1 day ago
American Airlines joins rivals in hiking US baggage fees by five dollars
Andrew Hammond - American Airlines Group Inc said on Thursday it would raise the fee for a first checked bag by US$5 to US$30 and the second bag to US$40.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Adobe to buy marketing software firm Marketo for US$4.75 billion
Andrew Hammond - Adobe Systems Inc on Thursday agreed to buy Marketo Inc for US$4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.
1 day ago
Amazon adds Echo devices for home and car in bid to dominate voice gadgets
Andrew Hammond - Amazon.com Inc on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc and Alphabet Inc's Google in the nascent category for voice-controlled gadgets.
1 day ago
NAFTA talks grind on, Canada quells talk of US quota on autos
Andrew Hammond - Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins US$1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.
2 days ago
Barrett Business Services, ex-CFO settle accounting fraud charges: SEC
Andrew Hammond - The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former chief financial officer have agreed to settle charges of accounting fraud involving workers' compensation expenses.
2 days ago
Vista Global sees higher demand for Bombardier 7500 after certification
Andrew Hammond - Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier's long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the aircraft.
2 days ago
Wells Fargo to reduce headcount by 5-10 percent in next 3 years
Andrew Hammond - Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years.
2 days ago
US blacklists Chinese agency for buying Russia military equipment
Andrew Hammond - WASHINGTON: The United States on Thursday imposed sanctions on a Chinese military agency and its director for buying defence equipment from Russia in breach of a sweeping U.S. sanctions bill enacted in 2017. The U.S. State Department said it would immediately impose sanctions on China's Equipment .. ...
2 days ago
Dow hits record high as trade fears wane
Andrew Hammond - U.S. stock index futures pointed to a higher opening on Thursday, extending a bounce since the latest blows in the U.S.-China trade spat this week on the back of a recovery for technology stocks.
2 days ago
AT&T asks US appeals court to uphold approval of Time Warner acquisition
Andrew Hammond - AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department's challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.
2 days ago
Opel to further scale back production at Ruesselsheim: report
Andrew Hammond - Carmaker Opel, a unit of France's PSA Group , is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday.
2 days ago
Animal health firm Elanco surges 41 percent on debut
Andrew Hammond - Elanco Animal Health's shares climbed 36 percent in their stock market debut on Thursday, in a sign of investor enthusiasm for the fast-growing pet healthcare market.
2 days ago
Minneapolis prosecutors weighing evidence in JD.com CEO case
Andrew Hammond - Prosecutors are weighing whether to bring charges against Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com founder, according to a statement released on Thursday by the Hennepin County Attorney's ...
2 days ago
S&P sector reshuffle may do little for telecom stocks
Andrew Hammond - The S&P 500's three-company telecommunications services index is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors.
2 days ago
GE says four of its flagship power turbines are shut down in US
Andrew Hammond - General Electric Co has identified an "oxidation issue" that affects the lifespan of its new, larger H-class gas turbines, GE Power Chief Executive Russell Stokes said in a blog post on the company's LinkedIn page.
2 days ago
China-Singapore trade agreement upgrade to be concluded by year-end
Andrew Hammond - SINGAPORE: Singapore and China will conclude a substantive upgrade of their free trade agreement, which first came into effect in 2009, by the end of this year, said Deputy Prime Minister Teo Chee Hean on Thursday (Sep 20). Several rounds of negotiations over the upgrade have taken place since the . ...
2 days ago
Under Armour to cut 400 more jobs in turnaround push, shares rise
Andrew Hammond - MARYLAND: Under Armour announced 400 job cuts on Thursday (Sep 20) and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike and Adidas . The company's shares rose over 5 per cent to US$19.74 in early trading ...
2 days ago
Watching Mahathir being sworn in, Anwar thought it should have been him
youjin.low - Cynthia Choo6 hours 27 min agoSINGAPORE — Watching Dr Mahathir Mohamad being sworn in Malaysia's prime ministe
2 days ago
Tuesday's blackout a reminder to strengthen energy resilience: Tan Wu Meng
Andrew Hammond - SINGAPORE: The blackout across multiple estates in Singapore this week is a reminder that the country must continue strengthening energy resilience, Senior Parliamentary Secretary for Trade and Industry and Foreign Affairs Tan Wu Meng said while announcing initiatives to strengthen Singapore's ...
