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12 Dec 19 - Business News

Is Aramco Overpriced? Stock Hits $2 Trillion Market Cap, But Will Pay Underwriters A Pittance
Saudi Aramco, which soared on the local stock exchange on its second day of trading on Thursday, will only pay a total of $64 million to foreign banks that helped arrange its record initial public offering. Bloomberg reported foreign banks will each receive 13 million riyals ($3.5 million) while banks based in the Persian Gulf region will get ...
GM says all Cadillac cars and vehicles will be electric by 2030
(Reuters) - The head of General Motors Cos Cadillac luxury brand said on Thursday a majority, and possibly all, of the brands models will be electric vehicles by 2030. Continue Reading Below GET FOX BUSINESS ON THE GO BY CLICKING HERE Cadillac ...
TransUnion: Credit card delinquencies could reach 10-year high in 2020
Dec. 12 (UPI) --Credit card delinquencies past 90 days are expected to reach a 10-year high next year, but the projected total is still less than the last recession, according to new forecast unveiled by TransUnion on Thursday. The 90-day-plus accounts are predicted to increase to 2.01 percent in 2020, and the number of people with revolving ...
PSA calls supervisory board meeting for Tuesday for possible FCA deal review - sources
French carmaker PSA could discuss a merger deal with rival Fiat Chrysler at a meeting of its supervisory board it has called for Tuesday, two sources familiar with the situation told Reuters on Thursday. Peugeot SA - the maker of Peugeot and Citroen - and Fiat Chrysler (FCA) are finalising talks after they announced in October a plan for a $50 ...
Home Depot Hit With Backlash After Claiming Opioid Crisis Is The Reason For Theft
Home Depots (HD) rise in theft is being contributed to the opioid crisis in the U.S., according to executives for the company. The revelation was made by the home improvement retailer on Wednesday during a call with investors. Craig Menear, CEO for Home Depot, said during the call, This is happening everywhere in retail. We think this ...
PG&E invests in weather stations, cameras to monitor wildfires amid bankruptcy turmoil
Fox Business Briefs: California state regulators find PG&E neglected power lines for years, including the one that sparked the deadly Camp Fire; the dramatic rise and fall of WeWork and its former CEO Adam Neumann will be brought the big screen. California ...
Basic Energy Services exits hyrdaulic fracturing business
Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump. Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing ...
Outgoing Ryanair COO felt like 'dead man walking' - court hears
DUBLIN (Reuters) - Ryanair's outgoing chief operations officer Peter Bellew considered himself a "dead man walking" after a March performance review and resigned after being ordered to work at the airline's Austrian business, he said on Thursday. Bellew was speaking in court during a case brought by Ryanair to delay him joining rival ...
Nancy Pelosi, Ivanka Trump, Taylor Swift among 'Most Powerful Women'
Dec. 12 (UPI) --Forbes magazine unveiled its annual list of the world's 100 "Most Powerful Women" on Thursday, which includes a number of high-profile politicians, businesswomen, entertainers and activists. "Merkel remains the de facto leader of Europe, leading the region's largest economy after steering Germany through financial crisis and ...
Union accuses contractors, owners of Amazon buildings of labor violations
A union is charging that employers at six construction projects that will house Amazon employees or operations in Northern Virginia have evaded federal and state taxes by misclassifying workers, failing to carry workers' compensation coverage and avoiding overtime pay. In a 24-page report based on its own investigation, the Eastern Atlantic ...

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