Market News

Brazilian caterer makes new offer for rival IMC

Brazilian restaurant operator International Meal Company Alimentação said on Sunday that it had received a letter from holding company Abanzai Representaçoes declaring its intention to buy up to 42 percent of IMC, as the restaurant operator is known, for 8.63 reais per common share.

Wall St Week Ahead-Investors eye holiday sales for market salve

Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks. The day after Thanksgiving has been regarded as the traditional start of the holiday buying season, although deals and bargains are being unveiled earlier this year. Wall Stre

VW CEO says Waymo has 1-2 yr headstart in autonomous cars

Volkwagen, Europe's largest carmaker, is up to two years of development work behind Alphabet Inc's Waymo in the area of self-driving cars but is committed to catching up, the German group's chief executive told newspaper Welt am Sonntag.

Money

Wells Fargo plans 1,000 U.S. job cuts

Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.

U.S. big investors' best investment ideas for 2019

The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this...

More pain in store for Italian bonds: NN IP CIO

Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment...