Finance

Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the …

Berkshire Hathaway chairman Warren Buffett and J.P. Morgan Chase chief executive Jamie Dimon told CNBC the U.S. economy is in rare form and could continue to prove strong for years to come. In an exclusive joint interview with CNBC’s Becky Quick, Dimon and Buffett cited several aspects of the economy …

Luke Sharrett | Bloomberg | Getty Images A factory worker installs rivets on an Airstream RV travel trailer at the company’s assembly plant in Jackson Center, Ohio. Shares of Thor Industries, the largest manufacturer of recreational vehicles (RVs), dropped more than 8.5 percent in the premarket Thursday after the company …

Carl Icahn is building a small stake in pharmaceutical company Allergan, Bloomberg reported Wednesday, citing sources. The billionaire’s investment would come in addition to the 1 percent stake held by David Tepper’s Appaloosa Management. On Tuesday, Tepper said in a letter he is pushing the drugmaker to overhaul its management. …

Punit Paranjpe | AFP | Getty Images An Indian policeman stands guard at the entrance of the Reserve Bank of India (RBI) head office in Mumbai on October 4, 2017. India’s central bank on Wednesday raised its policy rate for the first time in more than four years, due to …

Shares of the major cruise-line companies fell broadly on Tuesday after an analyst at Morgan Stanley said he expect the space to get hit by weak travel demand. Carnival, Royal Caribbean Cruises and Norwegian Cruise Line all dropped more than 4 percent and were the worst-performing stocks in the S&P …

Andrew Harrer | Bloomberg | Getty Images A pedestrian walks past a Wells Fargo bank branch in Washington, D.C. Wells Fargo continues to slim down its national branch network even as rival J. P. Morgan Chase is set on a big expansion. Earlier Tuesday, Wells said it struck an agreement …

While U.S.-China trade talks remain unresolved, data shows the U.S. has lost more soybean sales to the Asian country this year than last. “Soybean exports to China are down significantly from last year and the volume of outstanding sales is relatively low, indicating that there doesn’t seem to be a …

Shares of biotech company Nektar Therapeutics lost nearly half their value Monday after the company gave a clinical trial update that fell well short of investor expectations. The price of the S&P 500 component fell 41.8 percent Monday, down $37.78 from Friday’s closing price above $90. Nektar’s market cap, which …

Lucas Jackson | Reuters A worker moves a bin filled with products inside of an Amazon fulfillment centre in Robbinsville, New Jersey, November 27, 2017. A stocks portfolio made up of hedge funds’ favorite picks put together by Goldman Sachs is up twice as much as the broader market this …