U.S.-China trade talks are set to continue with a telephone call on Friday as both sides seek to hammer out a phase one trade pact, U.S. Commerce Secretary Wilbur Ross said, adding that progress was being made on the agreement's details.
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss, as the struggling retailer benefited from lower advertising expenses and an increase in margins, sending its shares up nearly 14%.
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Volkswagen will invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday.
A Siberian ride-hailing firm that allows customers to haggle over their fares is investing to beef up its presence in Moscow, a market dominated by New York-listed internet giant Yandex and Uber , its founder said.
U.S. stock index futures rose on Friday, as positive comments related to the U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials put the S&P 500 and Dow on track to hit fresh highs.
Analysts and investors have grown extremely bullish following record highs for stocks, but this much optimism can be a bad sign.
Vivendi could reduce its holding in Italian broadcaster Mediaset in a potential deal to end a long-running legal row between the two companies, three sources close to the matter said on Friday.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
Wall Street's main indexes hit record highs at open as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood.
How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China's factory output growth slowing in October and Japan's economy grinding to a standstill in Q3. And Germany only narrowly avoided a recession in that period.
Volkswagen on Friday said former BMW executive Markus Duesmann, an expert in procurement and engine development, will take over as Volkswagen Group's board member responsible for research and as head of Audi.
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Here are the biggest calls on Wall Street on Friday
Oil prices fluctuated around flat on Friday as investors weighed concerns about rising supplies next year and signs of progress toward ending the U.S.-Chinese trade row.