Thursday 31 October 2019

U.S. prosecutors file new charges in UAW corruption case

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U.S. prosecutors file new charges in UAW corruption case

A United Auto Workers official was charged on Thursday with embezzling hundreds of thousands of dollars in an alleged scheme that a person familiar with the case said involved union President Gary Jones.

Pinterest falls short of quarterly revenue estimates, forecast disappoints

Pinterest Inc on Thursday missed Wall Street estimates for third-quarter revenue as it earned lower-than-expected average revenue per user, and forecast full-year sales marginally below expectations.

Wall Street retreats from record on trade cloudiness

U.S. stocks fell on Thursday as conflicting tones surrounding a possible trade deal between the United States and China eclipsed strong earnings reports from Apple and Facebook.

Even after Lyft beat, Wall Street pummels former unicorns

Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that went public this year.

Global stocks fall from 20-month highs on trade talk doubts

World stock markets slid from 20-month highs on Thursday as uncertainty about a U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar weakened as investors mulled whether the Federal Reserve will cut rates further.

Google urges confidentiality protections in Texas-led antitrust probe

Google on Thursday petitioned a Texas judge to ensure that the state-led probe into possible antitrust violations by the Internet search and advertising company will not compromise its confidential business information.

Oil prices decline on weak Chinese data, U.S. pipeline problems

Oil prices fell on Thursday after data showed weak factory activity in China, with U.S. crude facing extra pressure after flows out of the Cushing, Oklahoma storage hub were disrupted because of reduced flows on a pipeline.

Pelosi: U.S. House close to approving trade deal with Mexico, Canada

The U.S. House of Representatives is making progress every day toward approving the trade agreement President Donald Trump worked out with Canada and Mexico, Speaker Nancy Pelosi said on Thursday.

Mexico says timetable slipped slightly for U.S. to ratify trade deal

The timetable towards ratification of a new North American trade deal has slipped slightly but the pact could still pass the U.S. Congress by year end, a senior Mexican trade official said on Thursday.

American Airlines flight attendants voice 737 MAX concerns to Boeing CEO: letter

The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters.

Mexican president talks with Canada's Trudeau, aims for progress on trade

Mexican President Andres Manuel Lopez Obrador said he talked with recently reelected Canadian Prime Minister Justin Trudeau on Thursday, congratulating him on his win and agreeing to keep working toward passage of a new North American trade deal.

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