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
Companies are responding to disruptions to shipping on the shortest route between Europe and Asia.
July 02, 2024
Orders for long-lasting U.S. manufactured goods increased more than expected in February, while business investment on equipment appeared to improve in the first quarter.
July 02, 2024
Home Depot said on Thursday it would buy building products distributor SRS Distribution in a deal valued at about $18.25 billion including debt.
July 02, 2024
General Motors on Tuesday posted quarterly results that topped Wall Street targets and the automaker raised its annual forecast, citing stable pricing and demand for
July 02, 2024
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech
July 02, 2024
Elon Musk's surprise visit to China this week won concessions for Tesla but left India feeling spurned after he cancelled a scheduled trip there for earlier this
July 02, 2024
Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to
July 02, 2024
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job,
July 02, 2024
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren
July 02, 2024
Warren Buffett takes center stage in Omaha for Berkshire Hathaway's annual shareholder meeting on Saturday, as investors size up his
July 02, 2024
Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on
July 02, 2024
U.S.
July 02, 2024
Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif said on Tuesday, broadening its
July 02, 2024
Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, Chief Executive Duncan Wanblad told
July 02, 2024
Boeing’s departing CEO Dave Calhoun was re-elected to stay on
July 02, 2024
Japanese corporate services prices in April rose at their fastest pace since early 2015, Bank of Japan data showed on Tuesday, boosted by labour costs in the services sector in a
July 02, 2024
Business travel has returned to the United States, hotel executives at a New York industry conference said this week, as companies of all sizes are increasingly
July 02, 2024
A workers' union at Samsung Electronics staged its first walkout on Friday, signalling more assertiveness among employees just as South Korea's most
July 02, 2024
The Nasdaq and the S&P 500 rose on Tuesday to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the U.S.
July 02, 2024
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and
July 02, 2024
Polish police have opened an investigation into possible manipulation of financial instruments by Hindenburg Research, fashion group LPP said on Thursday.
July 02, 2024
Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion
July 02, 2024
CDK Global says ‘substantially all’ dealers are back online after a crippling hack
July 02, 2024
Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday.
July 02, 2024
Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters.
July 02, 2024
Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter.
July 02, 2024
FTC unanimously moves to block $4 billion merger of mattress giants
July 02, 2024
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the
July 02, 2024
Euro zone consumer confidence rose by 0.3 point in June from the May number, figures released on Thursday showed.
July 02, 2024
The London Stock Exchange Group announced a multi-year news and data partnership with Dow Jones that will include content from the Wall Street Journal, the companies said on Tuesday.
July 02, 2024
Two of Toyota's top suppliers, Denso and Aisin, have sold off holdings in several Toyota-affiliated companies, regulatory filings showed on Thursday, in the latest reduction of cross
July 02, 2024
Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weaking demand for the company’s products and electric vehicles overall
July 02, 2024
Air Canada said on Tuesday that it has agreed to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation.
July 02, 2024
The short seller that took on Gautam Adani made surprisingly little money
July 02, 2024
Malaysian and Chinese firms signed agreements on Thursday for potential investments worth 13.2 billion ringgit ($2.80 billion) to collaborate in sectors ranging from oil and
July 02, 2024
Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank's new head of the region Ignacio
July 02, 2024
Indian metals-to-oil conglomerate Vedanta will raise up to 10 billion rupees (nearly $120 million) by issuing non-convertible debentures through a private placement, the company
July 02, 2024
Mexican food chain Guzman Y Gomez served up Australia's best initial public offering debut in three years with its shares leaping more than one-third on their first
July 02, 2024
Vietnam's Ministry of Planning and Investment is finalising a draft plan to set up a fund to help attract foreign investment and maintain the country's competitiveness, according to
July 02, 2024
Hong Kong's May retail sales fell 11.5% from a year earlier, government data showed on Tuesday, reflecting a surge in outbound trips, strength in local currency and a high base
July 02, 2024
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's
July 02, 2024
The chief executive of Brazilian oil giant Petrobras, Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining
July 02, 2024
Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday.
July 02, 2024
Ryanair flew a record 19.3 million passengers in June, up 11% from a year earlier, the low-cost airline said on Tuesday.
July 02, 2024
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut
July 02, 2024
Four of Japan's top property and casualty insurers and other financial firms plan to sell around 500 billion yen ($3.1 billion) of shares in Honda Motor, three people said, as the
July 02, 2024
Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro.
July 02, 2024
Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the
July 02, 2024
Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday.
July 01, 2024
GE Aerospace said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed on Monday.
July 01, 2024
Shareholder backing for Toyota Chairman Akio Toyoda slid for a second straight year, results from its annual general meeting showed on Wednesday, with his support
July 01, 2024
Airbus delivered a preliminary total of around 67 airplanes in June, bringing the total for the first half of the year to around 323 aircraft, up 2% from the same period
July 01, 2024
The New York supermarket chain Gristedes will pay a $400,000 civil fine and spend $13.5 million on repairs and upgrades to settle charges that its store
July 01, 2024
The chairman of defaulted Chinese developer Kaisa Group returned to mainland China from Hong Kong for the first time in almost a decade to get regulatory
July 01, 2024
Community rallies together after family loses Rapidan Dam Store, home in same week
July 01, 2024
Trump Tower is coming to Saudi Arabia
July 01, 2024
Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media
July 01, 2024
The ownership group that controls the NBA champion Boston Celtics says it intends to sell all its shares of the team
July 01, 2024
Bragg Live Food Products, which is backed by celebrities Katy Perry and Orlando Bloom, is exploring a sale that could value the maker of apple cider vinegar
July 01, 2024
Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection
July 01, 2024
Keith Gill, the meme stock trader "Roaring Kitty," thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products
July 01, 2024
Avianca Group plans to confidentially file for an initial public offering in the United States, the holding company for the Colombian airline said on Monday.
July 01, 2024
Europe's biggest food retailer Carrefour said on Monday it was expecting greater financial benefits from the acquisition of the Cora and Match retailers than previously,
July 01, 2024
CDK Global said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4, about two weeks after a cyberattack-led
July 01, 2024
South Africa's new unity government inspired cautious optimism on Monday from industry and financial markets but many citizens and political analysts fear
July 01, 2024
Airbus may end up owning some assets of Spirit AeroSystems in Scotland and Malaysia if the transatlantic supplier is unable to find a buyer for them, a filing from
July 01, 2024
More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday,
July 01, 2024
The top U.S. oil and corn industry lobby groups said on Tuesday they were suing President Joe Biden's administration over its plans to slash planet-warming tailpipe emissions from cars and
July 01, 2024
The U.S.
July 01, 2024
South African pharmacy chain Clicks Group said on Monday it would sell drug maker Unicorn Pharmaceuticals to comply with a court ruling, clearing the way for the health ministry to issue
July 01, 2024
Inflation fell in five important German states in June, preliminary data showed on Monday, suggesting that national inflation could decline this month.
