Chinese electric vehicle maker BYD reported improved net profits in the second quarter thanks to its extended market leadership, even though it led a protracted price war with
August 28, 2024
Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German
August 28, 2024
Apple Inc has eliminated about 100 jobs in its digital services group, with the biggest cuts affecting the team responsible for its Apple Books app and Apple Bookstore, Bloomberg News
August 28, 2024
Home improvement chain Lowe’s is scaling back its diversity, equity and inclusion policies, joining the ranks of a few other companies who have altered their programs since the end of affirmative action in higher education and amid conservative backlash online
August 27, 2024
Shares of Vale rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner's next CEO, starting next year.
August 27, 2024
British retailers reported a third straight month of falling sales in August and they expect another decline in September, prompting them to lower their hiring
August 27, 2024
Ryanair Group Chief Executive Michael O'Leary on Tuesday said that Boeing's new management "continue to disappoint" and that deliveries were
August 27, 2024
German consumer sentiment is set to tumble going into September as slightly rising unemployment, job cuts and insolvency's drive down income expectations, pushing back hopes of a
August 27, 2024
Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower
August 26, 2024
Industrialist Anil Ambani is reviewing the Indian markets regulator’s order banning him and 24 others from the securities market for five years on charges of diversion of funds,
August 25, 2024
NASA says it won't use Boeing's Starliner capsule to bring two stranded astronauts back to Earth
August 24, 2024
The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices
August 23, 2024
A Missouri nonprofit founded in 2015 to help address the issues that contributed to the police shooting death of Michael Brown Jr. and the riots that followed has faced the same lament many philanthropies face
August 23, 2024
At a packed investor day in Dearborn, Michigan, last year, Ford Motor executives lauded their forthcoming three-row electric SUV, which they said would be rolling
August 22, 2024
Beyoncé launches whiskey inspired by ‘moonshiner’ great-grandfather
August 22, 2024
More than 1,000 Indian opposition party supporters demonstrated in New Delhi, Mumbai and other state capitals on Thursday, demanding
August 22, 2024
British factory orders fell again this month but at a less severe pace than in July, according to a survey published on Thursday that showed little sign of a sustained recovery for the
August 22, 2024
Australia's competition regulator said on Thursday it will closely monitor domestic air fares between metropolitan cities after local carrier Regional Express withdrew from the market last
August 22, 2024
France's economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country's services sector offset ongoing
August 22, 2024
PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer
August 21, 2024
Both of Canada’s major freight railroads have come to a full stop because of a contract dispute with their workers, an impasse that could bring significant economic harm to businesses and consumers in Canada and the U.S. if the trains don't resume running soon
August 21, 2024
Ford Motor Co. is changing its electric vehicle plans and now will focus on making two new electric pickup trucks and a new commercial van
August 21, 2024
The European Union's draft findings from an anti-subsidy investigation into Chinese electric vehicles (EV) lack objectivity and fairness, a Chinese industry body said on Wednesday.
August 21, 2024
Hong Kong's bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading
August 21, 2024
Businesses across a variety of industries are bracing for freight trains to stop moving Thursday at both major Canadian freight railroads if they can't resolve a contract dispute
August 20, 2024
Qatar Airways has acquired a 25% stake in the private African carrier Airlink
August 20, 2024
More trouble for Boeing: Tests of its troubled 777X paused after it found structural problems
August 20, 2024
U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium,
August 20, 2024
Former co-defendant of British tycoon missing in luxury yacht sinking dies after being struck by car
August 19, 2024
Mike Lynch, the tech tycoon missing after his luxury yacht sank off Sicily, spent more than a decade building Britain's biggest software company and then almost as
August 19, 2024
House Republicans have released their initial impeachment inquiry report on President Joe Biden
August 19, 2024
Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant
August 15, 2024
Americans are still shopping. They’re just going to Walmart
August 15, 2024
Wally Amos, founder of Famous Amos cookies, dies at 88
August 14, 2024
Logic suggests that U.S. companies will benefit when the Fed's interest rate-cutting cycle gets underway, because they will pay less to service their debt, but
August 14, 2024
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a
August 13, 2024
Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over
August 13, 2024
A Japanese business executive has returned to Japan after being convicted and released this week after more than a month of detention in Myanmar
August 13, 2024
Europe was on the brink of a night train revolution. Here’s what actually happened
August 09, 2024
Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
August 09, 2024
Boeing‘s new CEO is on the job and visiting a key factory near Seattle
August 08, 2024
Boeing’s new CEO is already making an overdue change his first day on the job
August 08, 2024
The National Transportation Safety Board plans to conduct a safety culture survey of employees at Boeing's 737 MAX factory in Renton, Washington, the board's chair said on Wednesday.
August 07, 2024
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”
August 07, 2024
Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier
August 07, 2024
Liquidators of troubled property giant China Evergrande Group have started legal action against PricewaterhouseCoopers, accusing it of "negligence" and "misrepresentation" in its work for
August 07, 2024
Meal delivery service dumps $17,000 worth of food lost during power outage
August 06, 2024
WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its operations in newer facilities
August 06, 2024
Microsoft lashes out at Delta: Your ancient tech caused the service meltdown
August 06, 2024
Boeing said on Tuesday it plans to make design changes to prevent a future mid-air cabin panel blowout
August 06, 2024
From Nigeria to London: Nelly Agbogu is on a mission to elevate African small businesses
August 05, 2024
U.S. services sector activity rebounded from a four-year low in July amid a bounce back in new orders and the first increase in employment in six months, which could help to
August 05, 2024
In 2022, Michigan Gov. Gretchen Whitmer welcomed a Chinese battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids
August 05, 2024
Japan's benchmark Nikkei 225 index has soared nearly 11% a day after it set markets tumbling in Europe and on Wall Street
August 04, 2024
Japan's service-sector activity returned to growth in July thanks to solid domestic demand, a survey showed on Monday, but slow overseas orders and unabated cost pressures continue
August 04, 2024
Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market because the investor is so revered and there had been little positive financial news lately
August 03, 2024
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years
August 02, 2024
Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a
August 02, 2024
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation
August 02, 2024
Boeing's incoming boss, Kelly Ortberg, faces a herculean task when he starts next week - restoring the might of a U.S. corporate powerhouse rocked by multiple crises.
August 01, 2024
Chipmaker Intel says it is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD
August 01, 2024
At a national bitcoin conference in Nashville, Donald Trump finally spelled out some of his crypto policy proposals including one hotly anticipated part of his plan -- building a strategic bitcoin reserve. CNN's Jon Sarlin explains what that is and why the crypto industry wants it.
August 01, 2024
China's sluggish manufacturing sector is poised for a "cruel summer" with two sentiment surveys this week pointing to a new level of gloom among factory
August 01, 2024
Ireland's manufacturing sector eked out growth for just the second time in eight months in July, bouncing back after contracting at the fastest pace in a year a month earlier, a
July 31, 2024
As the Fed inches closer to cutting its benchmark interest rate, how can households prepare? Karin Caifa reports.
July 31, 2024
Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time
July 31, 2024
At the University of South Wales, Professor Damian Bailey runs an environmental testing chamber that can alter temperature, altitude, pressure and oxygen levels. CNN’s Senior Climate Writer Laura Paddison put her body to the test under extreme heat and humidity to understand how these conditions can quickly become deadly and why a warming world is dangerous for us all.
July 30, 2024
Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm
July 30, 2024
JetBlue Airways is reporting a small but surprising profit for the second quarter
July 30, 2024
Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and
July 30, 2024
WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company.
July 30, 2024
India's Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees
July 30, 2024
Toyota's global production tumbled in June, down for a fifth straight month with the automaker hit hard by a certification scandal in its home market and a fierce price war in China.
July 30, 2024
Four pharmaceutical companies involved in the first U.S. negotiations over prices for the Medicare program said they do not expect a significant
July 29, 2024
The entrance of name, image and likeness deals in college sports has raised questions about what it means to be a tax-exempt charitable organization
July 29, 2024
Asian shares are mostly declining in cautious trading ahead of central bank meetings around the world
July 29, 2024
China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky
July 27, 2024
Profits at China's industrial firms rose 3.5% in the first half of 2024 compared with the same period in 2023, official data showed on Saturday.
July 27, 2024
A jury on Friday found that Abbott Laboratories' specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel
July 26, 2024
Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times
July 26, 2024
Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday.
July 26, 2024
U.S. authorities filed criminal and civil charges against Andrew Left, a prominent face of the activist short-selling industry, alleging he had for years manipulated the market and
July 26, 2024
WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the
July 26, 2024
Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced
July 26, 2024
Chinese electric vehicle battery giant CATL recorded faster profit growth in the second quarter, even as EV demand slows in the world's largest auto market while geopolitical
July 26, 2024
Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States
July 26, 2024
LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
July 26, 2024
Small business owners in Paris expected a boon in visitors once the Olympics arrived
July 26, 2024
Britain's competition regulator said on Friday the country's drivers are still paying too much for road fuel, with increases in retail fuel margins costing them over 1.6 billion
July 26, 2024
Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30% on Friday in their Tokyo stock market debut.
July 26, 2024
Twelve companies including global miner Rio Tinto and Chinese electric vehicle maker BYD have submitted proposals to extract lithium in Chile's Altoandinos salt flats, the state
July 25, 2024
Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday.
July 25, 2024
Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.
July 25, 2024
A Senate committee has voted to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO
July 25, 2024
Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.
July 25, 2024
President Joe Biden has signed into law a bill strengthening oversight of the crisis-plagued federal Bureau of Prisons after The Associated Press exposed systemic corruption and abuse in the prison system
July 25, 2024
Inside Amazon.com's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its paces.
July 25, 2024
Tesla CEO Elon Musk said on Thursday he and the board of the electric vehicle company will discuss making a $5 billion investment in his artificial
July 25, 2024
Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks
July 25, 2024
Warner Bros Discovery shares fell more than 4% in U.S. premarket trading on Thursday, after the media giant failed to renew broadcasting rights for the NBA games, fueling investor concerns
July 25, 2024
Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,
July 25, 2024
Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically
July 25, 2024
Insurance broker WTW posted a 20% rise in its second-quarter profit on Thursday, helped by a strong performance in its risk and brokerage business.
July 25, 2024
As President Emmanuel Macron welcomes business leaders including Elon Musk to Paris ahead of Friday's Olympic opening ceremony, there are early signs France's political deadlock is
July 25, 2024
British manufacturers' expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation
July 25, 2024
Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday.
July 25, 2024
The S&P 500 and Nasdaq Composite ended a fickle session weaker on Thursday, failing to regain ground lost in the previous day's tech-triggered sell-off as investors grappled
July 25, 2024
Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.
July 25, 2024
Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe
July 25, 2024
Thailand saw investment pledges rise 35% in the first half of this year to 458 billion baht ($12.68 billion), the Board of Investment said Thursday.
July 25, 2024
US Department of Justice finalizes plea deal with Boeing
July 24, 2024
Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival
July 24, 2024
Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market
July 24, 2024
Mexican breadmaker Bimbo's second-quarter net profit slipped by 16.3% compared to the same period last year to 3.32 billion pesos ($181.56 million), the firm reported on
July 24, 2024
NBA rejects Warner Bros. Discovery’s matching offer to retain games, setting up potential legal showdown
July 24, 2024
Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs
July 24, 2024
Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up
July 24, 2024
Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with
July 24, 2024
We finally know what caused the global tech outage - and how much it cost
July 24, 2024
Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches,
July 24, 2024
U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct
July 24, 2024
U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from
July 24, 2024
AMC Entertainment Holdings said on Wednesday it would report a loss for the second quarter compared to a profit in the year-ago period, blaming a thin slate of big releases due to last
July 24, 2024
A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump,
July 24, 2024
Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China.
July 24, 2024
Germany's cabinet agreed on Wednesday to increase tax relief for companies and households to almost 21 billion euros per year to help bolster stuttering growth
July 24, 2024
U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.
July 24, 2024
British business activity picked up this month after a lull in the run-up to a July 4 election, bolstered by the fastest manufacturing growth in two years and the
July 24, 2024
Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among
July 24, 2024
Britain's Informa said on Wednesday it had reached a deal to buy Cannes Lions Festival owner Ascential for 1.2 billion pounds ($1.6 billion), adding the flagship ad
July 24, 2024
Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive
July 24, 2024
French technology company Atos on Wednesday appointed its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh in its fifth top management reshuffle in less than two
July 24, 2024
Corporate planners must have a headache as the U.S. political pendulum swings at its fastest rate since World War Two and the related policy churn may act as a drag on
July 24, 2024
Vietnam has passed a decree radically loosening the Communist Party-ruled state’s control on how electricity is sold to private companies
July 24, 2024
Japan protested to Russia on Wednesday over curbs denying entry to 13 Japanese business executives, including the Toyota Motor chairman, as part of counter-sanctions measures.
July 24, 2024
Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to
July 23, 2024
Financial software maker OneStream, which is backed by private equity firm KKR, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday,
July 23, 2024
Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues.
July 23, 2024
U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
July 23, 2024
Isaac Perlmutter, one of the largest investors in Walt Disney, has sold his entire stake in the media company after losing the proxy fight, the Wall Street Journal reported on Tuesday.
July 23, 2024
French planemaker Dassault Aviation reported on Tuesday first half adjusted net sales of 2.54 billion euros ($2.76 billion), up from 2.30 billion euros
July 23, 2024
Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco
July 23, 2024
U.S. pharmaceutical industry middlemen defended their role in the healthcare system during a Congressional hearing on Tuesday after committee members
July 23, 2024
Overstock.com is back from the dead
July 23, 2024
Sherwin-Williams on Tuesday raised its full-year earnings forecast and posted a second-quarter profit that beat estimates, as the paintmaker was helped by higher prices and increased sales
July 23, 2024
More plane orders flowed in at the Farnborough Airshow on Tuesday despite supply chain pressures on jetmakers and complaints
July 23, 2024
Medical supplies distributor Owens & Minor said on Tuesday it has agreed to buy medical equipment firm Rotech Healthcare for $1.36 billion in cash to expand its presence in home-based care
July 23, 2024
Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter
July 23, 2024
Coca-Cola raised its annual sales and profit forecasts on Tuesday, as the beverage maker expects to benefit from price hikes and an advertising blitz, mainly in
July 23, 2024
Japan Airlines has ordered 20 Airbus A350-900 and 11 A321neo planes, Airbus's planemaking chief Christian Scherer said at the Farnborough Airshow on Tuesday.
July 23, 2024
India's Hindustan Unilever (HUL) posted a higher first-quarter profit on Tuesday as price cuts boosted volumes, while a revival of the company's key home care business indicated a
July 23, 2024
China's top economic planner said on Tuesday it will support high-quality companies to borrow medium- and long-term foreign debt, to support the development of the real economy,
July 23, 2024
United Parcel Service lowered its 2024 operating margin target on Tuesday, after new e-commerce customers - identified by industry
July 23, 2024
Virgin Atlantic has ordered a further seven Airbus A330-900 planes, the airline said at the Farnborough Airshow on Tuesday.
July 23, 2024
Novo Nordisk, the maker of weight-loss drug Wegovy, earlier this month bought a 200-acre site in Denmark's third largest city Odense and will begin
July 23, 2024
Robert Bosch has agreed to acquire Johnson Controls' and Hitachi's residential ventilation businesses for $8 billion, it said on Tuesday, in what will be
July 23, 2024
Toyota Motor said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares.
July 23, 2024
Insurer Beazley said on Tuesday it had no plans to alter its guidance in the wake of Friday's global IT glitch, which crashed an estimated 8.5 million Windows-operated devices,
July 23, 2024
South Korean prosecutors have arrested the founder of the country’s tech giant Kakao Corp. on suspicion of stock price rigging during his company’s takeover of a major K-pop agency last year
July 23, 2024
Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, after a strong performance across nearly all product categories
July 23, 2024
Global stocks edged lower after paring early gains while U.S. bond yields dropped on Tuesday as markets awaited economic data and a plethora of corporate earnings,
July 23, 2024
The maker of Robitussin settled a consumer lawsuit that claimed its "non-drowsy" cough and flu medicine causes drowsiness, agreeing to pay $4.5 million and
July 22, 2024
Global business travel spending in 2023 recovered to pre-pandemic levels in North America, Latin America, the Middle East and Africa as companies resumed in-
July 22, 2024
Europe's largest software maker SAP reported a 25% jump in its cloud business and beat analysts' estimates for total revenue for the second quarter on Monday.
July 22, 2024
Japan Airlines has ordered 10 Boeing 787-9 aircraft and agreed options for 10 more, the two companies said at a joint media briefing at the Farnborough Airshow on
July 22, 2024
Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its
July 22, 2024
Boeing is set to announce on Monday an order for roughly 20 777X jets from Korean Air, in a boost to the U.S. planemaker’s long-delayed plane programme, two sources
July 22, 2024
Britain's Vodafone said it sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion), bringing its ownership in a group which controls European mobile phone
July 22, 2024
Aviation leaders will meet at a marque summit outside London on Monday as the industry struggles with supply chain disruptions, aircraft delays and floundering plans
July 21, 2024
U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election.
