Trian to skip PPG board challenge after new commitments: sources

Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund's demands and announced new financial targets, people familiar with the matter said on Thursday.

Bogle's legacy: Booming index funds with perhaps too much reach

John "Jack" Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds.

Fitch says PG&E's bankruptcy will not hurt California's credit rating

Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California.

Nissan to lay off 700 contract workers in Mississippi

Nissan Motor Co Ltd's U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks.

Wall Street rises on report of U.S. considering end to China tariffs

U.S. stocks advanced on Thursday as a published report that the United States was considering lifting tariffs on Chinese imports lifted investor sentiment.

Walmart partners with four more grocery delivery companies

Walmart Inc said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 U.S. cities.

Hitachi debacle strengthens Franco-Chinese hand in UK nuclear

Hitachi's decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France's EDF and its Chinese partner in talks with the government on how to finance new reactors.

U.S. stocks edge up on defense, healthcare gains; pound firms

Gains in defense shares as well as healthcare helped to keep U.S. stocks in positive territory on Thursday, while an end to the latest chapter in Britain's exit from the European Union, Prime Minister Theresa May's defeat of a confidence vote, lifted sterling.

Trump tariffs force tough choices at U.S. auto suppliers

Bob Roth makes no bones about his feelings towards U.S. manufacturing.

John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89

John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said.

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