July 01, 2024
Boeing agrees to buy spinoff Spirit Aerosystems as part of plan to shore up safety
July 01, 2024
A Russian consortium leading a buyout of Yandex, often dubbed Russia's Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9
July 01, 2024
Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance
July 01, 2024
Blackstone launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen,
July 01, 2024
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body
July 01, 2024
A lot of politicians have promised change to voters in Hartlepool, a wind-whipped port town in northeast England
July 01, 2024
Brazilian planemaker Embraer sees itself as a "great solution" for carriers to add capacity more quickly amid constraints to 'big' narrowbody
July 01, 2024
The lack of reliable electricity severely affects education and businesses in Nigeria
July 01, 2024
Global stocks edged higher in choppy trading on Monday, while U.S.
July 01, 2024
South Korea's factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private-sector survey showed on
June 30, 2024
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in
June 30, 2024
Japan's Hitachi is considering selling its 40% stake in an air-conditioning joint venture with Johnson Controls International Plc, Bloomberg News reported on Tuesday, citing people
June 30, 2024
U.S. machinery maker Caterpillar's former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed.
June 30, 2024
Japanese electronic motor maker Nidec sees its business in water-cooling modules for generative artificial intelligence data centres expanding to 1 trillion yen ($6.32 billion) in
June 30, 2024
The price Japanese companies charge each other for services with high labour costs rose 2.8% in April from a year earlier, the fastest increase in nearly four years,
June 30, 2024
South Korea's SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI, its parent SK
June 30, 2024
China's non-manufacturing activity expanded at a much slower pace in June, an official survey showed on Sunday, as consumers remained wary of spending amid property downturn and
June 30, 2024
Hong Kong's stock market will stay open during typhoons and heavy rain effective Sept. 23, a change that will help maintain the global financial hub's competitiveness, city
June 30, 2024
Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly
June 30, 2024
Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency, the company said on
June 30, 2024
The startup behind You.com is raising $50 million in fresh capital, a person familiar with the effort said, as it seeks a foothold in the growing market for
June 29, 2024
Tractor Supply Co. backtracks on DEI roles and goals
June 29, 2024
Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did
June 29, 2024
The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance's plans for a sale or stock market listing of the chain stalled, according to a
June 29, 2024
Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss
June 29, 2024
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told
June 29, 2024
Ford Motor Co expects to launch a $30,000 EV that could be profitable in about two and a half years but did not provide any further details on the vehicle, CNBC reported on Friday.
June 28, 2024
An analyst ordered 75 Chipotle burrito bowls to test portion sizes
June 28, 2024
6-year-old girl gets special ribbon cutting ceremony for entrepreneurship
June 28, 2024
Tractor Supply says it is ending an array of corporate diversity and climate efforts
June 28, 2024
3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan
June 28, 2024
European shares slipped on Thursday, with automakers falling on continued jitters over the European Union's new tariffs on imported Chinese electric
June 28, 2024
Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15
June 28, 2024
U.S.
June 28, 2024
The chief executive of TIM Brasil, Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network
June 28, 2024
The U.S.
June 28, 2024
Elon Musk's army of small-investor allies took a victory lap on Thursday as the Tesla CEO won a critical shareholder vote for his $56 billion pay package
June 28, 2024
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the
June 28, 2024
British homebuilder Crest Nicholson said on Friday rival Bellway's revised and unsolicited 650 million pound ($828 million) all-share takeover offer "significantly undervalued" the group,
June 28, 2024
Norway's $1.7 trillion wealth fund, a top shareholder in Tesla, will continue "a constructive dialogue" with the automaker after its annual general meeting endorsed CEO Elon Musk's $
June 28, 2024
New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.
June 28, 2024
The chairman of Tesco told investors on Friday he had "no difficulty" defending the near 10 million pound ($13 million) pay package of the British supermarket group's
June 28, 2024
OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that the firm's nonprofit board doesn't control, The
June 28, 2024
Nike stopped selling its sportswear to Russia soon after Moscow launched its full-scale invasion of
June 28, 2024
Japan's core machinery orders fell in April for the first time in three months, government data showed on Monday, due to a pullback from the prior month's big
June 28, 2024
South Korea's SK Group Chairman Chey Tae-won said on Monday the conglomerate would prevent the outcome of his recent divorce payment ruling from leaving SK companies
June 28, 2024
Claudio Graziano, the chairman of Italian state-controlled shipbuilder Fincantieri and a former army general, has died, the company said in a statement on Monday.
June 28, 2024
Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on
June 28, 2024
Amazon and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries, the two parties said on
June 28, 2024
Thai consumer confidence dropped for a third straight month in May, falling to its lowest level since October last year on concerns over a slow economic recovery and political
June 28, 2024
Investors will vote on Tesla CEO Elon Musk's $56 billion compensation package and the company's reincorporation in Texas, from Delaware, at a shareholder meeting on Thursday.
June 28, 2024
Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package which was voided by a Delaware judge in January.
June 28, 2024
The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also
June 28, 2024
Russians are still indulging in foreign-made Toblerone chocolate, according to internal sales documents seen by Reuters, showing the difficulty of U.S.
June 28, 2024
Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management
June 28, 2024
Nike's stock slumped 20% on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the
June 28, 2024
European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L'Oreal weighed, while the benchmark
June 28, 2024
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting
June 28, 2024
At least four companies ranging from a U.S.-based jet manufacturer to a Chinese generative AI firm launched Hong Kong initial public offerings on Friday to raise up
June 28, 2024
Insurance broker Aon and the U.S.
June 28, 2024
The oldest U.S. bank is getting a new name. Bank of New York Mellon is embracing BNY as its new moniker, it announced on Tuesday.
June 28, 2024
Shares of Insurance Australia Group rose 9% on Friday after the company bought reinsurance protection from a unit of Berkshire Hathaway and Canada Life Reinsurance in a
June 28, 2024
For years, Japan's Fujifilm pivoted away from its legacy camera business to focus on healthcare.
June 27, 2024
Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after almost two years of
June 27, 2024
Shares in some of Europe's biggest automakers dropped on Wednesday on fears of Chinese retaliation after the European Commission said it would impose duties on imported
June 27, 2024
South Korea's main opposition leader was indicted on Wednesday on bribery charges in an alleged scheme to use an underwear maker to transfer funds to North Korea and facilitate a
June 27, 2024
The U.S.
June 27, 2024
The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond
June 27, 2024
U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-
June 27, 2024
New orders for key U.S.-manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing costs
June 27, 2024
Boeing said on Tuesday it delivered 24 commercial planes in May, about half of the 50 jets it handed over to customers during the same month a year earlier, as it
June 27, 2024
Apple's developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology,
June 27, 2024
British Airways owner IAG has again offered remedies to the European Commission aimed at securing EU approval of its takeover of Spain's Air Europa.