July 21, 2024
U.S.-based private equity firm Stonepeak said it would buy New Zealand's Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider's shares up nearly
July 21, 2024
There are some signs of a decline in airline yields but this is not yet affecting demand for new aircraft, Airbus's planemaking chief Christian Scherer said on Sunday.
July 21, 2024
Costs from the global outage could top $1 billion – but who pays the bill is harder to understand
July 21, 2024
Varta stock plunged as much as 80% to a record low on Monday after the German battery maker said restructuring options to avert insolvency,
July 21, 2024
Boeing is seeing a significant improvement in production flow at its 737 MAX factory, its new commercial planes chief said on Sunday, as the U.S. planemaker battles to overcome a
July 21, 2024
China released a policy document on Sunday, outlining known ambitions, from developing advanced industries to improving the business environment, with analysts spotting no sign of
July 21, 2024
Transport providers, businesses and governments are rushing to get all their systems back online after long disruptions following a widespread technology outage
July 20, 2024
Japan's biggest steelmaker, Nippon Steel Corp., has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S.
July 20, 2024
Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.
July 20, 2024
The U.S.
July 19, 2024
Walt Disney said on Friday that Oracle chief executive Safra Catz is departing the entertainment company's board after six years.
July 19, 2024
Brazilian planemaker Embraer is gearing up for a "very strong" second half after meeting its expectations for deliveries in the first half of
July 19, 2024
The U.S.
July 19, 2024
PVR Inox, India's largest multiplex operator, reported a first-quarter loss that more than doubled on Friday due to fewer big-budget Bollywood releases and weak box office
July 19, 2024
Reliance Industries, India's most valuable company, reported first-quarter profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.
July 19, 2024
Colombia's Ecopetrol is in talks with U.S. oil producer Occidental Petroleum to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6
July 19, 2024
A U.S. court ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair's website without permission, court documents showed.
July 19, 2024
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of
July 19, 2024
CrowdStrike CEO George Kurtz apologized for a global tech failure that disrupted multiple industries on Friday, vowing to work with all of its customers as they work to get
July 19, 2024
Several U.S. mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs and
July 19, 2024
China will step up support for its program of equipment upgrades and consumer goods trade-ins, state media reported on Friday, citing a cabinet meeting.
July 19, 2024
Burberry's new boss Joshua Schulman faces an immediate strategy dilemma.
July 19, 2024
U.S. stocks extended their slump on Friday as lingering chaos related to a global technical outage caused by a software glitch added uncertainty to an already-
July 19, 2024
Airbus has won European certification for the latest addition to its single-aisle family of jets, the long-distance A321XLR, a spokesperson said on Friday.
July 19, 2024
A Thai investigation into discounts from China's BYD will continue despite a cash-back programme from its distributor in response to
July 19, 2024
Britain's competition regulator said on Friday it has cleared Nationwide Building Society's proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy Virgin Money UK.
July 19, 2024
DOJ says ‘substantial progress’ made toward final plea agreement with Boeing but needs more time
July 19, 2024
Samsung Electronics and representatives of its biggest workers' union in South Korea that has been on a strike since early last week have agreed to resume negotiations on Friday, the
July 19, 2024
Fandango founder identified as man who fell to death from New York City hotel
July 18, 2024
A federal judge on Thursday refused to halt New York City's crackdown on unlicensed sellers of cannabis, citing public safety concerns. U.S.
July 18, 2024
Healthcare provider Ardent Health's shares opened 6% below their initial public offering price in their NYSE debut on Thursday, reflecting new investor caution with new listings amid rate
July 18, 2024
SunPower shares plummeted nearly 20% on Thursday after the solar company informed clients that it is pausing some operations, including deactivating lease and power
July 18, 2024
Abbott Laboratories will use a mix of TV advertisements and guerilla marketing as well as seek to personalize health data to tap people without diabetes for
July 18, 2024
Insurance broker TWFG's shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a
July 18, 2024
Private equity firm Clayton, Dubilier & Rice is exploring options including the sale of a stake in Epicor Software, which counts Formula
July 18, 2024
Ford Motor on Thursday outlined plans to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-
July 18, 2024
Domino's Pizza forecast sequentially slower third-quarter comparable sales on Thursday and trimmed its target for new international store openings, sending its shares
July 18, 2024
Angel City FC set to become world’s most valuable pro women’s sports team following new investment
July 18, 2024
U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings
July 18, 2024
European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on by some positive
July 18, 2024
Swiss drugmaker Novartis raised its 2024 earnings guidance for the second time on Thursday, driven by a gain in prescriptions for drugs including heart failure
July 18, 2024
Insurance broker TWFG, backed by U.S. reinsurer RenaissanceRe, said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million.
July 17, 2024
Nearly a quarter of Japanese companies have adopted artificial intelligence (AI) in their businesses, while more than 40% have no plan to make use of the cutting-
July 17, 2024
Discover Financial Services on Wednesday reported a 70% rise in second-quarter profit, as a high-rate environment helped the U.S. credit issuer earn more in interest income.
July 17, 2024
Darden Restaurants, owner of the Olive Garden chain, has agreed to buy full-service restaurant operator Chuy's Holdings in an all-cash deal which has an enterprise value of $605 million,
July 17, 2024
The parent company of Olive Garden, LongHorn Steakhouse, Yard House and other chains says it's buying the Tex-Mex chain Chuy’s as it seeks to expand its dining options
July 17, 2024
Farm equipment maker John Deere says it will no longer sponsor “social or cultural awareness” events, making the agricultural machinery manufacturer one of the latest U.S. companies to distance itself from diversity and inclusion measures after being targeted by conservative backlash
July 17, 2024
Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months
July 17, 2024
Angel City FC says Walt Disney Company CEO Bob Iger and Southern California dean for communication and journalism Willow Bay will be the new controlling owners of the National Women’s Soccer League team
July 17, 2024
U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment
July 17, 2024
Angel City is set to become the world's most valuable professional women's sports team after finalising a landmark new ownership agreement with Walt Disney CEO Bob Iger and his wife Willow
July 17, 2024
Streetwear brand Supreme is getting a surprising new owner
July 17, 2024
-Discover Financial Services will sell a portfolio of student loans to buyout giants Carlyle and KKR for up to $10.8 billion, the credit card-focused lender said on Wednesday.
July 17, 2024
The iconic Mirage in Las Vegas is closing today after 34 years
July 17, 2024
Australia's Domino's Pizza Enterprises said on Wednesday it expects store growth to be flat to slightly positive in its current fiscal year, and decided to close up to 80 low-
July 17, 2024
Honda Motor has priced shares in a secondary share sale at 1,664.5 yen each, or a 3% discount to Wednesday's closing price, valuing the deal at 497 billion yen ($3.16 billion), the
July 17, 2024
Spain's Criteria, the investment arm of the La Caixa foundation, is considering teaming up with Czech train maker Skoda in its bid for Talgo, Cinco Dias newspaper reported on
July 17, 2024
EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, the companies said on Wednesday, marking the first acquisition of an
July 17, 2024
When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender.
July 17, 2024
Indian education technology company Byju's will challenge insolvency proceedings initiated against it in an attempt to block the process this week, as the startup
July 17, 2024
The Mirage's signature volcano has erupted for the last time
July 17, 2024
Pernod Ricard said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to
July 17, 2024
HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to
July 17, 2024
The Thai industrial sentiment index fell for a third straight month to its lowest in two years in June due to a slow economy, weak demand and bad debt problems, the Federation of
July 17, 2024
Global equity indexes mostly fell on Wednesday as possible U.S. trade curbs on chip equipment pulled tech stocks lower, while Treasury yields and the dollar both hit
July 17, 2024
Elon Musk says he’s moving SpaceX and X out of California
July 16, 2024
The U.S.
July 16, 2024
Tyson Foods heir and executive John R
July 16, 2024
Billionaire Elon Musk says he’s moving the headquarters of SpaceX and social media company X to Texas from California
July 16, 2024
A U.S. judge rejected Build-A-Bear Workshop's effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows,
July 16, 2024
Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone
July 16, 2024
Elon Musk is going all-in on Donald Trump
July 16, 2024
German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year.
July 16, 2024
U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment
July 16, 2024
Charles Schwab's second-quarter profit fell 2% as the brokerage paid out more interest on client deposits and its own borrowings, sending its shares down 7.1% on Tuesday.
July 16, 2024
Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal auto insurance policies, sending its shares up
July 16, 2024
After almost two years of negotiations, a deal to split Russian tech giant Yandex's assets was completed this week, with most revenue-generating businesses staying in
July 16, 2024
SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing to go public in the
July 16, 2024
Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence,
July 16, 2024
The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes,
July 16, 2024
Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all
July 16, 2024
For much of its 72 years, Hitoshi Fujita's company was just another mom-and-pop business grinding out metal parts.
July 16, 2024
Construction and engineering firms are bearing the brunt of Britain's shortage of workers, according to a survey that underscores the challenge for Prime Minister Keir Starmer to
July 15, 2024
Macy’s rejected a takeover offer and is betting on itself
July 15, 2024
Berkshire Hathaway's share price set a record high on Monday, reflecting investors' confidence in Warren Buffett's company, which is often regarded as a microcosm of the
July 15, 2024
Aircraft lessor Aviation Capital Group has finalized an order for 35 Boeing 737 MAX jets, the companies said on Monday.
July 15, 2024
Macy’s is cutting off buyout talks with Arkhouse and Brigade, citing the lack of certain financing
July 15, 2024
Macy's scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the
July 15, 2024
Concentra Group, a Select Medical unit, is eyeing a valuation of $3.30 billion in its U.S. initial public offering, joining a growing list of firms testing the market after a near two-year
July 15, 2024
The French competition authority confirmed on Monday that an investigation is underway into chipmaker Nvidia over alleged anti-competitive practices.
July 15, 2024
SolarEdge Technologies said on Monday it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and ensure financial stability.
July 15, 2024
A deal to split the assets of Russian technology company Yandex was finalised on Monday, with a Russian consortium of investors buying the bulk of Yandex's businesses in
July 15, 2024
French IT company Atos said on Monday it had secured funding of 1.675 billion euros ($1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders
July 15, 2024
British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" look and presses
July 15, 2024
China's new home prices in June fell at the fastest clip in nine years while property sales and investment slumped, increasing pressure on policymakers
July 15, 2024
Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on
July 14, 2024
Australia's Star Entertainment Group said on Monday its systems have been disrupted by performance issues, resulting in the shutdown of all electronic gaming machines and electronic table
July 14, 2024
Secrets of a syrup maker: At 95, Roland Jorns still running Door County maple syrup shop
July 14, 2024
A wedding reception in India completes the monthslong celebrations as the youngest son of Mukesh Ambani, Asia’s richest man, married his longtime girlfriend
July 14, 2024
Boeing has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an
July 13, 2024
The youngest son of Mukesh Ambani, Asia’s richest man, has married his longtime girlfriend in what many have dubbed the wedding of the year
July 13, 2024
Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast
July 13, 2024
Alexis Ohanian said his wager on Angel City FC is paying off amid reports that Disney CEO Bob Iger and his wife Willow Bay are close to purchasing control of
July 12, 2024
A U.S. trade regulator on Friday announced a suite of actions taking aim at "unfair and deceptive practices" it said are illegally imposed on U.S. franchisees by their
July 12, 2024
Chicago coffee shop aims to keep DNC attendees well caffeinated
July 12, 2024
U.S. grains merchant Bunge and Glencore-backed Viterra have offered to sell assets in two European Union countries in a bid to secure EU antitrust clearance for their $34 billion
July 12, 2024
Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year
July 12, 2024
Three U.S. Senators are calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them
July 12, 2024
German media giant Axel Springer, which owns Germany's popular Bild tabloid and political news company Politico, is considering a split of the company together with private equity
July 12, 2024
Institutional Shareholder Services (ISS) said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board
July 12, 2024
Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S.
