U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was slowing a bit faster than anticipated in the fourth quarter.
Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed.
Boeing Co has decided it will not compete as a prime contractor to replace the Pentagon's aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corp to win a contract worth tens of billions of dollars.
The S&P 500 and the Dow industrials were little changed on Friday after hitting record highs earlier in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.
The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm products and other goods.
The United States could levy tariffs against China if there are any disputes, White House economic adviser Larry Kudlow said about the U.S.-China "phase one" trade agreement announced on Friday.
For SoftBank Group Inc, financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.
French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves, two sources close to PSA said.
Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.
T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network's history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp .
Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China's increased purchase of farm goods, coming just ahead of a deadline for a new round of U.S. tariffs.
"The reduction is only half as large as our baseline assumption," said Goldman's chief economist Jan Hatzius.
Saks Fifth Avenue owner Hudson's Bay Co has fallen short in securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.
"This is not who we are," the bank leader said.