Thursday, 22 October 2020

Trump orders review of auto parts firm pension cuts

Trump orders review of auto parts firm pension cuts

President Donald Trump ordered a review of decade-old pension cuts to some retirees at a former General Motors parts unit just days before the Nov. 3 U.S. presidential election.

Wall Street closes higher, trade choppy as U.S. stimulus talks eyed

Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.

Intel's revenue from data-center business misses estimates, shares slide

Intel Corp on Thursday missed revenue estimates for its data-center business for the third quarter as the COVID-19 pandemic pushed its government and business customers to spend less on its chips, sending its shares down 8%.

Mattel forecasts holiday season growth as toy demand surges

Mattel Inc reported a surprise rise in quarterly sales on Thursday and forecast more growth in the holiday season, as retailers rushed to restock their shelves of Barbie dolls and other toys in high demand from stuck-at-home kids.

U.S. stocks advance, benchmark Treasury yields rise on fiscal aid hopes

U.S. stocks gained ground on Thursday after oscillating for much of the session as growing optimism about an imminent U.S. coronavirus relief deal helped offset concern about a global surge in COVID-19 cases.

Analysis: U.S. Supreme Court's rightward move could benefit oil and gas interests

The addition of Amy Coney Barrett to the Supreme Court, moving it further rightward, could have significant consequences for U.S. climate change policy and complicate the government's ability to regulate pollution, according to legal experts.

Goldman to pay $3 billion, claw back executive pay over role in 1MDB corruption scandal

Goldman Sachs Group Inc on Thursday said it was clawing back $174 million in executive compensation and had agreed to pay $2.9 billion over its role in Malaysia's 1MDB corruption scandal, lifting a cloud that has hung over the bank for years.

Understanding Goldman Sachs' role in Malaysia's 1MDB mega scandal

Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank's role in Malaysia's 1MDB corruption scandal, which included total penalties of $2.9 billion.

UK fines Goldman Sachs £96.6 million in global action over 1MDB scandal

British regulators fined Goldman Sachs International 96.6 million pounds ($126 million) on Thursday as part of global action that will see the U.S. bank pay nearly $3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal.

Analysis: Is PayPal's crypto move a game-changer for bitcoin? Probably not, say experts

PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.

Related Videos

Coca-Cola emerges from lockdown blues

Pernod Ricard: virus will keep hurting into 2021

2020ibmSec_Artboard_1reutersAd.jpg
Sponsored by IBM: Risk Quantification

Explore how putting security risk in financial terms helps your executives make decisions, connecting security risk management with business strategy.

LEARN HOW TO QUANTIFY RISK