Altria takes $4.5 billion charge as Juul investment sours amid vaping backlash
Altria Inc took a $4.5 billion hit from its investment in electronic-cigarette maker Juul Labs Inc on Thursday as it faced up to the financial...
Ukraine decries Nord Stream 2 approval, says it weakens Europe
Denmark’s decision to approve the Nord Stream 2 gas pipeline, designed by Moscow to bypass Ukraine, strengthens Russia and weakens Europe, Ukrainian President Volodymyr Zelenskiy...
U.S. weekly jobless claims rise more than expected
The number of Americans filing applications for unemployment benefits rose slightly more than expected last week, but the trend in claims remained consistent with strong...
U.S. consumer spending rises moderately, wages flat
U.S. consumer spending rose marginally in September while wages were unchanged, which could cast doubts on consumers’ ability to continue driving the economy amid a...
U.S. labor costs rise in third quarter
U.S. labor costs increased in the third quarter as a tightening labor market lifted wages across the board....
World stocks touch 20-month high, bond yields drop after Fed cuts
World stocks edged to their highest in over 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold...
Encana plans to move base to U.S. amid pipeline crunch in Canada
Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces...
Cigna raises 2019 forecast as Express Scripts buyout powers profit beat
Cigna Corp raised its full-year earnings target on Thursday, after reporting a better-than-expected quarterly profit boosted by its acquisition of pharmacy benefits manager Express Scripts...
Fiat Chrysler and Peugeot on course to create 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...
Oil prices dip as U.S. crude stocks and demand outlook 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...