June 27, 2024
Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's
June 27, 2024
Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its
June 27, 2024
French cloud services provider OVHcloud reported third quarter revenue ahead of market expectations on Thursday, driven by strong demand from U.S. tech
June 27, 2024
A Mitsubishi Heavy Industries executive said Thursday that despite the government's commitment to made-in-Japan aircraft, now is not the time to decide whether to re-enter the
June 27, 2024
China's industrial profits rose at a sharply slower pace in May, official data showed on Thursday, underlining the struggles faced by the world's second-largest economy as weak
June 27, 2024
Australian business conditions eased further in May to below their long-run average as growth in sales and profits slowed, a survey showed on Tuesday, while cost pressures showed
June 26, 2024
Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review,
June 26, 2024
Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or deny.
June 26, 2024
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market
June 26, 2024
Haleon will sell its nicotine replacement therapy business outside the U.S. to a unit of India's Dr.
June 26, 2024
Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards
June 26, 2024
German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter,
June 26, 2024
French technology firm Atos said on Wednesday a consortium led by investor David Layani's Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a
June 26, 2024
European shares slipped on Wednesday as government bond yields rose on concerns about persistent global price pressures ahead of a
June 26, 2024
A liquidation case against Chinese property developer Shimao Group has been adjourned to July 31 as it has again extended a deadline for creditors in relation to a debt
June 26, 2024
Australia's Star Entertainment has appointed Steve McCann as its group CEO and managing director to lead the embattled casino operator out of a regulator inquiry into its
June 25, 2024
Ira Galtman is part of a small community of corporate archivists
June 25, 2024
U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
June 25, 2024
Albemarle, the world's largest lithium producer, plans to hold more auctions for the metal used in electric vehicle batteries to boost price transparency and
June 25, 2024
Nike is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition
June 25, 2024
The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Facebook and Google
June 25, 2024
Stability AI said on Tuesday it has raised funds and appointed industry veteran Prem Akkaraju as its top boss, months after the exit of founder and CEO Emad
June 25, 2024
Eli Lilly said on Tuesday it will collaborate with OpenAI to leverage its generative AI to develop antimicrobials that can be used to treat drug-resistant bacteria.
June 25, 2024
French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg
June 25, 2024
The U.S.
June 25, 2024
Waystar's shares fell in their Nasdaq debut on Friday, after the healthcare payments company raised $968 million in its U.S. initial public offering, in
June 25, 2024
Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed.
June 25, 2024
Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.
June 25, 2024
Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the airline's underperformance,
June 25, 2024
Australian broadcaster Nine Entertainment Co Holdings Ltd said its chairman Peter Costello resigned on Saturday and has been replaced by non executive deputy chair Catherine West.
June 25, 2024
Nissan Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday, a sign of
June 25, 2024
Chinese artificial intelligence (AI) companies are moving swiftly to attract users of OpenAI's technology, following reports the U.S. firm plans to restrict access in China and
June 25, 2024
Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has fallen to 79.22% from 95.93% a year ago after proxy advisor Institutional Shareholder
June 25, 2024
The prospect of a politically extreme party with little or no government experience taking power after France's parliamentary elections is worrying investors, the
June 25, 2024
Airbus softened key industrial and financial targets and took a hefty 900-million-euro ($965 million) charge for its troubled space activities as Europe's largest
June 24, 2024
Rental car firm Hertz is weighing a sale of at least $700 million in secured debt and a convertible notes offering, as it looks to shore up its balance sheet, Bloomberg News reported on
June 24, 2024
The S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous
June 24, 2024
Airbus delivered 53 aircraft in May, down 16% from the same month last year and bringing the number of airplanes handed over to customers since Jan. 1 to 256, the planemaker said on
June 24, 2024
Airbus has started building a new A320neo-family assembly line in Toulouse to replace an older and less efficient facility and help speed up production from next year.
June 24, 2024
For one weekend day this fall in New York — and for a price — MSNBC fans can see many of their favorite personalities in real life
June 24, 2024
Car dealerships across North America are still wrestling with disruptions that started last week
June 24, 2024
Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast
June 24, 2024
New Era Cap, a supplier of major U.S. sports league headware, has agreed to acquire sports lifestyle brand '47, people familiar with the matter said on Thursday.
June 24, 2024
Brazilian restaurant chain operator Zamp has agreed to buy the rights to operate the Starbucks brand and some stores in the South American country, it said on Thursday, sending
June 24, 2024
Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it
June 24, 2024
Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who will replace her in one of the fashion
June 23, 2024
Delta Air Lines plans to announce on Thursday it will apply for a new flight between Seattle and Washington Reagan National Airport as airlines battle over
June 23, 2024
Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000.
June 23, 2024
Corruption in Italy has declined over the last few years but remains a problem, with business owners and the self employed the most affected, a report published on Thursday by the
June 23, 2024
Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday.
June 23, 2024
The chief executive of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial
June 23, 2024
Peru's President Dina Boluarte will travel to China this month to meet with her Chinese counterpart Xi Jinping and leaders from mining, technology and transportation firms after the
June 22, 2024
McDonald's does not have the exclusive right to the term "Big Mac" for poultry products in Europe after five straight years of not using it, the region's second top
June 22, 2024
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in
June 21, 2024
British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the
June 21, 2024
Everton says the Texas-based Friedkin Group is in exclusive discussions to buy a majority stake in the Premier League club
June 21, 2024
U.S. business activity crept up to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent slowdown in
June 21, 2024
Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer
June 21, 2024
An Indian-born billionaire and three family members have been sentenced to prison for exploiting domestic workers at their lakeside villa in Switzerland
June 21, 2024
Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on Friday
June 21, 2024
Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed
June 21, 2024
London stocks closed the week on a positive note after domestic inflation fell to the Bank of England's 2% target earlier this week, raising bets of an
June 21, 2024
Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialize gastrointestinal drug Vonoprazan in the country.
June 21, 2024
China's services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey showed on
June 21, 2024
South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday.
June 21, 2024
In the week and a half since Nvidia CEO Jensen Huang arrived in Taiwan, his every move has been breathlessly followed.
June 21, 2024
Growth among Britain's services businesses eased in May from April's 11-month high and inflation pressures dropped to their lowest in three years, a survey showed
June 21, 2024
HanesBrands said on Wednesday it would sell its sportswear brand Champion to Authentic Brands Group in a deal valued at $1.2 billion, as the company looks to streamline business and focus
June 21, 2024
The U.S. services sector snapped back into growth mode in May after a short-lived contraction in the prior month, with a measure of business activity improving by the most in
June 21, 2024
Confidence among big Japanese manufacturers likely improved slightly in the three months to June, while non-manufacturers' mood slipped a bit, the Bank of Japan's (BOJ) closely-
June 21, 2024
A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit
June 21, 2024
SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said
June 21, 2024
Japan's factory activity expanded for a second straight month in June but the pace of growth eased as orders weakened and cost pressures intensified, a business survey showed on
June 20, 2024
A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed,
June 20, 2024
The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper
June 20, 2024
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers
June 20, 2024
Airlines and energy firms clashed over scarce availability of alternative fuels on Tuesday as carriers ended a three-day summit
June 20, 2024
Singapore-based semiconductor firm Silicon Box plans to pick the town of Novara in the industrialised northwest Piedmont region as the
June 20, 2024
The Supreme Court has upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests
June 20, 2024
The S&P 500 and Nasdaq closed lower on Thursday, as market bellwether Nvidia retreated from earlier gains, while investors evaluated recent economic data and commentary from
June 20, 2024
Australian airline Qantas on Tuesday backed Boeing to bounce back from an unprecedented crisis that has led to an overhaul of the American planemaker's management and drawn scrutiny
June 20, 2024
Airline Cathay Pacific is looking to add more destinations on China's Belt and Road project, CEO Ronald Lam said on Sunday, after a new route to Riyadh starts up
June 20, 2024
Boeing's outgoing CEO David Calhoun told Reuters on Tuesday that the planemaker's board would decide his successor and he would support its
June 20, 2024
Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.
June 20, 2024
Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices,
June 20, 2024
Mike Lynch's lawyers on Monday portrayed the British tech pioneer as a savvy entrepreneur while prosecutors in a San Francisco court labeled him
June 20, 2024
Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended
June 19, 2024
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European
June 19, 2024
British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the
June 19, 2024
The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years,
June 19, 2024
Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S.
June 19, 2024
Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting the
June 18, 2024
India's manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours, but factory activity remained
June 18, 2024
Qatar Airways is in talks with plane makers Airbus and Boeing for a major wide-body order, its chief executive said on Monday.
June 18, 2024
Activity in Russia's manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up.
June 18, 2024
The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined
June 18, 2024
The next CEO of Boeing should have an understanding of what led to its current crisis and be prepared to look outside for examples of best
June 18, 2024
Qatar Airways PJSC is nearing a decision on a major widebody order split between Boeing and Airbus, Bloomberg News reported on Sunday, citing people familiar with the matter.
June 18, 2024
The head of Dubai airline Emirates urged Boeing to pick an engineering and business heavyweight to lead a deep overhaul of the U.S. aerospace
June 18, 2024
Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna
June 18, 2024
The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers
June 18, 2024
Everton's takeover agreement with prospective owner 777 Partners has expired, the Premier League club said on Saturday, after the U.S. private equity firm failed to complete the
June 18, 2024
Delta Air Lines is running its largest ever transatlantic schedule this year as it sees healthy travel demand, especially on international
June 18, 2024
Safety and quality problems exposed at Boeing following a door plug blowout earlier this year risk shaking travellers' confidence in flying, a top executive at rival Airbus said.
June 18, 2024
Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including
June 18, 2024
Fitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-
June 18, 2024
A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.’s operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores
June 17, 2024
A federal judge has ruled that BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state
June 17, 2024
Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday
June 17, 2024
The Federal Aviation Administration will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, its administrator
June 17, 2024
Nissan Motor paid former Chief Operating Officer Ashwani Gupta $3.7 million in compensation following his sudden departure last year, the Japanese automaker disclosed in a
June 17, 2024
U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast.
June 17, 2024
British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a
June 17, 2024
Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much
June 17, 2024
Russia's largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to 399
June 16, 2024
Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported,
June 16, 2024
WestJet Encore has reached a tentative agreement with its pilots union over a new contract, the labor group said on Thursday, averting a strike at the Canadian regional carrier.
June 16, 2024
OpenAI's board on Thursday pushed back on allegations from its former members that concerns over artificial intelligence safety at the startup necessitated Sam Altman's shocking ouster
June 15, 2024
U.S. Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
June 15, 2024
Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed
June 14, 2024
A U.S. judge in Seattle on Tuesday rejected Amazon.com's request to dismiss a Federal Trade Commission (FTC) lawsuit that accuses the company of enrolling
June 14, 2024
Boeing said on Wednesday it was making progress on developing a permanent solution to address an issue with the 737 MAX engine anti-ice system that has
June 14, 2024
PwC will become the largest customer and first reseller of OpenAI's enterprise product as part of a new deal, the accounting giant said on Wednesday, as businesses rush to adopt and
June 14, 2024
Belgian car distributor D'Ieteren on Wednesday reported 3.06 billion euros ($3.30 billion) in first-quarter sales and flagged lower volumes for its
June 14, 2024
A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce,
June 14, 2024
At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m
June 14, 2024
A group of car starter battery makers will contest European Union accusations of operating a cartel to fix battery prices at a closed hearing next week, people with
June 13, 2024
Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53
June 13, 2024
Brazilian airlines Azul and Gol have informed local antitrust regulator CADE of their new codeshare agreement and do not expect hurdles to be imposed, Azul's
June 13, 2024
Stellantis CEO Carlos Tavares has expressed dissatisfaction at the operation of some U.S. plants on Thursday as the automaker struggles with lower shipments and falling revenues
June 13, 2024
Italian executive Claudio Sforza has been chosen as chief executive of loss-making clothing group Benetton, replacing outgoing Massimo Renon, two sources close to the matter said on
June 13, 2024
Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese
June 13, 2024
Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.
June 13, 2024
Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle
June 13, 2024
The parent company of Brazilian airline Gol
United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan arrived in South Korea on Tuesday, where his plane was met by an honorary escort of four fighter jets
June 13, 2024
Aethon Energy said on Wednesday it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of
June 12, 2024
Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in
June 12, 2024
Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover
June 12, 2024
The transition to electric vehicles (EVs) would impose a "significant burden" on auto suppliers, Stellantis CEO Carlos Tavares said on Wednesday as Western automakers race to cut
June 12, 2024
BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American, walking away from its $49 billion takeover deal, after the London-listed rival refused to extend
June 12, 2024
The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired
June 12, 2024
Cyprus has scrapped a 1.2 billion euro ($1.30 billion) concession agreement for the development of Larnaca port, in a legal wrangle that the state and the contractor traded blame
June 12, 2024
Adam Neumann has ended his bid to re-acquire WeWork as the coworking business he co-founded has chosen to emerge from bankruptcy with an "unrealistic" plan, he told the New York Times
June 12, 2024
Norfolk Southern has named former Canadian National Railway CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday.
June 12, 2024
Media veteran Edgar Bronfman Jr. has withdrawn from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone's empire and ending one of the most
June 12, 2024
German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022
June 12, 2024
German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this
June 12, 2024
Thailand's economy is expected to grow 2.5% this year, but should be expanding at least 3.5% annually, its finance minister Pichai Chunhavajira said on Monday.
June 12, 2024
A South Korean high court began on Monday hearing a prosecution appeal over a decision by a lower court to clear Samsung Electronics chairman Jay Y.
June 12, 2024
Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23
June 12, 2024
Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2
June 12, 2024
Argentina's President Javier Milei is set to meet with top-level executives from Google, Meta and Apple during a trip to the United States this week, his spokesman Manuel Adorni said on
June 12, 2024
Italy's Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four
June 12, 2024
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's
June 11, 2024
Profits at China's industrial firms rose 4.3% in the first four months from the same period last year, official data showed on Monday.
June 11, 2024
Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for
June 11, 2024
A Hong Kong court on Monday adjourned a hearing on a petition seeking the liquidation of Kaisa Group until June 24, giving the embattled Chinese developer some respite
June 11, 2024
Please disregard US--Tesla-Musk Pay, 5th Ld-Writethru published on Jun
June 11, 2024
Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new chief executive
June 11, 2024
Canada ordered on Friday the dissolution of two technology companies' businesses in the country, citing national security concerns.
June 11, 2024
Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder votes, according to the
June 10, 2024
Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in
June 10, 2024
New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate
June 10, 2024
Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an
June 10, 2024
Abrdn CEO Stephen Bird has stepped down, the British fund manager said on Friday, after a turbulent four-year tenure marked by deep outflows of client cash and a much
June 10, 2024
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch
June 10, 2024
Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in connection with
June 10, 2024
China's
June 10, 2024
An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender
June 10, 2024
Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.
June 09, 2024
Wall Street titan Goldman Sachs has received a license to set up its regional headquarters in Saudi Arabia's Riyadh, according to a person familiar with the matter.
June 09, 2024
Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S
June 09, 2024
Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate's steel division to Czech billionaire
June 09, 2024
Paramount Global has signed a new multi-year content distribution deal with Charter Communications for its full portfolio of linear cable networks, the companies said on Thursday.
June 09, 2024
Elon Musk's SpaceX has initiated discussions about selling existing shares in a deal that could value the company at roughly $200 billion, Bloomberg News reported on Thursday, citing people
June 09, 2024
Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.
June 09, 2024
Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and
June 08, 2024
For 65 years German electrical components maker Hager has straddled the Rhine with sites on either side, but lately the family-owned group has plumped for the French
June 08, 2024
For chip designer Nvidia, the generative artificial intelligence boom is a gift that keeps on giving.
June 08, 2024
A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying
June 08, 2024
Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year.
June 08, 2024
U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods
June 07, 2024
Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push
June 07, 2024
The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will
June 07, 2024
South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip
June 07, 2024
The Pop-Tart teaches an entrepreneurial lesson: While first movers may have an advantage, a fast follower often wins the game in the long run.
June 07, 2024
Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third
June 07, 2024
Amazon.com investors voted against all 14 resolutions that asked the retailer to disclose more about its carbon emissions and its directors' donations, and to form a
June 07, 2024
U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also
June 07, 2024
Argentina's economic activity fell 8.4% in March from a year earlier, the country's official statistics agency said on Wednesday, its fifth monthly drop in a row and the
June 07, 2024
Japan's factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of weakness.
June 07, 2024
BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its
June 07, 2024
France's private sector unexpectedly shrank in May after expanding in April, with the dominant services industry joining manufacturing in reporting a contraction in activity, a
June 07, 2024
German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday.
June 07, 2024
Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of
June 07, 2024
Growth across British businesses has cooled noticeably this month and by more than any economist polled by Reuters had predicted, a survey showed on Thursday, in an
June 07, 2024
U.S. drugmaker Pfizer on Wednesday launched a new multi-year program to reduce its expenses by about $1.5 billion by the end of 2027, adding on to a $4 billion cost cutting plan it
June 07, 2024
British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard
June 06, 2024
The European Chips Act is on track to help attract more than 100 billion euros ($108.41 billion) worth of private investment to the European semiconductor
June 06, 2024
China Evergrande New Energy Vehicle said on Wednesday its unit had received a letter from the country's local administrative bodies demanding repayment of 1.9 billion yuan ($262.42 million)
June 06, 2024
Virginie Viard, the creative director of Chanel who replaced Karl Lagerfeld after his death, is leaving the fashion house
June 06, 2024
Artificial intelligence startup Anthropic has hired Airbnb veteran Krishna Rao as its first finance chief, the company said on Tuesday, as it plans to expand its AI offerings and better
June 05, 2024
British manufacturing orders contracted this month at the fastest rate since November and expectations for future price hikes abated, a survey showed on Tuesday.
June 05, 2024
Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from
June 05, 2024
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment
June 05, 2024
The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes
June 05, 2024
China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more
June 05, 2024
Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for
June 05, 2024
Months after Disney and Gov. Ron DeSantis’ appointees agreed to end their legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort
June 05, 2024
Zoom Video Communications on Monday raised its annual forecast for profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work.
June 04, 2024
Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S.
June 04, 2024
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years
June 04, 2024
Representatives for a Maine company that plans to send small satellites into space from the Northeast’s most rural state say they hope to start launches next year
June 04, 2024
Top Japanese companies agreed to wage increases of an average 5.58% at annual labour talks that wrapped up in March, the Keidanren business lobby's preliminary
June 04, 2024
Tony O'Reilly, the Irish media tycoon and former H.J.
June 04, 2024
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory
June 03, 2024
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy
June 03, 2024
Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project.
June 03, 2024
Boeing Co shareholders voted to re-elect outgoing Chief Executive Dave Calhoun to the planemaker's board at the company's annual meeting, as per a preliminary tally.
June 03, 2024
Tesla's chair of the board said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial
June 03, 2024
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.
June 02, 2024
Britain's Sainsbury's said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and
June 02, 2024
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per
June 02, 2024
Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of Everton
June 01, 2024
Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric
June 01, 2024
European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a
May 31, 2024
Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has
May 31, 2024
At a bribery trial, a former top U.S. agricultural official has cast Sen. Bob Menendez as a villain who tried to stop him from disrupting an unusual sudden monopoly that developed five years ago over the certification of meat exported to Egypt
May 31, 2024
The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the
May 31, 2024
A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German
May 31, 2024
Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya
May 31, 2024
Companies need adept planning to solve supply chain issues.
May 31, 2024
Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by
May 31, 2024
EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the
May 31, 2024
Air travel demand from China is not back to pre-pandemic levels for
May 31, 2024
Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging
May 31, 2024
At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks
May 30, 2024
U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder meeting due to conflict of interest.
May 30, 2024
Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may not
May 30, 2024
A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial
May 30, 2024
U.S. business inventories fell in March, but this could lay the ground for businesses to rebuild stocks and support economic growth in the second quarter.
May 30, 2024
Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the
May 30, 2024
Artificial intelligence startup Anthropic has appointed Instagram co-founder Mike Krieger as its chief product officer, the company said on Wednesday, it looks to spruce up its AI
May 30, 2024
Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion),
May 30, 2024
Asian shares are higher as investors shrug off yet another decline on Wall Street
May 30, 2024
Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials
May 30, 2024
Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in
May 30, 2024
BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or
May 30, 2024
German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand
May 30, 2024
Canadian home sales declined 1.7% in April from March, and were up 10.1% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Wednesday.
