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Today: December 25, 2024
Today: December 25, 2024

Business

Business|Finance|Technology

Ford expects profitable $30,000 EV in two and a half years, CNBC reports

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.

Ford expects profitable $30,000 EV in two and a half years, CNBC reports
Food

An analyst ordered 75 Chipotle burrito bowls to test portion sizes

An analyst ordered 75 Chipotle burrito bowls to test portion sizes

An analyst ordered 75 Chipotle burrito bowls to test portion sizes
Business|Lifestyle|Uncategorized

6-year-old girl gets special ribbon cutting ceremony for entrepreneurship

6-year-old girl gets special ribbon cutting ceremony for entrepreneurship

6-year-old girl gets special ribbon cutting ceremony for entrepreneurship
Business|Environment

Tractor Supply is ending DEI and climate efforts after conservative backlash online

Tractor Supply says it is ending an array of corporate diversity and climate efforts

Tractor Supply is ending DEI and climate efforts after conservative backlash online
Business|Finance

3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance

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

3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance
Business|Europe|Finance|Stock Markets

Automakers lead European shares lower; Italian stocks slide

European shares slipped on Thursday, with automakers falling on continued jitters over the European Union's new tariffs on imported Chinese electric

Automakers lead European shares lower; Italian stocks slide
Business|Entertainment|US|Videos

Disney, Florida's DeSantis end spat with deal on 15-year expansion plan

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

Disney, Florida's DeSantis end spat with deal on 15-year expansion plan
News|US

Yellen: US growth needs public, private investments, China subsidies excessive

U.S.

Yellen: US growth needs public, private investments, China subsidies excessive
Business|Technology

Brazil's TIM may benefit from Telecom Italia's network sale

The chief executive of TIM Brasil, Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network

Brazil's TIM may benefit from Telecom Italia's network sale
News|US

Blue Origin, SpaceX and United Launch Alliance picked for Pentagon rocket launch contracts

The U.S.

Blue Origin, SpaceX and United Launch Alliance picked for Pentagon rocket launch contracts
Business|Finance|Technology|US

Musk's small-investor army cheers approval of $56 billion Tesla pay package

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

Musk's small-investor army cheers approval of $56 billion Tesla pay package
Business|Finance

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

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

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
Business|Economy|Finance|Stock Markets

UK's Crest Nicholson says Bellway's new proposal undervalues group

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,

UK's Crest Nicholson says Bellway's new proposal undervalues group
Business|Economy|Finance|News|Stock Markets|Technology

Norway wealth fund to continue 'constructive dialogue' with Tesla after AGM

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 $

Norway wealth fund to continue 'constructive dialogue' with Tesla after AGM
Business|Economy|Finance|US

NYCB acquired Signature Bank assets with total fair value of $37.8 billion

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.

NYCB acquired Signature Bank assets with total fair value of $37.8 billion
Business|Europe|Finance

Tesco chairman says 'no difficulty' defending CEO's $13 million pay package

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

Tesco chairman says 'no difficulty' defending CEO's $13 million pay package
Business

OpenAI CEO says company could become for-profit corporation, The Information reports

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

OpenAI CEO says company could become for-profit corporation, The Information reports
Business|News|Sports

The Dutchman who gets Nike and Lego into wartime Russia’s stores

Nike stopped selling its sportswear to Russia soon after Moscow launched its full-scale invasion of

The Dutchman who gets Nike and Lego into wartime Russia’s stores
Asia|Business|Economy|Finance|News

Japan core machinery orders down in April but seen firming up ahead

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

Japan core machinery orders down in April but seen firming up ahead
Asia|Business

SK Group to protect affiliates from hostile takeover after chairman's divorce ruling

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

SK Group to protect affiliates from hostile takeover after chairman's divorce ruling
Business|Europe

Italian shipbuilder Fincantieri chairman found dead at home

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.

Italian shipbuilder Fincantieri chairman found dead at home
News

Business boom builds Qatar-Saudi entente as Gulf rift fades

When

Business boom builds Qatar-Saudi entente as Gulf rift fades
Asia|Business|Finance

Aramco to buy 10% stake in Renault-Geely thermal engines venture

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

Aramco to buy 10% stake in Renault-Geely thermal engines venture
Americas|Business|Technology

Amazon, Vrio to launch satellite internet in South America, competing with Starlink

Amazon and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries, the two parties said on

Amazon, Vrio to launch satellite internet in South America, competing with Starlink
Asia|Economy|News

Thai consumer confidence at 7-month low on slow growth, political uncertainty

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

Thai consumer confidence at 7-month low on slow growth, political uncertainty
Business|Finance|Technology

Tesla shareholder meeting: How investors are voting on Musk's $56 billion pay package

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.

Tesla shareholder meeting: How investors are voting on Musk's $56 billion pay package
Business|Finance|Stock Markets|Technology|US

Who is Kimbal Musk, the Tesla director in cowboy hat?

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.

Who is Kimbal Musk, the Tesla director in cowboy hat?
Business|Finance|Technology

Financial industry grappling with AI's gifts and perils, executives say

The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also

Financial industry grappling with AI's gifts and perils, executives say
Business|Economy|Food|US

Toblerone still sold in Russia even as Mondelez nixed imports

Russians are still indulging in foreign-made Toblerone chocolate, according to internal sales documents seen by Reuters, showing the difficulty of U.S.

Toblerone still sold in Russia even as Mondelez nixed imports
Business|Finance|US

Southwest CEO will not resign, will consider input from activist investor Elliott

Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management

Southwest CEO will not resign, will consider input from activist investor Elliott
Business|Finance|Stock Markets

Nike stock plunges as gloomy sales forecast fans growth concerns

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

Nike stock plunges as gloomy sales forecast fans growth concerns
Business|Europe|Finance|Stock Markets

European shares post quarterly loss as markets await French elections

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

European shares post quarterly loss as markets await French elections
Business|Economy|Finance

Dealmakers optimistic on global M&A prospects despite sluggish growth

Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting

Dealmakers optimistic on global M&A prospects despite sluggish growth
Asia|Business|Finance|Stock Markets

At least four companies launch Hong Kong IPOs to raise about $500 million

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

At least four companies launch Hong Kong IPOs to raise about $500 million
Business|Finance|US

Aon, Development Finance Corp offer $350 million in Ukraine war insurance

Insurance broker Aon and the U.S.

Aon, Development Finance Corp offer $350 million in Ukraine war insurance
Business|Finance|US

Alexander Hamilton's bank is getting a new name: BNY

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.

Alexander Hamilton's bank is getting a new name: BNY
Business|Finance|News|Stock Markets

Insurance Australia tops benchmark index on reinsurance deals

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

Insurance Australia tops benchmark index on reinsurance deals
Asia|Business|Technology

Fujifilm once struggled to sell cameras. Now, it can't keep up with demand

For years, Japan's Fujifilm pivoted away from its legacy camera business to focus on healthcare.

Fujifilm once struggled to sell cameras. Now, it can't keep up with demand
Australia|Business|Economy|Finance

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

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

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank
Business|Economy|Europe|Finance

European auto shares hit by retaliation fears after EU tariffs on Chinese EVs

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

European auto shares hit by retaliation fears after EU tariffs on Chinese EVs
Asia|News|World

South Korea opposition leader Lee indicted over funds transfer to North Korea

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

South Korea opposition leader Lee indicted over funds transfer to North Korea
News|US

US Senate committee probes oil producers on price collusion with OPEC

The U.S.

US Senate committee probes oil producers on price collusion with OPEC
Business|Finance|US

Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit

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

Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
Business|Economy|Election|Finance|US

US small business sentiment up in May, but looming election clouds outlook

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-

US small business sentiment up in May, but looming election clouds outlook
Business|Economy|Finance|US

US core capital goods orders fall sharply in May

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

US core capital goods orders fall sharply in May
Business|Technology|US

Boeing plane deliveries drop by half in May year-on-year

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

Boeing plane deliveries drop by half in May year-on-year
Technology

Apple's AI push could reinvigorate iPhone sales as customers look to upgrade

Apple's developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology,

Apple's AI push could reinvigorate iPhone sales as customers look to upgrade
Business|Europe|Finance

IAG offers remedies to EU over Air Europa deal

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.

IAG offers remedies to EU over Air Europa deal
Asia|Business|Economy|Technology|World

Zeekr's sales jump as Chinese dominate Russian EV market

Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's

Zeekr's sales jump as Chinese dominate Russian EV market
Business|Finance|Technology

Nokia sells submarine networks business ASN to French state

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

Nokia sells submarine networks business ASN to French state
Business|Finance|Technology|US

France's OVHcloud tops Q3 sales forecast on US growth, shares jump

French cloud services provider OVHcloud reported third quarter revenue ahead of market expectations on Thursday, driven by strong demand from U.S. tech

France's OVHcloud tops Q3 sales forecast on US growth, shares jump
Asia|Business|Technology

Mitsubishi Heavy exec: timing not right for decision on passenger jet market

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

Mitsubishi Heavy exec: timing not right for decision on passenger jet market
Asia|Business|Economy|Finance|News

China's industrial profits growth slows sharply in May amid patchy recovery

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

China's industrial profits growth slows sharply in May amid patchy recovery
Business|Economy|Finance

Australia business conditions soften in May, cost pressures pick up

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

Australia business conditions soften in May, cost pressures pick up
Asia|Business|Technology

Boeing resuming widebody airplane deliveries to China, source says

Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review,

Boeing resuming widebody airplane deliveries to China, source says
Business|Economy|Finance|Technology

Chipmaker Intel to halt $25-billion Israel plant, news website says

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.

Chipmaker Intel to halt $25-billion Israel plant, news website says
Asia|Australia|Business|Economy|Finance

Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports

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

Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Business|Health

Haleon to sell nicotine replacement therapy business outside US for $633 million

Haleon will sell its nicotine replacement therapy business outside the U.S. to a unit of India's Dr.

Haleon to sell nicotine replacement therapy business outside US for $633 million
Finance|Stock Markets|US

Wall Street ends slightly up, trade choppy ahead of inflation data

Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards

Wall Street ends slightly up, trade choppy ahead of inflation data
Business|Economy|Finance|Technology

Bosch weighs offer for appliance maker Whirlpool, sources say

German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter,

Bosch weighs offer for appliance maker Whirlpool, sources say
Business|Europe|Finance|Technology

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

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

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin
Business|Economy|Europe|Finance

European shares slip as bond yields weigh, French elections awaited

European shares slipped on Wednesday as government bond yields rose on concerns about persistent global price pressures ahead of a

European shares slip as bond yields weigh, French elections awaited
Asia|Business|Economy|Finance|Stock Markets

Chinese developer Shimao's liquidation hearing adjourned to July 31

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

Chinese developer Shimao's liquidation hearing adjourned to July 31
Australia|Business

Troubled casino firm Star names new CEO amid regulator enquiries, management exodus

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

Troubled casino firm Star names new CEO amid regulator enquiries, management exodus
Business|Technology

Documenting the history of American Express as an in-house historian

Ira Galtman is part of a small community of corporate archivists

Documenting the history of American Express as an in-house historian
Business|Economy|Finance|US

US business equipment borrowings up 11% in May, ELFA says

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.

US business equipment borrowings up 11% in May, ELFA says
Business|Technology

Albemarle plans more lithium auctions to boost market transparency

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

Albemarle plans more lithium auctions to boost market transparency
Business|Finance|Stock Markets

Nike set for weak quarterly sales growth as On, Hoka chip away market share

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

Nike set for weak quarterly sales growth as On, Hoka chip away market share
Business|Technology

AI image-generator startup Stability AI looks for reshoot with new CEO and investor group

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

AI image-generator startup Stability AI looks for reshoot with new CEO and investor group
Business|Technology

Cash-strapped Stability AI raises $80 million with new CEO and board

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

Cash-strapped Stability AI raises $80 million with new CEO and board
Health|Science|Technology

Lilly partners with OpenAI to develop medicines for drug-resistant bacteria

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.

Lilly partners with OpenAI to develop medicines for drug-resistant bacteria
Business|Europe|Fashion and Beauty|Finance

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

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

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports
News|US

US FDA rejects AbbVie's Parkinson's disease therapy for the second time

The U.S.

US FDA rejects AbbVie's Parkinson's disease therapy for the second time
Business|Finance|Stock Markets|US

Healthcare payments firm Waystar's shares slip in Nasdaq debut

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

Healthcare payments firm Waystar's shares slip in Nasdaq debut
Business|Entertainment|Finance|Stock Markets|US

Shari Redstone receives fewest votes in Paramount board election

Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed.

Shari Redstone receives fewest votes in Paramount board election
Business|Finance|Stock Markets

Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows

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.

Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows
Business|Finance|US

Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports

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,

Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports
Australia|Business|Entertainment

Australia's Nine Entertainment says Peter Costello steps down as chairman

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.

Australia's Nine Entertainment says Peter Costello steps down as chairman
Asia|Business|Technology

Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

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

Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports
Asia|Business|Technology|US

Chinese AI firms woo OpenAI users as US company plans API restrictions

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

Chinese AI firms woo OpenAI users as US company plans API restrictions
Asia|Business|Finance|Stock Markets|Technology

Shareholder support for SoftBank CEO Son's reappointment falls to 79%

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

Shareholder support for SoftBank CEO Son's reappointment falls to 79%
Economy|Europe|Finance|News

Investors concerned by French elections, Paris stock market head says

The prospect of a politically extreme party with little or no government experience taking power after France's parliamentary elections is worrying investors, the

Investors concerned by French elections, Paris stock market head says
Business|Europe|Finance|Technology

Airbus cuts key targets and takes hefty Space charge

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

Airbus cuts key targets and takes hefty Space charge
Business|Economy|Finance

Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says

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

Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says
Business|Economy|Finance|News|Stock Markets|US

S&P 500, Nasdaq close slightly down ahead of US payrolls data

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

S&P 500, Nasdaq close slightly down ahead of US payrolls data
Business|Europe|Technology

Airbus deliveries fall 16% in May

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

Airbus deliveries fall 16% in May
Business|Technology

Airbus builds new A320neo assembly line in historic hangar swap

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.

Airbus builds new A320neo assembly line in historic hangar swap
Entertainment|News

Off the TV screen and into real life: An MSNBC event illustrates the rise of 'event journalism'

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

Off the TV screen and into real life: An MSNBC event illustrates the rise of 'event journalism'
Business|Economy|News

Car dealerships in North America revert to pens and paper after cyberattacks on software provider

Car dealerships across North America are still wrestling with disruptions that started last week

Car dealerships in North America revert to pens and paper after cyberattacks on software provider
Business|Economy|Finance

Private equity deal drought overshadows annual meet up for second year

Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast

Private equity deal drought overshadows annual meet up for second year
Business|Lifestyle|Sports

New Era Cap to acquire '47 in lifestyle brand tie-up, sources say

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.

New Era Cap to acquire '47 in lifestyle brand tie-up, sources say
Americas|Business|Food

Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil

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

Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil
Australia|Business|Economy

Australia to make supermarket industry code mandatory, breaches may result in huge fines

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

Australia to make supermarket industry code mandatory, breaches may result in huge fines
Arts|Business|Europe|Fashion and Beauty

Chanel's creative director Virginie Viard to leave brand

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

Chanel's creative director Virginie Viard to leave brand
Business|Technology|Travel|US

Delta seeks new Seattle flight as airlines jockey over DC slots

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

Delta seeks new Seattle flight as airlines jockey over DC slots
Asia|Business|Technology

China's Nio expects second-quarter EV sales to more than double

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.

China's Nio expects second-quarter EV sales to more than double
Crime|Europe|Uncategorized

Bribery demands on Italian households decline, official survey reports

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

Bribery demands on Italian households decline, official survey reports
Business|Finance|Stock Markets

Prudential plans $2 billion share buyback

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.

Prudential plans $2 billion share buyback
Business|Technology|US

Yaccarino shakes up X amid Musk's pressure on costs, FT says

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

Yaccarino shakes up X amid Musk's pressure on costs, FT says
Americas|Asia|Business|Technology|World

Peru's Boluarte will meet China's Xi after Congress OKs late June trip

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

Peru's Boluarte will meet China's Xi after Congress OKs late June trip
Business|Europe|Food

McDonald's loses Chicken Big Mac trademark in Europe

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

McDonald's loses Chicken Big Mac trademark in Europe
Business|Finance|Sports|Stock Markets|US

Under Armour to pay $434 million to settle lawsuit over sales disclosures

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

Under Armour to pay $434 million to settle lawsuit over sales disclosures
Business|Technology

Stability AI appoints new CEO, the Information reports

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

Stability AI appoints new CEO, the Information reports
Business|Sports

Texas-based Friedkin Group enters exclusive talks for majority stake of Premier League Everton

Everton says the Texas-based Friedkin Group is in exclusive discussions to buy a majority stake in the Premier League club

Texas-based Friedkin Group enters exclusive talks for majority stake of Premier League Everton
Business|Economy|US

US business activity inches up in June; price pressures abating

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

US business activity inches up in June; price pressures abating
Business|Finance|US

Walmart, Capital One settle lawsuit over credit card partnership

Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer

Walmart, Capital One settle lawsuit over credit card partnership
Asia|Crime|News|World

4 members of a billionaire family get prison in Switzerland for exploiting domestic workers

An Indian-born billionaire and three family members have been sentenced to prison for exploiting domestic workers at their lakeside villa in Switzerland

4 members of a billionaire family get prison in Switzerland for exploiting domestic workers
Asia|Business|News|Technology

Nissan halts production at Changzhou plant as China woes persist

Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on Friday

Nissan halts production at Changzhou plant as China woes persist
Business|Economy|Finance

India business activity grew faster in June, job creation at 18-year high, PMI shows

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

India business activity grew faster in June, job creation at 18-year high, PMI shows
Business|Europe|Finance|Stock Markets

FTSE 100 snaps five-week losing streak as inflation back to BoE's target

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

FTSE 100 snaps five-week losing streak as inflation back to BoE's target
Asia|Business|Health

Takeda gives Sun Pharma, Cipla rights to commercialize gastro drug in India

Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialize gastrointestinal drug Vonoprazan in the country.

Takeda gives Sun Pharma, Cipla rights to commercialize gastro drug in India
Asia|Business|Economy

China's robust services activity drives up employment, Caixin PMI shows

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

China's robust services activity drives up employment, Caixin PMI shows
Africa|Business|Economy|Finance

South Africa business activity grows again in May, PMI shows

South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday.

South Africa business activity grows again in May, PMI shows
Business|Technology

Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan

In the week and a half since Nvidia CEO Jensen Huang arrived in Taiwan, his every move has been breathlessly followed.

Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
Business|Economy

UK services firms report slower growth and weaker inflation, PMI shows

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

UK services firms report slower growth and weaker inflation, PMI shows
Business|Finance|Stock Markets|US

HanesBrands to sell sportswear business Champion to Authentic Brands in $1.2 billion deal

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

HanesBrands to sell sportswear business Champion to Authentic Brands in $1.2 billion deal
Business|Economy|Finance|US

US services sector activity rebounds while private payrolls growth slows

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

US services sector activity rebounds while private payrolls growth slows
Asia|Business|Economy|Finance

BOJ tankan expected to show big manufactures confident on outlook: Reuters poll

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-

BOJ tankan expected to show big manufactures confident on outlook: Reuters poll
Business|Finance|Technology

Stocks dip but up for the week, US dollar climbs

A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit

Stocks dip but up for the week, US dollar climbs
Asia|Business|Technology

SoftBank CEO talks up artificial super intelligence ambitions

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

SoftBank CEO talks up artificial super intelligence ambitions
Asia|Business|Economy

Japan's June factory activity eases as costs rise, PMI shows

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

Japan's June factory activity eases as costs rise, PMI shows
Business|Economy|Finance

Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled

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,

Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
Business|Economy|Finance|US

IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper

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

IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Business|Technology

CDK cyber outage hits US auto dealers for second day in a row

A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers

CDK cyber outage hits US auto dealers for second day in a row
Business|Technology|Travel

Airlines and energy firms clash over green fuel supplies

Airlines and energy firms clashed over scarce availability of alternative fuels on Tuesday as carriers ended a three-day summit

Airlines and energy firms clash over green fuel supplies
Business|Technology

Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say

Singapore-based semiconductor firm Silicon Box plans to pick the town of Novara in the industrialised northwest Piedmont region as the

Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say
Business|News|Political

The Supreme Court upholds a tax on foreign income over a challenge backed by business interests

The Supreme Court has upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests

The Supreme Court upholds a tax on foreign income over a challenge backed by business interests
Economy|Finance|News|Stock Markets|Technology|US

S&P 500 closes lower after record high, weighed by chips stocks, economic data

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

S&P 500 closes lower after record high, weighed by chips stocks, economic data
Australia|Business|World

Australia's Qantas back Boeing to bounce back from crisis

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

Australia's Qantas back Boeing to bounce back from crisis
Asia|Business|Travel

Cathay Pacific looking to add more Belt and Road destinations, CEO says

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

Cathay Pacific looking to add more Belt and Road destinations, CEO says
Business|Technology|US

Boeing's Calhoun says board will decide his successor

Boeing's outgoing CEO David Calhoun told Reuters on Tuesday that the planemaker's board would decide his successor and he would support its

Boeing's Calhoun says board will decide his successor
Business|Economy|Finance|MidEast

Saudi non-oil activity growth slows in May, PMI shows

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.

Saudi non-oil activity growth slows in May, PMI shows
Business|Finance

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO

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,

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO
Business|Finance|Technology

UK tech founder Mike Lynch's lawyers seek acquittal at US fraud trial

Mike Lynch's lawyers on Monday portrayed the British tech pioneer as a savvy entrepreneur while prosecutors in a San Francisco court labeled him

UK tech founder Mike Lynch's lawyers seek acquittal at US fraud trial
Business|Finance|Stock Markets|Technology

Tesla stands by Musk pay after ISS urges shareholders to reject package

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

Tesla stands by Musk pay after ISS urges shareholders to reject package
Business|Europe|Technology|US

Onsemi to invest up to $2 billion in Czech semiconductor plant

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

Onsemi to invest up to $2 billion in Czech semiconductor plant
Business|Economy|Europe|News

UK factories return to growth, prices rise by most in a year, PMI shows

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

UK factories return to growth, prices rise by most in a year, PMI shows
Economy|Europe|News

Euro zone manufacturing sees potential signs of recovery in May, PMI shows

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,

Euro zone manufacturing sees potential signs of recovery in May, PMI shows
Business|US

Nippon Steel's Mori returns to US this week for talks on US Steel takeover

Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S.

Nippon Steel's Mori returns to US this week for talks on US Steel takeover
Asia|Business|Economy|Finance

Japan's Q1 capex rises, suggesting upward revision to poor GDP

Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting the

Japan's Q1 capex rises, suggesting upward revision to poor GDP
Asia|Economy|News|World

India's May factory growth slipped to 3-month low but remained sturdy, PMI shows

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

India's May factory growth slipped to 3-month low but remained sturdy, PMI shows
Business|Economy|Finance|Travel

Qatar Airways in talks for Airbus, Boeing order

Qatar Airways is in talks with plane makers Airbus and Boeing for a major wide-body order, its chief executive said on Monday.

Qatar Airways in talks for Airbus, Boeing order
Business|Economy|Europe

Russia's factory activity continues to expand in May, PMI shows

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.

Russia's factory activity continues to expand in May, PMI shows
Business|Economy|Europe

Downturn in German manufacturing may be bottoming out, PMI shows

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

Downturn in German manufacturing may be bottoming out, PMI shows
Business|Technology|World

Next Boeing CEO should understand past mistakes, airlines boss says

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

Next Boeing CEO should understand past mistakes, airlines boss says
Business|Finance

Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports

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.

Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports
Business|News|Technology

Emirates boss says Boeing needs strong CEO to end crisis

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

Emirates boss says Boeing needs strong CEO to end crisis
Business|Finance|Technology|US

Apple kills off its buy now, pay later service barely a year after launch

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

Apple kills off its buy now, pay later service barely a year after launch
Business|Economy|Fashion and Beauty

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds

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

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds
Business|Sports

Soccer-Everton takeover by US private equity firm falls through

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

Soccer-Everton takeover by US private equity firm falls through
Business|Travel

Delta Air sees healthy demand, especially on international routes

Delta Air Lines is running its largest ever transatlantic schedule this year as it sees healthy travel demand, especially on international

Delta Air sees healthy demand, especially on international routes
Business|Europe|Technology|World

Boeing's woes a 'burden' for entire sector, Airbus executive says

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.

Boeing's woes a 'burden' for entire sector, Airbus executive says
Americas|Business|Finance

Amid bankruptcy process, Brazil airline Gol swaps finance chief

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

Amid bankruptcy process, Brazil airline Gol swaps finance chief
Business|Technology

Fitch lowers Boeing 2024 aircraft delivery, cash flow forecasts

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-

Fitch lowers Boeing 2024 aircraft delivery, cash flow forecasts
News|US

Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC

U.S.

Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC
Business|Economy|Finance|US

Bankruptcy judge approves sale of Express Inc to group led by WHP Global

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

Bankruptcy judge approves sale of Express Inc to group led by WHP Global
Business|Finance|News|US

Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains

A federal judge has ruled that BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state

Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains
Business|Finance|Technology

Gamestop shares slump following annual shareholder meeting

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

Gamestop shares slump following annual shareholder meeting
Business|News|Technology|US

FAA will not allow Boeing to boost 737 MAX production yet

The Federal Aviation Administration will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, its administrator

FAA will not allow Boeing to boost 737 MAX production yet
Asia|Business|Finance|Technology

Nissan paid ex-operations chief $3.7 million over departure

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

Nissan paid ex-operations chief $3.7 million over departure
Business|Finance|Stock Markets|Technology|US

Nasdaq falls 1%; Salesforce shares weigh on tech

U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast.

Nasdaq falls 1%; Salesforce shares weigh on tech
Business|Economy|Europe|Finance

UK business optimism hits eight-year high, Lloyds says

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

UK business optimism hits eight-year high, Lloyds says
Business|Finance

Aircraft shortages turn into cash bonanza for some airlines

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

Aircraft shortages turn into cash bonanza for some airlines
Business|Economy|Finance|News|Stock Markets

Rosneft says Q1 net income more than doubled to $4.4 billion from Q4

Russia's largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to 399

Rosneft says Q1 net income more than doubled to $4.4 billion from Q4
Business|Finance

Hertz exploring options to raise financing, Bloomberg News reports

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,

Hertz exploring options to raise financing, Bloomberg News reports
Business|News

WestJet Encore reaches tentative agreement with pilots

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.

WestJet Encore reaches tentative agreement with pilots
Business|News|Technology

OpenAI responds to warnings of self governance by former board members, the Economist reports

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

OpenAI responds to warnings of self governance by former board members, the Economist reports
Business|Finance|Stock Markets|US

US Steel, Nippon Steel receive all non-US approvals for merger

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.

US Steel, Nippon Steel receive all non-US approvals for merger
Business|Finance|Technology|US

Vietnamese EV maker VinFast considers delaying $4 billion US plant, source says

Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed

Vietnamese EV maker VinFast considers delaying $4 billion US plant, source says
Business|News|Technology|US

US judge rejects Amazon bid to get FTC lawsuit over Prime program tossed

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

US judge rejects Amazon bid to get FTC lawsuit over Prime program tossed
Business|Technology|US

Boeing making progress on 737 MAX engine issue delaying certification of some models

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

Boeing making progress on 737 MAX engine issue delaying certification of some models
Business|Technology

PwC to become OpenAI's largest enterprise customer amid genAI boom

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

PwC to become OpenAI's largest enterprise customer amid genAI boom
Business|Europe|Finance|Stock Markets

Volkswagen distributor D'Ieteren flags softer auto glass repair demand in N America

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

Volkswagen distributor D'Ieteren flags softer auto glass repair demand in N America
Asia|Business|Economy|Finance

SK Group chief ordered to pay $1 billion in divorce case; shares in SK Inc soar

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,

SK Group chief ordered to pay $1 billion in divorce case; shares in SK Inc soar
Business|News

Saudi Aramco's Amin Nasser: homegrown engineer who reached the top

At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m

Saudi Aramco's Amin Nasser: homegrown engineer who reached the top
Business|Economy|Europe

Car battery makers to fight EU cartel charges at hearing next week, sources say

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

Car battery makers to fight EU cartel charges at hearing next week, sources say
Business|Economy|Finance

Chevron shareholders re-elect all directors, CEO confident on Hess deal

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

Chevron shareholders re-elect all directors, CEO confident on Hess deal
Business|Finance

Brazil airline Azul does not foresee antitrust hurdles to codeshare deal with Gol

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

Brazil airline Azul does not foresee antitrust hurdles to codeshare deal with Gol
Business|Economy|Finance|Stock Markets|Technology|US

Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs

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

Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs
Business|Europe|Fashion and Beauty|Finance

Top exec Sforza to be appointed Benetton CEO - sources

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

Top exec Sforza to be appointed Benetton CEO - sources
Asia|Business

Proxy firms Glass Lewis, ISS recommend vote against Toyota chairman

Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese

Proxy firms Glass Lewis, ISS recommend vote against Toyota chairman
Business|Finance|Technology

Trading app Robinhood unveils maiden stock buyback plan of $1 billion

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.

Trading app Robinhood unveils maiden stock buyback plan of $1 billion
Business|Finance|Technology

Musk offers factory tours to investors as he seeks support for his pay package

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

Musk offers factory tours to investors as he seeks support for his pay package
Business|Economy|Finance

Amid merger speculation, Brazilian airline Gol parent talks with Azul

The parent company of Brazilian airline Gol

Amid merger speculation, Brazilian airline Gol parent talks with Azul
Asia|MidEast|News|World

UAE president visits South Korea with defence and energy on agenda

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

UAE president visits South Korea with defence and energy on agenda
Business|Economy|Finance|Stock Markets|US

Aethon Energy to buy Tellurian upstream assets for $260 million

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

Aethon Energy to buy Tellurian upstream assets for $260 million
Business|Economy|Finance|News|Stock Markets|US

U.S. bank profits jump 79.5% as large firms shake off failed bank costs

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

U.S. bank profits jump 79.5% as large firms shake off failed bank costs
Business|Europe|Finance|Stock Markets

Sabadell rules out M&A defence against BBVA bid, CEO says

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

Sabadell rules out M&A defence against BBVA bid, CEO says
Business|Europe|Technology

EV switch to hit auto suppliers hard, Stellantis CEO says

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

EV switch to hit auto suppliers hard, Stellantis CEO says
Business|Economy|Finance|Stock Markets|US

BHP walks away from $49 billion takeover offer for Anglo American

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

BHP walks away from $49 billion takeover offer for Anglo American
Business|News|US

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired

The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired
Business|Economy|Europe|News

Cyprus scraps $1.3 billion port concession in legal wrangle

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

Cyprus scraps $1.3 billion port concession in legal wrangle
Business|Finance|Technology

Adam Neumann ends bid to buy WeWork, NYT Dealbook reports

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

Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
Business|Finance|US

Norfolk Southern appoints ex-Canadian National chief Mongeau as its new board chair

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.

Norfolk Southern appoints ex-Canadian National chief Mongeau as its new board chair
Business|Entertainment|Technology

Edgar Bronfman Jr. drops bid, paving way for Paramount's takeover by Skydance Media

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

Edgar Bronfman Jr. drops bid, paving way for Paramount's takeover by Skydance Media
Business|Economy|Europe|Finance

German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom

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

German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom
Business|Economy|Europe|Finance

German business sentiment stagnates in May

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

German business sentiment stagnates in May
Asia|Business|Economy|Finance

Thai economy to expand 2.5% this year, finance minister says

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.

Thai economy to expand 2.5% this year, finance minister says
Asia|Business|Technology

Prosecution appeal begins for Samsung chief Lee over 2015 merger case

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.

Prosecution appeal begins for Samsung chief Lee over 2015 merger case
Asia|Business|Finance

China Vanke sells Shenzhen land plot at loss-making reserve price

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

China Vanke sells Shenzhen land plot at loss-making reserve price
Americas|Business|Economy|Finance

Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection

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

Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection
Business|Technology|US

Argentine President Milei to meet Apple, Google, Meta CEOs in US

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

Argentine President Milei to meet Apple, Google, Meta CEOs in US
Business|Europe

Italy's Benetton plans restructuring as losses mount, sources say

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

Italy's Benetton plans restructuring as losses mount, sources say
Business|Finance|Stock Markets

Saudi Arabia plans Aramco share sale as soon as June, sources say

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

Saudi Arabia plans Aramco share sale as soon as June, sources say
Asia|Business|Economy|Finance

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1

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.

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1
Business|Finance

Australia's Lendlease exits offshore markets to focus on local growth

Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for

Australia's Lendlease exits offshore markets to focus on local growth
Asia|Business|Finance

Chinese property developer Kaisa's liquidation hearing adjourned

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

Chinese property developer Kaisa's liquidation hearing adjourned
Business|Finance|Technology

STORY REMOVED: US--Tesla-Musk Pay, 5th Ld-Writethru

Please disregard US--Tesla-Musk Pay, 5th Ld-Writethru published on Jun

STORY REMOVED: US--Tesla-Musk Pay, 5th Ld-Writethru
Business|Economy|Finance

Brazil's Petrobras approves Chambriard as new CEO

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

Brazil's Petrobras approves Chambriard as new CEO
Business|News|Technology

Canada orders dissolution of two firms, citing national security concerns

Canada ordered on Friday the dissolution of two technology companies' businesses in the country, citing national security concerns.

Canada orders dissolution of two firms, citing national security concerns
Europe

TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes

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

TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes
Business|Economy|Finance|Stock Markets

Azul, Gol shares jump as Brazil airlines reveal codeshare deal

Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in

Azul, Gol shares jump as Brazil airlines reveal codeshare deal
Business|Economy|Finance|US

US core capital goods orders rise, inflation expectations improve

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

US core capital goods orders rise, inflation expectations improve
Asia|Business|Finance

Japan's Nidec corrects past results after some sales were 'inflated'

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

Japan's Nidec corrects past results after some sales were 'inflated'
Business|Europe|Finance|News|Stock Markets

Abrdn CEO Bird exits abruptly after four rocky years

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

Abrdn CEO Bird exits abruptly after four rocky years
Business|Finance

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

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

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
Business|Finance|Technology

British tech founder Mike Lynch denies defrauding HP at US criminal trial

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

British tech founder Mike Lynch denies defrauding HP at US criminal trial
Asia|Business|Finance|News|Technology|Uncategorized

Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

China's

Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales
Business|Economy|Finance|News

IMF, Pakistan make significant progress on new loan, IMF mission says

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

IMF, Pakistan make significant progress on new loan, IMF mission says
Business|Finance

Morgan Stanley executive chairman James Gorman will step down at year end

Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.

Morgan Stanley executive chairman James Gorman will step down at year end
Business|Economy|Finance

Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says

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.

Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says
Business|Finance|US

DoubleLine CEO expects imminent US recession, government debt surge

Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S

DoubleLine CEO expects imminent US recession, government debt surge
Business|Europe|Finance

Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky

Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate's steel division to Czech billionaire

Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
Business|Entertainment|Technology

Charter brings Paramount+ to Spectrum TV customers in new carriage deal

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.

Charter brings Paramount+ to Spectrum TV customers in new carriage deal
Business|Finance|Technology

SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports

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

SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
Business|Finance|Stock Markets|Technology|US

Boeing's cash flow situation is worse than expectations, S&P analyst says

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.

Boeing's cash flow situation is worse than expectations, S&P analyst says
Business|Economy|Finance|US

Improved business activity casts doubt over rate cuts

Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and

Improved business activity casts doubt over rate cuts
Business|Europe

As questions grow for Germany, investors warm to France

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

As questions grow for Germany, investors warm to France
Business|Technology

AI-generated videos to drive more demand for Nvidia chips, CEO Huang says

For chip designer Nvidia, the generative artificial intelligence boom is a gift that keeps on giving.

AI-generated videos to drive more demand for Nvidia chips, CEO Huang says
Business|Economy|US

Biden overtime pay rule challenged by US business groups

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

Biden overtime pay rule challenged by US business groups
Business|Economy|News|US

Ahold Delhaize to close underperforming US Stop & Shop stores

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.

Ahold Delhaize to close underperforming US Stop & Shop stores
Business|Economy|Finance|US

US business activity quickens in May; price pressures building up

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

US business activity quickens in May; price pressures building up
Business|Finance

China Vanke granted $2.8 billion onshore syndicated loan facility

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

China Vanke granted $2.8 billion onshore syndicated loan facility
Business|Economy|Finance|US

US plans $75 million grant to Absolics for advanced chip packaging

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

US plans $75 million grant to Absolics for advanced chip packaging
Business|Economy|Finance|Technology

South Korea unveils $19 billion package to compete in global chip 'warfare'

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

South Korea unveils $19 billion package to compete in global chip 'warfare'
Business|Education|Lifestyle|Opinion

Beyond Seinfeld’s ‘Unfrosted’ – lessons from Michigan’s serial cereal entrepreneurs

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.

Beyond Seinfeld’s ‘Unfrosted’ – lessons from Michigan’s serial cereal entrepreneurs
Business|Finance

Anglo leaves door open to engage with BHP after spurning third offer

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

Anglo leaves door open to engage with BHP after spurning third offer
Business|Technology

Amazon.com investors reject all 14 outside proposals at meeting

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

Amazon.com investors reject all 14 outside proposals at meeting
Business|Finance|Stock Markets|US

Target issues weak forecast as shoppers pull back; shares tumble

U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also

Target issues weak forecast as shoppers pull back; shares tumble
Americas|Economy|Finance|News

Argentina's economic activity down 8.4% in March, biggest drop since 2020

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

Argentina's economic activity down 8.4% in March, biggest drop since 2020
Business|Economy|News

Japan's factory activity expands for first time in a year, PMI shows

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.

Japan's factory activity expands for first time in a year, PMI shows
Business|Finance|Stock Markets

BHP will not relent on structure, value of $49 billion Anglo offer, say sources

BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its

BHP will not relent on structure, value of $49 billion Anglo offer, say sources
Business|Economy|Europe

French private sector activity unexpectedly contracts in May, PMI shows

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

French private sector activity unexpectedly contracts in May, PMI shows
Business|Economy|Europe|Finance

German business activity grows for second straight month in May, PMI shows

German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday.

German business activity grows for second straight month in May, PMI shows
Business|Economy|Europe|Finance

Euro zone May business growth at year high, PMI shows

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

Euro zone May business growth at year high, PMI shows
Business|Economy

Growth across UK business dips in May, in early blow to Sunak, PMI survey shows

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

Growth across UK business dips in May, in early blow to Sunak, PMI survey shows
Business|Finance|Health|US

Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027

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

Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
Business|Finance|Technology

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard

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

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard
Business|Economy|Europe|Finance|Technology

European Commission official sees $100 billion in private chip investment by 2030

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

European Commission official sees $100 billion in private chip investment by 2030
Asia|Business|Economy|Finance|Stock Markets

China's local govt bodies ask Evergrande EV unit to return $262.4 million subsidies

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)

China's local govt bodies ask Evergrande EV unit to return $262.4 million subsidies
Arts|Business|Celebrity|Fashion and Beauty|Lifestyle

Virginie Viard, who succeeded Karl Lagerfeld at Chanel, leaves fashion house

Virginie Viard, the creative director of Chanel who replaced Karl Lagerfeld after his death, is leaving the fashion house

Virginie Viard, who succeeded Karl Lagerfeld at Chanel, leaves fashion house
Business|Finance|Technology

AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO

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

AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO
Business|Economy|Finance

UK manufacturing orders dry up in May: CBI

British manufacturing orders contracted this month at the fastest rate since November and expectations for future price hikes abated, a survey showed on Tuesday.

UK manufacturing orders dry up in May: CBI
Business|Finance

Macy's lifts annual profit forecast as new CEO's revamp takes root

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

Macy's lifts annual profit forecast as new CEO's revamp takes root
Business|Economy|Finance

Dollar Tree looking at options for Family Dollar, including possible sale of the segment

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

Dollar Tree looking at options for Family Dollar, including possible sale of the segment
Business|Europe|Technology|World

AI-intensive sectors are showing a productivity surge, PwC says

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

AI-intensive sectors are showing a productivity surge, PwC says
Asia|Business|Finance|Technology

Li Auto delays pure electric SUV launch due to insufficient fast charging network

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

Li Auto delays pure electric SUV launch due to insufficient fast charging network
Business|Finance|Technology

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation

Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
Business|Entertainment|Finance|US

Disney set to invest up to $17B in Florida parks now that fight with DeSantis appointees has ended

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

Disney set to invest up to $17B in Florida parks now that fight with DeSantis appointees has ended
Business|Finance|Technology

Zoom lifts annual forecasts on robust demand amid AI push

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.

Zoom lifts annual forecasts on robust demand amid AI push
Business|Finance|US

Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal

Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S.

Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal
Business|Technology

Tech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand

Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years

Tech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand
Business|News|Science|Technology|US

Maine company plans to launch small satellites starting in 2025

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

Maine company plans to launch small satellites starting in 2025
Business|Finance

Top Japan companies agree to 5.58% average pay hike, business lobby says

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

Top Japan companies agree to 5.58% average pay hike, business lobby says
Europe

Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88

Tony O'Reilly, the Irish media tycoon and former H.J.

Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88
Business|Fashion and Beauty

Adidas plans cheaper versions of popular shoes

Adidas is

Adidas plans cheaper versions of popular shoes
Economy|Finance|News|US

A grant program for Black women business owners is discriminatory, appeals court rules

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

A grant program for Black women business owners is discriminatory, appeals court rules
Business|Finance|Technology|US

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
Business|News|Technology

Apple set to release slimmer iPhone in 2025, the Information reports

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.

Apple set to release slimmer iPhone in 2025, the Information reports
Business|Finance|Stock Markets|US

Boeing shareholders vote to re-elect CEO Calhoun to board

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.

Boeing shareholders vote to re-elect CEO Calhoun to board
Business|Finance|Technology|US

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports

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

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports
Business|Finance|Technology

ABB buys Siemens's wiring accessories business in China

ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.

ABB buys Siemens's wiring accessories business in China
Business|Technology

British grocer Sainsbury's partners with Microsoft to use AI for data insights

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

British grocer Sainsbury's partners with Microsoft to use AI for data insights
Business|Economy|Finance|Food|Stock Markets|US

Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share

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

Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
Business|Finance|Sports

Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through

Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of Everton

Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through
Business|Europe|Technology|US

Tesla gets local council go-ahead for German factory expansion

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

Tesla gets local council go-ahead for German factory expansion
Business|Europe|Finance|Stock Markets

European shares snap nine-day winning streak as Siemens weighs

European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a

European shares snap nine-day winning streak as Siemens weighs
Americas|Business|Economy|Election|Finance

Panama president-elect builds business-friendly cabinet

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

Panama president-elect builds business-friendly cabinet
Crime|News|Uncategorized

At bribery trial, ex-US official casts Sen. Bob Menendez as a villain in Egyptian meat controversy

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

At bribery trial, ex-US official casts Sen. Bob Menendez as a villain in Egyptian meat controversy
Business|Entertainment|Sports|Technology

Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports

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

Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
Business|Europe|Finance|Stock Markets

Adidas chairman Thomas Rabe re-elected until 2025

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

Adidas chairman Thomas Rabe re-elected until 2025
Business|Economy|Finance|Food

Chobani yogurt billionaire buys San Francisco's Anchor Brewing Co.

Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya

Chobani yogurt billionaire buys San Francisco's Anchor Brewing Co.
Business|Economy|Technology

Does the US have a planned economy? You might be surprised

Companies need adept planning to solve supply chain issues.

Does the US have a planned economy? You might be surprised
Americas|Business|Economy|Finance

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons

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

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons
Business|Economy|Finance|Travel

How easyJet's bet on holidays paid off

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

How easyJet's bet on holidays paid off
Asia|Business|Travel

Singapore Airlines CEO says travel out of China not yet recovered

Air travel demand from China is not back to pre-pandemic levels for

Singapore Airlines CEO says travel out of China not yet recovered
Business|Europe|Finance

Deutsche Bank under fire from investors over Postbank problems

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

Deutsche Bank under fire from investors over Postbank problems
Business|Finance

Swedish investor AP7 to back study on Mondelez Russia business

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

Swedish investor AP7 to back study on Mondelez Russia business
Business|Economy|US

Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations

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.

Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations
Business|Sports|US

Sports leagues question whether broadcaster Diamond can survive without Comcast

Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may not

Sports leagues question whether broadcaster Diamond can survive without Comcast
Business|Finance|US

US banking regulators announce July 19 public meeting on Capital One-Discover deal

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

US banking regulators announce July 19 public meeting on Capital One-Discover deal
Business|Economy|News|US

US business inventories fall in March

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.

US business inventories fall in March
Business|Technology|US

Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations

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

Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations
Business|Technology

Anthropic taps Instagram co-founder as product chief

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

Anthropic taps Instagram co-founder as product chief
Business|Europe|Finance

Siemens to sell drive division to KPS for $3 billion, sources

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),

Siemens to sell drive division to KPS for $3 billion, sources
Business|Economy|Finance

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.

Asian shares are higher as investors shrug off yet another decline on Wall Street

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
Business|News|Technology

Boeing tells federal regulators how it plans to fix aircraft safety and quality problems

Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials

Boeing tells federal regulators how it plans to fix aircraft safety and quality problems
Asia|Business|Technology

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch

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

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
Business|Economy|Finance|Stock Markets

BHP's options for Anglo American deal narrow as deadline looms

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

BHP's options for Anglo American deal narrow as deadline looms
Business|Europe|Finance|Stock Markets

Thyssenkrupp cuts profit forecast as steel demand wanes

German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand

Thyssenkrupp cuts profit forecast as steel demand wanes
Business|Economy|News

Canadian home sales fell 1.7% in April, CREA data shows

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.

Canadian home sales fell 1.7% in April, CREA data shows
Business|Europe|Finance|Stock Markets

European shares close at record high; Delivery Hero soars

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

European shares close at record high; Delivery Hero soars
Economy|Finance|Stock Markets|US

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

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

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Business|Finance|News|Stock Markets|US

Bayer's first-quarter adjusted profit falls less than expected

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.

Bayer's first-quarter adjusted profit falls less than expected
Business|Finance|Stock Markets|US

Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports

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

Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
Business|Economy|Finance|US

US small business sentiment rebounds in April

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

US small business sentiment rebounds in April
Asia|Business|Technology

Foxconn upbeat on AI demand, stands by Sharp following writedown

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

Foxconn upbeat on AI demand, stands by Sharp following writedown
Business|News|Technology|US

Boeing commercial jet deliveries drop by two in April

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

Boeing commercial jet deliveries drop by two in April
Business|Economy|Finance

India April wholesale price index rises at fastest pace in a year

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.

India April wholesale price index rises at fastest pace in a year
Americas|Business|Economy|Finance|News|US|World

US opens up banking to private Cuban businesses as it aims to boost private sector

The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island

US opens up banking to private Cuban businesses as it aims to boost private sector
Business|Economy|Finance|News

Abuses documented in FDIC sexual misconduct report unacceptable, Yellen says

U.S. Treasury Secretary Janet Yellen on Monday said abuses documented in a report on workplace problems at the U.S.

Abuses documented in FDIC sexual misconduct report unacceptable, Yellen says
Business|Finance|US

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger

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.

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
Asia|Business|Economy|Food

McDonald's cooperating with Chinese regulator after reported food issues

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

McDonald's cooperating with Chinese regulator after reported food issues
Business|Economy|Finance

Eni eyes new oil and gas spin-offs in energy transition satellite strategy

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance

Eni eyes new oil and gas spin-offs in energy transition satellite strategy
Americas|Business|Economy

US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment

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

US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment
Business|Europe|Finance

German aviation company Lilium and Swiss firm to open new sites in France

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),

German aviation company Lilium and Swiss firm to open new sites in France
Business|Economy|Europe|Health

Pfizer and AstraZeneca announce new investments of nearly $1 billion in France

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

Pfizer and AstraZeneca announce new investments of nearly $1 billion in France
Business|Economy|Europe|Technology

French presidency: Amazon to announce new 1.2 billion euros investment in France

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

French presidency: Amazon to announce new 1.2 billion euros investment in France
Asia|Business|Economy|Finance

China's Country Garden repays onshore coupons within grace period

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

China's Country Garden repays onshore coupons within grace period
Business|Economy|Food|US

McDonald's considering $5 meal deal launch to draw diners, source says

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

McDonald's considering $5 meal deal launch to draw diners, source says
Business|Economy|Europe|Finance|Stock Markets

STOXX 600 closes at record high on earnings, rate cut optimism

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

STOXX 600 closes at record high on earnings, rate cut optimism
Asia|Business|Economy|Europe|Finance|Technology

Factbox-Chinese EV makers set sights on European production

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

Factbox-Chinese EV makers set sights on European production
Business|Fashion and Beauty

Luciano Benetton says he's stepping down as chairman of family-run brand as losses top $100 million

Luciano Benetton says he's stepping down as chairman of the apparel brand

Luciano Benetton says he's stepping down as chairman of family-run brand as losses top $100 million
Asia|Business|Technology

SoftBank in talks with Naver over control of Line operator LY

SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY

SoftBank in talks with Naver over control of Line operator LY
Business|Entertainment|Lifestyle|US

Target to cut LGBTQ Pride month products from some stores after backlash, Bloomberg reports

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

Target to cut LGBTQ Pride month products from some stores after backlash, Bloomberg reports
Business|Finance|US

Dollar’s stubborn strength dents US companies’ earnings cheer

A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.

Dollar’s stubborn strength dents US companies’ earnings cheer
Business|Europe|Finance|Stock Markets

Europe sees two-speed IPO recovery as smaller deals lag

A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but

Europe sees two-speed IPO recovery as smaller deals lag
Asia|Business|Finance|Technology

Sony Group, others eyeing buyout of Infocom, Bloomberg News reports

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

Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Business|Finance|US

Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end

Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.

Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end
Business|Finance|News|Stock Markets|US

Trulieve Cannabis' quarterly loss narrows on demand boost

Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.

Trulieve Cannabis' quarterly loss narrows on demand boost
Business|News|Technology

Emirates boss says unhappy with Boeing delays in fixing 777X problems

The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said

Emirates boss says unhappy with Boeing delays in fixing 777X problems
Business|Economy|Finance|US

Citgo Petroleum reports first quarter profit of $410 million

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.

Citgo Petroleum reports first quarter profit of $410 million
Business|Economy|Entertainment|Finance

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid

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

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid
Business|Education|Finance|Sports

NCAA, leagues back $2.8 billion settlement, setting stage for current, former athletes to be paid

The NCAA and five major college sports conferences have agreed to settle antitrust allegations for nearly $2.8 billion over the next 10 years

NCAA, leagues back $2.8 billion settlement, setting stage for current, former athletes to be paid
Business|Finance|Stock Markets|US

The rise and fall of Bill Hwang's Archegos Capital Management

Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on

The rise and fall of Bill Hwang's Archegos Capital Management
News|Economy|Environment|US

Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment

The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio

Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment
Business|Stock Markets|Technology|US

Nvidia's stock is expensive. A look at why, and how that should change, by the numbers

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

Nvidia's stock is expensive. A look at why, and how that should change, by the numbers
Africa|News|World

Biden thanks Kenya's Ruto for sending police to Haiti and defends keeping US forces from the mission

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

Biden thanks Kenya's Ruto for sending police to Haiti and defends keeping US forces from the mission
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Asian shares track Wall Street's slide on worries over interest rates

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

Stock market today: Asian shares track Wall Street's slide on worries over interest rates
Business|Entertainment|Technology

Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets

Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry

Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
News|Crime|Europe|World

Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt

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

Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt
Business|Finance|Stock Markets|US

HF Sinclair beats quarterly profit view, announces $1 billion share buyback

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.

HF Sinclair beats quarterly profit view, announces $1 billion share buyback
News|Business|World

Gaza war cools Israel's once red-hot business ties with UAE

The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted

Gaza war cools Israel's once red-hot business ties with UAE
Business|Economy|Finance|US

US wholesale inventories drop by unrevised 0.4% in March

U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.

US wholesale inventories drop by unrevised 0.4% in March
Business|Technology

Factbox: What is in Huawei's new Pura 70 smartphones

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

Factbox: What is in Huawei's new Pura 70 smartphones
Europe|News|World

War upends Ukraine's economy in a shift that may be permanent

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

War upends Ukraine's economy in a shift that may be permanent
Asia|Business|Finance|Technology

Panasonic's battery unit misses annual profit estimate

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

Panasonic's battery unit misses annual profit estimate
Business|Asia|Economy|Finance

China Vanke to auction Shenzhen land plot with loss-making reserve price

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

China Vanke to auction Shenzhen land plot with loss-making reserve price
Business|Europe|Finance|Technology

Italy's Leonardo in wait-and-see mode over Boeing delays

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

Italy's Leonardo in wait-and-see mode over Boeing delays
Business|Europe|Technology

Airbus says deliveries up 13% in April, reaffirms A350F timeline

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.

Airbus says deliveries up 13% in April, reaffirms A350F timeline
Asia|Business|Economy|Finance

Nissan CEO: committed to staying in China but strategy there must change

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

Nissan CEO: committed to staying in China but strategy there must change
Business|Finance

Private equity firms consider potential Peloton buyout, CNBC reports

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

Private equity firms consider potential Peloton buyout, CNBC reports
News|US

FDIC's Gruenberg vows reforms after 'sobering' review of workplace conduct

U.S.

FDIC's Gruenberg vows reforms after 'sobering' review of workplace conduct
Business|Finance|Stock Markets|Technology|US

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat

Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat
Asia|Business

China probes ex-CNOOC executive over disciplinary violations

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

China probes ex-CNOOC executive over disciplinary violations
Business|Economy|Finance|Stock Markets

Italian shoemaker Tod's to court US lovers of quiet luxury

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

Italian shoemaker Tod's to court US lovers of quiet luxury
Business|Finance|Stock Markets|Technology

China's Zeekr to close $367.5 million New York IPO one day early, sources say

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

China's Zeekr to close $367.5 million New York IPO one day early, sources say
Crime|Health

Indian state says yoga guru misled public with COVID, other cures

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

Indian state says yoga guru misled public with COVID, other cures
Business|Economy

Georgia's auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore

The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments

Georgia's auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore
Business|Economy|News

EU clears $14.9 billion purchase of U.S. Steel by Japan's Nippon

The European Union cleared U.S.

EU clears $14.9 billion purchase of U.S. Steel by Japan's Nippon
Business|Economy|Finance|US

Aldi urges suppliers to cut costs and go green amid U.S. expansion

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

Aldi urges suppliers to cut costs and go green amid U.S. expansion
Asia|Business|Economy|Finance

Japan's service activity extends gains on solid demand, PMI shows

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

Japan's service activity extends gains on solid demand, PMI shows
Business|Economy|Election|Europe|US

Macquarie eyes rise of protectionism in upcoming US, EU elections

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

Macquarie eyes rise of protectionism in upcoming US, EU elections
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares mostly higher after Wall Street sets more records

Asian markets are mixed in quiet trading, with most of the regions’ benchmarks inching higher after U.S. stocks hit new record highs

Stock market today: Asian shares mostly higher after Wall Street sets more records
Business|Finance|US

Warren Buffett's fans plot their own course for when he leaves

Warren Buffett, the 93-year-old billionaire chief of Berkshire Hathaway, mulled his future in telling shareholders on Saturday that if

Warren Buffett's fans plot their own course for when he leaves
Business|Economy|Europe

German services sector picks up pace in April, PMI shows

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.

German services sector picks up pace in April, PMI shows
Business|Finance

Canada's WestJet reaches tentative deal with union to avoid work stoppage

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

Canada's WestJet reaches tentative deal with union to avoid work stoppage
Business|Entertainment

Paramount bidders await word from special committee evaluating options

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

Paramount bidders await word from special committee evaluating options
Business|Europe|Finance|Technology

Atos board reported to be meeting Sunday to review takeover bids

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

Atos board reported to be meeting Sunday to review takeover bids
Celebrity|Entertainment|Technology

Scarlett Johansson says a ChatGPT voice is 'eerily similar' to hers and OpenAI is halting its use

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

Scarlett Johansson says a ChatGPT voice is 'eerily similar' to hers and OpenAI is halting its use
Uncategorized

Berkshire pares huge Apple stake as cash, operating profit set records

By Jonathan Stempel OMAHA, Neb.

Berkshire pares huge Apple stake as cash, operating profit set records
Business|Finance|US

Buffett talks succession and Berkshire's future at annual meeting

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

Buffett talks succession and Berkshire's future at annual meeting
Business|Finance|Stock Markets|Technology|US

China's Zeekr seeks up to $5.13 billion valuation in US IPO

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

China's Zeekr seeks up to $5.13 billion valuation in US IPO
Business|Finance|Stock Markets|Technology

Apple shares jump as record buyback and upbeat forecast lure investors

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

Apple shares jump as record buyback and upbeat forecast lure investors
Business|Economy|Finance|US

US service sector contracts in April; price pressures reaccelerate

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.

US service sector contracts in April; price pressures reaccelerate
Business|Europe|Finance|Stock Markets

Glencore studying an approach for Anglo American, sources say

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war

Glencore studying an approach for Anglo American, sources say
Business|Lifestyle|Travel

Holiday Inn owner IHG's Q1 revenue up 2.6%, leisure travel demand remains strong

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

Holiday Inn owner IHG's Q1 revenue up 2.6%, leisure travel demand remains strong
Business|Europe|Finance|Stock Markets

Germany's Henkel raises 2024 outlook on strong Q1

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.

Germany's Henkel raises 2024 outlook on strong Q1
Business|Finance|US

DoJ seeks more details from US Steel, Nippon Steel on proposed merger

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.

DoJ seeks more details from US Steel, Nippon Steel on proposed merger
Business|News|Travel

Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves

Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers

Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves
Business|Economy|Finance|Stock Markets|US

Pioneer reports lower profit ahead of its takeover by Exxon

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.

Pioneer reports lower profit ahead of its takeover by Exxon
Business|Finance|Stock Markets|US

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors

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

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
Business|Economy|Finance

Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation

Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Americas|Business|Finance

MercadoLibre net profit surges, driven by Brazil, Mexico

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

MercadoLibre net profit surges, driven by Brazil, Mexico
Asia|Business|Economy|Finance

Pakistan pushes back deadline for expressions of interest to buy national airline

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

Pakistan pushes back deadline for expressions of interest to buy national airline
Business|Economy|Health|Lifestyle|Technology|US

Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs

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

Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Business|Economy|US

Boeing supplier Spirit AeroSystems sues to block Texas safety probe

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

Boeing supplier Spirit AeroSystems sues to block Texas safety probe
Business|Finance|US

TOMS Capital Investment Management has taken stake in Kellanova, sources say

Investment firm TOMS Capital Investment Management has taken a "significant" position in U.S. multinational food manufacturing company Kellanova and is

TOMS Capital Investment Management has taken stake in Kellanova, sources say
Business|Food|Opinion

Indiana judge opens door for new eatery, finding `tacos and burritos are Mexican-style sandwiches'

An Indiana judge has cleared the way for the opening of a new restaurant after finding that “tacos and burritos are Mexican-style sandwiches."

Indiana judge opens door for new eatery, finding `tacos and burritos are Mexican-style sandwiches'
Business|Finance

Comcast pulls Bally Sports channels, imperiling US broadcaster's restructuring

Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructuring of

Comcast pulls Bally Sports channels, imperiling US broadcaster's restructuring
Business|Lifestyle|Technology|Travel

Airbnb launches new global marketing strategy geared around experiences

Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business

Airbnb launches new global marketing strategy geared around experiences
Business|Technology

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand

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

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
Business|Finance|Stock Markets|Technology|US

Cognizant first-quarter revenue beats estimates on steady spending by clients

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

Cognizant first-quarter revenue beats estimates on steady spending by clients
Europe|Finance|Stock Markets

Intervene, rinse, repeat

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

Intervene, rinse, repeat
Business|Finance|Technology

Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain

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

Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain
Business|Finance|Stock Markets|US

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says

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

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
Business|Economy|US

US LNG developer Tellurian sends production workers home amid sale talks

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

US LNG developer Tellurian sends production workers home amid sale talks
Asia|Business|Economy|Finance|Stock Markets

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss

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

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Asian shares retreat after Wall St edges back from records

Asian shares have retreated after U.S. stocks edged back from their record heights

Stock market today: Asian shares retreat after Wall St edges back from records
Asia|Economy|News

Malaysia plans 13% salary hike for civil servants from Dec amid rising prices

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,

Malaysia plans 13% salary hike for civil servants from Dec amid rising prices
Business|Technology

Huawei's high-profile consumer CEO Richard Yu shifts role

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.

Huawei's high-profile consumer CEO Richard Yu shifts role
Business|Finance

Walmart to shut all health clinics in US over lack of profitability

Walmart

Walmart to shut all health clinics in US over lack of profitability
Business|Finance|Technology

Aircraft lessor DAE set to receive half promised Boeing planes this year

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

Aircraft lessor DAE set to receive half promised Boeing planes this year
Business|Economy|Finance|Stock Markets|Technology

Embraer counters report of new jet, says no major capex plan

Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and

Embraer counters report of new jet, says no major capex plan
Business|Finance

Starbucks cuts annual sales forecast as demand cools in key US, China markets

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

Starbucks cuts annual sales forecast as demand cools in key US, China markets
News|US

US Justice Department takes step to make marijuana use a less serious crime

The U.S.

US Justice Department takes step to make marijuana use a less serious crime
Asia|Business|Economy

Japan's factory activity falls slow, PMI shows

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.

Japan's factory activity falls slow, PMI shows
Business|Finance|Stock Markets

Ancora scores win with ISS endorsement in Norfolk Southern proxy fight

Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services (ISS)

Ancora scores win with ISS endorsement in Norfolk Southern proxy fight
Business|Finance|US

Glass Lewis recommends investors vote against three Boeing directors, including CEO Calhoun

Proxy advisor Glass Lewis has recommended shareholders vote against the reelection of three directors to Boeing's board, including outgoing CEO Dave Calhoun, citing

Glass Lewis recommends investors vote against three Boeing directors, including CEO Calhoun
Business|Finance

Australian bank Westpac extends moratorium on regional branch closures till 2027

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

Australian bank Westpac extends moratorium on regional branch closures till 2027
Europe

Union announces talks with Carlyle on majority stake in Thyssenkrupp Marine Systems

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

Union announces talks with Carlyle on majority stake in Thyssenkrupp Marine Systems
Business|Economy|Finance|Technology|US

Billionaire Frank McCourt says he's putting together a consortium to buy TikTok

Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business

Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Business|Economy|Technology|US

Musk lays off Tesla senior executives in fresh job cuts, The Information reports

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

Musk lays off Tesla senior executives in fresh job cuts, The Information reports
Business|Economy|Finance|Stock Markets|US

Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast

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

Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast
Business|Europe|Finance|News|Stock Markets

Air France-KLM reports worse than expected Q1 results as costs soar

Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31

Air France-KLM reports worse than expected Q1 results as costs soar
Business|Economy|Europe|Finance

Consumer spending, investment boosts French first quarter growth

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

Consumer spending, investment boosts French first quarter growth
Business|Finance

HSBC Chief Quinn, architect of sweeping overhaul, announces surprise exit

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

HSBC Chief Quinn, architect of sweeping overhaul, announces surprise exit
Business|Finance|Lifestyle|US

Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit

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"

Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit
Asia|Business|Economy|Finance|US

Activist investor Elliott buys stake in Japan's Sumitomo, source says

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

Activist investor Elliott buys stake in Japan's Sumitomo, source says
Asia|Business|Finance

China developer Fantasia proposes new restructuring terms, shares up

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

China developer Fantasia proposes new restructuring terms, shares up
Business|Economy|Europe|News

German retail sales rise more than expected in March, boding well for economy

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.

German retail sales rise more than expected in March, boding well for economy
Business|Economy|Finance

NYCB delays annual shareholders meeting by two weeks

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.

NYCB delays annual shareholders meeting by two weeks
Business|Finance|Stock Markets|US

Wall St notches gain; yen surges, intervention suspected

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.

Wall St notches gain; yen surges, intervention suspected
Business|Finance|Stock Markets|Technology

Apple shares rise after Bernstein analyst takes bullish stance

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

Apple shares rise after Bernstein analyst takes bullish stance
Business|Finance

Ancora scores in Norfolk Southern proxy fight with Glass Lewis recommendation

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

Ancora scores in Norfolk Southern proxy fight with Glass Lewis recommendation
Arts|Business|Finance|News|US

Lawsuit over Wall Street's 'Fearless Girl' statue is settled

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

Lawsuit over Wall Street's 'Fearless Girl' statue is settled
Business|Finance

WeWork reaches settlement with creditors, rebuffs Neumann bid

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

WeWork reaches settlement with creditors, rebuffs Neumann bid
News|Business

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

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

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper
Business|Economy|Finance|Stock Markets

Meme stocks are roaring again. Yes, again

GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply

Meme stocks are roaring again. Yes, again
Americas|Business|Economy|News

Mexico's economy continued weak growth in first quarter, poll shows: Reuters poll

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,

Mexico's economy continued weak growth in first quarter, poll shows: Reuters poll
Americas|Business|News

Vale, BHP offer $25 billion settlement for Mariana disaster; authorities seek more

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to

Vale, BHP offer $25 billion settlement for Mariana disaster; authorities seek more
Africa|Business|Economy|Finance|Stock Markets

Coca-Cola gears up for IPO of $8 billion African bottling arm, Bloomberg reports

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

Coca-Cola gears up for IPO of $8 billion African bottling arm, Bloomberg reports
Business|Europe|Finance|US

Turkish grocery delivery company Getir pulls out of Europe, U.S

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

Turkish grocery delivery company Getir pulls out of Europe, U.S
Business|Economy|Europe

Russia says taking control of Ariston unit is response to Western hostilities

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

Russia says taking control of Ariston unit is response to Western hostilities
Business|Finance|Stock Markets

L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports

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

L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
Asia|Business|Finance

Insurer AIA's Q1 new business value rises 31%, announces $2 billion buyback

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

Insurer AIA's Q1 new business value rises 31%, announces $2 billion buyback
Australia|Business|Entertainment

Star Entertainment chair David Foster latest to depart amid Sydney casino inquiry

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

Star Entertainment chair David Foster latest to depart amid Sydney casino inquiry
Business|Europe|Finance|Stock Markets

Vivendi says feasibility study for planned split is in progress, Q1 sales soar

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

Vivendi says feasibility study for planned split is in progress, Q1 sales soar
Business|Entertainment|Finance

Blackstone beats Concord with $1.6 billion bid for Hipgnosis Songs

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

Blackstone beats Concord with $1.6 billion bid for Hipgnosis Songs
Business|News

Arthur Irving, who grew his family's oil business and was one of Canada's richest men, dies at 93

Canadian billionaire Arthur L

Arthur Irving, who grew his family's oil business and was one of Canada's richest men, dies at 93
Asia|Business|Technology

South Korea to consult Naver, after report firm faces Japan pressure to divest stake

South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to

South Korea to consult Naver, after report firm faces Japan pressure to divest stake
Business|Finance|US

L3Harris cuts 5% workforce in cost-saving measure

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

L3Harris cuts 5% workforce in cost-saving measure
Business|Technology

Boeing, GKN Aerospace close deal for St. Louis site

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.

Boeing, GKN Aerospace close deal for St. Louis site
Business|Finance|Stock Markets|US

Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges

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.

Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
Business|Finance|Stock Markets

Phillips 66 misses first-quarter profit estimates on weaker margins

Oil refiner Phillips 66 reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo,

Phillips 66 misses first-quarter profit estimates on weaker margins
Business|Finance|Food

Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources say

General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular

Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
News|US

US Labor Department corrects productivity data from 2019 through 2023

The U.S.

US Labor Department corrects productivity data from 2019 through 2023
Business|Europe|Finance|News|Stock Markets|US

TotalEnergies looking at primary listing in New York, says CEO

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.

TotalEnergies looking at primary listing in New York, says CEO
Business|Finance|Technology

Thoma Bravo to buy UK's Darktrace for around $5.3 billion

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

Thoma Bravo to buy UK's Darktrace for around $5.3 billion
Business|Finance|US

Chevron posts Q1 profit beat with oil production gains

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

Chevron posts Q1 profit beat with oil production gains
Business|Finance|Stock Markets

Electrolux Q1 loss nearly triples on weak demand but beats expectations

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

Electrolux Q1 loss nearly triples on weak demand but beats expectations
Business|Europe|Travel

Airport operator ADP Q1 revenue boosted by post-pandemic travel boom

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

Airport operator ADP Q1 revenue boosted by post-pandemic travel boom
Asia|Business|Economy|Europe|Finance|Stock Markets

Amundi's Q1 inflows beat expectations on Asian JV contribution

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

Amundi's Q1 inflows beat expectations on Asian JV contribution
Business|Finance|US

Walmart's longest-serving director Rob Walton to retire from board

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

Walmart's longest-serving director Rob Walton to retire from board
Business|Europe|Finance|Stock Markets

Rampup costs weigh on Q1 but Airbus hikes A350 output goal

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

Rampup costs weigh on Q1 but Airbus hikes A350 output goal
Business|Europe|Technology

Spotify says Apple has rejected its app update with price information for EU users

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.

Spotify says Apple has rejected its app update with price information for EU users
Business|Economy|Finance

Top Tellurian executives poised for big payday if LNG plant goes ahead

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

Top Tellurian executives poised for big payday if LNG plant goes ahead
Business|Finance

S&P slashes Boeing credit outlook as rating hovers above junk status

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

S&P slashes Boeing credit outlook as rating hovers above junk status
Business|Lifestyle|News

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash

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

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Africa|Economy|Finance

South African rand strengthens after producer inflation data

The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected.

South African rand strengthens after producer inflation data
Business|Finance|Stock Markets|US

Anglo American share spike before bid raises questions about leaks

Anglo American's London-listed shares spiked in late UK trade on Wednesday, hours before the miner announced a $39 billion bid by

Anglo American share spike before bid raises questions about leaks
Asia|Business|Economy|Technology

South Korea stresses need for fair treatment for Line chat app operator Naver

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

South Korea stresses need for fair treatment for Line chat app operator Naver
Business|Economy|News|US

US weekly jobless claims unexpectedly fall

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions.

