Singapore-based semiconductor firm Silicon Box plans to pick the town of Novara in the industrialised northwest Piedmont region as the
June 20, 2024
The Supreme Court has upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests
June 20, 2024
The S&P 500 and Nasdaq closed lower on Thursday, as market bellwether Nvidia retreated from earlier gains, while investors evaluated recent economic data and commentary from
June 20, 2024
Australian airline Qantas on Tuesday backed Boeing to bounce back from an unprecedented crisis that has led to an overhaul of the American planemaker's management and drawn scrutiny
June 20, 2024
Airline Cathay Pacific is looking to add more destinations on China's Belt and Road project, CEO Ronald Lam said on Sunday, after a new route to Riyadh starts up
June 20, 2024
Boeing's outgoing CEO David Calhoun told Reuters on Tuesday that the planemaker's board would decide his successor and he would support its
June 20, 2024
Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.
June 20, 2024
Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices,
June 20, 2024
Mike Lynch's lawyers on Monday portrayed the British tech pioneer as a savvy entrepreneur while prosecutors in a San Francisco court labeled him
June 20, 2024
Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended
June 19, 2024
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European
June 19, 2024
British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the
June 19, 2024
The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years,
June 19, 2024
Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S.
June 19, 2024
Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting the
June 18, 2024
India's manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours, but factory activity remained
June 18, 2024
Qatar Airways is in talks with plane makers Airbus and Boeing for a major wide-body order, its chief executive said on Monday.
June 18, 2024
Activity in Russia's manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up.
June 18, 2024
The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined
June 18, 2024
The next CEO of Boeing should have an understanding of what led to its current crisis and be prepared to look outside for examples of best
June 18, 2024
Qatar Airways PJSC is nearing a decision on a major widebody order split between Boeing and Airbus, Bloomberg News reported on Sunday, citing people familiar with the matter.
June 18, 2024
The head of Dubai airline Emirates urged Boeing to pick an engineering and business heavyweight to lead a deep overhaul of the U.S. aerospace
June 18, 2024
Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna
June 18, 2024
The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers
June 18, 2024
Everton's takeover agreement with prospective owner 777 Partners has expired, the Premier League club said on Saturday, after the U.S. private equity firm failed to complete the
June 18, 2024
Delta Air Lines is running its largest ever transatlantic schedule this year as it sees healthy travel demand, especially on international
June 18, 2024
Safety and quality problems exposed at Boeing following a door plug blowout earlier this year risk shaking travellers' confidence in flying, a top executive at rival Airbus said.
June 18, 2024
Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including
June 18, 2024
Fitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-
June 18, 2024
A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.’s operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores
June 17, 2024
A federal judge has ruled that BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state
June 17, 2024
Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday
June 17, 2024
The Federal Aviation Administration will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, its administrator
June 17, 2024
Nissan Motor paid former Chief Operating Officer Ashwani Gupta $3.7 million in compensation following his sudden departure last year, the Japanese automaker disclosed in a
June 17, 2024
U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast.
June 17, 2024
British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a
June 17, 2024
Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much
June 17, 2024
Russia's largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to 399
June 16, 2024
Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported,
June 16, 2024
WestJet Encore has reached a tentative agreement with its pilots union over a new contract, the labor group said on Thursday, averting a strike at the Canadian regional carrier.
June 16, 2024
OpenAI's board on Thursday pushed back on allegations from its former members that concerns over artificial intelligence safety at the startup necessitated Sam Altman's shocking ouster
June 15, 2024
U.S. Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
June 15, 2024
Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed
June 14, 2024
A U.S. judge in Seattle on Tuesday rejected Amazon.com's request to dismiss a Federal Trade Commission (FTC) lawsuit that accuses the company of enrolling
June 14, 2024
Boeing said on Wednesday it was making progress on developing a permanent solution to address an issue with the 737 MAX engine anti-ice system that has
June 14, 2024
PwC will become the largest customer and first reseller of OpenAI's enterprise product as part of a new deal, the accounting giant said on Wednesday, as businesses rush to adopt and
June 14, 2024
Belgian car distributor D'Ieteren on Wednesday reported 3.06 billion euros ($3.30 billion) in first-quarter sales and flagged lower volumes for its
June 14, 2024
A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce,
June 14, 2024
At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m
June 14, 2024
A group of car starter battery makers will contest European Union accusations of operating a cartel to fix battery prices at a closed hearing next week, people with
June 13, 2024
Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53
June 13, 2024
Brazilian airlines Azul and Gol have informed local antitrust regulator CADE of their new codeshare agreement and do not expect hurdles to be imposed, Azul's
June 13, 2024
Stellantis CEO Carlos Tavares has expressed dissatisfaction at the operation of some U.S. plants on Thursday as the automaker struggles with lower shipments and falling revenues
June 13, 2024
Italian executive Claudio Sforza has been chosen as chief executive of loss-making clothing group Benetton, replacing outgoing Massimo Renon, two sources close to the matter said on
June 13, 2024
Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese
June 13, 2024
Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.