May 30, 2024
European shares closed at a record high on Tuesday, with German's Delivery Hero notching its biggest jump on record on the sale of its Taiwan
May 29, 2024
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation
May 29, 2024
Bayer beat first-quarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO's turnaround efforts.
May 29, 2024
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people
May 29, 2024
U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert
May 29, 2024
Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan's
May 29, 2024
Boeing said on Tuesday it delivered 24 commercial airplanes last month, down by two from the 26 planes it handed over to customers during a weak April for deliveries a year ago, as the U.S
May 29, 2024
India's wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday.
May 28, 2024
The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island
May 28, 2024
U.S. Treasury Secretary Janet Yellen on Monday said abuses documented in a report on workplace problems at the U.S.
May 28, 2024
U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.
May 28, 2024
McDonald's is actively cooperating with the Chinese local market regulator to investigate and verify matters related to food issues, the company said on its Chinese website on
May 28, 2024
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance
May 28, 2024
An American quarry company has rejected the Mexican president’s campaign of criticisms and closures, and his offer to buy its property on the Caribbean coast
May 27, 2024
German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million),
May 27, 2024
Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose
May 27, 2024
U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday ahead of the start of the country's annual
May 27, 2024
Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following
May 27, 2024
McDonald's U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customers to
May 26, 2024
Europe's main stock index closed at a record high on Friday, on track for its biggest weekly gain since late January, as risk appetite was bolstered by
May 26, 2024
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors
May 25, 2024
Luciano Benetton says he's stepping down as chairman of the apparel brand
May 25, 2024
SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY
May 24, 2024
Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer
May 24, 2024
A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.
May 24, 2024
A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but
May 24, 2024
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday
May 24, 2024
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.
May 24, 2024
Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.
May 24, 2024
The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said
May 24, 2024
U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.
May 24, 2024
Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of
May 24, 2024
The NCAA and five major college sports conferences have agreed to settle antitrust allegations for nearly $2.8 billion over the next 10 years
May 23, 2024
Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on
May 23, 2024
The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio
May 23, 2024
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500
May 23, 2024
President Joe Biden has offered his deep appreciation to Kenyan President William Ruto for the coming deployment of 1,000 Kenyan police forces to help quell gang violence in Haiti
May 23, 2024
Asian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high
May 23, 2024
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry
May 23, 2024
Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on
May 22, 2024
Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.
May 22, 2024
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted
May 22, 2024
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
May 22, 2024
Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the
May 22, 2024
Within days of Russian forces invading Ukraine in early 2022, architect Oleh Drozdov made up his mind: he would move his home and business from the besieged eastern
May 22, 2024
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in
May 22, 2024
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to
May 22, 2024
Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on
May 22, 2024
Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday.
May 22, 2024
Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in
May 22, 2024
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of
May 22, 2024
U.S.
May 22, 2024
Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings
May 22, 2024
China is investigating a former senior executive of China National Offshore Oil Company, or CNOOC, for suspected "serious disciplinary violations", the country's anti-graft
May 21, 2024
An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in
May 21, 2024
Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million
May 21, 2024
An Indian state has accused yoga guru Baba Ramdev of criminal misconduct for promoting his traditional ayurvedic medicine as a cure for COVID-19 because it
May 21, 2024
The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments
May 21, 2024
The European Union cleared U.S.
May 21, 2024
The U.S. arm of German-owned discount supermarket chain Aldi urged its suppliers on Monday to drive down costs, increase production of items like cheese, bring
May 21, 2024
Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that
May 21, 2024
The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global
May 21, 2024
Asian markets are mixed in quiet trading, with most of the regions’ benchmarks inching higher after U.S. stocks hit new record highs
May 21, 2024
Warren Buffett, the 93-year-old billionaire chief of Berkshire Hathaway, mulled his future in telling shareholders on Saturday that if
May 21, 2024
Business activity in Germany's services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday.
May 21, 2024
Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday
May 20, 2024
A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting
May 20, 2024
The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le
May 20, 2024
OpenAI says it plans to halt the use of one of its ChatGPT voices that “Her” actor Scarlett Johansson says sounds “eerily similar" to her own
May 20, 2024
By Jonathan Stempel OMAHA, Neb.
May 20, 2024
Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the
May 20, 2024
Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major
May 20, 2024
Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns
May 20, 2024
The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.
May 19, 2024
Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war
May 19, 2024
Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure
May 19, 2024
German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.
May 18, 2024
The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel's proposed $15 billion takeover of U.S.
May 18, 2024
Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers
May 17, 2024
Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices. Earlier in the day, the U.S.
May 17, 2024
Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member
May 17, 2024
Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation
May 17, 2024
Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil
May 17, 2024
Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister
May 17, 2024
Peloton CEO Barry McCarthy, who was tasked in early 2022 to stem the fitness equipment maker's slide in sales from the pandemic highs, has quit as the company announced job
May 17, 2024
Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal
May 17, 2024
Investment firm TOMS Capital Investment Management has taken a "significant" position in U.S. multinational food manufacturing company Kellanova and is
May 17, 2024
An Indiana judge has cleared the way for the opening of a new restaurant after finding that “tacos and burritos are Mexican-style sandwiches."
May 16, 2024
Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructuring of
May 16, 2024
Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business
May 16, 2024
Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality demands for parts for the
May 16, 2024
Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket
May 16, 2024
A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of
May 16, 2024
The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central
May 16, 2024
Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected
May 16, 2024
U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the
May 16, 2024
Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as
May 16, 2024
Asian shares have retreated after U.S. stocks edged back from their record heights
May 16, 2024
Malaysia will boost salaries for civil servants by more than 13% from December, Prime Minister Anwar Ibrahim said on Wednesday, amid rising prices, a weak ringgit currency,
May 16, 2024
China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.
May 16, 2024
Walmart
May 16, 2024
Aircraft lessor Dubai Aerospace Enterprise (DAE) Capital will likely receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to
May 16, 2024
Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and
May 16, 2024
Starbucks on Tuesday cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand
May 15, 2024
The U.S.
May 15, 2024
Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday.
May 15, 2024
Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services (ISS)
May 15, 2024
Proxy advisor Glass Lewis has recommended shareholders vote against the reelection of three directors to Boeing's board, including outgoing CEO Dave Calhoun, citing
May 15, 2024
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these
May 15, 2024
Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed
May 15, 2024
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
May 15, 2024
Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on
May 15, 2024
Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the U.S. and international markets shell out more
May 15, 2024
Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31
May 15, 2024
The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pick-up in consumer spending and business investment, official data published on
May 15, 2024
HSBC Chief Executive Noel Quinn said on Tuesday that he plans to step down, marking the surprise departure of a hard-nosed leader who has
May 15, 2024
Fashion company Hermes vowed to 'vigorously defend itself' in a lawsuit filed against it in California claiming it unlawfully allows only customers with "sufficient purchase history"
May 15, 2024
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on
May 15, 2024
Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 billion
May 15, 2024
German retail sales rose more than expected in March, pointing to a recovery in consumption at the end of the month and boding well for the overall economy.
