 | | | | Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown. | | | | | | U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve's policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long. | | | | | | The battle for profits from sales of large pickup trucks is intensifying among the Detroit Three automakers as sales of small cars in the United States shrivel. | | | | | | Oil prices rose more than 1 percent on Thursday in volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand. | | | | | | A revenue warning from Apple Inc rocked equity markets around the globe on Thursday as concerns over the damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such as bonds and the Japanese yen. | | | | | | Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth. | | | | | | Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world's largest cancer drug businesses in the biggest pharmaceutical deal ever. | | | | | | Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA , will either save the indebted oil major - or strip it to the bone. | | | | | | Brazil's government and state-run oil firm Petroleo Brasileiro SA expect to resolve a dispute over the oil producing zone known as the 'transfer-of-rights' area within 100 days, a minister said on Thursday. | | | | | | For most U.S. families, the holidays are all about gathering around the fireplace, overeating at festive dinners, and playing the occasional board game. But this year, a father and son were also working on the biggest pharmaceutical acquisition of all time. | | | | | | General Motors Co said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker's ongoing shift to electric and self-driving vehicles in North America and China. | | | | | |