July 12, 2024
U.S. grains merchant Bunge and Glencore-backed Viterra have offered to divest assets in two EU countries aimed at winning EU antitrust approval for their $34
July 12, 2024
U.S. companies from Nike to Warner Bros are opening new stores and holding big marketing events in Paris before and during the Olympics, betting that excitement for the summer games can
July 12, 2024
Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S.
July 12, 2024
The wedding of a scion from India's ultra-wealthy Ambani family - much in the news for its opulent celebrations and VIP-studded guest list - has
July 12, 2024
Taiwan President Lai Ching-te thanked memory chipmaker Micron's Chief Executive Sanjay Mehrotra on Friday for his trust and continued investment in the island, in a rare public
July 12, 2024
Australia's competition watchdog has started an informal review of the network sharing deal between TPG Telecom and Optus, owned by Singapore Telecommunications, the regulator said on
July 12, 2024
Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling
July 12, 2024
Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle
July 12, 2024
Boeing has notified some 737 Max customers in recent weeks that aircraft due for delivery in 2025 and 2026 might face additional delays of three to six months, Bloomberg News reported on
July 12, 2024
A large metal arm in a Japanese factory swept a cluster of fluffy white fabric rectangles off a carousel into a group to be wrapped in plastic before packaging for
July 12, 2024
How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
July 11, 2024
Estee Lauder said on Thursday that Tracey Travis would be stepping down and retiring from her 12-year role as the MAC lipstick maker's finance chief, effective June 30, 2025.
July 11, 2024
The U.S. Department of Labor says Dollar General has agreed to pay a $12 million fine and improve conditions at its thousands of retail stores nationwide to make them safer for workers
July 11, 2024
Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers
July 11, 2024
Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow,
July 11, 2024
Oil producers Chevron Corp and Hess Corp expect the U.S.
July 11, 2024
Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
July 11, 2024
PepsiCo CEO Ramon Laguarta said Thursday there is "much more price sensitivity" across U.S. income groups and not just low-income
July 11, 2024
Cuba is tightening regulations on fledgling private businesses, reining in profits and beefing up oversight as the government wrestles with how best to manage fast-growing private
July 11, 2024
Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as
July 11, 2024
The biggest U.S. bank wants to get even bigger.
July 11, 2024
PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed
July 11, 2024
French sports retailer Decathlon is shopping for specialist brands to expand its business, capitalising on a post-pandemic shakeout in the industry that has made
July 11, 2024
Costco Wholesale said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1.
July 10, 2024
The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars
July 10, 2024
Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response
July 10, 2024
The former CEO of healthcare software company SCWorx Corp was found guilty of investor fraud for falsely stating the company was becoming a major supplier of
July 10, 2024
Michelin-starred $230 omakase dining experience canceled at iconic 'Flintstone House'
July 10, 2024
Amazon.com announced a series of largely incremental refinements on Wednesday to several of its artificial intelligence products as it seeks to keep rivals at bay amid a
July 10, 2024
Target will stop accepting this old school form of payment
July 10, 2024
Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce
July 10, 2024
By Max A.
July 10, 2024
Manufacturers are deploying planned Generative AI initiatives at a slower-than-anticipated pace on concerns around accuracy, Lucidworks said in a study on Wednesday.
July 10, 2024
Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia's Google, one of the final steps needed to complete a more than $5 billion deal that will see
July 10, 2024
The Nasdaq and S&P 500 hit record highs on Wednesday fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and
July 10, 2024
China’s Commerce Ministry has announced it will launch an investigation into whether unfair trade practices were adopted by the European Union in its probe of Chinese companies
July 10, 2024
Alstom has signed a framework deal worth up to 2.8 billion euros ($3.0 billion) to deliver 374 new metro trains and rail technology for Hamburger Hochbahn in Germany, the
July 10, 2024
Danish drugmaker Novo Nordisk has signed a deal with Indonesia's state-owned pharmaceutical company Bio Farma to package insulin to combat diabetes in the Southeast Asian country, a
July 10, 2024
Volkswagen shares slipped on Wednesday after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second
July 10, 2024
Japan's Yokohama Rubber is in talks to buy Goodyear Tire & Rubber's off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday.
July 10, 2024
When California’s minimum wage increase went into effect in April, fast food workers across the state went from making $16 to $20 overnight
July 10, 2024
Chipotle Mexican Grill said on Tuesday that Jack Hartung, its long time veteran, would be stepping down and retiring from his role as finance chief of the company effective March 31.
July 09, 2024
City official 'shaken' by 76 gas station robbery, owner calls on police to 'do their job'
July 09, 2024
Ford Motor is receiving a reduced incentive
July 09, 2024
Volkswagen on Tuesday warned it may close the Brussels site
July 09, 2024
Boeing sold just three passenger jets in the past month
July 09, 2024
Boeing said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27% drop on an annual basis
July 09, 2024
A lawyer for Sen. Bob Menendez at the Democrat's bribery trial has urged jurors to acquit him of every charge, saying prosecutors had failed to prove a single count beyond a reasonable doubt
July 09, 2024
The consolidation of pharmacies and health insurance companies through years of dealmaking has led to a handful of pharmacy benefit managers
July 09, 2024
Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in the country, as part of a global restructuring.
