The S&P 500 extended its run of record highs for the seventh straight session on Friday, its longest streak in over two years, as investor optimism continued on improving U.S.-China trade relations and strength in domestic consumer spending.
The SEC proposed a rule that would expand the pool of so-called accredited investors, who are permitted to buy investments such as private equity, hedge funds, venture capital funds and stock in start-ups.
Deutsche Telekom was in advanced talks to retain China's Huawei as its main supplier of radio equipment for new mobile networks before it put the negotiations on hold for political reasons, according to three sources familiar with the matter.
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading towards its worst week for more than two years amid renewed worries over how Britain will leave the European Union.
French telecoms group Orange and its former CEO Didier Lombard were guilty of "moral harassment" that prompted a spate of suicides during a restructuring at the company in the late 2000s, a court ruled on Friday.
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing U.S.-China trade tensions lifted business confidence and the outlook for global economic growth.
Britain's new government named Andrew Bailey as the next Bank of England boss on Friday, entrusting one of the City of London's most experienced regulators with steering the world's fifth-biggest economy and its vast finance industry through Brexit.
China's foreign ministry said on Friday that an investigation into two Canadians detained on state security charges since December last year had ended, and the case had been turned over to prosecutors.
Royal Dutch Shell said on Friday it expects impairment charges of up to $2.3 billion in the fourth quarter and trimmed its forecast for quarterly oil product sales, as the Anglo-Dutch oil company faces slowing demand for oil and gas.
Novartis AG has secured Medicaid coverage for a pricey new sickle cell disease therapy in two U.S. states just weeks after winning U.S. approval, following an early campaign to convince local officials of its value, according to a company executive and a Reuters review of public filings. The approvals from the Florida and Alabama Medicaid health programs for the poor and disabled mark exceptionally fast acceptance for the treatment, which can cost up to $113,000 an
Royal Dutch Shell said on Friday it expects to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.
The Irish High Court will rule on Monday Dec. 23 on whether Ryanair can prevent its operations chief Peter Bellew from joining arch-rival easyJet until 2021, a court official said on Friday.
For long-term shareholders of Netflix , the end of December marks an extremely rewarding decade.
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading toward its worst week for more than two years amid renewed worries over how Britain will leave the European Union.
Oil prices were set for a third straight weekly gain despite a Friday fall after easing U.S.-China trade tensions lifted business confidence and the outlook for global economic growth.