Markets
Oil close to two-month high as trade war positivity hits markets
The earlier gains in oil had been erased as it traded lower on the morning of Thursday after weak data from the Chinese industry and the pessimism in the trade talks between USA and China which picked up again and added to the rise in the United States Oil inventories as they weighed on prices. [Full Article...]
US Supreme Court to hear Google bid to end Oracle copyright suit
The stakes are now too high for the justices to ignore, Google said in its latest appeal, calling the Federal Circuit's rulings a "devastating one-two punch at the software industry". Oracle disagrees with this interpretation and says the lines of code are a creative product. Microsoft Corp., Mozilla Corp. and the Linux company Red Hat Inc. [Full Article...]
Buffett’s firm adds stake in RH, trims Wells Fargo holdings
According to a regulatory filing which listed Berkshire's US-listed stocks as of September 30, 2019, the insurer owned about 1.21 million RH shares worth US$206.3 million. Berkshire had provided financing to Occidental for its takeover for rival Anadarko past year. Occidental outbid Chevron. Occidental rose more than 3% Friday. [Full Article...]
McDonald's Extending Breakfast Hours In Ireland From Next Week
And it is a much welcomed extra half an hour in bed on a hungover Sunday morning. The popular fast-food chain has previously only sold its breakfast menu until 10.30am - but has made a decision to extend the hours following a successful trial in 122 stores across the south coast of England. [Full Article...]
Apples warned of the risk of German law to open mobile payments
Particular finance is the new battleground for massive tech, with Google, Amazon and Facebook-the latter by way of its controversial Libra crypto currency-also looking for to tap the perhaps beneficial but politically sensitive marketplace. [Full Article...]
Chinese company to buy iconic Australian baby formula brand
The decision shows the Australian government welcoming Chinese money into a politically sensitive industry at a time when relations between the countries have been strained by accusations of political interference by Beijing. Bellamy's , which is No. 4 by market share in the Australian infant milk formula market, acknowledged the approval and said it continued to recommend that shareholders vote i... [Full Article...]
Aramco declares $1.71 trillion valuation in blockbuster IPO
The public listing is part of plans by Saudi Crown Prince Mohammed bin Salman to shake up the kingdom's economy and move it away from oil dependence. The offering - or book-building - period for institutional subscribers, which started today, closes on December 4 while the retail offering for individual investors will begin on November 21 and will end on November 28. [Full Article...]
Tesla regains Consumer Reports recommended status for reliability
Consumer Reports announced Thursday the results of its Annual Auto Reliability Survey, which is based on data collected from the organization's members about their experiences with more than 400,000 vehicles. While Tesla has improved, Fisher said he expects Tesla's reliability rankings will fluctuate, given its track record to date. Cadillac came in last place. [Full Article...]