US weekly jobless claims unexpectedly fall
Americas|Business|Economy|Finance

Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes

Mexican cement maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to

Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes
Asia|Business|Economy|Finance

Sri Lankan shares end higher as financials, industrials gain

Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks.

Sri Lankan shares end higher as financials, industrials gain
Business|Entertainment|Finance|Stock Markets

Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner

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

Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner
Business|Finance|Technology

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg reports

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

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg reports
Business|Entertainment|Technology|US

Japanese game maker Sega Sammy sells resort to US fund

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

Japanese game maker Sega Sammy sells resort to US fund
Business|Finance|Stock Markets|US

Honeywell's first-quarter results beat on aviation strength

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.

Honeywell's first-quarter results beat on aviation strength
Asia|Business|Technology

China's largest auto show showcases all-electric future, local brands dominate

China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs

China's largest auto show showcases all-electric future, local brands dominate
Business|Finance|Food

Keurig Dr Pepper reports upbeat Q1 on steady demand, price hikes

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.

Keurig Dr Pepper reports upbeat Q1 on steady demand, price hikes
Business|Finance|Stock Markets|Technology|US

IBM falls as enterprise-spending constraints choke consulting demand

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

IBM falls as enterprise-spending constraints choke consulting demand
Asia|Business|Technology

LG Display returns to quarterly loss on drop in off-season demand

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

LG Display returns to quarterly loss on drop in off-season demand
Business|Economy|Europe|Finance

New BASF CEO greeted with drop in Q1 earnings

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

New BASF CEO greeted with drop in Q1 earnings
Business|Europe|Technology

STMicro cuts FY revenue outlook as softer car demand weighs

European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and

STMicro cuts FY revenue outlook as softer car demand weighs
Asia|Business|Finance

3 South Korean budget airlines still in race for Asiana cargo unit, sources say

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.

3 South Korean budget airlines still in race for Asiana cargo unit, sources say
Americas|Business|Economy|Finance

Retailer Walmex's quarterly profit jumps on more stores, higher wages

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

Retailer Walmex's quarterly profit jumps on more stores, higher wages
Business|Finance|Technology

Japan's 7-Eleven convenience chain targets aggressive global growth

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

Japan's 7-Eleven convenience chain targets aggressive global growth
Business|Finance|Technology

LG Energy Solution to minimise capex this year due to slow EV demand

South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global

LG Energy Solution to minimise capex this year due to slow EV demand
Business|Finance|Technology

VinFast chief plans to invest $1 billion more from his fortune in EV maker

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

VinFast chief plans to invest $1 billion more from his fortune in EV maker
Business|Finance|Food|US

Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties

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.

Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties
Business|Technology|US

Boeing reports first revenue drop in 7 quarters as deliveries decline

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat analyst expectations that were

Boeing reports first revenue drop in 7 quarters as deliveries decline
Business|Finance|Technology

Tesla shareholder seeks to bar Musk from dodging from Delaware pay ruling

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

Tesla shareholder seeks to bar Musk from dodging from Delaware pay ruling
Business|News|Technology|World

German spy agency warns companies against being too "naive" on China

Germany's domestic spy agency told companies on Wednesday they should be on guard against industrial espionage by Beijing, warning them not to be

German spy agency warns companies against being too "naive" on China
Business|Economy|Finance|US

Tepid US core capital goods orders point to weak business equipment spending

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

Tepid US core capital goods orders point to weak business equipment spending
Business|Finance|Stock Markets|Technology|US

Tesla expects to book over $350 million in costs for layoffs

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

Tesla expects to book over $350 million in costs for layoffs
Asia|Business|News|Technology

JAL president says plans to use both Boeing and Airbus aircraft

Japan Airlines will continue using both Airbus and Boeing aircraft, President Mitsuko Tottori said on Wednesday.

JAL president says plans to use both Boeing and Airbus aircraft
Business|Economy|Europe

UK manufacturers more optimistic despite dip in orders, CBI survey shows

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

UK manufacturers more optimistic despite dip in orders, CBI survey shows
Business|Technology

Judge grills Apple exec about whether company is defying order to enable more iPhone payment options

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

Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
Business|Economy|News

Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing

Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break
Asia|Business|Finance|Technology

Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports

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.

Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports
Business|News|Technology

Apple announces event on May 7 amid reports of launch of new iPads

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.

Apple announces event on May 7 amid reports of launch of new iPads
Business|Finance|Technology

SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea

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)

SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
Business|Technology

Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo

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

Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo
Business|Finance|Stock Markets|Technology|US

Boeing, Spirit agree $425 million deal to address supplier's issues

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

Boeing, Spirit agree $425 million deal to address supplier's issues
Asia|Business|Finance

Capital A chief Fernandes defers retirement, renews contract for 5 years

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

Capital A chief Fernandes defers retirement, renews contract for 5 years
Asia|Business|Economy|Environment|News|Technology

Analysis-China's EV survival game creates peril - and power

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

Analysis-China's EV survival game creates peril - and power
Business|Finance|Stock Markets|US

Mattel's quarterly loss smaller than expected as cost cuts pay off

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.

Mattel's quarterly loss smaller than expected as cost cuts pay off
Business|Finance|Technology|US

TI forecasts Q2 revenue above estimates as analog chip demand improves

Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged

TI forecasts Q2 revenue above estimates as analog chip demand improves
Business|Economy|Europe|Finance|News

UK pay settlements edge lower in first quarter, industry survey shows

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

UK pay settlements edge lower in first quarter, industry survey shows
Business|Economy|News

Bunge-Viterra agriculture merger runs into Canada competition concerns

Canada's Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge's proposed acquisition of Glencore

Bunge-Viterra agriculture merger runs into Canada competition concerns
Business|Finance|Stock Markets|US

JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal

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

JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day

Asian shares are mixed after Wall Street’s lull stretched into a second day

Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day
Business|Finance|Stock Markets|Technology

Spotify profits up, but lower marketing hits user growth

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

Spotify profits up, but lower marketing hits user growth
Economy|Europe

French service sector grows in April but manufacturing weakens, PMI shows

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

French service sector grows in April but manufacturing weakens, PMI shows
Business|Economy|Europe|Finance

German business activity returns to growth in April, PMI survey shows

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

German business activity returns to growth in April, PMI survey shows
Asia|Business|Finance|Technology

Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war

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

Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
Business|Economy|Europe|Finance

Morning Bid: Eyes on PMIs for rebound signs

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.

Morning Bid: Eyes on PMIs for rebound signs
Asia|Business|Economy|Finance|News

India's April business growth at near 14-year high, PMIs show

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

India's April business growth at near 14-year high, PMIs show
Business|Finance

Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says

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.

Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says
Business|Economy|Finance

Deadline for businesses to apply for their share of massive credit card company settlement looms

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

Deadline for businesses to apply for their share of massive credit card company settlement looms
Business|Economy|Finance|US

Apparel retailer Express files for US bankruptcy protection, to close over 100 stores

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.

Apparel retailer Express files for US bankruptcy protection, to close over 100 stores
Business|News|Technology|US

Former JetBlue CEO Hayes to lead Airbus in North America

Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.

Former JetBlue CEO Hayes to lead Airbus in North America
Business|Technology

Nintendo to announce Switch successor in this fiscal year as profits rise

Japanese video-game maker Nintendo's announcement about a successor to its Switch home console is coming sometime before March 2025

Nintendo to announce Switch successor in this fiscal year as profits rise
Business|Crime|Economy|Finance|US

New York sues cash advance provider Yellowstone for $1.4 billion, alleges predatory lending

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

New York sues cash advance provider Yellowstone for $1.4 billion, alleges predatory lending
Business|Europe

CNH picks Iveco Group's Marx as new chief executive

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

CNH picks Iveco Group's Marx as new chief executive
Economy|Finance|News|US

Federal judge sends FedEx contractor's racketeering claim to arbitration

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

Federal judge sends FedEx contractor's racketeering claim to arbitration
Business|Finance|Technology

Synopsys sells software integrity unit for $2.1 billion to PE group

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

Synopsys sells software integrity unit for $2.1 billion to PE group
Business|Finance|News

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle

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

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
Business|Finance|Technology|US

Tesla cuts US prices of Models Y, X, S by $2,000

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

Tesla cuts US prices of Models Y, X, S by $2,000
Business|Finance|US

Warren Buffett's successor Greg Abel seen preserving Berkshire's culture

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

Warren Buffett's successor Greg Abel seen preserving Berkshire's culture
Americas|Business|Finance

Honda to invest $808 million in Brazil by 2030

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

Honda to invest $808 million in Brazil by 2030
Business|Europe|News|Technology

Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that

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

Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that
Business|Finance|Stock Markets|US

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

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

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
Business|Finance|Stock Markets|US

Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year

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

Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year
Business|Economy|Finance|Stock Markets

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Business|Economy|Europe|News|Technology|World

Ukraine's growing arms sector thwarted by cash shortages and attacks

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

Ukraine's growing arms sector thwarted by cash shortages and attacks
Business|Economy|Finance|Stock Markets|US

Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request

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

Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request
Business|Economy|Finance|News|Stock Markets

Coatings maker PPG misses Q1 revenue estimates on lower sales volume

PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.

Coatings maker PPG misses Q1 revenue estimates on lower sales volume
Asia|Business|Finance

South Korea's LG Electronics raises $800 million dollar bond, term sheet shows

South Korea's LG Electronics has raised $800 million through a dollar bond deal, according to a term sheet reviewed by Reuters.

South Korea's LG Electronics raises $800 million dollar bond, term sheet shows
Asia|Business|Finance|Stock Markets

Nissan cuts annual operating profit estimate by 14.5% on lower sales

Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.

Nissan cuts annual operating profit estimate by 14.5% on lower sales
Business|Finance

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett

Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
Business|Entertainment

Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says

Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion

Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Business|Economy|Technology|US

AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC

The rate of businesses in the U.S. using AI is still relatively small but growing rapidly

AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
Business|Finance

Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down

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

Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Business|Economy|Finance|News|US

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve doesn’t appear eager to cut rates.

High interest rates aren’t going away anytime soon – a business economist explains why
Business|Economy|Finance

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns

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

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
Business|Economy|News

Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2

Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world

Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2
Business|Finance|US

Clorox lifts annual profit forecast on pricing benefits

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.

Clorox lifts annual profit forecast on pricing benefits
Business|Finance|Health

Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues

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

Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues
Business|Health|US

Walmart to close its 51 health centers and virtual care service

Walmart is closing its health centers and virtual care service after struggling to find success with the offerings

Walmart to close its 51 health centers and virtual care service
Business|Economy|Finance|Food

McDonald's plans to step up deals and marketing to combat slower fast food traffic

McDonald’s plans to step up deals and value messaging to combat slowing sales

McDonald's plans to step up deals and marketing to combat slower fast food traffic
Business|Economy|Europe|Finance|News

HSBC CEO Noel Quinn plans to retire

HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post

HSBC CEO Noel Quinn plans to retire
Asia|Economy|Finance|Stock Markets

Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday

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

Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
Business|Travel

Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier

There aren't many newcomers in the airline business

Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier
Business|Lifestyle|Sports

Oregon's Sports Bra, a pub for women's sports fans, plans national expansion as interest booms

An Oregon sports bar focusing on and showing only women's athletics has plans to expand across the country through a franchise model

Oregon's Sports Bra, a pub for women's sports fans, plans national expansion as interest booms
Business|Economy|Finance|News|US

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Business|Technology|US

Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas

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.”

Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas
Business|Technology|US

Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi

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

Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
Business|Finance|Stock Markets|US

Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer

Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a

Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
US

US auto sector 'whipsawed' by politicians, Ford chairman says

BIRMINGHAM, Mich.

US auto sector 'whipsawed' by politicians, Ford chairman says
Business|Health|Technology

UnitedHealth unit Change Healthcare faces issue processing some medical claims

UnitedHealth Group said on Thursday a service provided by its Change Healthcare unit was facing an issue receiving batches of medical claims from customers.

UnitedHealth unit Change Healthcare faces issue processing some medical claims
Asia|Business|Finance|Technology

TSMC set to report 5% rise in first-quarter profit on strong AI chip demand

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

TSMC set to report 5% rise in first-quarter profit on strong AI chip demand
Business|Europe|Technology

Tesla to lay off 300 temporary workers at German site, Business Insider says

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

Tesla to lay off 300 temporary workers at German site, Business Insider says
Business|Economy|Finance|Technology|World

Tesla's Musk likely to unveil $2-$3 billion India investment during visit, sources say

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

Tesla's Musk likely to unveil $2-$3 billion India investment during visit, sources say
Business|News|Technology|US

Tesla layoffs include 14% of Buffalo workers, WARN notice shows

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.

Tesla layoffs include 14% of Buffalo workers, WARN notice shows
Business|Technology

Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips

Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series

Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
Business|Finance|Technology|US

Analysis-Wall Street wants answers from Musk on Tesla's affordable car

Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had

Analysis-Wall Street wants answers from Musk on Tesla's affordable car
Business|Finance|News|Stock Markets|Technology|US

Alaska Air prioritizes quality, safety of Boeing products over production rate

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

Alaska Air prioritizes quality, safety of Boeing products over production rate
News|US|World

US official says IPR infringement still main concern in China

U.S.

US official says IPR infringement still main concern in China
Business|Finance|Technology

TSMC first-quarter profit expected to rise 5% on strong AI chip demand

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a

TSMC first-quarter profit expected to rise 5% on strong AI chip demand
Business|Technology

Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony

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

Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
Business|News|Technology

Apple CEO says looking into possibility of building manufacturing facility in Indonesia

Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo.

Apple CEO says looking into possibility of building manufacturing facility in Indonesia
Asia|Business|Economy|Finance|US

Analysis-Japan Inc makes a renewed U.S. push as China fears mount

Japanese companies are increasingly hitching their growth plans to the United States, as concerns about Chinese demand and Beijing's influence over

Analysis-Japan Inc makes a renewed U.S. push as China fears mount
Business|Economy|Finance|News|US

US business inventories pick up in February

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

US business inventories pick up in February
Business|Stock Markets|Technology|US

Trump Media shares tank after company says it could sell more stock

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

Trump Media shares tank after company says it could sell more stock
Business|Technology

Tesla's senior battery executive exits company

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.

Tesla's senior battery executive exits company
Asia|Business|Finance|Technology|US

Tesla scouts for its first India showroom locations, sources say

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

Tesla scouts for its first India showroom locations, sources say
Business|Europe|Finance

Tapestry merger with Versace owner Capri gets EU, Japan approval

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.

Tapestry merger with Versace owner Capri gets EU, Japan approval
Business|Economy

GM plans to move headquarters to different building in Detroit-source

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

GM plans to move headquarters to different building in Detroit-source
Business|Europe|US

Czech arms maker CSG chief eyes place on global stage

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

Czech arms maker CSG chief eyes place on global stage
Arts|Business|Entertainment|Lifestyle

'Avengers: Endgame' filmmakers add Amazon executive to studio team

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.

'Avengers: Endgame' filmmakers add Amazon executive to studio team
Asia|Economy|News|US

Philippine deals with US, Japan will not affect China's investments, Marcos says

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

Philippine deals with US, Japan will not affect China's investments, Marcos says
Business|Finance

Hedge fund Barington urges Paramount to scrap talks with Skydance

Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all

Hedge fund Barington urges Paramount to scrap talks with Skydance
Business

Exclusive-OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers

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

Exclusive-OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
Business|Finance|US

US executive gets UK judgments thrown out after showing hackers swayed his case

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

US executive gets UK judgments thrown out after showing hackers swayed his case
Business|Finance

T.Rowe Price backs Disney directors in boardroom challenge with hedge funds

Mutual fund firm T.

T.Rowe Price backs Disney directors in boardroom challenge with hedge funds
Business|Economy|Technology

Tesla raises prices of Model Y cars in US by $1,000

Tesla on Monday raised prices for all Model Y cars in the United States by $1,000, according to its website.

Tesla raises prices of Model Y cars in US by $1,000
Business|Finance|US

Frontier Airlines overhauls network, turns to premium seats in comeback

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

Frontier Airlines overhauls network, turns to premium seats in comeback
News|US

California Democrats urge Biden not to scrap chips R&D funding

California Governor Gavin Newsom and Senator Alex Padilla, both Democrats, urged the Biden administration on Monday to reverse its

California Democrats urge Biden not to scrap chips R&D funding
Business|Economy|Finance|US

US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight

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

US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight
Business|Economy|US

UAW membership fell 3.3% in 2023 to 370,000 workers

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.

UAW membership fell 3.3% in 2023 to 370,000 workers
Business|Technology|US

New planemaker chief says Boeing faces 'pivotal moment'

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

New planemaker chief says Boeing faces 'pivotal moment'
Business|Economy|US

Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs

A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S.

Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs
Business|Economy|Finance|News|US

US fourth-quarter growth revised up; weekly jobless claims fall

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

US fourth-quarter growth revised up; weekly jobless claims fall
Business|Europe|Technology

French company Valeo to use more Google Cloud AI tools

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.

French company Valeo to use more Google Cloud AI tools
Business|Entertainment

Fox Entertainment undergoes restructuring, leadership shake-up

Fox Corp on Wednesday announced its entertainment studio will be restructured across three key business segments - entertainment, television and streaming platforms, and worldwide sales

Fox Entertainment undergoes restructuring, leadership shake-up
Business|Europe|Technology

Ford says it will make new SUV in Valencia

Ford is planning to produce a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday.

Ford says it will make new SUV in Valencia
Business|Travel

Carnival will not sail through Red Sea in 2024, early next year, CFO says

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

Carnival will not sail through Red Sea in 2024, early next year, CFO says
Business|Technology|US

Tesla to give one month driver-assist technology trial for customers

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

Tesla to give one month driver-assist technology trial for customers
Business|Finance|US

Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say

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

Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
Business|Economy|Finance|Stock Markets|US|World

Morning Bid: March markets serene as Q1 peters out

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

Morning Bid: March markets serene as Q1 peters out
Business|Health

Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports

Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.

Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports
Business|News|US

China's Xi Jinping to meet with American executives on Wednesday, sources say

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

China's Xi Jinping to meet with American executives on Wednesday, sources say
Asia|Business|Finance|Technology

China EV giant BYD posts slowest quarterly profit growth in 2 years

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

China EV giant BYD posts slowest quarterly profit growth in 2 years
Business|Technology|US

Boeing CEO Calhoun's exit leaves uphill task for successor

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

Boeing CEO Calhoun's exit leaves uphill task for successor
Economy|Finance|US

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier

Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Business|Economy|News|US

US new home sales unexpectedly fall in February

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

US new home sales unexpectedly fall in February
Asia|Business|Technology

Nissan targets 1-million-vehicle sales growth over next three years

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.

Nissan targets 1-million-vehicle sales growth over next three years
Business|Food|News

McDonald's stores close in Sri Lanka after deal with partner ended, lawyer says

McDonald's has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said

McDonald's stores close in Sri Lanka after deal with partner ended, lawyer says
Business|Technology|US

Factbox-Boeing's tumultuous four years under outgoing CEO Calhoun

Boeing's David Calhoun will step down as CEO at the end of 2024, capping four turbulent years at the helm as the iconic planemaker seeks to address a spiraling safety crisis following a

Factbox-Boeing's tumultuous four years under outgoing CEO Calhoun
Business|Finance|Stock Markets|Technology

EV startup Fisker's deal talks with large automaker ends

Fisker's talks with a large automaker for a potential transaction has collapsed, the electric-vehicle startup said on Monday, sending its shares plunging more than 30% before the bell.

EV startup Fisker's deal talks with large automaker ends
Business|Finance

Citigroup says reorganization has concluded

Citigroup said on Monday it has concluded its previously announced bank-wide reorganization.

Citigroup says reorganization has concluded
Asia|Business|Finance

Exclusive-UK's Legal & General shelves China business license plan, cuts headcount, sources say

British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two

Exclusive-UK's Legal & General shelves China business license plan, cuts headcount, sources say
Asia|Economy|World

Wary of new security law, foreign firms in Hong Kong bolster contingency plans

Vague provisions in Hong Kong's new national security law around state secrets and links to foreign entities have put on edge many global

Wary of new security law, foreign firms in Hong Kong bolster contingency plans
News|US

US regulators urge Congress to look into grocery profits

The U.S.

US regulators urge Congress to look into grocery profits
News|US

US House panel subpoenas ESG corporate activist group

A U.S.

US House panel subpoenas ESG corporate activist group
Business|Economy|Finance|US

US business activity stable in March; inflation picks up

U.S. business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year.

US business activity stable in March; inflation picks up
Business|Economy|US

US airline CEOs request meeting with Boeing board to address production problems, WSJ reports

Major U.S. airline chiefs have requested a meeting with Boeing's board to express concerns over an Alaska Airlines accident and production problems, the Wall Street Journal reported on

US airline CEOs request meeting with Boeing board to address production problems, WSJ reports
Business|Technology

Tencent's next level up: fewer big foreign franchise games, more in-house

In a sea change at China's Tencent, an easy-to-play game of cute characters tackling obstacle courses has taken precedence over developing a big-budget sophisticated

Tencent's next level up: fewer big foreign franchise games, more in-house
Business|Finance|US

Shake Shack names Papa John's chief as its CEO

Shake Shack said on Thursday it has named Papa John's International's CEO Rob Lynch as its chief, succeeding Randy Garutti, who is retiring after spending more than two decades at the

Shake Shack names Papa John's chief as its CEO
Political|World

Exclusive-Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist

Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with

Exclusive-Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist
Business|Economy|Europe|News|Technology|US

EU court should back Illumina's appeal against EU review of Grail deal, court adviser says

Europe's top court should back U.S. gene sequencing company Illumina's appeal against the EU antitrust regulators' review of its $7.1 billion bid for cancer test maker Grail, an

EU court should back Illumina's appeal against EU review of Grail deal, court adviser says
Business|Finance|Stock Markets|US

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board

ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board
Business|Finance|US

Airline, credit card CEOs refuse to testify at US Senate hearing

The CEOs of American Airlines, United Airlines, Visa and Mastercard will not testify at an April 9 hearing on credit card competition, the chair of the

Airline, credit card CEOs refuse to testify at US Senate hearing
Business|Health|Science|Technology|US

Lonza to acquire biologics site from Roche in U.S. for $1.2 billion

Swiss contract drug manufacturer Lonza said on Wednesday it has signed an agreement to acquire the Genentech manufacturing facility in Vacaville, California, from drugmaker Roche

Lonza to acquire biologics site from Roche in U.S. for $1.2 billion
Business|Finance|Technology|US

Intel prepares for $100 billion spending spree across four US states

Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal

Intel prepares for $100 billion spending spree across four US states
Business|Europe|Technology|Travel

Exclusive-Ryanair's O'Leary will meet senior Boeing execs later on Wednesday

Ryanair CEO Michael O'Leary said on Wednesday he will meet with senior Boeing executives later in the day in Dublin to discuss prolonged delays in plane deliveries as a crisis at

Exclusive-Ryanair's O'Leary will meet senior Boeing execs later on Wednesday
Business|Finance|Technology|US

Boeing CFO says made decision to keep 737 production below 38/month

Boeing has made the decision to keep B737 jet production below 38 per month, and will only accept a fully conforming fuselage from supplier Spirit AeroSystems at its Washington state

Boeing CFO says made decision to keep 737 production below 38/month
Business

Nvidia's new software tools meant for companies adding AI to business

Nvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work,

Nvidia's new software tools meant for companies adding AI to business
Business|Economy|Finance

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
Business|Economy|Finance|US

Nippon Steel pledges to move US HQ to US Steel's Pittsburgh

Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S.

Nippon Steel pledges to move US HQ to US Steel's Pittsburgh
Business|Health|US

Kroger to sell specialty pharmacy business to Elevance Health's CarelonRx

Grocer Kroger said on Monday it had entered a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a unit of U.S. health insurer Elevance Health.

Kroger to sell specialty pharmacy business to Elevance Health's CarelonRx
Business|Entertainment|US

George Lucas backs Disney CEO Iger in proxy battle with Nelson Peltz, CNBC reports

Filmmaker George Lucas has backed Walt Disney CEO Bob Iger in the media company's bitter proxy battle with activist investor Nelson Peltz, CNBC reported on Tuesday.

George Lucas backs Disney CEO Iger in proxy battle with Nelson Peltz, CNBC reports
Business|Technology

Factbox-Key takeaways from Nvidia's annual developer conference

Nvidia unveiled its next big AI chip along with several partnerships and software tools at its annual developer conference this week, seeking to maintain its lead in the race to power the

Factbox-Key takeaways from Nvidia's annual developer conference
Business|Finance

Exclusive-Macy's opens its books in company sale talks, sources say

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential

Exclusive-Macy's opens its books in company sale talks, sources say
Business|Economy|Finance|US

Citigroup has sold most non-US consumer businesses as revamp progresses

Citigroup has sold its non-U.S. consumer businesses in nine out of 14 regions and "substantially wound down" three more, as the lender undergoes its biggest overhaul in more than two

Citigroup has sold most non-US consumer businesses as revamp progresses
Business|Finance|Stock Markets

Berkshire Hathaway speeds up stock buybacks

Berkshire Hathaway has increased its pace of repurchasing its own shares, a sign that longtime Chairman Warren Buffett considers them undervalued and a good place to spend excess cash.

Berkshire Hathaway speeds up stock buybacks
News|Uncategorized|US

U.S. Steel posts weak Q1 profit forecast on lower demand in tubular segment

U.S.

U.S. Steel posts weak Q1 profit forecast on lower demand in tubular segment
Business|Economy|Environment|Finance|News|US

US climate rule will boost sustainable accounting industry

New U.S. climate-disclosure regulations should boost demand for services of the Big Four accounting firms and more specialized reviewers, and could sharpen a rivalry between

US climate rule will boost sustainable accounting industry
Business

Nvidia AI developer conference kicks off with new chips in focus

By Max A.

Nvidia AI developer conference kicks off with new chips in focus
Technology|US

Meta, Boeing, GE Vernova join US business delegation to Vietnam this week

A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate

Meta, Boeing, GE Vernova join US business delegation to Vietnam this week
Business|Finance

Brazil's Embraer sees deliveries, revenue growing in 2024

Brazilian planemaker Embraer expects both its aircraft deliveries and revenues to grow in 2024, the company said on Monday.

Brazil's Embraer sees deliveries, revenue growing in 2024
Business|Finance|Food|US

Big Mac goes Big Tech, with a few hiccups

When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus,

Big Mac goes Big Tech, with a few hiccups
Business|Economy|US

US Chamber of Commerce sues SEC over climate risk disclosure rules

The U.S. Chamber of Commerce said on Thursday it has filed a lawsuit against the U.S.

US Chamber of Commerce sues SEC over climate risk disclosure rules
Business|Economy|Finance|Technology

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say

Telecom Italia's (TIM) Chief Executive Pietro Labriola has warned investors the company could need to raise billions in capital if the planned sale of its network to U.S. fund KKR

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say
Business|Finance|Health|US

Reckitt will seek to overturn $60 million baby formula verdict

Reckitt Benckiser on Friday said it would pursue all options to have a $60 million verdict overturned in a baby formula case in the United States as it stood by the safety of all its

Reckitt will seek to overturn $60 million baby formula verdict
Business|Finance|US

Nippon Steel says no layoffs, no plant closures at US Steel till 2026

Japan's Nippon Steel said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions.

Nippon Steel says no layoffs, no plant closures at US Steel till 2026
Business|Finance|US

Fitch cuts Boeing's rating outlook to 'stable', sees lower MAX deliveries

Fitch Ratings on Friday cut its rating outlook on Boeing to "stable" from "positive," as it believes the U.S. planemaker may take roughly 12 months longer in achieving its goals such as

Fitch cuts Boeing's rating outlook to 'stable', sees lower MAX deliveries
Business|Finance

Berkshire raises pay for Buffett's successor Greg Abel to $20 million

Berkshire Hathaway said on Friday it raised the pay of Vice Chairman Greg Abel, who is expected to succeed Warren Buffett as chief executive, in 2023 as the conglomerate posted a record

Berkshire raises pay for Buffett's successor Greg Abel to $20 million
Business|Economy|Finance|Stock Markets|US

Bank of America revamps its capital markets division, memo says

Bank of America has made several leadership changes in its capital markets business, setting up a new advisory group called capital markets advisory in a bid to better align its offering

Bank of America revamps its capital markets division, memo says
News|US

Yellen says Biden tax credits boost clean energy investment in coal country

U.S.

Yellen says Biden tax credits boost clean energy investment in coal country
News|US

US regulator says trade groups judge-shopped for credit fee lawsuit

The U.S.

US regulator says trade groups judge-shopped for credit fee lawsuit
Business|Economy|Finance|US

US business inventories unchanged in January

U.S. business inventories were unexpectedly unchanged in January as increases in stocks at retailers were offset by declines at manufacturers and wholesalers.

US business inventories unchanged in January
Business|Finance|Stock Markets

Under Armour's founder Plank to return as CEO

Apparel maker Under Armour said on Wednesday that founder vwill return to the company as CEO, effective April 1. The company's shares rose 6% to $8.26 after the bell.

Under Armour's founder Plank to return as CEO
Business|Finance|Stock Markets|Technology

Tesla slips as Wells Fargo warns of waning effect of price cuts over demand

Tesla shares dropped about 2% on Wednesday after Wells Fargo raised concerns over the waning impact of price cuts by the world's most valuable automaker on the demand for its electric

Tesla slips as Wells Fargo warns of waning effect of price cuts over demand
Business

Nvidia offers developers a peek at new AI chip next week

How long can Nvidia and its CEO, Jensen Huang, wear the crown as the tech world's dominant supplier of artificial-intelligence chips?

Nvidia offers developers a peek at new AI chip next week
Business|Technology

Microsoft expands availability of its AI-powered cybersecurity assistant

Microsoft will widen the availability of its artificial intelligence-powered tool for cybersecurity professionals from April 1 and adopt a 'pay-as-you-go' strategy for the assistant, the

Microsoft expands availability of its AI-powered cybersecurity assistant
Business|Europe|Finance

KKR launches $3 billion public takeover offer for Encavis

Private equity firm KKR has launched a 2.8 billion euro ($3.06 billion) takeover offer for German electricity and energy producer Encavis, the company said on Thursday.

KKR launches $3 billion public takeover offer for Encavis
Business|Finance|News

Binance plans to bring "colleagues home" even as Nigerian crackdown grows

Binance is working with Nigerian authorities to bring back the senior executives detained last month on undisclosed charges as part of a country-wide crackdown, the world's largest

Binance plans to bring "colleagues home" even as Nigerian crackdown grows
Business|News|Technology|Travel|US

Analysis-Airlines try to leverage Boeing woes despite lack of alternatives

Airline executives are frustrated with Boeing as its safety crisis has upended their business plans.

Analysis-Airlines try to leverage Boeing woes despite lack of alternatives
Business|Europe|Finance|Stock Markets

Zara owner Inditex's profit rises to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices

Zara owner Inditex said on Wednesday its net income for 2023 rose to 5.4 billion euros as the fast-fashion giant bet on

Zara owner Inditex's profit rises to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices
Americas|Business|Finance|News

State-run Mexicana airline to buy 20 planes by October, says Lopez Obrador

Mexico's state-owned airline Mexicana will purchase 20 aircraft by October, when President Andres Manuel Lopez Obrador's term ends, the country's leader told reporters on

State-run Mexicana airline to buy 20 planes by October, says Lopez Obrador
Business|Finance|US

Geico won't face class-action claims it overcharged drivers during pandemic

Geico, the car insurer owned by Warren Buffett's Berkshire Hathaway, will not face class-action claims as it defends against a lawsuit alleging it overcharged

Geico won't face class-action claims it overcharged drivers  during pandemic
Business|Finance|US

Exclusive-Icahn drops Illumina board challenge threat, sources say

Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina's board, sparing the U.S. gene sequencing company

Exclusive-Icahn drops Illumina board challenge threat, sources say
Business|Europe

Adidas posts first loss in 30 years but sticks to dividend

German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as CEO Bjorn Gulden works to turn the brand around

Adidas posts first loss in 30 years but sticks to dividend
Business|Economy|Finance|US

US companies to announce investments of over $1 billion in the Philippines

U.S. companies are set to announce investments amounting to more than $1 billion dollars in the Philippines, United States Commerce Secretary Gina Raimondo said during an official

US companies to announce investments of over $1 billion in the Philippines
Business|News|Technology

Honeywell will seek 'relief' on Bombardier engine pricing case at Canada's top court

Honeywell said it will ask Canada's top court to hear an engine pricing case involving business jet maker Bombardier, in a dispute that has raised concerns

Honeywell will seek 'relief' on Bombardier engine pricing case at Canada's top court
Business|Technology

Factbox-Who are OpenAI's new board members?

Sam Altman is rejoining the board of ChatGPT-maker OpenAI along with three new directors, as the startup tries to move past his sudden ouster in November that had shocked the tech industry

Factbox-Who are OpenAI's new board members?
News|US

U.S. judge blocks US labor board's rule involving contract and franchise workers

A federal judge in Texas on Friday struck down a U.S.

U.S. judge blocks US labor board's rule involving contract and franchise workers
Business|Finance

Embattled lender NYCB announces incoming CEO Otting's base salary

New York Community Bancorp said on Friday incoming CEO Joseph Otting will receive an annual base salary of $1.25 million and as of March 6 received a one-time option to acquire 15 million

Embattled lender NYCB announces incoming CEO Otting's base salary
Business|Technology|US

Delta expects Boeing 737 Max 10 may be delayed until 2027, Bloomberg says

Delta Air Lines Inc expects the deliveries of Boeing Co's 737 Max 10 aircraft to be pushed out to as late as 2027, as the planemaker faces federal safety and criminal reviews, Bloomberg

Delta expects Boeing 737 Max 10 may be delayed until 2027, Bloomberg says
Business|Finance|US

TSMC to win more than $5 billion in grants for a US chip plant, Bloomberg reports

Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, is set to win more than $5 billion in federal grants from the United States government for setting up

TSMC to win more than $5 billion in grants for a US chip plant, Bloomberg reports
Asia|Business

Tire maker Goodyear to close manufacturing plant in Malaysia

Goodyear Tire & Rubber Co, one of the world's largest tire makers, plans to shut down its plant in Malaysia on June 30 - a decision expected to affect more than 500 employees,

Tire maker Goodyear to close manufacturing plant in Malaysia
Business|Technology

Tesla's German plant to restart next week, says works council head

Tesla's German plant near Berlin, which has been down since March 5 because far-left extremists carried out an arson attack on a near-by power pylone, will resume

Tesla's German plant to restart next week, says works council head
Business|Finance|US

Chevron's CEO faces challenges of a lifetime with Hess bid

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up

Chevron's CEO faces challenges of a lifetime with Hess bid
Business|Finance|US

Boeing to tie more of employee bonus pays to safety, WSJ reports

Boeing is overhauling how it pays employee bonuses to emphasize quality and safety, following production problems found after Alaska Airlines door plug blowout, the Wall Street Journal

Boeing to tie more of employee bonus pays to safety, WSJ reports
Business|Europe|Finance|Stock Markets

Lufthansa gives subdued 2024 outlook as labour disputes weigh

Lufthansa warned on Thursday its operating losses in the first quarter will widen and gave a subdued outlook for 2024 as the

Lufthansa gives subdued 2024 outlook as labour disputes weigh
Business|Economy|Finance|US

Dealmakers see 'green shoots' in M&A activity in election year after 2023 doldrums

Mergers and acquisitions activity is poised to rebound later this year after a sluggish 2023 as the Federal Reserve is expected to cut

Dealmakers see 'green shoots' in M&A activity in election year after 2023 doldrums
Business|Finance

Lindt's 2023 profit lifted by price hikes as chocolate market slows

Lindt & Spruengli reported a rise in annual profit on Tuesday as the Swiss chocolate maker managed to

Lindt's 2023 profit lifted by price hikes as chocolate market slows
Business|Economy|Finance

Canada's Ivey PMI falls to 4-month low in February

Canadian economic activity expanded at a slower pace in February as a measure of employment declined, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

Canada's Ivey PMI falls to 4-month low in February
Business|Finance|Stock Markets|US

British gambling group 888 explores selling, exiting some US operations

British bookmaker 888 Holdings said on Wednesday it was looking at options for its direct-to-consumer U.S. operations, including a potential sale or controlled exit, as the division

British gambling group 888 explores selling, exiting some US operations
Business|Economy|Finance

Global M&A volumes to rise by 50% this year, says Morgan Stanley

Global deal-making volumes will rise by 50% this year compared to 2023 as fears over funding costs, inflation and recession concerns abate, Morgan Stanley said in a note on Monday.

Global M&A volumes to rise by 50% this year, says Morgan Stanley
Business|Environment|US

Valero joins Summit's carbon capture project

U.S. refiner Valero Energy Corp is joining Iowa-based Summit Carbon Solutions' proposed carbon-capture and storage project, the private company said on Monday.

Valero joins Summit's carbon capture project
Business|Finance|Technology

JCET to buy 80% stake in SanDisk China's unit

China's chip assembly and testing firm JCET said on Monday it plans to buy an 80% stake in SanDisk China's Shanghai-based unit specialising in flash memory products for about $624

JCET to buy 80% stake in SanDisk China's unit
Business|Finance|US

Investors raise Macy's buyout bid - WSJ

An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported

Investors raise Macy's buyout bid - WSJ
Business|Economy|World

Closing gender gap could lift global GDP more than 20%, World Bank says

Ending discriminatory laws and practices that prevent women from working or starting businesses could raise global gross domestic product by more than 20%,

Closing gender gap could lift global GDP more than 20%, World Bank says
Business|News|Technology

Apple to pay C$14.4 million to settle iPhone throttling case in Canada, CBC reports

A British Columbia Supreme Court judge has approved a proposed C$14.4 million ($10.6 million) settlement from Apple to eligible members of a class-action lawsuit that accused the

Apple to pay C$14.4 million to settle iPhone throttling case in Canada, CBC reports
Business|Europe|Technology

X, ByteDance, Booking.com could face tough EU rules

Elon Musk's X social media platform, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers, the

X, ByteDance, Booking.com could face tough EU rules
Business|Finance|US

NYCB expands top team, says 'material weakness' will not hit 2023 results

New York Community Bancorp on Friday named financial services veteran George Buchanan as its chief risk officer and said the material weakness in internal controls would not impact its

NYCB expands top team, says 'material weakness' will not hit 2023 results
Business|Finance|Stock Markets|Technology|US

Nvidia set to close with $2 trillion valuation as Dell stokes AI rally

Nvidia's stock market value was on track to close above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-

Nvidia set to close with $2 trillion valuation as Dell stokes AI rally
Business|Finance|US

Kodak taps outside firm to maximize value of overfunded pension plan

Eastman Kodak Co has tapped investment consulting firm NEPC to maximize the value of its overfunded pension plan and use any surplus from it to pay down debt, the company said on Friday.

Kodak taps outside firm to maximize value of overfunded pension plan
Business|News|Technology|World

Google's removal of apps from Play Store in India 'cannot be permitted' - minister

Google's decision to remove some apps in India from its app store "cannot be permitted", Information Technology Minister Ashwini Vaishnaw said on Saturday, amid

Google's removal of apps from Play Store in India 'cannot be permitted' - minister
Business|Finance|Technology|US

Exclusive-Boeing delays plans for production ramp-up, sources say

Boeing has delayed plans for its supply chain to ramp up production of its bestselling 737 jetliner, according to a presentation seen by Reuters, as the

Exclusive-Boeing delays plans for production ramp-up, sources say
Business|Finance|Stock Markets|Technology

EV startup Fisker slides as cash dwindles with 'difficult year' ahead

Fisker shares skid nearly 40% on Friday after the electric-vehicle startup flagged going-concern risks, saying it would cut its workforce by 15% and pause investments in future projects

EV startup Fisker slides as cash dwindles with 'difficult year' ahead
Business|Finance|Technology

Boeing looks to buy supplier Spirit Aero as it delays jet production

Boeing is in talks to buy its former subsidiary Spirit AeroSystems while it delayed plans for suppliers to ramp up 737 jetliner

Boeing looks to buy supplier Spirit Aero as it delays jet production
Business|Celebrity|Finance

WeightWatchers shares drop as Oprah Winfrey decides to exit board

Shares of WW International, also known as WeightWatchers, took a pounding after the company disclosed that media icon Oprah Winfrey will exit its board later this year.

WeightWatchers shares drop as Oprah Winfrey decides to exit board
Business|Finance|US

Kodak explores tapping pension fund's $1.2 billion surplus, Bloomberg reports

Eastman Kodak Co is contemplating a move to unlock gains created by its overfunded pension system, Bloomberg News reported on Thursday, citing people with knowledge of the matter.

Kodak explores tapping pension fund's $1.2 billion surplus, Bloomberg reports
Business

Intel sees AI opportunity for standalone programmable chip unit

By Max A.

Intel sees AI opportunity for standalone programmable chip unit
Business|Finance|Technology

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand

Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as businesses scale down spending on the server maker's technology solutions.

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
Business|Europe|Finance|Technology

Germany wants Big Tech to pay towards compliance costs of new digital law

Germany wants Big Tech companies Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union

Germany wants Big Tech to pay towards compliance costs of new digital law
Business|Celebrity|Finance

Disney grandchildren back CEO Iger and board, slam activist investors

The grandchildren of Roy and Walt Disney, founders of Walt Disney Co, have backed CEO Bob Iger and the board, while opposing activist investors encircling the company.

Disney grandchildren back CEO Iger and board, slam activist investors
Business|Finance|News|Technology|Travel|US

Boeing needs to make changes, Emirates president says

American planemaker Boeing needs to make changes, Emirates President Tim Clark said on Thursday, as it faces regulatory scrutiny following the blowout of a panel on one of the

Boeing needs to make changes, Emirates president says
Business|Finance|US

Brazilian airline Gol gets court approval for $1 billion bankruptcy loan

Bankrupt Brazilian airline Gol received U.S. court approval on Wednesday for a $1 billion loan, after resolving the concerns of a group of lenders that feared

Brazilian airline Gol gets court approval for $1 billion bankruptcy loan
Business|Technology

Apple shareholders reject AI disclosure proposal

Apple shareholders on Wednesday rejected a measure asking the iPhone maker to disclose more information about how it uses artificial intelligence in its business and its ethical guidelines

Apple shareholders reject AI disclosure proposal
Asia|Business|Economy|Technology|US

Japan's Idemitsu joins study on U.S. ammonia project

Japanese oil refiner Idemitsu Kosan agreed with trading house Mitsubishi Corp and Swiss firm Proman to study a fuel ammonia production project in the U.S., the three companies said

Japan's Idemitsu joins study on U.S. ammonia project
Business|Finance|US

Apollo co-founder Leon Black sells stock worth $172.8 million

Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity firm, nearly three years after stepping down as its chief

Apollo co-founder Leon Black sells stock worth $172.8 million
Asia|Business|Technology|US

SK Telecom partners with AI search startup Perplexity in Korea

SK Telecom, South Korea's largest telco, is partnering with U.S.

SK Telecom partners with AI search startup Perplexity in Korea
Business|Economy|Finance|US

Kroger-Albertsons merger fight may impact 2024 election

A Biden administration bid to block supermarket chain Kroger's $24.6 billion deal to buy rival Albertsons may have outsized impact in two inflation-weary

Kroger-Albertsons merger fight may impact 2024 election
News|US

Chips companies will be lucky to get half of subsidies sought, US Commerce Secretary says

U.S.

Chips companies will be lucky to get half of subsidies sought, US Commerce Secretary says
Business|Finance|US

Warren Buffett mourns passing of Berkshire 'architect' Charlie Munger

Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders.

Warren Buffett mourns passing of Berkshire 'architect' Charlie Munger
Business|Europe|Finance|Technology

Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs

Europe's automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are

Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs
Business|Economy|Finance|US

US business equipment borrowings up 6% in January, ELFA says

U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday.

US business equipment borrowings up 6% in January, ELFA says
Business|Finance

Scotiabank to set up Canadian investment dealer owned by Indigenous shareholders

Bank of Nova Scotia said on Friday it would set up the first investment dealer in Canada that would be majority-owned by Indigenous shareholders and will be named Cedar Leaf Capital.

Scotiabank to set up Canadian investment dealer owned by Indigenous shareholders
Business|Finance|Technology

VinFast posts higher revenue in fourth quarter

Vietnamese electric vehicle (EV) maker VinFast reported a 133% jump in fourth-quarter revenue on Thursday, driven by increased deliveries to domestic customers.

VinFast posts higher revenue in fourth quarter
Business|Economy|Technology

EV sector grapples with layoffs, production cuts and altered plans

A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts,

EV sector grapples with layoffs, production cuts and altered plans
Business|News|US

Deere's Wirtgen wins $12.9 million from Caterpillar in road-construction patent trial

Deere & Co subsidiary Wirtgen America convinced a federal jury in Delaware on Thursday that construction rival Caterpillar must pay $12.9 million in damages for violating

Deere's Wirtgen wins $12.9 million from Caterpillar in road-construction patent trial
Australia|Business|Finance|Stock Markets|US

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million

U.S. miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million).

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
Business

Intel expects to overtake TSMC in making fastest chips this year

By Stephen Nellis and Max A.

Intel expects to overtake TSMC in making fastest chips this year
Business|Economy|News|US|World

Half of Japanese firms see another Trump presidency as risk, Reuters poll shows

Roughly half of Japanese firms see another Donald Trump presidency as a potential risk to business, with the prospect of increased protectionism the leading cause for

Half of Japanese firms see another Trump presidency as risk, Reuters poll shows
Business|Economy|Finance

Chesapeake says natgas market oversupplied, plans to cut output, spending

Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.

Chesapeake says natgas market oversupplied, plans to cut output, spending
Business|Technology

Bumble rejigs top brass under new chief executive

Bumble on Wednesday rejigged its senior leadership at the dating apps operator with four new appointments including the head of product and technology, more than a month after its new

Bumble rejigs top brass under new chief executive
Business|News|Technology

At hefty premium, Russian resellers hawk Apple Vision Pro goggles

Russia's top consumer electronics chain M.Video-Eldorado has begun sales of Apple's brand-new Vision Pro headset in its stores, despite Apple halting exports of its products to Russia

At hefty premium, Russian resellers hawk Apple Vision Pro goggles
Business|Economy|US

Tumbling US natural gas prices prove unstoppable, hurting producers

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.

Tumbling US natural gas prices prove unstoppable, hurting producers
Business|Finance|US

Macy's gets director nominations from hedge fund Arkhouse Management

Department store Macy's said on Tuesday hedge fund Arkhouse Management had nominated nine individuals to stand for election as directors at its 2024 annual meeting.