June 13, 2024
Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle
June 13, 2024
The parent company of Brazilian airline Gol
United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan arrived in South Korea on Tuesday, where his plane was met by an honorary escort of four fighter jets
June 13, 2024
Aethon Energy said on Wednesday it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of
June 12, 2024
Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in
June 12, 2024
Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover
June 12, 2024
The transition to electric vehicles (EVs) would impose a "significant burden" on auto suppliers, Stellantis CEO Carlos Tavares said on Wednesday as Western automakers race to cut
June 12, 2024
BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American, walking away from its $49 billion takeover deal, after the London-listed rival refused to extend
June 12, 2024
The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired
June 12, 2024
Cyprus has scrapped a 1.2 billion euro ($1.30 billion) concession agreement for the development of Larnaca port, in a legal wrangle that the state and the contractor traded blame
June 12, 2024
Adam Neumann has ended his bid to re-acquire WeWork as the coworking business he co-founded has chosen to emerge from bankruptcy with an "unrealistic" plan, he told the New York Times
June 12, 2024
Norfolk Southern has named former Canadian National Railway CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday.
June 12, 2024
Media veteran Edgar Bronfman Jr. has withdrawn from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone's empire and ending one of the most
June 12, 2024
German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022
June 12, 2024
German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this
June 12, 2024
Thailand's economy is expected to grow 2.5% this year, but should be expanding at least 3.5% annually, its finance minister Pichai Chunhavajira said on Monday.
June 12, 2024
A South Korean high court began on Monday hearing a prosecution appeal over a decision by a lower court to clear Samsung Electronics chairman Jay Y.
June 12, 2024
Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23
June 12, 2024
Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2
June 12, 2024
Argentina's President Javier Milei is set to meet with top-level executives from Google, Meta and Apple during a trip to the United States this week, his spokesman Manuel Adorni said on
June 12, 2024
Italy's Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four
June 12, 2024
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's
June 11, 2024
Profits at China's industrial firms rose 4.3% in the first four months from the same period last year, official data showed on Monday.
June 11, 2024
Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for
June 11, 2024
A Hong Kong court on Monday adjourned a hearing on a petition seeking the liquidation of Kaisa Group until June 24, giving the embattled Chinese developer some respite
June 11, 2024
Please disregard US--Tesla-Musk Pay, 5th Ld-Writethru published on Jun
June 11, 2024
Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new chief executive
June 11, 2024
Canada ordered on Friday the dissolution of two technology companies' businesses in the country, citing national security concerns.
June 11, 2024
Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder votes, according to the
June 10, 2024
Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in
June 10, 2024
New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate
June 10, 2024
Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an
June 10, 2024
Abrdn CEO Stephen Bird has stepped down, the British fund manager said on Friday, after a turbulent four-year tenure marked by deep outflows of client cash and a much
June 10, 2024
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch
June 10, 2024
Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in connection with
June 10, 2024
China's
June 10, 2024
An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender
June 10, 2024
Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.
June 09, 2024
Wall Street titan Goldman Sachs has received a license to set up its regional headquarters in Saudi Arabia's Riyadh, according to a person familiar with the matter.
June 09, 2024
Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S
June 09, 2024
Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate's steel division to Czech billionaire
June 09, 2024
Paramount Global has signed a new multi-year content distribution deal with Charter Communications for its full portfolio of linear cable networks, the companies said on Thursday.
June 09, 2024
Elon Musk's SpaceX has initiated discussions about selling existing shares in a deal that could value the company at roughly $200 billion, Bloomberg News reported on Thursday, citing people
June 09, 2024
Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.
June 09, 2024
Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and
June 08, 2024
For 65 years German electrical components maker Hager has straddled the Rhine with sites on either side, but lately the family-owned group has plumped for the French
June 08, 2024
For chip designer Nvidia, the generative artificial intelligence boom is a gift that keeps on giving.
June 08, 2024
A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying
June 08, 2024
Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year.
June 08, 2024
U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods
June 07, 2024
Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push
June 07, 2024
The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will
June 07, 2024
South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip
June 07, 2024
The Pop-Tart teaches an entrepreneurial lesson: While first movers may have an advantage, a fast follower often wins the game in the long run.
June 07, 2024
Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third
June 07, 2024
Amazon.com investors voted against all 14 resolutions that asked the retailer to disclose more about its carbon emissions and its directors' donations, and to form a
June 07, 2024
U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also
June 07, 2024
Argentina's economic activity fell 8.4% in March from a year earlier, the country's official statistics agency said on Wednesday, its fifth monthly drop in a row and the
June 07, 2024
Japan's factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of weakness.
June 07, 2024
BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its
June 07, 2024
France's private sector unexpectedly shrank in May after expanding in April, with the dominant services industry joining manufacturing in reporting a contraction in activity, a
June 07, 2024
German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday.