May 15, 2024
New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5. The bank disclosed the change in date late on Friday.
May 14, 2024
U.S. stocks gained ground on Monday and the yen surged amid suspected intervention as investors embarked on what promises to be an action-packed week.
May 14, 2024
Shares in Apple Inc closed up 2.5% on Monday after a well-known analyst at Bernstein Societe Generale Group upgraded the stock to an "outperform" rating, pointing to the
May 14, 2024
Ancora Holdings scored a victory in its battle with Norfolk Southern on Monday when proxy advisory firm Glass Lewis recommended investors in the railway replace its CEO and others with six
May 14, 2024
The sculptor who created the "Fearless Girl" statue that promoted gender diversity on Wall Street has settled a lawsuit by a State Street unit seeking to stop
May 14, 2024
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead
May 14, 2024
Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896
May 14, 2024
GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply
May 14, 2024
Mexico's economy continued to grow at a weak rate in the first quarter, due largely to a drop in manufacturing and agriculture that was only partially offset by services,
May 14, 2024
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to
May 14, 2024
Coca-Cola is gearing up for a potential initial public offering (IPO) of its African bottling business as soon as next year, Bloomberg News reported on Monday, citing people familiar with
May 14, 2024
Turkish delivery company Getir will withdraw from its remaining European and U.S. markets to focus on its main home market, it said on Monday, marking an abrupt
May 14, 2024
The transfer of the Russian subsidiary of Italian water heating firm Ariston to management by a Gazprom entity was a response to the "hostile actions" of Western countries, the
May 14, 2024
The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion
May 14, 2024
Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across
May 14, 2024
Star Entertainment said on Monday Chairman David Foster has stepped down just more than a year into the role, adding to an exodus of senior management at the beleaguered Australian casino
May 14, 2024
French media conglomerate Vivendi said a feasibility study for its planned split into four separate businesses was progressing, as it posted a nearly 87% jump in first quarter sales on
May 14, 2024
Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, trumping an offer from Concord for the music rights owner of artists such as Shakira and Red Hot Chili Peppers
May 14, 2024
Canadian billionaire Arthur L
May 13, 2024
South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to
May 13, 2024
U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on
May 13, 2024
Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company Melrose Industries for a plant in St. Louis.
May 13, 2024
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.
May 13, 2024
Oil refiner Phillips 66 reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo,
May 13, 2024
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular
May 13, 2024
French oil major TotalEnergies is "seriously" looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday, to move closer to a majority of U.S.
May 13, 2024
Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at
May 13, 2024
Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural
May 13, 2024
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as
May 12, 2024
French airport group ADP reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed
May 12, 2024
Amundi, Europe's biggest fund manager, posted better-than-expected first-quarter inflows on Friday thanks to its joint ventures in Asia and continued appetite for risk-averse
May 11, 2024
Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest son of founder Sam Walton, would retire from his position of the big-box
May 11, 2024
Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 despite
May 10, 2024
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
May 10, 2024
Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a
May 10, 2024
Boeing's credit rating faced pressure for a second time this week as S&P brought the company one step closer to a junk rating on Thursday after a
May 10, 2024
Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment
May 10, 2024
The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected.
May 10, 2024
Anglo American's London-listed shares spiked in late UK trade on Wednesday, hours before the miner announced a $39 billion bid by
May 10, 2024
South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture
May 10, 2024
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions.
May 10, 2024
Mexican cement maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to
May 10, 2024
Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks.
May 10, 2024
Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity giant Blackstone, launching a bidding war for the owner of music rights of
May 10, 2024
Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg
May 10, 2024
Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan, will be sold to Fortress
May 10, 2024
Honeywell beat Wall Street estimates for first-quarter results on Thursday as strength in its aviation business offset a slowdown in the company's industrial and building automation units.
May 10, 2024
China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs
May 10, 2024
Beverage maker Keurig Dr Pepper beat Wall Street expectations for first-quarter sales and profit on Thursday, helped by steady demand for its high-priced sodas and tonic water.
May 10, 2024
Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope
May 10, 2024
South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels
May 09, 2024
Germany's BASF began the year with a drop in sales and adjusted earnings, giving the chemical maker's new CEO plenty to tackle as he takes the
May 09, 2024
European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and
May 09, 2024
Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines' cargo business, two people with knowledge of the matter said on Thursday.
May 09, 2024
Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it
May 09, 2024
Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into
May 09, 2024
South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global
May 09, 2024
Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker
May 09, 2024
Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand for its burritos and rice bowls despite higher menu prices.
May 09, 2024
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat analyst expectations that were
May 09, 2024
A Tesla investor who successfully sued to void CEO Elon Musk's $56 billion pay package asked a Delaware judge on Wednesday to prevent the
May 09, 2024
Germany's domestic spy agency told companies on Wednesday they should be on guard against industrial espionage by Beijing, warning them not to be
May 09, 2024
New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business
May 09, 2024
Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs it began last week, the automaker disclosed on Wednesday, as it shifts focus to more
May 08, 2024
Japan Airlines will continue using both Airbus and Boeing aircraft, President Mitsuko Tottori said on Wednesday.
May 08, 2024
Optimism among British manufacturers rose to its highest since July 2021 this month, despite a drop in orders, the Confederation of British Industry said on
May 08, 2024
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services
May 08, 2024
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing
May 08, 2024
Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.
May 08, 2024
Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month.
May 08, 2024
South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM)
May 08, 2024
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in
May 08, 2024
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation
May 08, 2024
Capital A's Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief executive
May 08, 2024
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the
May 08, 2024
Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys.
May 08, 2024
Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged
May 08, 2024
British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an
May 08, 2024
Canada's Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge's proposed acquisition of Glencore
May 08, 2024
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest
May 08, 2024
Asian shares are mixed after Wall Street’s lull stretched into a second day
May 08, 2024
Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the
May 08, 2024
France's dominant services sector expanded in April for the first time in almost a year, helping offset continued weakness in manufacturing, according to a monthly
May 07, 2024
Germany's private sector unexpectedly returned to growth in April, driven by a solid rise in activity in the country’s service sector, a preliminary survey showed
May 07, 2024
Japanese electric motor maker Nidec on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce
May 07, 2024
A look at the day ahead in European and global markets from Tom Westbrook Purchasing Managers Index figures begin a data and corporate results heavy week.
May 07, 2024
India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also
May 07, 2024
Blackstone-owned Crown Resorts was found suitable to retain its Sydney casino's licence after nearly three years of intensive remediation, a gambling regulator said on Tuesday.
May 07, 2024
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard
May 07, 2024
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
May 07, 2024
Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.