July 09, 2024
Anglo American has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off an
July 09, 2024
U.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise compensation for
July 09, 2024
A jury in Manhattan federal court began deliberations on Tuesday in the criminal case against Archegos Capital Management founder Sung Kook "Bill" Hwang, accused by
July 09, 2024
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million
July 09, 2024
French software company Dassault Systemes cut its full-year earnings target on Tuesday, sending shares lower, as it warned that customers were being cautious with spending and were delaying
July 09, 2024
Australian auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital
July 08, 2024
Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-
July 08, 2024
British consumer spending contracted in June, hurt by bad weather, according to surveys on Tuesday that added to recent signs of the country's tepid economic growth that the
July 08, 2024
A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk should be voided
July 08, 2024
LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case
July 08, 2024
Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the
July 08, 2024
Airbus confirmed on Monday it had delivered 323 airplanes in the first half of the year, up 2% from 316 in the same period of 2023.
July 08, 2024
Masimo said on Monday a potential joint venture partner is prepared to offer $850 million to $950 million for its consumer business, which includes health and audio
July 08, 2024
Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms
July 08, 2024
Boeing's U.S.
July 08, 2024
Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs
July 08, 2024
Vista Outdoor on Monday rejected investment firm MNC Capital's final buyout offer of $3.2 billion, citing that it undervalued the company, and said it had agreed to an increased bid for its
July 08, 2024
Chip buyers, including the German car industry, need the older generation computer chips that Chinese chipmakers are currently investing in, the CEO of equipment maker ASML said
July 08, 2024
The 2021 collapse of Sung Kook "Bill" Hwang's Archegos Capital
July 08, 2024
German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said on Monday, as the life insurance business struggles with a
July 08, 2024
Samsung Electronics workers began a three-day strike for better pay on Monday, with their union pointing to further action should South Korea's
July 07, 2024
John Deere to lay off roughly 600 employees from three US factories
July 07, 2024
France's business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of
July 07, 2024
South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the U.S., the Financial Times
July 07, 2024
Vietnam is targeting gross domestic product (GDP) growth of 6.5%-7.0% in the third quarter, Prime Minister Pham Minh Chinh said on Saturday.
July 06, 2024
The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are
July 06, 2024
Talen Energy has asked U.S. regulators to reject a challenge to its recent Amazon data center deal, which is being opposed by a group of electric utilities that
July 05, 2024
Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves
July 05, 2024
Hong Kong's Cathay Pacific Airways will buy back the remaining 50% of preference shares that were issued to the Hong Kong SAR Government on July 31, the company said on Friday.
July 05, 2024
Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs,
July 05, 2024
Several state-owned firms in China's financial hub of Shanghai have recently purchased Tesla's best-selling Model Y as service cars, a local government statement said on Friday.
July 05, 2024
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD
July 05, 2024
Toyota Motor did not find any new cases of wrongdoing in the certification applications of its car models beyond the ones it had already reported last month, the Japanese automaker
July 05, 2024
French technology company Atos said on Friday it had successfully secured short-term financing via two tranches of loans from creditors, adding it still expected to reach a final
July 05, 2024
Australia's federal court has found that PayPal's local unit used an unfair term in its standard contracts with small business customers who overlooked errors in overcharging, the country's
July 05, 2024
Canada's services economy moved back into contraction in June as a decline in new business weighed on the sector's performance even as inflation pressures cooled, S
July 04, 2024
Some foreign companies are considering moving Taiwanese employees out of China after Beijing said it could impose the death penalty on "diehard" Taiwan independence
July 04, 2024
Japanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell Honda Motor shares worth 535 billion yen ($3.3 billion) to unwind cross-shareholdings, a
July 04, 2024
European shares rose on Thursday amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as
July 04, 2024
Lufthansa will consider raising its stake in Italy's ITA Airways to 90%, starting from early next year, the CEO of the German airline said in an interview published on Thursday.
July 04, 2024
World stocks clocked up more record highs on Thursday after U.S. data narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters
July 04, 2024
Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
July 04, 2024
A U.S. judge dismissed turnaround specialist Jay Alix's lawsuit accusing consulting giant McKinsey & Co of misleading bankruptcy courts about conflicts of
July 03, 2024
A federal judge in Texas on Wednesday partially blocked a U.S.
July 03, 2024
Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots.
July 03, 2024
Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest
July 03, 2024
A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the economy at the end of
July 03, 2024
Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands' Council of State ruled on Wednesday,
July 03, 2024
Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines
July 03, 2024
Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S.
July 03, 2024
Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc's dominant services industry failed to offset a further deterioration in
July 03, 2024
Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday.
July 03, 2024
A Hong Kong court gave Chinese property developer Kaisa Group a seven-week respite on Monday to finalise a debt restructuring plan, adjourning a hearing on a
July 03, 2024
German business morale unexpectedly fell in June amid increasing pessimism about the performance of Europe's largest economy, a survey of around 9,000 managers
July 03, 2024
British manufacturing orders contracted in June at a reduced pace compared with a month earlier, despite a sharp drop in export orders, a survey from the Confederation of British Industry
July 03, 2024
Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday.
July 03, 2024
Telecom Italia (TIM) will finalise on July 1 the landmark sale of its fixed-line domestic access network to U.S. fund KKR, a deal that makes it the first phone
July 03, 2024
Shopify made its artificial intelligence-powered tools, including the Sidekick assistant and image-generation feature, available to more users on Monday, in a bid to
July 03, 2024
Foxconn Singapore has been awarded a licence to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday.
July 03, 2024
United Parcel Service, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday.
July 03, 2024
Some of the world's biggest companies, finance houses, cities and regions have joined forces to urge governments to increase their climate
July 03, 2024
Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular
July 03, 2024
TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S.
July 03, 2024
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of
July 03, 2024
Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday.