Macy's gets director nominations from hedge fund Arkhouse Management
Business|Economy|Finance|News|US

Leading Economic Index no longer signals U.S. recession -Conference Board

The Conference Board's Leading Economic Index no longer signals a coming recession for the U.S. economy for the first time since the summer of 2022 even as the index declined in January

Leading Economic Index no longer signals U.S. recession -Conference Board
Asia|Business|Economy|Finance

Japanese companies maintain suspended operations in Russia, survey shows

Most of the Japanese companies surveyed by the Japan External Trade Organization (JETRO) stuck to their earlier decisions to partially or fully suspend operations

Japanese companies maintain suspended operations in Russia, survey shows
Business|Economy|Finance|US

Italy's KME signs deal with US SEDA to list Cunova unit on NYSE

Italian copper and copper alloy producer KME said on Tuesday it had signed an equity transaction deal aimed at listing its Cunova unit on the New York Stock Exchange (NYSE).

Italy's KME signs deal with US SEDA to list Cunova unit on NYSE
Business|Economy|Europe|Finance|Stock Markets

Investors are buying back into the pound's pizazz

The pound is playing catch-up with the dollar as investors beef up their bullish positions, and may get extra oomph from data this week showing British business

Investors are buying back into the pound's pizazz
Business|Finance|US

Full US appeals court to reconsider Nasdaq board diversity rule

A challenge by conservative groups to a Nasdaq rule requiring companies to disclose board diversity or lack thereof will be reconsidered by a federal appeals court in New

Full US appeals court to reconsider Nasdaq board diversity rule
Asia|Business|Economy

Exclusive-Japan's Kyushu Electric to wait for US LNG policy clarity on Lake Charles

Japan's Kyushu Electric Power will wait until after the United States resumes issuing export licences for new liquefied natural gas (LNG) projects before deciding on

Exclusive-Japan's Kyushu Electric to wait for US LNG policy clarity on Lake Charles
Business|Finance|Technology|US

US awards $1.5 billion to GlobalFoundries for domestic semiconductor production

The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to

US awards $1.5 billion to GlobalFoundries for domestic semiconductor production
Business|Finance|Stock Markets|Technology

China's JD.com versus US's Elliott in battle for UK's Currys

Currys shares soared on Monday after Chinese online retailer JD.com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group,

China's JD.com versus US's Elliott in battle for UK's Currys
Business|Europe

Exclusive-Mondelez revamps European operations after boycotts over Russian business, internal memos show

Oreo cookie-maker Mondelez put new management in place at its profitable Russian business this week, according to two internal company memos seen by Reuters

Exclusive-Mondelez revamps European operations after boycotts over Russian business, internal memos show
Business|Economy|News|US

Anti-union efforts to cost Starbucks at least $240 million, labor group tells SEC

A Starbucks labor group on Friday sent a letter to the U.S.

Anti-union efforts to cost Starbucks at least $240 million, labor group tells SEC
Business|Economy|News|US

White House's Brainard says U.S. recovery strong, eyes longer-term growth

The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could

White House's Brainard says U.S. recovery strong, eyes longer-term growth
Business|Economy|Finance|US

US business inventories rebound in December

U.S. business inventories rebounded in December, driven by rising stocks at retailers and wholesalers.

US business inventories rebound in December
Business|Finance

Stellantis operating profit down 10% in H2 due to N. America strikes

Stellantis said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's

Stellantis operating profit down 10% in H2 due to N. America strikes
Business|Finance|Stock Markets|US

Illumina, already facing pressure from Icahn, saw other activists at year end

Gene-sequencing company Illumina, which was pushed to make changes by Carl Icahn last year, had two additional activist investors in its stock at the end of

Illumina, already facing pressure from Icahn, saw other activists at year end
Business|Europe|Technology

Exclusive-TIM rivals flag competition risks over network spin-off in letter to Rome govt

Telecom Italia's (TIM) competitors have written to the Italian government to voice concerns about the risk that a planned spin-off of the former phone monopoly's network assets

Exclusive-TIM rivals flag competition risks over network spin-off in letter to Rome govt
Business|Europe

Amid Rome spat, Stellantis CEO says Italy plants have a future

Stellantis CEO Carlos Tavares said on Thursday the carmaker will need all of its Italian factories to hit its long-term production goal there, in conciliatory

Amid Rome spat, Stellantis CEO says Italy plants have a future
Business|Technology

AI adoption increasing sales in telecoms sector, Nvidia report shows

Using artificial intelligence has already increased sales for around two thirds of the telecoms professionals surveyed for technology giant Nvidia.

AI adoption increasing sales in telecoms sector, Nvidia report shows
Business|Economy|Finance|Technology

Visa halts intermediated commercial card payments in India following RBI order

Visa on Wednesday said it received directions from the Indian central bank to halt all transactions for business payment solution providers (BPSPs) in commercial and business

Visa halts intermediated commercial card payments in India following RBI order
Business|Finance|Technology

Musk, Tesla shareholder to propose a stay of pay ruling during appeal - court filing

Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56 billion pay package will ask a judge to pause her ruling until an appeal is

Musk, Tesla shareholder to propose a stay of pay ruling during appeal - court filing
Business|Finance|Technology|US

Lyft rises as cost cuts to drive positive free cash flow in 2024

Lyft shares surged more than 21% on Wednesday before the bell after the ride-hailing company said cost cuts would help it generate positive free cash flow for the first time

Lyft rises as cost cuts to drive positive free cash flow in 2024
Business|Technology|US

Companies need guardrails, especially if using AI, US SEC chair says

Companies need to ensure they are disclosing accurate information, especially if they are using artificial intelligence, the head of the U.S.

Companies need guardrails, especially if using AI, US SEC chair says
Business|Economy|Finance

Citi may need to refocus on regulatory fixes amid restructuring, analysts say

Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.

Citi may need to refocus on regulatory fixes amid restructuring, analysts say
Business|Finance|Stock Markets|US

Burry's Scion bets on Warner Brother Discovery, restaurant firms - filings

Hedge fund manager Michael Burry, known for his prescient calls ahead of the 2008 U.S. housing market crash, picked up shares of Warner Brothers Discovery in the

Burry's Scion bets on Warner Brother Discovery, restaurant firms - filings
Business|Finance

Boeing to stabilize 737 production later this year, CFO says

Boeing Chief Financial Officer Brian West said Tuesday the company will move to a steady 737 production rate of 38 aircraft per month in the second half of 2024 after slowing

Boeing to stabilize 737 production later this year, CFO says
Business|Entertainment|Finance|US

Billionaire Peltz's Trian criticizes Disney's investment plans in letter to investors

Billionaire Nelson Peltz's Trian Fund Management criticized Walt Disney's investment plans, calling it a "spaghetti against the wall plan", in a letter sent to the entertainment and media

Billionaire Peltz's Trian criticizes Disney's investment plans in letter to investors
Business|Finance|Stock Markets|US

Berkshire sheds some holdings, mum on new investment

Berkshire Hathaway on Wednesday said it has shed three of its common stock holdings, as the conglomerate controlled by Warren Buffett remained silent on what could be a major new

Berkshire sheds some holdings, mum on new investment
Business|Finance|Stock Markets|US|World

Nasdaq signs technical assistance agreement with Ukraine - USAID

Exchange operator Nasdaq has signed a partnership agreement with the Ukrainian government aimed at supporting the development of Ukrainian capital markets, the U.S.

Nasdaq signs technical assistance agreement with Ukraine - USAID
Business|Finance|News|Stock Markets|US

Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal

Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller's report was "false and misleading"

Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal
Business|Entertainment

Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court

Warren Buffett is taking on Build-A-Bear.

Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court
Business|Economy|Finance|News|Stock Markets|US

Diamondback Energy to buy Endeavor Energy in $26 billion deal

Diamondback Energy on Monday decided to buy the largest privately held oil and gas producer in the Permian basin, Endeavor Energy Partners, in a cash-and-stock deal for about $26 billion,

Diamondback Energy to buy Endeavor Energy in $26 billion deal
Business|Finance|Stock Markets|US

Diamondback Energy, Endeavor Energy near $25 billion merger, sources say

U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas

Diamondback Energy, Endeavor Energy near $25 billion merger, sources say
Business|Finance|Stock Markets|US

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG

With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG
Business|Finance|Stock Markets

NYCB shares struggle to gain after selloff over CRE exposure worries

New York Community Bancorp shares swayed between gains and losses in early trading on Friday, reeling under credit-rating cuts over its exposure to the troubled commercial real estate (CRE

NYCB shares struggle to gain after selloff over CRE exposure worries
Business|Finance|Stock Markets|Technology

Japan chipmaker Kioxia reports $434 million Q3 loss

Bain Capital-backed chipmaker Kioxia on Friday reported a narrower third-quarter operating loss of 65 billion yen ($434.70 million) sequentially, saying selling prices

Japan chipmaker Kioxia reports $434 million Q3 loss
Uncategorized

Hyundai appoints JPMorgan, Citi for $3 billion India IPO - sources

By M.

Hyundai appoints JPMorgan, Citi for $3 billion India IPO - sources
Australia|Business|Finance

Blackstone-owned Crown clears CEO over claims alleging law breaches

Blackstone-owned owned Crown Resorts has cleared its CEO after investigating an allegation that the company chief had overruled the Australian casino operator's security officers over

Blackstone-owned Crown clears CEO over claims alleging law breaches
Business|Technology|US

Analysis-Boeing strikes conciliatory tone with suppliers amid 737 MAX crisis

Boeing executives extended an olive branch to the company's strained supply chain this week to help them deal with the fallout of the latest 737 MAX crisis, but

Analysis-Boeing strikes conciliatory tone with suppliers amid 737 MAX crisis
Business|Economy|News|US

US wholesale inventories rebound in December

U.S. wholesale inventories rebounded in December, the government confirmed on Thursday, boosted by a surge in motor vehicle stocks.

US wholesale inventories rebound in December
Asia|Business|Travel

Thai Airways orders 45 Boeing 787s plus options -sources

Thai Airways has placed a firm order for 45 Boeing 787 jets, with options potentially boosting the size of the deal to around 80 aircraft as it serves rising international travel demand,

Thai Airways orders 45 Boeing 787s plus options -sources
Business|Finance|Stock Markets

L'Oreal Q4 sales up 6.9% despite decline in North Asia

Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel

L'Oreal Q4 sales up 6.9% despite decline in North Asia
Business|Finance|US

Harley-Davidson quarterly profit falls on slowing demand

Harley-Davidson reported a 38% fall in fourth-quarter profit on Thursday, hurt by slowing demand for motorcycles in North America as consumers cut back spending on pricier leisure

Harley-Davidson quarterly profit falls on slowing demand
Business|Finance|MidEast|News|US

Exclusive-Apollo in talks for AlShaya Starbucks franchise, sources say

U.S private equity firm Apollo Global Management Inc is in talks to buy a minority stake in the Middle East,

Exclusive-Apollo in talks for AlShaya Starbucks franchise, sources say
Business|Economy|Finance

Employer deals earn BofA more than $10 billion in deposits, investments

Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial

Employer deals earn BofA more than $10 billion in deposits, investments
Business|Sports

Emirates airline announces sponsorship deal with NBA

Emirates airline has forged a multi-year sponsorship deal with America's NBA basketball league, it said on Thursday, as the carrier seeks to raise its profile in

Emirates airline announces sponsorship deal with NBA
Business

Boeing 'undoubtedly' making progress on quality issues, Avolon CEO says

Boeing is "undoubtedly" making significant progress in getting on top of quality issues, the head of Avolon, the world's second largest aircraft leasing firm and a

Boeing 'undoubtedly' making progress on quality issues, Avolon CEO says
Business|Finance|Health|Stock Markets|US

Walgreens Boots pockets $992 million after cutting Cencora stake for third time

U.S. drugstore chain Walgreens Boots Alliance on Wednesday said it has cut its stake in pharmaceutical distributor Cencora for the third time in just over six months, pocketing about $992

Walgreens Boots pockets $992 million after cutting Cencora stake for third time
Business|Health|US

UnitedHealth's chief operating officer Dirk McMahon to retire

UnitedHealth's president and chief operating officer, Dirk McMahon, will retire after serving for more than 20 years in the company, the health insurer said on Wednesday.

UnitedHealth's chief operating officer Dirk McMahon to retire
Business|Finance|Stock Markets|Technology|US

Uber expects strong core profit as ride share, food delivery demand accelerates

Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its

Uber expects strong core profit as ride share, food delivery demand accelerates
Business|Technology|US

Tesla asks which jobs are critical, stoking layoff fears- Bloomberg

Tesla managers have been asked whether each of their employees' positions were critical, stoking layoff fears in the company, Bloomberg News reported on Wednesday.

Tesla asks which jobs are critical, stoking layoff fears- Bloomberg
Business|News|Technology|US

Ryanair CEO: Boeing quality is a concern, further delays possible

Ryanair is concerned by shortcomings identified by U.S. regulators in a report into the Alaska Airlines 737 MAX 9 accident, and increased regulatory

Ryanair CEO: Boeing quality is a concern, further delays possible
Business

Microsoft launches Copilot internally to boost AI adoption by developers - Business Insider

Microsoft is launching Microsoft 365 Copilot tool for employees as it looks to get more developers to use artificial intelligence, Business Insider reported on Wednesday.

Microsoft launches Copilot internally to boost AI adoption by developers - Business Insider
Business|Economy|Food|Technology

'Long and tedious journey': companies sour on China outlook

Some of the world's top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about

'Long and tedious journey': companies sour on China outlook
Business|Finance|Stock Markets|US

Investor Ackman's Pershing Square launches new fund aimed at US retail investors

Billionaire investor William Ackman is offering a new hedge fund to U.S.-based retail investors, allowing Main Street to tap into his double digit performance gains previously

Investor Ackman's Pershing Square launches new fund aimed at US retail investors
Business|Finance

Bottler Coca-Cola HBC names insider Stamoulis as CFO

Bottling firm Coca-Cola HBC on Wednesday named company veteran Anastasis Stamoulis as its chief financial officer, succeeding Ben Almanzar who would step down from the role in the second

Bottler Coca-Cola HBC names insider Stamoulis as CFO
Americas|Business|Finance

Analysis-Diageo turnaround plan soothes investors but some doubts remain

Diageo's attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world's top spirits maker can revive its

Analysis-Diageo turnaround plan soothes investors but some doubts remain
Business|News|Technology

Aircraft lessor DAE expects further Boeing delays

A production cap and recent incidents with Boeing's 737 MAX aircraft will "undoubtedly" impede the planemaker's ability to catch up on already delayed delivery commitments, lessor Dubai

Aircraft lessor DAE expects further Boeing delays
Business|Economy|Finance|Technology

Airbus confirms 30 January deliveries, posts 31 orders

Europe's Airbus confirmed on Wednesday it had delivered 30 jets in January, up 50% from the same month last year, and reported 31 new orders.

Airbus confirms 30 January deliveries, posts 31 orders
Business|Finance|Stock Markets

Ackman exits Lowe's after bet earned $1.3 billion for Pershing Square funds

Hedge fund manager William Ackman exited his position in Lowe's after the home improvement retailer earned more than $1 billion in profits for Pershing Square Capital Management's

Ackman exits Lowe's after bet earned $1.3 billion for Pershing Square funds
Business|Health|Lifestyle|US

NFL-Employers bracing for a breakout of Super flu on Monday

Businesses across the United States are bracing for an outbreak of the Super flu next Monday when over 16 million Americans are expected to phone in sick after

NFL-Employers bracing for a breakout of Super flu on Monday
Business|Finance|US

KKR beats estimates with 4% rise in Q4 earnings

Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition

KKR beats estimates with 4% rise in Q4 earnings
Business|Economy|Finance|News|Stock Markets|US

DuPont beats fourth-quarter profit estimates

DuPont de Nemours beat Wall Street estimates for fourth-quarter profit on Tuesday, as the chemicals maker benefited from cost-cutting measures.

DuPont beats fourth-quarter profit estimates
Business|Economy|Finance

Company auditors face more rigorous role in spotting fraud - global body

Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals on Tuesday.

Company auditors face more rigorous role in spotting fraud - global body
Business|Economy|Finance|News

Canada's Ivey PMI rises to 9-month high in January

Canadian economic activity expanded at its fastest pace in nine months in January, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.

Canada's Ivey PMI rises to 9-month high in January
Business|Europe|Technology

SAP removes Tesla from list of company car suppliers -Handelsblatt

German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.

SAP removes Tesla from list of company car suppliers -Handelsblatt
Business|Technology

Alphabet is seeking outside investment for its GFiber internet business

Alphabet plans to seek external investment for GFiber, its business selling Wi-Fi and internet connectivity in parts of the United States, the company told

Alphabet is seeking outside investment for its GFiber internet business
Business|Economy|Finance|News|US

US factory orders rise moderately in December

New orders for U.S.-made goods rose just moderately in December, but a pick up is likely in the months ahead as unfilled orders continued to pile up.

US factory orders rise moderately in December
Business|Finance|Stock Markets|US

Fourth-quarter US earnings estimate improving quickly

The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts' expectations including ones this week from Meta Platforms and

Fourth-quarter US earnings estimate improving quickly
Business|Technology|US

Exclusive-Boeing delays some 737 MAX deliveries after new quality defect

Boeing Co said on Sunday it will have to perform rework on about 50 undelivered 737 MAX airplanes, potentially delaying near-term deliveries, after its supplier Spirit AeroSystems

Exclusive-Boeing delays some 737 MAX deliveries after new quality defect
Business|Health|US

Abbott Labs must face lawsuit over PediaSure height claims

A judge has rejected Abbott Laboratories' effort to dismiss a New York City grandmother's lawsuit claiming it misled consumers into believing its PediaSure

Abbott Labs must face lawsuit over PediaSure height claims
Business|Finance|News|US

US court sets expedited schedule for JetBlue, Spirit merger rejection appeal

A U.S. appeals court on Friday set an expedited schedule for the JetBlue Airways and Spirit Airlines appeal aimed at reversing a lower court ruling that blocked their $3.8 billion merger.

US court sets expedited schedule for JetBlue, Spirit merger rejection appeal
Arts|Business|Celebrity|Entertainment|News

Mercuriadis bows out as Hipgnosis Songs Management CEO, to become chair

Music industry veteran Merck Mercuriadis has stepped down as the CEO of Hipgnosis Songs Management (HSM), the artist management firm he founded, in a move that could help improve relations

Mercuriadis bows out as Hipgnosis Songs Management CEO, to become chair
Business|Finance|Stock Markets|US

January saw record US leveraged loan issuance - JPMorgan

This January broke a record in gross U.S. institutional leveraged loan issuance, as companies took advantage of a decline in borrowing costs, according to a Thursday report

January saw record US leveraged loan issuance - JPMorgan
Business|Finance|Health|Stock Markets|US

Bristol Myers posts better-than-expected 4th-quarter results

Drugmaker Bristol Myers Squibb on Friday posted better-than-expected results for the fourth quarter as sales of its new anemia drug Reblozyl and its already off patent

Bristol Myers posts better-than-expected 4th-quarter results
Business|Finance|Technology

Analysis-Volvo's Polestar troubles signal 'shakeout time' for EV industry

The shakeout in the global electric-vehicle industry is picking up speed.

Analysis-Volvo's Polestar troubles signal 'shakeout time' for EV industry
Business|Finance|Technology

Activist investor Elliott gains seat at Etsy, has 13% economic stake in company

Elliott Investment Management reached a settlement with online market place Etsy that hands a board seat to the activist investment firm, the two sides said on Thursday.

Activist investor Elliott gains seat at Etsy, has 13% economic stake in company
Business|Economy|News|US

Walmart to open more than 150 stores in US

Walmart said on Wednesday it was planning to open more than 150 stores over the next five years, as it invests heavily in its operations to stay competitive in a fast-changing retail

Walmart to open more than 150 stores in US
News|US

US House set to vote on $78 billion child, business tax breaks bill

The U.S.

US House set to vote on $78 billion child, business tax breaks bill
Business|Economy|Entertainment|Finance|Stock Markets|US

Peltz's Trian wants Disney shareholders to reject two board directors at AGM

Nelson Peltz's Trian Fund Management has urged Walt Disney shareholders not to re-elect two board directors at the media conglomerate's annual general meeting, according to a proxy filing

Peltz's Trian wants Disney shareholders to reject two board directors at AGM
Business|Economy|Finance|US

Moody's puts New York Community Bancorp on review for downgrade

Ratings agency Moody's on Wednesday placed all long-term and short-term ratings and assessments of New York Community Bancorp and its subsidiary, Flagstar Bank, on review for a downgrade.

Moody's puts New York Community Bancorp on review for downgrade
Business|Finance|US

Factbox-New York Community Bank's path to $100 billion club and share slide

Nearly a year ago, New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank, helping secure a spot in the list of

Factbox-New York Community Bank's path to $100 billion club and share slide
Business|Entertainment|Technology

Byron Allen seeks television assets in Paramount bid - sources

Media mogul Byron Allen is focused on acquiring Paramount Global's television networks and stations, people familiar with the matter said on Wednesday, as part of a $14

Byron Allen seeks television assets in Paramount bid - sources
Business|Technology|US

Boeing CEO says door plug issue under control, apologizes to United's Kirby

Boeing Co CEO Dave Calhoun said on Wednesday he was convinced that the door plug issue that has sparked a safety and quality crisis at the planemaker was "completely under control."

Boeing CEO says door plug issue under control, apologizes to United's Kirby
Americas|Business|News|Technology

Argentina's Milei seeks Tinder hook-up with global Big Tech

Argentina's libertarian President Javier Milei is seeking a hook-up through Tinder: with global Big Tech.

Argentina's Milei seeks Tinder hook-up with global Big Tech
Business|Finance|US

Ancora-led group takes $1 billion stake in Norfolk Southern in bid to oust CEO - WSJ

An Ancora Holdings-led investor group has taken a roughly $1 billion stake in Norfolk Southern and nominated a majority slate of directors to the railroad operator's board in a bid to oust

Ancora-led group takes $1 billion stake in Norfolk Southern in bid to oust CEO - WSJ
Uncategorized

ADM closes on flavor company purchase amid accounting probe

By P.J.

ADM closes on flavor company purchase amid accounting probe
Business|Technology|US

Southwest Airlines not looking to shift to Airbus aircraft, still want Boeing MAX 7s

Southwest Airlines has no plans to diversify its fleet towards Airbus aircraft and still wants to eventually take delivery of the Boeing 737 MAX 7 planes it has ordered, Vice

Southwest Airlines not looking to shift to Airbus aircraft, still want Boeing MAX 7s
Business|Technology

Ryanair will take as many Boeing MAX 10s as it can get, says CEO

Ryanair will take as many Boeing MAX 10 aircraft as it can get, the airline's CEO told Reuters on Tuesday, reiterating his confidence in the U.S. planemaker.

Ryanair will take as many Boeing MAX 10s as it can get, says CEO
Business|Entertainment|Finance|Stock Markets|Technology

Byron Allen submits $30 billion offer for Paramount Global, including debt

Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday.

Byron Allen submits $30 billion offer for Paramount Global, including debt
Business|Finance|Sports|US

Amer Sports' China reliance weighs on 2024's first big IPO -sources

Amer Sports' growing reliance on China for its revenue is weighing on the appetite of those considering buying into the sporting equipment maker's $1.8 billion U.S.

Amer Sports' China reliance weighs on 2024's first big IPO -sources
Business|Finance|Stock Markets|Technology

Supermicro shares jump after revenue forecast raise re-ignites AI rally

Super Micro Computer shares rose nearly 11% before the bell on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue

Supermicro shares jump after revenue forecast raise re-ignites AI rally
Business|Europe|Finance

Signa Holding faces claims of $9 billion - insolvency manager

The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% more

Signa Holding faces claims of $9 billion - insolvency manager
Business|Technology|Travel|US

Ryanair sees Boeing MAX 10 flying in first quarter of 2025

Major Boeing customer Ryanair said on Monday it was hopeful the 737 MAX 10 would be certified before the end of the year and flying at the start of 2025.

Ryanair sees Boeing MAX 10 flying in first quarter of 2025
Business|News|Technology|US

New York state comptroller asks Boeing CEO to explain handling of MAX 9 fallout -letter

New York State's comptroller has asked Boeing CEO Dave Calhoun to explain how it is handling its current crisis in the wake of a door plug blowout on its 737 MAX 9 aircraft,

New York state comptroller asks Boeing CEO to explain handling of MAX 9 fallout -letter
US

Lawmakers want US to probe four Chinese firms involved in Ford battery plant -- letter

The chairs of two U.S.

Lawmakers want US to probe four Chinese firms involved in Ford battery plant -- letter
Asia|Business|Finance

Japan's 3 megabanks to loan Nippon Steel $16 billion for U.S. Steel acquisition -Bloomberg

Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group will lend Nippon Steel a combined $16 billion for its planned acquisition of U.S.

Japan's 3 megabanks to loan Nippon Steel $16 billion for U.S. Steel acquisition -Bloomberg
Business|Economy|Finance|Technology

Industry pain abounds as electric car demand hits slowdown

While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies,

Industry pain abounds as electric car demand hits slowdown
Business|Economy|Finance|Stock Markets

ICE global and commodities derivatives open interest hits record high

Intercontinental Exchange said on Monday that its global futures and options markets along with its derivatives in the commodities and energy segments logged all-time high open interest

ICE global and commodities derivatives open interest hits record high
Business|Europe|Finance|Stock Markets

Holcim shares surge after investors welcome move to spin off N.American business

Holcim shares were the best performers in Europe on Monday after investors welcomed the building material giant's plan to separate its North American business and list it on the New

Holcim shares surge after investors welcome move to spin off N.American business
Business|Technology

AerCap CEO dismisses calls for Boeing leadership changes

The head of the world's largest aircraft lessor AerCap dismissed calls for leadership changes at Boeing and said the planemaker is under no illusion about what needs

AerCap CEO dismisses calls for Boeing leadership changes
Business|Finance|Stock Markets|US

Switzerland's Holcim to spin off North American business, picks new CEO

Holcim will spin off its North American business, which it plans to list in the United States in the first half of 2025, the building materials giant said on Sunday, adding that it

Switzerland's Holcim to spin off North American business, picks new CEO
Business|Europe|Technology

Spotify says Apple's plan to comply with EU regulation 'farce'

Spotify said on Friday that Apple's new plan to comply with the European Union's Digital Markets Act (DMA) is "a complete and total farce."

Spotify says Apple's plan to comply with EU regulation 'farce'
News|US

False 'Made in USA' claims lead to $2 million penalty against Kubota -FTC

The U.S.

False 'Made in USA' claims lead to $2 million penalty against Kubota -FTC
Business|Technology|US

Alaska Airlines completes inspections on first group of Boeing 737 MAX 9 aircraft

Alaska Airlines on Friday said it has completed inspections on the first group of its Boeing 737 MAX 9 aircraft, clearing the carrier to put the MAX 9 back in service after an in-flight

Alaska Airlines completes inspections on first group of Boeing 737 MAX 9 aircraft
Business|Finance|Technology

Western Digital Corp posts wider Q2 loss, sees impact of structural changes

Data storage products maker Western Digital Corp posted a wider-than-expected quarterly adjusted loss on Thursday, due to the impact of structural changes the company implemented in its

Western Digital Corp posts wider Q2 loss, sees impact of structural changes
Business|Finance|News

Union Pacific beats Q4 profit estimates on strong pricing, volume gains

Railroad operator Union Pacific beat estimates for fourth-quarter profit on Thursday on price hikes and volume gains.

Union Pacific beats Q4 profit estimates on strong pricing, volume gains
Business|Finance|US

Small Boeing suppliers lament new turmoil around 737 planes

Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make

Small Boeing suppliers lament new turmoil around 737 planes
Business|Finance|Technology

PayPal to launch AI-based products as new CEO aims to revive share price

PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject

PayPal to launch AI-based products as new CEO aims to revive share price
Business|News|Technology|US

Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion

Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding

Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion
Business|Economy|Finance|US

US business activity picks up in January; inflation cooling - S&P Global survey

U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest level in more

US business activity picks up in January; inflation cooling - S&P Global survey
Business|Technology|US

Southwest Airlines removes MAX 7 from 2024 plans, cuts delivery forecast from Boeing

Southwest Airlines said on Thursday it was expecting to take fewer deliveries of Boeing's 737 MAX aircraft and it had left out the MAX 7 model, which is mired in

Southwest Airlines removes MAX 7 from 2024 plans, cuts delivery forecast from Boeing
Asia|Business|Economy|Travel

Japan business leaders return to China seeking to bolster cooperation

An unusually large delegation of about 200 Japanese business leaders arrived in China this week to bolster economic relations in the first such visit in more than four years and in

Japan business leaders return to China seeking to bolster cooperation
Business|Economy|Finance|Stock Markets|Technology

Futures stall ahead of economic data; Tesla slides on growth warning

Futures tracking the S&P 500 and the Nasdaq were subdued on Thursday, as investors paused after a technology-fueled Wall Street rally to size up a slew of key economic data, while Tesla

Futures stall ahead of economic data; Tesla slides on growth warning
Business|Economy|Finance|US

Fed to allow emergency bank lending program expire on March 11

The Federal Reserve announced on Wednesday that it will allow its Bank Term Funding Program to expire as scheduled on March 11, as it wraps up a lifeline program created for banks during

Fed to allow emergency bank lending program expire on March 11
Business|Finance

Dow beats fourth-quarter profit estimates

Chemicals maker Dow beat Wall Street estimates for fourth-quarter profit on Thursday, helped by a pick-up in product sales volumes.

Dow beats fourth-quarter profit estimates
Asia|Business|News|Technology|US

China says Boeing has permission to resume 737 MAX 8 deliveries

China said on Thursday it has given Boeing permission to resume deliveries of its 737 MAX 8 to local customers, ending an import freeze on the U.S

China says Boeing has permission to resume 737 MAX 8 deliveries
Business|Finance|Technology

Electric van maker Arrival inches closer to insolvency - Sky News

British electric vehicle company Arrival is heading closer to insolvency after lining up a new set of advisers to oversee contingency planning, Sky News reported on Monday.

Electric van maker Arrival inches closer to insolvency - Sky News
Business|Finance|US

Choice Hotels nominates board directors in hostile Wyndham bid-sources

Choice Hotels International pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directors to replace

Choice Hotels nominates board directors in hostile Wyndham bid-sources
Business|Finance|Stock Markets|Technology|US

Amer Sports targets up to $8.7 billion valuation in US IPO

Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, said on Monday it was targeting a valuation of up to $8.7 billion in its U.S. initial public offering.

Amer Sports targets up to $8.7 billion valuation in US IPO
Business|Economy|Finance|US

US banks warn costly deposits to weaken interest income in 2024

Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.

US banks warn costly deposits to weaken interest income in 2024
Science|Technology

Safran tests radical jet engine design in historic wind tunnel

French engine maker Safran said on Friday it had begun wind-tunnel tests for its "RISE" technology project, a radical jet engine design for the next generation of medium-

Safran tests radical jet engine design in historic wind tunnel
Business|Finance

Goldman Sachs names Viniar as lead director succeeding Ogunlesi

Goldman Sachs' board named David Viniar as its next independent lead director, succeeding Adebayo Ogunlesi when he retires at the bank's next annual meeting in

Goldman Sachs names Viniar as lead director succeeding Ogunlesi
Business|Finance

Blackwells Capital solicits support for its Disney board nominees

Activist hedge fund Blackwells Capital solicited support for its three nominees to Walt Disney's board of directors in a preliminary proxy filing on Friday, saying each

Blackwells Capital solicits support for its Disney board nominees
Business|Economy|News|Political

Biden administration taking heat from all sides over Louisiana LNG project

The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with

Biden administration taking heat from all sides over Louisiana LNG project
Business|Finance|Technology

AI startup Cohere in talks to raise roughly $500mln to $1bln - source

Cohere, a Toronto-based startup developing artificial intelligence for businesses, is in discussions with investors to raise capital in the ballpark of $500 million to $

AI startup Cohere in talks to raise roughly $500mln to $1bln - source
Asia|Business|Technology

Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up

Vietnamese electric vehicle (EV) maker VinFast on Thursday said it delivered nearly 35,000 cars in 2023, below its target of at least 40,000 units, blaming slow EV adoption in some

Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up
Business|Finance|News|US

US LNG feedgas cut by Arctic freeze, problems at Freeport LNG

The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the

US LNG feedgas cut by Arctic freeze, problems at Freeport LNG
Business|Finance|Stock Markets|US

S&P 500, Nasdaq climb as chips, megacaps jump

The benchmark S&P 500 and the Nasdaq jumped on Thursday after recent losses, boosted by chip and megacap stocks, with investors scouting for clues on

S&P 500, Nasdaq climb as chips, megacaps jump
Business|Economy|Finance

Boeing bags 150 MAX planes order from India's Akasa Air

India's Akasa Air on Thursday announced an order for 150 Boeing 737 MAX narrowbody planes for expanding its domestic and international operations, as the budget carrier tries to

Boeing bags 150 MAX planes order from India's Akasa Air
Business|Finance|Technology

Verizon to incur $5.8 billion impairment charge in fourth quarter

Verizon Communications said on Wednesday that it would record a non-cash goodwill impairment charge of about $5.8 billion in the fourth quarter.

Verizon to incur $5.8 billion impairment charge in fourth quarter
Business|Economy|Finance|News|Stock Markets|US

US business inventories fall in November

U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from

US business inventories fall in November
Business|Economy|Finance|Technology

US tops public distrust in innovation on eve of Davos -Edelman

Business and governments are doing a poor job of managing and regulating new technologies, a survey of people ahead of this week's World Economic Forum's

US tops public distrust in innovation on eve of Davos -Edelman
Business|Technology

Ryanair expects Boeing MAX 10 to be certified by Q4

Ryanair expects Boeing's 737 MAX 10 jet to be certified by the fourth quarter of 2024, Group Chief Executive Michael O'Leary said on Tuesday.

Ryanair expects Boeing MAX 10 to be certified by Q4
Business|Economy|Finance

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

Global executives are increasingly worried about the long term viability of their businesses, a PricewaterhouseCoopers pre-Davos

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise
Business|News|Technology

Boeing 737 MAX deliveries to China face fresh delay after Alaska incident -WSJ

Boeing faces a fresh delay in the resumption of deliveries of 737 MAX jets to China after the mid-air blowout of a panel on an Alaska Airlines MAX 9 this month, the Wall Street Journal

Boeing 737 MAX deliveries to China face fresh delay after Alaska incident -WSJ
Business|Economy|Finance|Technology

China's BYD in talks with Brazil's Sigma Lithium on supply deal -FT

Chinese electric car-maker BYD has held talks with Brazil's Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.

China's BYD in talks with Brazil's Sigma Lithium on supply deal -FT
Business|Economy|Finance

Bank of America profit falls on $3.7 billion in charges

Bank of America's fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.

Bank of America profit falls on $3.7 billion in charges
Business|Finance|Stock Markets|US

Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News

The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger's near-$25 billion acquisition of Albertsons, Bloomberg News reported on Thursday,

Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News
Business

UK to make Big Tech give rivals access to data under new plans

Britain's competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their own products under new powers it is due

UK to make Big Tech give rivals access to data under new plans
Business|Finance

Sunoco to sell 204 stores to 7-Eleven for $1.0 billion

Sunoco LP said on Thursday it has agreed to sell 204 convenience stores in West Texas, New Mexico and Oklahoma to 7-Eleven Inc for about $1.0 billion.

Sunoco to sell 204 stores to 7-Eleven for $1.0 billion
Business|Finance|News|Stock Markets

Homebuilder Smith Douglas valued at $1.21 billion in strong debut

Smith Douglas Homes notched a valuation of $1.21 billion in its market debut on Thursday, after the homebuilder's shares rose 11.9% at open on the New York Stock Exchange.

Homebuilder Smith Douglas valued at $1.21 billion in strong debut
Business|Entertainment|Finance

Skydance Media CEO exploring all-cash bid to take control of Paramount - WSJ

Skydance Media CEO David Ellison is exploring an all-cash bid to acquire entertainment giant Paramount Global's parent National Amusements, the Wall Street Journal said in a report on

Skydance Media CEO exploring all-cash bid to take control of Paramount - WSJ
Business|Finance|News|Stock Markets|US

Stocks rise as megacaps lead; inflation data, earnings eyed

U.S. stocks rose on Wednesday, building steam on strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the

Stocks rise as megacaps lead; inflation data, earnings eyed
Business|News|Travel

Ryanair passengers have shown no concern over Boeing jets, says CEO

Ryanair passengers have not shown any concern about flying on Boeing 737 aircraft since the grounding of some 737 MAX jets after a cabin panel blowout on an Alaska

Ryanair passengers have shown no concern over Boeing jets, says CEO
Business|Finance|Stock Markets|US

Morgan Stanley promotes 155 employees to managing director: source

Morgan Stanley promoted 155 employees to managing director this year, fewer than its 2023 cohort of 184, said a person familiar with the

Morgan Stanley promotes 155 employees to managing director: source
Business|Europe|Finance|Technology

Commerzbank enters joint venture with Global Payments

German lender Commerzbank and U.S. company Global Payments announced on Thursday a joint venture to offer digital payment services to small- and medium-sized business customers across

Commerzbank enters joint venture with Global Payments
Business|Economy|Finance|Stock Markets|US

Chesapeake to buy Southwestern Energy in $7.4 billion deal

Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, enabling the second-largest U.S. natural gas producer

Chesapeake to buy Southwestern Energy in $7.4 billion deal
Business|Europe|News|Technology|Travel

Ryanair expects to be 5-10 new aircraft short this summer -FT

Ryanair expects to be five to ten aircraft short for its peak 2024 summer season due to Boeing delivery delays, likely forcing it to revise down its traffic growth, Chief Executive

Ryanair expects to be 5-10 new aircraft short this summer -FT
Business|Economy|Finance|World

OECD sees global minimum tax reshaping investment flows

The introduction this year of a global minimum corporate tax will reshape the flow of multinationals' foreign investments as the benefits from booking profits in tax havens disappear

OECD sees global minimum tax reshaping investment flows
Business|News|Technology|US

New US FAA administrator to testify before Congress

The new head of the Federal Aviation Administration is set to appear next month before Congress as the agency faces new questions on its oversight of planemaker Boeing following

New US FAA administrator to testify before Congress
Business|News|Technology

Canada, Honda representatives to meet about potential EV plant -govt source

Canadian officials are meeting with representatives of Honda Motor Co this week, a government source said, following a news report from Sunday that said the carmaker was considering

Canada, Honda representatives to meet about potential EV plant -govt source
Business|Economy|Finance

Bank of America to take non-cash charge of $1.6 billion in Q4 after cessation of a loan index

Bank of America will take a charge of about $1.6 billion in the fourth quarter as it phases out the use of a Bloomberg interest rate benchmark.

Bank of America to take non-cash charge of $1.6 billion in Q4 after cessation of a loan index
Asia|Business|Finance|US

Nippon Steel confident of completing US Steel acquisition

Japan's top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S.

Nippon Steel confident of completing US Steel acquisition
Business|Finance|Health

Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference

Healthcare dealmakers are making their way to San Francisco for a major industry

Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference
Economy|Finance|US

Global money market funds see big demand as rate cut euphoria fades

Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence expectations of

Global money market funds see big demand as rate cut euphoria fades
Business|Economy|Europe

France's Leclerc backs Carrefour in pressuring food producers

The chairman of France's biggest supermarket chain E.

France's Leclerc backs Carrefour in pressuring food producers
Business|Economy|Europe

Carrefour drops Pepsico for now but will it make a difference?

Carrefour says it has ditched Pepsico products in four European countries for taking price hikes too far, but the negotiation tactic may have little impact given the

Carrefour drops Pepsico for now but will it make a difference?
Business|Finance

BlackRock appoints Hua Fan as head of China, succeeding Tony Tang -sources

BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the

BlackRock appoints Hua Fan as head of China, succeeding Tony Tang -sources
Business|Technology|US

RTX appoints insider Phil Jasper as Raytheon president

U.S. aerospace and defense company RTX said on Thursday industry veteran Phil Jasper will become president of its Raytheon unit after Wesley Kremer retires at the end of the first quarter.

RTX appoints insider Phil Jasper as Raytheon president
Business|Finance|Stock Markets

Dow ends higher on financials, strong jobs data

The Dow Jones Industrial closed up on Thursday, as financial stocks and strong jobs data prompted investors to delay estimates of when interest-rate cuts could begin.

Dow ends higher on financials, strong jobs data
Business|Economy|US

US manufacturing sector eyes recovery in December - ISM

U.S. manufacturing contracted further in December, though the pace of decline slowed amid a modest rebound in production and improvement in factory employment.

US manufacturing sector eyes recovery in December - ISM
Business|Finance

Intel spins out AI software firm with backing from DigitalBridge

Intel on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager

Intel spins out AI software firm with backing from DigitalBridge
Business|Finance|Stock Markets|US

Homebuilder Smith Douglas seeks over $1 billion valuation in US IPO

Smith Douglas Homes is seeking a valuation of $1.08 billion in its U.S. initial public offering, the homebuilder said in a regulatory filing on Wednesday.

Homebuilder Smith Douglas seeks over $1 billion valuation in US IPO
Economy|Finance

Saudi sovereign wealth fund splashes cash in 2023 - report shows

Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report

Saudi sovereign wealth fund splashes cash in 2023 - report shows
Business|Finance|Technology

OpenAI annualized revenue tops $1.6 billion- The Information

OpenAI's annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday citing

OpenAI annualized revenue tops $1.6 billion- The Information
Business|Finance

LNG developer Tellurian hires financial advisor -Chairman Martin Houston

Struggling liquefied natural gas (LNG) developer Tellurian on Thursday said it has hired a financial advisor to assist in balance sheet management.

LNG developer Tellurian hires financial advisor -Chairman Martin Houston
Business|Economy|Finance|US

Egg producer Cal-Maine to buy Tyson's chicken plant in Missouri

Egg producer Cal-Maine Foods said on Friday it had agreed to acquire a recently shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods.

Egg producer Cal-Maine to buy Tyson's chicken plant in Missouri
Asia|Business|Finance|Technology

Toyota's global output surges to record in November on strong demand

Toyota Motor's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and

Toyota's global output surges to record in November on strong demand
Business|Economy|Finance|Stock Markets|US

Big oil enters 2024 strengthened by U.S. industry consolidation

The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare

Big oil enters 2024 strengthened by U.S. industry consolidation
Business|Finance|Technology

Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end - report

Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported on Tuesday, citing two

Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end - report
Business|Finance|US

Paychex's quarterly revenue growth slows on weak client spending

Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of hiring, sending

Paychex's quarterly revenue growth slows on weak client spending
Business|Economy|Finance

Dealmakers see rebound after global M&A volumes hit decade-low

Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an economic slowdown

Dealmakers see rebound after global M&A volumes hit decade-low
Asia|Business|News|Technology|US

Boeing wins key clearance from China's aviation regulator on 737 Max deliveries - report

Boeing has won a key clearance from China's aviation regulator, the Civil Aviation Administration of China, on the deliveries of the 737 Max aircraft to China, trade publication

Boeing wins key clearance from China's aviation regulator on 737 Max deliveries - report
Business|Finance|Technology

Blue Origin, Cerberus looking to buy United Launch Alliance -WSJ

Jeff Bezos' Blue Origin and private equity firm Cerberus are among companies that have shown interest in buying rocket company United Launch Alliance (ULA), the Wall Street Journal

Blue Origin, Cerberus looking to buy United Launch Alliance -WSJ
Business|Economy|Finance|Stock Markets|US

Wall St opens lower as rate-cut rally fizzles; FedEx slides

Wall Street's main indexes opened lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve's likely pivot to a dovish policy, while FedEx

Wall St opens lower as rate-cut rally fizzles; FedEx slides
Business|Economy|Finance|US

US business equipment borrowings flat year-on-year in November - ELFA

U.S. companies borrowing rate remained flat in November compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.

US business equipment borrowings flat year-on-year in November - ELFA
Business|Economy|Finance

Optimism wanes among oil companies, Dallas Fed survey shows

Oil and gas activity remained essentially unchanged in the fourth quarter and optimism waned as uncertainty jumped, a survey of oil and gas executives by the

Optimism wanes among oil companies, Dallas Fed survey shows
Business|Economy|Election|Finance|Stock Markets|US

Nippon's US Steel deal needs scrutiny, says Biden campaign adviser Deese

Brian Deese, a key player in President Joe Biden's 2024 re-election bid, said on Wednesday that Nippon Steel's proposed purchase of U.S.

Nippon's US Steel deal needs scrutiny, says Biden campaign adviser Deese
Business|Finance|Technology

LATAM adds 5 more Boeing 787 Dreamliners to order book

LATAM Airlines has placed an order for five Boeing 787s, it said on Wednesday, adding more of the widebody aircraft meant for long-haul or larger capacity flights to its book.

LATAM adds 5 more Boeing 787 Dreamliners to order book
Business|Economy|Finance

Aon to buy insurance broker NFP in $13.4 billion deal

Management consulting firm Aon said on Wednesday it will buy NFP, a middle market property and casualty broker, in a deal valued at $13.4 billion.

Aon to buy insurance broker NFP in $13.4 billion deal
News|US|World

US SEC charges Tingo Group Nigerian CEO, three companies with fraud

The U.S.

US SEC charges Tingo Group Nigerian CEO, three companies with fraud
Asia|Business|Economy|Finance|News|US

US adds 13 companies in China to unverified list

The United States has added 13 companies in China to its list of companies U.S. officials have been unable to inspect, according to a government notice posted on Tuesday.

US adds 13 companies in China to unverified list
Business|Finance|Stock Markets

Lufthansa orders 80 planes from Boeing and Airbus for $9 billion

Lufthansa ordered 80 planes from Boeing and Airbus plus future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday.

Lufthansa orders 80 planes from Boeing and Airbus for $9 billion
Business|Finance|Stock Markets

Brazil airlines shares rise on relief amid Lula push for lower ticket prices

Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices was not as heavy-handed as some expected, amid

Brazil airlines shares rise on relief amid Lula push for lower ticket prices
Australia|Business|Finance|Stock Markets

Allkem investors approve Livent $10.6 billion merger on proxy votes

Australia's Allkem investors have approved Livent Corp $10.6 bln merger on proxy votes at a shareholder meeting in Perth on Tuesday.

Allkem investors approve Livent $10.6 billion merger on proxy votes
Business|Finance

ADM to buy UK-based firm to boost nutrition business

U.S. agribusiness Archer-Daniels-Midland said on Tuesday it would buy UK-based flavor and ingredient firm FDL, as the company looks to expand its nutrition business.

