Lazard axes 200 jobs as profit falls amid dealmaking slowdown
Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment bank reported a 21% drop...
Kraft Heinz investors cheer profit beat, plans to boost marketing
Kraft Heinz Co said on Thursday that it was spending more on marketing for key brands next year, after reporting better-than-expected third-quarter profit that sent...
Wall Street falls on fresh trade jitters
U.S. stocks dropped on Thursday as uncertainty around a potential trade deal between United States and China overshadowed strong earnings reports from Apple and Facebook....
GM recalls 638,000 U.S. SUVs, trucks for unintended braking
General Motors Co is recalling 638,000 U.S. sport utility vehicles and pickup trucks because a wheel-speed sensor could fail and cause unintended braking, it said...
Oil prices dip as U.S. crude stocks and weak Chinese data weigh
Oil prices came under pressure on Thursday from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the...
Wall Street edges higher at open after strong Apple, Facebook results
U.S. stocks opened slightly higher on Thursday after strong quarterly reports from Apple and Facebook but uncertainty around a potential trade deal between the United...
Trump says U.S., China to announce new site to ink trade deal soon
U.S. President Donald Trump said on Thursday the United States and China would soon announce a new site where he and Chinese President Xi Jinping...
Facebook shares jump 5% after strong results
Shares of Facebook Inc rose nearly 5% on Thursday, a day after the social network reported its third straight rise in the pace of quarterly...
Wall Street set to open lower on trade concerns
Wall Street was set to open lower on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings...
Stronger together: Fiat Chrysler and Peugeot plan world’s No.4 carmaker
Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope...