Honeywell International Inc said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities. The industrial conglomerate's revised estimate for asbestos-related liabilities was $2.61 billion as of end-2017, some $1.09 billion
The new tax plan has lowered the jackpot required to make the expected value of a ticket equal the $2 cost.
The new fee goes into effect on Oct. 29 for any new smartphone or tablet models launched in the European Economic Area and running Google's Android operating system, the company announced on Tuesday. Companies can offset the charge, which applies to a suite of apps including the Google Play app
A rooster signals the start of the day as workers wearing sombreros and ball caps emerge from the shadows and shuffle past boarded-up businesses in this tiny farm town. Little else is sweet in Huron, where jobs not displaced by automation in farming are mostly done by hand, and residents struggle to
Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public offering. Several shareholders contacted by Reuters said GM could face a third major action by activist shareholders in
UBS has asked some bankers not to travel to China after the incident, according to people with knowledge of the matter, who asked not to be identified because the measures aren’t public. Julius Baer also imposed a travel ban for its relationship managers to the country, another person said. Government
Investors cheered the first-quarter results, which the company says is proof its turnaround is working. “It is broad based, both in geography and brand,” Chief Executive Officer David Taylor said in a phone interview Friday. Organic sales, which exclude items like acquisitions and currency effects,
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
The annual inflation rate in September dipped to 2.2 percent from 2.8 percent as price pressures from fuel and air travel eased. "This should really quell a lot of speculation that the Bank of Canada will move away from the gradual path of tightening," said Andrew Kelvin, senior rates strategist
By Rodrigo Campos NEW YORK (Reuters) - Stocks erased gains on Friday, with a global index struggling to avoid a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said the UK is ready to drop a key Brexit demand. The Mexican peso touched a five-week
The S&P 500 Index traded mixed as it held near its average price of the past 200 days, a key technical level that’s served as bottom for recent sell-offs. The S&P 500 is virtually flat in the five days.
The Canada Pension Plan Investment Board is looking to buy part of a stake in Gatwick airport that could be worth more than 3 billion pounds ($3.92 billion), Sky News reported on Friday. CPPIB is said to be part of a group of investors proposing to buy out Global Infrastructure Partner's (GIP) 42
The AI Powered Equity ETF, ticker AIEQ, is up 11.81 percent from its debut a year ago through Wednesday, just edging out the S&P 500. Of the top 15 holdings that contributed most to AIEQ’s gain, 10 of them are too small to be in the in the S&P 500 Index, a Bloomberg portfolio analysis shows.
Saskatchewan will have to wait until the spring for the province's Appeal Court to hear the government's constitutional challenge of Ottawa's carbon tax. Environment Minister Dustin Duncan said Friday it's disappointing the case won't come up until next year. The federal government
The building is set to open in Palo Alto, California in 2020, the bank said in a statement and interviews. Most of the employees at the site will work for JPMorgan's Chase Merchant Services division, which is the second-biggest U.S. processor of card payments for merchants. The division last year
The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion). The ministries of procurement and defense said Ottawa and Irving Shipbuilding, a Canadian firm which
Enbridge Inc said on Friday that it is preparing to start construction on a damaged natural gas pipeline in British Columbia and expects it be fixed by mid-November, though it and an adjacent line will both operate at reduced pressure. The pipeline was shut down after it ruptured earlier this month
Brent crude futures rose 49 cents to settle at $79.78 a barrel. West Texas Intermediate (WTI) crude futures rose 47 cents to settle at $69.12 a barrel. For the week, Brent fell 0.9 percent, while U.S. crude lost 3.1 percent.
PayPal has no plans to sell popular payments platform Venmo, the company's chief financial officer John Rainey tells Yahoo Finance.
Blackstone Group's EQ Office, private equity firm Rubenstein Partners LP and others have turned to "management agreements," a new format in the office market that avoids fixed-lease payments that critics say can be disastrous for coworking in a downturn. Landlords stand to make more money
As shares of the largest U.S. iron ore producer fell as much as 10 percent Friday, Goncalves closed his analyst call by specifically calling out Goldman’s Matthew Korn. “Matthew Korn from Goldman Sachs, you can run, but you can’t hide,” he said.
Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Friday. In recent months the family repeatedly dismissed speculation about a possible sale of the fashion group and appointed Micaela Le Divelec Lemmi,