ADM to buy UK-based firm to boost nutrition business
Business|Finance

ADM to acquire dairy flavor firm Revela Foods

Global grains merchant Archer-Daniels-Midland said on Monday it will acquire Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients and solutions, to

ADM to acquire dairy flavor firm Revela Foods
Asia|Business|Economy|News|US

Road to Nippon's $14.9-billion acquisition of U.S. Steel

Japan's Nippon Steel's $14.9-billion acquisition of U.S.

Road to Nippon's $14.9-billion acquisition of U.S. Steel
Business|Finance

Icahn aims to remove Illumina's legacy directors - letter

Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, signalling plans to mount a second board challenge at the gene-sequencing

Icahn aims to remove Illumina's legacy directors - letter
Business|Economy|Finance|News

US business activity picks up in December- S&P Global survey

U.S. business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the

US business activity picks up in December- S&P Global survey
Business|Finance|US

Greek-yogurt maker Chobani buys coffee company La Colombe for $900 million

Greek-yogurt maker Chobani said on Friday it had bought ready-to-drink coffee maker La Colombe for $900 million to expand its beverage business.

Greek-yogurt maker Chobani buys coffee company La Colombe for $900 million
Asia|Business|Technology|World

China's ban on Apple's iPhone accelerates- Bloomberg News

More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday.

China's ban on Apple's iPhone accelerates- Bloomberg News
News|US

US magistrate judge tentatively rules Musk must testify again for SEC

A U.S.

US magistrate judge tentatively rules Musk must testify again for SEC
Business|Economy|Finance

US business inventories unexpectedly fall in October

U.S. business inventories unexpectedly fell in October, suggesting that inventory investment could weigh on economic growth this quarter.

US business inventories unexpectedly fall in October
Business|Technology

Tesla shortens expected delivery waiting time for Model 3, Y in China

Tesla has shortened the expected delivery waiting time for its Model 3 and Model Y in China to two to six weeks from six to nine weeks previously, according to its Chinese website

Tesla shortens expected delivery waiting time for Model 3, Y in China
Business|Finance|Stock Markets|Technology

RTX insider Christopher Calio to succeed Gregory Hayes as CEO

RTX said on Thursday Christopher Calio, the company's current chief operating officer, would succeed Gregory Hayes as the aerospace and defense firm's CEO.

RTX insider Christopher Calio to succeed Gregory Hayes as CEO
News|US

Elon Musk and SEC to face off in court over Twitter testimony

The U.S.

Elon Musk and SEC to face off in court over Twitter testimony
Business|Finance

Citi set to split Mexico retail bank from corporate, investment unit by late 2024

Citigroup will split its Mexico retail unit

Citi set to split Mexico retail bank from corporate, investment unit by late 2024
Business|Finance

Citigroup closes municipal underwriting and market-making unit- memo

Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.

Citigroup closes municipal underwriting and market-making unit- memo
Business|Technology|US

Boeing names insider Chris Raymond as head of aftermarket business

Boeing on Thursday named insider Chris Raymond as the new head of its aftermarket business, succeeding Stephanie Pope, who will take over as the planemaker's chief operating officer.

Boeing names insider Chris Raymond as head of aftermarket business
Business|Finance|Technology

Musk's SpaceX value jumps closer to $180 billion in tender offer - Bloomberg News

Elon Musk's SpaceX will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of the space and satellite company closer to $180 billion, Bloomberg

Musk's SpaceX value jumps closer to $180 billion in tender offer - Bloomberg News
Business|Economy|Technology

Lucid has assembled near 800 cars in Saudi plant, focused on training -VP

Lucid Group has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its main focus on training more than 200 local employees, the EV

Lucid has assembled near 800 cars in Saudi plant, focused on training -VP
Business|Finance|US

Citigroup offers partial early bonuses to encourage departures - Bloomberg News

Citigroup is offering to pay some of its employees a portion of their annual bonuses early if they agree to voluntarily depart, Bloomberg News reported on Wednesday, citing people familiar

Citigroup offers partial early bonuses to encourage departures - Bloomberg News
Business|Europe|Technology

Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations

Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the

Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations
Business|Economy|US

US small business sentiment falls slightly, NFIB says

U.S. small business sentiment edged down in November to the lowest level in six months, stoked by continued difficulties in hiring skilled labor and concerns about

US small business sentiment falls slightly, NFIB says
Business|Finance|Stock Markets|Technology

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract

Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract
Business|Finance|US

M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac

The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy

M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac
Business|Economy|Finance|News|US

Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal

Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery

Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal
Business|Finance|Stock Markets

Ken Griffin's Citadel to return about $7 billion in profit to investors -source

Billionaire Ken Griffin's Citadel is planning to give back about $7 billion in profits to investors after a year of double-digit returns, a source familiar with the matter said on Tuesday.

Ken Griffin's Citadel to return about $7 billion in profit to investors -source
Business|Finance|Technology|US

Factbox-Who is Boeing's new COO Stephanie Pope?

Boeing on Monday named long-serving insider Stephanie Pope to the newly created role of chief operating officer, likely making her one of the top contenders to succeed David Calhoun as CEO

Factbox-Who is Boeing's new COO Stephanie Pope?
Business|Finance

Boeing deepens strategy cuts as operations take center-stage -sources

Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses

Boeing deepens strategy cuts as operations take center-stage -sources
Business|Finance|Stock Markets|US

Bankrupt trucking co. Yellow approved for $1.88 billion real estate sale

Bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its shipping centers and owned real estate to multiple buyers for $1.88

Bankrupt trucking co. Yellow approved for $1.88 billion real estate sale
News|US

US plans $35 million award to BAE to boost chip supply for F-35

The U.S.

US plans $35 million award to BAE to boost chip supply for F-35
Asia|Business|Economy|Technology

Nvidia CEO aims to set up a base in Vietnam

Nvidia wishes to establish a base in Vietnam to develop the country's semiconductor industry as it considers the Vietnamese market an important one, the Vietnamese government said,

Nvidia CEO aims to set up a base in Vietnam
Business|Finance|Technology|US

Boeing to name Stephanie Pope as Chief Operating Officer - WSJ

Boeing is expected to name company veteran Stephanie Pope as its chief operating officer, setting her up as the likely successor to Chief Executive David Calhoun, the Wall Street Journal

Boeing to name Stephanie Pope as Chief Operating Officer - WSJ
Economy|Finance|US

US consumers' moods brighten as inflation worries subside - UMich

U.S. consumer sentiment perked up much more than expected in December, snapping four straight months of declines, as households saw inflation pressures easing, a survey showed on Friday.

US consumers' moods brighten as inflation worries subside - UMich
Business|Economy|US

Starbucks to resume union talks - Bloomberg News

Starbucks has reached out to the union representing hundreds of its stores in the United States, Bloomberg News reported on Friday.

Starbucks to resume union talks - Bloomberg News
Business|Europe|Finance

LVMH cedes control of cruise retail to Florida developer Jim Gissy

LVMH signed a deal to sell a majority stake in the parent company of its cruise retail business to a group of investors led by Florida property developer Jim Gissy, but will remain an

LVMH cedes control of cruise retail to Florida developer Jim Gissy
Business|Finance|US

Honeywell to buy Carrier's security unit for $4.95 billion

U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier's security business for $4.95 billion. Shares of Carrier rose 6% in premarket trade.

Honeywell to buy Carrier's security unit for $4.95 billion
News|US

FTC seeks more information on $53 billion Chevron-Hess deal

The U.S.

FTC seeks more information on $53 billion Chevron-Hess deal
Business|Economy|Europe|Finance|Stock Markets|US

Britain's Marex Group files for US IPO

Marex Group, a British commodities broker, announced plans on Friday to list its shares in New York, the latest blow to London's bid to attract companies to its stock exchange.

Britain's Marex Group files for US IPO
Business|Technology

Apple aims to build more than 50 million iPhones annually in India - WSJ

Apple and its suppliers aim to build more than 50 million iPhones in India each year, within the next two-to-three years, with additional tens of millions of units planned thereafter, the

Apple aims to build more than 50 million iPhones annually in India - WSJ
Business|Technology

US FCC approves Dish, EchoStar merger deal, shares rise

The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire

US FCC approves Dish, EchoStar merger deal, shares rise
Business|Finance|US

Exclusive-Coffee trader Mercon runs out of credit, files for bankruptcy protection

Mercon Coffee Group, one of the world's largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as "

Exclusive-Coffee trader Mercon runs out of credit, files for bankruptcy protection
Business|Economy|Finance|Stock Markets|US

Chevron forecasts $16 billion capex for 2024

Oil major Chevron Corp said on Wednesday that it expects 2024 capital expenditure between $15.5 billion and $16.5 billion, and about $3 billion for affiliates.

Chevron forecasts $16 billion capex for 2024
Business|Finance|Health|US

AbbVie to buy drug developer Cerevel for $8.7 billion

AbbVie said on Wednesday it would buy Cerevel Therapeutics, a developer of drugs for neurological conditions, for about $8.7 billion in a bid to replace revenue as its arthritis drug

AbbVie to buy drug developer Cerevel for $8.7 billion
News|US

Smithfield Foods ends contracts with 26 US pig farms, citing oversupply

Smithfield Foods said on Tuesday it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest

Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
Business|Finance|Technology

SentinelOne raises annual revenue forecast on robust cybersecurity spending (Dec. 5)

Cybersecurity firm SentinelOne on Tuesday forecast fourth-quarter revenue above Wall Street estimates and raised its annual revenue outlook, as cybersecurity spending remains strong.

SentinelOne raises annual revenue forecast on robust cybersecurity spending (Dec. 5)
Business|Economy|Europe|News|Sports

Russian distributor to launch sales of Adidas, Reebok goods- Kommersant

A Russian distributor of Western sports brands will start selling Adidas and Reebok products as soon as this week, despite the companies' departure from the market over the war in

Russian distributor to launch sales of Adidas, Reebok goods- Kommersant
Business|Economy|Finance

Rising war risks prompt property insurers to rethink cover

Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and

Rising war risks prompt property insurers to rethink cover
Business|Finance|US

BAT writes down US cigarette brands, tobacco stocks fall

British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that

BAT writes down US cigarette brands, tobacco stocks fall
Business|Fashion and Beauty|Finance

Zegna targets over 10% yearly sales growth after Tom Ford deal

Ermenegildo Zegna aims to grow its sales by more than 10% a year on average over the medium term, with profits rising twice as fast, after it bought U.S. brand Tom Ford Fashion

Zegna targets over 10% yearly sales growth after Tom Ford deal
Business|Finance

Wells Fargo CEO expects severance expenses to exceed $750 million

Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1

Wells Fargo CEO expects severance expenses to exceed $750 million
Economy|Finance|News|US

Underlying US inflation pressures eased in October - NY Fed

Underlying inflation pressures eased in October compared to the prior month, according to a report released on Monday by the Federal Reserve Bank of New York.

Underlying US inflation pressures eased in October - NY Fed
Business|Economy|Finance|Stock Markets

P&G to record up to $2.5 billion in charges related to Gillette business, restructuring

Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring

P&G to record up to $2.5 billion in charges related to Gillette business, restructuring
Business|Economy|Finance

Mexican airline Volaris reaches accord with P&W on GTF motor inspections

Mexican airline Volaris said on Tuesday it had reached an agreement with Pratt & Whitney on compensation for each GTF motor pulled from its fleet for inspections.

Mexican airline Volaris reaches accord with P&W on GTF motor inspections
Business|Economy|Finance|Stock Markets

Marketmind: Small caps pick up baton, China rating hit

A look at the day ahead in U.S. and global markets from Mike Dolan As the S&P500 stalled on Monday at its high for the year, taking a breather from last week's 'peak rates' rally, smaller U.S. stocks

Marketmind: Small caps pick up baton, China rating hit
Business|Technology|Travel

Airbnb creates new chief business officer role, appoints new chief financial officer

Airbnb on Tuesday announced changes to its executive leadership team, including the creation of a chief business officer position as the company looks to expand beyond

Airbnb creates new chief business officer role, appoints new chief financial officer
Business|Finance

SMBC CEO sees shortage of new aircraft possibly lasting beyond 2026

The head of the world's second largest aircraft leasing company SMBC Aviation Capital expects a shortage of new aircraft to continue until at least 2026 and possibly beyond.

SMBC CEO sees shortage of new aircraft possibly lasting beyond 2026
Business|Economy|Finance|Technology|US

Factbox-Tech firms, Wall Street lead job cuts in Corporate America

Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in

Factbox-Tech firms, Wall Street lead job cuts in Corporate America
Business|Finance

Bull market in view after S&P 500 hits fresh year-high

The bull is nearly loose.

Bull market in view after S&P 500 hits fresh year-high
Business|Finance|Stock Markets|Technology

Uber to become S&P 500 constituent -S&P Indexes

Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P

Uber to become S&P 500 constituent -S&P Indexes
Business|Finance|News|US

Judge set to rule on Berkshire Hathaway request for speedy trial over Pilot unit

A Delaware judge said she will decide by Friday whether to give Warren Buffett's Berkshire Hathaway a January trial date over a dispute of how to value truck stop

Judge set to rule on Berkshire Hathaway request for speedy trial over Pilot unit
Business|News|US

Vista Outdoor rejects Colt CZ's merger offer

U.S. sporting and outdoor products group Vista Outdoor's has rejected a cash-and-stock merger offer from Czech gunmaker Colt CZ Group, saying it undervalued the company and was not better

Vista Outdoor rejects Colt CZ's merger offer
Business|Economy|Finance|News

Vans owner VF Corp lays off 500 employees in restructuring push

Vans owner VF Corp said on Thursday it has laid off about 500 employees as it aims to restructure its business and improve operations globally.

Vans owner VF Corp lays off 500 employees in restructuring push
Business|Finance|US

Remy Cointreau first-half profits fall 43% as U.S. weighs, keeps goals

French spirits group Remy Cointreau on Thursday sticked to its full year 2023/24 outlook for lower sales and profits, reiterating a rebound in sales in its key U.S. market would not

Remy Cointreau first-half profits fall 43% as U.S. weighs, keeps goals
Business|Finance|US

Phillips 66 to continue 'constructive dialogue' with Elliott Investment

Phillips 66 said on Wednesday it "plans to continue a constructive dialogue" with Elliott Investment Management after the company asked the U.S. refiner to revamp its board to boost

Phillips 66 to continue 'constructive dialogue' with Elliott Investment
Business|Technology|US

Microsoft to take non-voting, observer position on OpenAI's board

Microsoft will take a non-voting, observer position on OpenAI's board, OpenAI said on Wednesday, adding that Sam Altman has been officially reinstated as chief executive officer of the

Microsoft to take non-voting, observer position on OpenAI's board
Business|Finance|US

Factbox-Phillips 66's refining operations come under activist radar

Activist investor Elliott Investment Management revealed a $1 billion stake in U.S. refiner Phillips 66 on Wednesday, calling for a boardroom overhaul and criticizing management for taking

Factbox-Phillips 66's refining operations come under activist radar
Business|Finance|Health|US

Factbox-Consolidation in US health insurance industry

Health insurer Cigna is in merger talks with Humana, a source familiar with the matter said on Wednesday, potentially marking the latest in a long string of deals aimed at

Factbox-Consolidation in US health insurance industry
Asia|Business|Finance|Stock Markets|US

China EV brand Zeekr puts US IPO on hold -sources

Chinese electric vehicle brand Zeekr has put its U.S. initial public offering (IPO) on hold due to a mismatch in valuation expectations, according to two sources with direct

China EV brand Zeekr puts US IPO on hold -sources
Business|Technology|US

Broadcom to review strategic options for two VMware units - Insider

U.S. chipmaker Broadcom will review strategic options for two business units of VMware, Insider reported on Wednesday, citing a leaked email from CEO Hock Tan to employees.

Broadcom to review strategic options for two VMware units - Insider
Europe

Exclusive-Emirates tells Rolls-Royce: Go back to basics, get engines right

The head of Dubai's Emirates has urged Rolls-Royce to go "back to basics" and focus on the performance of its engines, a day after the British firm laid out plans to

Exclusive-Emirates tells Rolls-Royce: Go back to basics, get engines right
Business|Economy|Finance

Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its

Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
Business|Entertainment|US

Disney CEO to step down at the end of 2026

Walt Disney CEO Bob Iger said at the Dealbook conference he "will definitely step down" at the end of 2026.

Disney CEO to step down at the end of 2026
Business|Finance

Activist investor Ubben shutting down Inclusive Capital-sources

Jeff Ubben, one of Wall Street's most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed

Activist investor Ubben shutting down Inclusive Capital-sources
Business|Economy|Finance|US

US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says

Mid-sized U.S. businesses owned by minorities have untapped revenue potential worth $1.3 trillion annually, JPMorgan Chase found in a study on a segment where major

US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says
Business|Finance

Nippon Life to buy Nichii Holdings for about $1.41 billion - Nikkei

Japan's Nippon Life Insurance will acquire Nichii Holdings for about 210 billion yen ($1.41 billion), the Nikkei reported on Tuesday.

Nippon Life to buy Nichii Holdings for about $1.41 billion - Nikkei
Asia|Business|Economy|Finance

Vietnam set to raise effective tax rate on multinationals as part of global deal

Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a

Vietnam set to raise effective tax rate on multinationals as part of global deal
Business|Economy|Finance|US

U.S. business activity steady in November - S&P Global survey

U.S. business activity held steady in November, but employment in the private sector declined for the first time in almost three-and-a-half years, consistent

U.S. business activity steady in November - S&P Global survey
Business|Finance

Stellantis to revise up revenue target for 'circular economy' unit

Stellantis' revenue target for its recycling and reconditioning unit will be raised after growing 25% so far this year, the group's Chief Executive Carlos Tavares said on

Stellantis to revise up revenue target for 'circular economy' unit
Business|Economy|Finance|News

Oil down 1% on bearish view of delayed OPEC+ meeting

Oil prices fell 1% in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less

Oil down 1% on bearish view of delayed OPEC+ meeting
Business|News|Technology

Factbox-'Boomerang' CEOs of major companies

Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board.

Factbox-'Boomerang' CEOs of major companies
Business|Technology|US

FAA approves Boeing to start 737 MAX 10 certification flight tests

The Federal Aviation Administration has cleared Boeing to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet

FAA approves Boeing to start 737 MAX 10 certification flight tests
Australia|Business|Finance

EIG CEO says consortium no longer willing to negotiate with Origin's top investor

EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy was "done" negotiating with top shareholder AustralianSuper in an

EIG CEO says consortium no longer willing to negotiate with Origin's top investor
Business|Finance|News|Stock Markets|Technology

Crypto exchange Binance sees outflows of $956 million in last 24 hours - Nansen

Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, data firm Nansen reported on Wednesday, a day after its chief, Changpeng Zhao, stepped down and

Crypto exchange Binance sees outflows of $956 million in last 24 hours - Nansen
Business|Europe|Technology

Businesses, tech groups warn EU against over-regulating AI foundation models

Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI

Businesses, tech groups warn EU against over-regulating AI foundation models
Business|Finance|US

Wyndham board deems Choice Hotels' new offer "a step backwards"

U.S. budget hotel operator Wyndham Hotels and Resorts said on Tuesday a new letter from Choice Hotels "represents a step backwards" and the terms outlined are not in the best interests of

Wyndham board deems Choice Hotels' new offer "a step backwards"
Business|Celebrity|Entertainment|Finance

Music rights giant BMI to be bought by New Mountain-led group

An investor group led by New Mountain Capital on Tuesday agreed to buy Broadcast Music Inc (BMI), the music rights company that represents top songwriters including Lady Gaga, Taylor Swift

Music rights giant BMI to be bought by New Mountain-led group
Business|Finance|Health

Morgan Stanley's Andy Saperstein diagnosed with cancer - memo

Morgan Stanley co-President Andy Saperstein has been diagnosed with cancer, he wrote in an internal memo seen by Reuters on Tuesday.

Morgan Stanley's Andy Saperstein diagnosed with cancer - memo
Business|Economy|Finance|US

GM to hold Nov. 29 business update after UAW contract deal

General Motors said on Tuesday it will give a Nov. 29 business update following the ratification of new labor agreements in the United States and Canada.

GM to hold Nov. 29 business update after UAW contract deal
Business|Finance|Stock Markets|US|World

Shares tread water, dollar dips as markets eye Fed rate cuts

Shares were generally flat on Monday in thin trading ahead of the U.S.

Shares tread water, dollar dips as markets eye Fed rate cuts
Business|Finance|Technology

Exclusive-OpenAI investors considering suing the board after CEO's abrupt firing - sources

Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday,

Exclusive-OpenAI investors considering suing the board after CEO's abrupt firing - sources
Business|Finance

Anne Richards steps down as Fidelity International CEO

Asset manager Fidelity International announced on Monday that Anne Richards has stepped down as chief executive officer after five years and will become vice chair at the company.

Anne Richards steps down as Fidelity International CEO
Business|Technology

Meta breaks up its Responsible AI team, The Information reports

Meta Platforms is breaking up its Responsible AI team that worked on understanding and preventing harms associated with the artificial intelligence technology it is developing, The

Meta breaks up its Responsible AI team, The Information reports
Business|Finance|Stock Markets

Lilly extends tender offer to acquire Point Biopharma to Dec 1

Eli Lilly said on Friday it was extending the deadline for its tender offer for Point Biopharma shares to Dec. 1, from Nov. 16 previously.

Lilly extends tender offer to acquire Point Biopharma to Dec 1
Business|Technology|US

Exclusive-GM's Cruise CEO offers apology, will allow share sales - email

The CEO of Cruise, General Motors’ robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the

Exclusive-GM's Cruise CEO offers apology, will allow share sales - email
Business|Technology

Exclusive-Amazon.com to cut "several hundred" Alexa jobs

Amazon.com on Friday announced it is trimming roles its Alexa unit, according to an email to staff viewed by Reuters.

Exclusive-Amazon.com to cut "several hundred" Alexa jobs
Business|Finance

Embraer CEO expects revenue to climb about 20% in 2024

Brazilian planemaker Embraer expects its revenue to grow by about 20% in 2024, its chief executive said on Friday.

Embraer CEO expects revenue to climb about 20% in 2024
Business|Finance|Stock Markets|Technology|US

ChargePoint's stock slumps to record low after revenue warning, executive changes

ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue

ChargePoint's stock slumps to record low after revenue warning, executive changes
News|US

US SEC urges judge to force Musk testimony in Twitter takeover probe -filing

The U.S.

US SEC urges judge to force Musk testimony in Twitter takeover probe -filing
Business|Economy|Europe|Finance

Russia's Avtovaz sees 10% lower Lada production in 2023 due to U.S. sanctions -Ifax

Russia's largest carmaker Avtovaz said it had lowered its production forecast for Lada cars due to U.S. sanctions imposed in September, Interfax news agency reported on Friday.

Russia's Avtovaz sees 10% lower Lada production in 2023 due to U.S. sanctions -Ifax
Business|Finance|Technology

GM reorganizes BrightDrop EV unit, business head leaving

General Motors said on Thursday it was reorganizing its BrightDrop electric commercial vehicle unit to make it less independent and reduce costs, and that the

GM reorganizes BrightDrop EV unit, business head leaving
Business|Entertainment|US|Videos

Disney management to host company-wide town hall on Nov. 28

Walt Disney will host a company-wide town hall on Nov. 28 to discuss future projects, according to an internal memo from CEO Bob Iger.

Disney management to host company-wide town hall on Nov. 28
Business|Economy

Citi CEO Fraser touts 'clear benefits' of diversifying supply chains

Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "

Citi CEO Fraser touts 'clear benefits' of diversifying supply chains