July 03, 2024
Shimao Group has sweetened its offshore debt restructuring terms to garner support from creditors, said three sources, as the Chinese property developer
July 03, 2024
Lab testing firm Eurofins on Tuesday rejected allegations made a day earlier by short seller Muddy Waters which questioned its financial reporting and hit its shares, saying it was
July 03, 2024
Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access
July 02, 2024
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion
July 02, 2024
Donald Trump appeared in New York court on Tuesday for the third week of a civil fraud trial that could dismantle pillars of the former U.S. president's business empire.
July 02, 2024
Bond yields rose on Tuesday and stocks steadied as markets continued to retrace last week's moves to safe-haven assets, focusing on corporate
July 02, 2024
Donald Trump was fined $10,000 on Wednesday after the New York judge overseeing his civil fraud trial said the former U.S. president for a second time
July 02, 2024
Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000 yuan ($1,913.88) from Friday, it said on a social media notice.
July 02, 2024
At Best Thai II in coastal Maine, the phone has been ringing off the hook.
July 02, 2024
The head of self-driving auto technologies firm Mobileye and one of Israel's leading businessmen, Amnon Shashua, on Sunday urged the immediate ouster of Prime Minister Benjamin
July 02, 2024
Global stock indexes advanced on Monday, with U.S. stocks rallying more than 1% after recent sharp declines, while the yen rose to a two-week high against
July 02, 2024
U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S.
July 02, 2024
Japan's efforts to regain its position as a leading manufacturer of chips are "impressive", the head of a leading chip research organisation said on Thursday.
July 02, 2024
Some of the world's top investment bankers said on Wednesday that a drop in corporate dealmaking in 2023 sets the stage for a pick-up in activity once uncertainty
July 02, 2024
Boeing must deliver 70 narrowbody 737s and 14 widebody 787 Dreamliners in November and December to meet its target for 2023, setting the U.S. planemaker up
July 02, 2024
Citigroup CEO Jane Fraser announced the next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday.
July 02, 2024
Amazon.com founder Jeff Bezos is expected to offload more of his stake in the company on Tuesday after selling shares worth about $240 million last week, CNBC reported, citing a source.
July 02, 2024
A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy is expected to fail after the largest shareholder in
July 02, 2024
Choice Hotels International is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts, seeking to break a stalemate in an $8 billion takeover battle,
July 02, 2024
For years, Hota Industrial Mfg.
July 02, 2024
The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight
July 02, 2024
Apple has informed component suppliers of its preference to source batteries for the forthcoming iPhone 16 from Indian factories, the Financial Times reported on Wednesday.
July 02, 2024
Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in
July 02, 2024
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's private, after stiff competition from online
July 02, 2024
U.S. chipmaker Nvidia's chief executive said on Monday the company will expand its partnership with Vietnam's top tech firms and support the country in training talent for developing
July 02, 2024
Nippon Steel said on Tuesday it can afford to pay $14.9 billion for U.S.
July 02, 2024
Airbus is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said
July 02, 2024
Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday.
July 02, 2024
Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened
July 02, 2024
U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup
July 02, 2024
Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war
July 02, 2024
Global stock indexes fell and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start of
July 02, 2024
CNN's new CEO Mark Thompson plans to combine all newsgathering operations of the news network into one unit that would serve its television, streaming and digital platforms, the Wall
July 02, 2024
Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say they
July 02, 2024
United Airlines has approached Airbus about buying more A321neo jets to fill a potential void left by the delayed Boeing 737 MAX 10, in a trade-off likely to ease deadlock
July 02, 2024
Activist investor Barington Capital has set its sights on Mattel and is seeking big changes to boost the toymaker's stock, the Wall Street Journal reported on Thursday.
July 02, 2024
Asian shares were buoyed by a late bounce in U.S. tech on Friday as results from Meta and Amazon beat expectations, while investors are bracing for U.S. jobs figures,
July 02, 2024
Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's
July 02, 2024
Thai Airways International said on Wednesday it has entered into an agreement with Boeing and GE Aerospace for a firm order of 45 wide-body jets to expand its fleet, with
July 02, 2024
Japan's Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on
July 02, 2024
Boeing said on Tuesday it delivered 27 airplanes in January, which was down 29% from the same month last year as regulators, lawmakers and customers pressured
July 02, 2024
Shares of Intuitive Machines shot up 43% in premarket trading after the space exploration company became the first private firm to successfully land a spacecraft on the moon.
July 02, 2024
AT&T will credit customers a full day of service for the carrier's more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the "right thing to do."
July 02, 2024
Shares of legacy automakers have outpaced their electric counterparts over the last few weeks, as investors respond to company decisions to prioritize higher-margin, gas-
July 02, 2024
Beneath the world's largest open-pit copper mine in Chile lies a tunnel complex filled with dust so dense that machines frequently
July 02, 2024
Embattled lender New York Community Bancorp is seeking a cash infusion, the Wall Street Journal reported on Wednesday.
July 02, 2024
A bumper crop of 40 high-profile hedge fund launches by former portfolio managers of multi-billion dollar firms is expected this year,
July 02, 2024
The founding family behind Nordstrom Inc is seeking to take the U.S. department store operator private, six years after a similar
July 02, 2024
Europe's energy taxes are worsening industry woes, power CEO says
Tens of thousands displaced by ethnic violence in northeast India suffer squalid conditions in camps
Australia approves extradition of former US Marine over alleged training of Chinese military pilots
South Korea finance minister sees political turmoil weighing on economic growth
Lagarde says ECB very close to reaching its inflation goal, FT reports
Dallas Cowboys make owner Jerry Jones proud after being eliminated from the playoff chase
Tyreek Hill says drops against 49ers were a result of lack of practice reps with Tua Tagovailoa
Facing hometown Canucks 'a bit surreal' for Sharks rookie Macklin Celebrini