2 days ago
Emirates, Etihad airlines deny report they may merge
Andrew Hammond - DUBAI: State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday (Sep 20) which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the world's largest carrier. "There is no truth to this rumor," an Emirates ...
2 days ago
Chaswood Resources appoints new independent director
Nisha Ramchandani - CHASWOOD Resources Holdings has appointed Er Kwong Wah as an independent director following the retirement of Christopher John Mcauliffe.
2 days ago
BlackRock's Fink: US a short-term 'big winner' in China trade war
Andrew Hammond - Larry Fink, chief executive of BlackRock , the world's largest asset manager, on Thursday said the United States is "a big winner" in the trade war with China "in the short-term," but not necessarily over time.
2 days ago
Morgan Stanley sues six Illinois brokers who left for Stifel
Andrew Hammond - Morgan Stanley has sued six brokers who left an Illinois branch of the firm last week to join competitor Stifel Nicolaus , alleging that they have been soliciting Morgan Stanley clients in violation of employment agreements.
2 days ago
VW rejects Trump envoy's take on Iran pullout
Andrew Hammond - Volkswagen AG will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a U.S. official who led the discussions with the carmaker.
2 days ago
Singapore and Russia to expand business opportunities
Andrew Hammond - SINGAPORE: Singapore businesses can explore opportunities in Russia in sectors such as consumerism and technology. Those were areas of opportunity, highlighted by Enterprise Singapore at the 13th edition of the Russia-Singapore Business Forum held on Thursday (Sept 20) at the Ritz-Carlton ...
2 days ago
Rare auction showdown could decide fate of broadcaster Sky
Robert J Samuelson - Britain's takeover regulator said on Thursday that the battle between Comcast and Twenty-First Century Fox for Sky Plc would now go to an auction procedure.
2 days ago
Turkey fines Google for violating competition law
Andrew Hammond - ANKARA: Turkey's competition authority said on Thursday (Sep 20) it had fined Google some 93 million Turkish lira (US$15 million) for violating competition laws with its mobile software sales. In a statement, the competition authority said Google LLC, Google International and Google Reklamcilik ...
2 days ago
US existing home sales unchanged in August
Andrew Hammond - U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.
2 days ago
Aston Martin races ahead with up to US$6.7 billion flotation
Chew Yi Hong - Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds (US$6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.
2 days ago
HC Surgical Specialists raises stake in associate MST to 83.3%
PC Lee - SINGAPORE (Sept 20): HC Surgical Specialists entered into a sale and purchase agreement for the acquisition of a 50% stake in associate company Medical Services @ Tampines for $135,000. Following the completion of the acquisition, MST has become a 83.33% subsidiary of the company. Incorporated on Ma ...
2 days ago
What sector overhaul means for tech stocks, Wall Street
Andrew Hammond - The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market.
2 days ago
Soilbuild Business Space Reit to issue S$65m in subordinated perpetual securities
Nisha Ramchandani - SOILBUILD Business Space Reit is issuing S$65 million in subordinated perpetual securities at a coupon rate of 6 per cent per annum.
2 days ago
Tesla's Model 3 gets 5-star rating from US auto safety agency
Andrew Hammond - Tesla Inc's Model 3 sedan has been awarded a five-star rating by the U.S. auto safety agency NHTSA, according to its website, saying https://www.nhtsa.gov/vehicle/2018/TESLA/MODELper cent2525203/4per cent252520DR/RWD that the car had no recalls, investigations or complaints.
2 days ago
TTJ secures new contracts to bring order book to $212 mil
PC Lee - SINGAPORE (Sept 20): TTJ Holdings, one of Singapore’s largest structural steel specialists, has secured a few new contracts, bringing its order book to $212 million. The projects within the current order book are expected to be delivered substantially between FY2019 and FY2021. Teo Hock Chwee, gro ...
2 days ago
Countering fake news is more than just about having new laws, experts say
youjin.low - Faris Mokhtar8 hours 17 min agoSINGAPORE — Given the varied consequences of online falsehoods and the difficulty in
2 days ago
Olam secures 30b yen medium term loan facility
Nisha Ramchandani - OLAM International's wholly owned subsidiary, Olam Treasury, has secured its second term loan facility totalling 30 billion yen (S$365 million) in the Japanese loan market.