Business News

ford-nov18-lg.jpgFord unveiled its much-awaited all-electric Mustang Mach-E SUV, which will compete with the top selling electric car maker Tesla. Mustang Mach-E, the automaker's first expansion in the Mustang line-up in 55 years, will arrive in late 2020. Customers can now visit the Mustang Mach-E reservation site to make a $500 reservation deposit.
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Quest Beef Cat Food Recalled Over Salmonella Concerns

Go Raw, LLC recalled Quest Beef Cat Food for possible contamination with Salmonella that can affect pets and humans, the U.S. Food and Drug Administration or FDA said in a statement. The recall involves two-pound frozen bags of cat food distributed nationally through retail stores. The recall was initiated after the company was notified by the Minnesota Department of Agriculture.
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J. C. Penney Q3 Loss Narrows, Reaffirms FY19 Comp Sales Outlook - Quick Facts

J. C. Penney Co., Inc. (JCP) reported Friday a third-quarter net loss of $93 million, or $0.29 per share, narrower than a net loss of $151 million, or $0.48 per share in the prior-year quarter. Excluding items, adjusted net loss for the quarter was $97 million, or $0.30 per share, compared to an adjusted...
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China Cuts Short Term Lending Rate For First Time Since 2015

China's central bank unexpectedly cut its short-term lending rate on Monday, which was the first reduction in over four years, in a bid to boost slowing growth. The People's Bank of China lowered the seven-day repurchase rate to 2.50 percent from 2.55 percent. That was the first cut since October 2015.
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Brady Stock Climbs On Approach From Potential Offeror

Shares of Brady plc (BRY.L) were gaining around 39 percent in London trading after the software company announced Monday that it has received an approach from a potential offeror. In a statement, the company said the discussions remain at an early stage. This may or may not lead to an offer being...
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Healthcare IPO For The Week Ahead

The IPO activity in the U.S. healthcare sector has had a strong showing, with 12 listings in October and has been somewhat tepid with around 5 listings in the first half of November.
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