Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations. Continue Reading Below A week after reports of interest from Walt Disney Co in buying out much […]
FOX Business News
Mitsubishi recalls small cars; air bags may not inflate
DETROIT – Mitsubishi is recalling nearly 84,000 small cars in the U.S. because the air bags may not inflate in a crash. Continue Reading Below The recall covers certain Mirage models from 2014 through 2018. The company says the safety restraint computer can interpret road vibrations or a flat tire […]
Here’s How Bank of America Corporation Crushed It in 2017
Bank of America (NYSE: BAC) was one of the hardest-hit major U.S. banks during the financial crisis, and the stock took a major tumble as a result. However, the bank has done an incredible job of not only recovering from the meltdown, but transforming its business into a well-run, sustainable […]
Leaders of Spain, Belgium meet amid Catalonia crisis
BRUSSELS – The prime ministers of Spain and Belgium have held talks over their testy bilateral relations as ousted Catalan leader Carles Puigdemont and four secessionist allies prepared for an extradition court appearance in Brussels. Continue Reading Below Friday’s court hearing for the five is the latest step in their […]
The Latest: Trump calls Democrats ‘obstructionists’ on taxes
WASHINGTON – The Latest on the Republican-pushed tax overhaul legislation (all times local): Continue Reading Below ___ 6:20 a.m. President Donald Trump says the Democrats could exert greater sway over the shape of tax overhaul legislation if they weren’t focused wholly on defeating it. In a pre-dawn tweet Friday, Trump […]
German auto parts manufacturer to build new Alabama plant
HUNTSVILLE, Ala. – A German auto parts manufacturer will build a new plant in Alabama and hire 300 workers to supply parts for regional automobile manufacturers. Continue Reading Below AL.com reports that officials announced BOCAR’s $115 million investment on Thursday. BOCAR Chief Financial Officer Gerd Dressler said the company chose […]
The S&P 500 hasn’t done this in 52-years
Even the world’s most cautious investors may have a hard time writing off the uptrend of U.S. stocks this year. Continue Reading Below The S&P 500 (SPY), the broadest barometer of America’s largest companies, hasn’t seen a weekly decline of 2% in 60 weeks. If the trend continues through Friday, […]
Nissan execs taking pay cuts over bogus vehicle inspections
TOKYO – Nissan Motor Co. Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over illegal vehicle inspections at the automaker’s plants in Japan. Continue Reading Below Saikawa did not say how big the pay cuts would be […]
EU leaders warn broadening of Brexit talks could be in doubt
GOTEBORG, Sweden – European Union leaders warned Britain Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from December. Continue Reading Below At an EU summit in Sweden, Prime Minister Theresa May’s government was urged to clarify […]
GOP closer to big win with House tax vote; Senate unclear
WASHINGTON – Republicans have stretched closer to delivering the first big legislative victory for President Donald Trump and their party, whisking a $1.5 trillion overhaul of business and personal income taxes through the House. Thorny problems await in the Senate, though. Continue Reading Below The House passage of the bill […]