May 07, 2024
Japanese video-game maker Nintendo's announcement about a successor to its Switch home console is coming sometime before March 2025
May 07, 2024
New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory
May 07, 2024
The holding company of Italy's Agnelli family has overseen a shakeup at the top of two of its major industrial groups, with Scott Wine quitting his post as CEO of farm and construction
May 07, 2024
A federal judge on Monday ruled that a small business contracted to deliver packages for FedEx on the California-Oregon border must arbitrate with FedEx over claims it made
May 06, 2024
Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its
May 06, 2024
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales
May 06, 2024
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable
May 06, 2024
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match
May 06, 2024
Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a
May 06, 2024
Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns
May 05, 2024
This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone
May 05, 2024
Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year
May 04, 2024
Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments
May 04, 2024
Hundreds of Ukrainian businesses making weapons and military equipment have sprung up since Russia's full-scale invasion, but some are struggling to fund production and
May 04, 2024
Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal
May 03, 2024
PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.
May 03, 2024
South Korea's LG Electronics has raised $800 million through a dollar bond deal, according to a term sheet reviewed by Reuters.
May 03, 2024
Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.
May 03, 2024
Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor
May 02, 2024
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
May 02, 2024
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly
May 02, 2024
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
May 02, 2024
The Federal Reserve doesn’t appear eager to cut rates.
May 01, 2024
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01, 2024
Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world
April 30, 2024
Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.
April 30, 2024
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first quarter profit
April 30, 2024
Walmart is closing its health centers and virtual care service after struggling to find success with the offerings
April 30, 2024
McDonald’s plans to step up deals and value messaging to combat slowing sales
April 30, 2024
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post
April 30, 2024
Asian stocks fall with most of the markets in the region closed for a holiday after U.S. stocks closed out their worst month since September
April 30, 2024
There aren't many newcomers in the airline business
April 29, 2024
An Oregon sports bar focusing on and showing only women's athletics has plans to expand across the country through a franchise model
April 27, 2024
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
April 26, 2024
The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”
April 26, 2024
Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when
April 26, 2024
Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a
April 26, 2024
UnitedHealth Group said on Thursday a service provided by its Change Healthcare unit was facing an issue receiving batches of medical claims from customers.
April 26, 2024
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit
April 26, 2024
Tesla is planning to lay off 300 temporary workers at its German plant near Berlin as part of plans to cut global staff, Business Insider reported on Wednesday, citing people
April 26, 2024
Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next
April 26, 2024
Tesla plans to lay off 285 employees in Buffalo, New York, a legally mandated notice showed on Wednesday, as the electric-vehicle maker trims 10% of its workforce.
April 26, 2024
Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series
April 26, 2024
Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had
April 26, 2024
Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company
April 26, 2024
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a
April 26, 2024
Boeing said on Monday it has not found fatigue cracks on in-service 787 jets that have gone through heavy maintenance, as the planemaker defended the twin-aisle aircraft program ahead of a
April 26, 2024
Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo.
April 26, 2024
Japanese companies are increasingly hitching their growth plans to the United States, as concerns about Chinese demand and Beijing's influence over
April 26, 2024
U.S. business inventories rose in February amid strong gains at retailers and wholesalers, suggesting that inventory investment could contribute to economic growth in the first
April 26, 2024
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of
April 26, 2024
Tesla's senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at the auto-maker, he said in a post on social media site X on Monday.
April 26, 2024
U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this
April 26, 2024
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
April 26, 2024
General Motors is moving its headquarters deeper into downtown Detroit after spending more than 20 years in its riverfront home at the Renaissance Center, a person familiar with
April 26, 2024
Michal Strnad, who a decade ago became head of CSG, a family defence business, is closing in on buying U.S. ammunitions maker Kinetic Group that will
April 26, 2024
Joe Russo, co-director of "Avengers: Endgame," found a memorable setting to approach the latest hire for the independent studio he founded with his brother.
April 26, 2024
Business deals that the Philippines secured at a summit with Japan and the United States will not affect China's investments in the Philippines, President Ferdinand Marcos Jr
April 26, 2024
Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all
April 26, 2024
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and
April 26, 2024
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its
April 26, 2024
Mutual fund firm T.
April 26, 2024
Tesla on Monday raised prices for all Model Y cars in the United States by $1,000, according to its website.
April 26, 2024
U.S. no-frills carrier Frontier Airlines is focusing on growing its network in "high fare" markets like Seattle and Detroit at the expense of its footprint in
April 26, 2024
California Governor Gavin Newsom and Senator Alex Padilla, both Democrats, urged the Biden administration on Monday to reverse its
April 26, 2024
The California Public Employees Retirement System (CalPERS) said on Friday the U.S. pension fund has voted to elect activist investment firm Trian Fund Management's two director
April 26, 2024
Membership in the United Auto Workers union fell 3.3% in 2023 to 370,000, its lowest level since 2009, according to a report filed on Friday with the U.S. Labor Department.
April 26, 2024
The new head of Boeing's troubled commercial airplane unit said the U.S. planemaker faces a "pivotal moment" as it works to boost quality and address significant
April 26, 2024
A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S.
April 26, 2024
The U.S. economy grew faster than previously estimated in the fourth quarter, lifted by strong consumer spending and business investment in nonresidential structures like
April 26, 2024
French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlighting the growing importance of the technology in the cars sector.
April 26, 2024
Fox Corp on Wednesday announced its entertainment studio will be restructured across three key business segments - entertainment, television and streaming platforms, and worldwide sales
April 26, 2024
Ford is planning to produce a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday.
April 26, 2024
Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year
April 26, 2024
Tesla will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United States, according to
April 26, 2024
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people
April 26, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Investors appear happy to sit on punchy first quarter stock gains as March drifts to quiet finish, with the dollar back under wraps
April 26, 2024
Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.
April 26, 2024
China's President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his
April 26, 2024
Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world's
April 26, 2024
Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named
April 26, 2024
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder
April 26, 2024
Sales of new U.S. single-family homes unexpectedly fell in February, but data for the prior month was revised higher, pointing to underlying strength as a shortage of previously
April 26, 2024
Nissan Motor said on Monday it would aim to sell 1 million more vehicles globally over the next three years, launching 30 new models by the fiscal year ending in March 2027.
April 26, 2024
Houston woman arrested for allegedly locking 7-year-old in dog cage under Christmas tree, police say
Iran lifts ban on WhatsApp and Google Play, state media says
Retail investors buy Novo dip after disappointing weight-loss drug data
Global monitor says famine is weeks away in north Gaza. A US diplomat calls warning 'irresponsible'
Mexico's president may be toughening fight with drug cartels
Apple seeks to defend Google's billion-dollar payments in search case
Wemby at The Garden. LeBron vs. Steph. The NBA's Christmas Day lineup, as always, has star power
Tourists flock to see dramatic volcano eruption in Hawaii
Tales from the tour in a year filled with medals and tears and a few digs