Month: August 2019

Wall Street ends down amid more trade woes, high volatility

U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume. President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, fanning fears over the impact of the trade […]

Malaysia files criminal charges against 17 Goldman Sachs executives

Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. The U.S. bank has been under scrutiny for its role in helping to raise $6.5 billion through bond […]

Adidas celebrates 70 years with star-studded building opening

Adidas (ADSGn.DE) celebrated its 70th anniversary on Friday with appearances at its Bavaria campus by sponsored athletes such as tennis veteran Stan Smith and German soccer legend Philipp Lahm, as well as celebrity partners like Pharrell Williams. Adidas opened a new building resembling a football stadium and housing 2,000 employees at its sprawling site outside […]

Investors embrace ESG investing but don’t target gun stocks

Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance concerns, according to flow data at the world’s largest asset manager. Investor scrutiny of gun makers picked up after last year’s mass shooting at a […]

Ryanair Irish pilots back industrial action as unrest spreads

Ryanair’s (RYA.I) directly employed pilots in Ireland on Friday voted in favor of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline. Europe’s largest budget airline suffered a number of strikes last year by pilots and cabin crew, forcing it to cancel hundreds of […]