EssilorLuxottica's 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns, people familiar with the matter said on Friday.
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.
Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people.
Oil prices will remain supported near current levels this year as persistent geo-political risks and OPEC-led output curbs help offset growing supply from other producers, a Reuters poll showed on Friday.
Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf of Mexico project, shale gas assets in Appalachia and the Kitmat LNG project in Canada.
U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which could confine the economy to a slow growth lane.
Widely blamed for volatile "flash crashes" in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
Nobody likes talking about nursing home care, yet the only way to protect your family — and your savings — from this expense is to plan well in advance. Here are four key topics to consider.
Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, as assets sales propped up flat year-over-year oil and gas output and weakness in its refining and chemicals businesses.
Caution about the economic impact of the coronavirus epidemic knocked U.S. stock index futures lower on Friday, more than offsetting a boost from the latest batch of upbeat quarterly corporate earnings.
It's easy to make fun of vision boards, yet there's a scientific explanation for why they can help people more than double how much money they save.
Widely blamed for volatile "flash crashes" in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
The S&P 500 and the Dow Jones Industrial Average opened lower on Friday, hit by worries over the impact of the coronavirus epidemic on global growth, while the Nasdaq was supported by strong earnings from Amazon.com Inc .
European planemaker Airbus will pay 3.592 billion euros ($3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France's financial prosecutor said on Friday.