June 07, 2024
Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of
June 07, 2024
Growth across British businesses has cooled noticeably this month and by more than any economist polled by Reuters had predicted, a survey showed on Thursday, in an
June 07, 2024
U.S. drugmaker Pfizer on Wednesday launched a new multi-year program to reduce its expenses by about $1.5 billion by the end of 2027, adding on to a $4 billion cost cutting plan it
June 07, 2024
British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard
June 06, 2024
The European Chips Act is on track to help attract more than 100 billion euros ($108.41 billion) worth of private investment to the European semiconductor
June 06, 2024
China Evergrande New Energy Vehicle said on Wednesday its unit had received a letter from the country's local administrative bodies demanding repayment of 1.9 billion yuan ($262.42 million)
June 06, 2024
Virginie Viard, the creative director of Chanel who replaced Karl Lagerfeld after his death, is leaving the fashion house
June 06, 2024
Artificial intelligence startup Anthropic has hired Airbnb veteran Krishna Rao as its first finance chief, the company said on Tuesday, as it plans to expand its AI offerings and better
June 05, 2024
British manufacturing orders contracted this month at the fastest rate since November and expectations for future price hikes abated, a survey showed on Tuesday.
June 05, 2024
Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from
June 05, 2024
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment
June 05, 2024
The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes
June 05, 2024
China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more
June 05, 2024
Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for
June 05, 2024
Months after Disney and Gov. Ron DeSantis’ appointees agreed to end their legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort
June 05, 2024
Zoom Video Communications on Monday raised its annual forecast for profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work.
June 04, 2024
Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S.
June 04, 2024
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years
June 04, 2024
Representatives for a Maine company that plans to send small satellites into space from the Northeast’s most rural state say they hope to start launches next year
June 04, 2024
Top Japanese companies agreed to wage increases of an average 5.58% at annual labour talks that wrapped up in March, the Keidanren business lobby's preliminary
June 04, 2024
Tony O'Reilly, the Irish media tycoon and former H.J.
June 04, 2024
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory
June 03, 2024
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy
June 03, 2024
Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project.
June 03, 2024
Boeing Co shareholders voted to re-elect outgoing Chief Executive Dave Calhoun to the planemaker's board at the company's annual meeting, as per a preliminary tally.
June 03, 2024
Tesla's chair of the board said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial
June 03, 2024
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.
June 02, 2024
Britain's Sainsbury's said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and
June 02, 2024
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per
June 02, 2024
Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of Everton
June 01, 2024
Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric
June 01, 2024
European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a
May 31, 2024
Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has
May 31, 2024
At a bribery trial, a former top U.S. agricultural official has cast Sen. Bob Menendez as a villain who tried to stop him from disrupting an unusual sudden monopoly that developed five years ago over the certification of meat exported to Egypt
May 31, 2024
The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the
May 31, 2024
A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German
May 31, 2024
Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya
May 31, 2024
Companies need adept planning to solve supply chain issues.
May 31, 2024
Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by
May 31, 2024
EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the
May 31, 2024
Air travel demand from China is not back to pre-pandemic levels for
May 31, 2024
Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging
May 31, 2024
At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks
May 30, 2024
U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder meeting due to conflict of interest.
May 30, 2024
Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may not
May 30, 2024
A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial
May 30, 2024
U.S. business inventories fell in March, but this could lay the ground for businesses to rebuild stocks and support economic growth in the second quarter.
May 30, 2024
Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the
May 30, 2024
Artificial intelligence startup Anthropic has appointed Instagram co-founder Mike Krieger as its chief product officer, the company said on Wednesday, it looks to spruce up its AI
May 30, 2024
Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion),
May 30, 2024
Asian shares are higher as investors shrug off yet another decline on Wall Street
May 30, 2024
Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials
May 30, 2024
Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in
May 30, 2024
BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or
May 30, 2024
German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand
May 30, 2024
Canadian home sales declined 1.7% in April from March, and were up 10.1% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Wednesday.
May 30, 2024
European shares closed at a record high on Tuesday, with German's Delivery Hero notching its biggest jump on record on the sale of its Taiwan
May 29, 2024
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation
May 29, 2024
Bayer beat first-quarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO's turnaround efforts.
May 29, 2024
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people
May 29, 2024
U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert
May 29, 2024
Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan's
May 29, 2024
Boeing said on Tuesday it delivered 24 commercial airplanes last month, down by two from the 26 planes it handed over to customers during a weak April for deliveries a year ago, as the U.S
May 29, 2024
India's wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday.
May 28, 2024
The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island
May 28, 2024
U.S. Treasury Secretary Janet Yellen on Monday said abuses documented in a report on workplace problems at the U.S.
May 28, 2024
U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.
May 28, 2024
McDonald's is actively cooperating with the Chinese local market regulator to investigate and verify matters related to food issues, the company said on its Chinese website on
May 28, 2024
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance
May 28, 2024
An American quarry company has rejected the Mexican president’s campaign of criticisms and closures, and his offer to buy its property on the Caribbean coast
May 27, 2024
German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million),
May 27, 2024
Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose
May 27, 2024
U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday ahead of the start of the country's annual
May 27, 2024
Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following
May 27, 2024
McDonald's U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customers to
May 26, 2024
Europe's main stock index closed at a record high on Friday, on track for its biggest weekly gain since late January, as risk appetite was bolstered by
May 26, 2024
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors
May 25, 2024
Luciano Benetton says he's stepping down as chairman of the apparel brand
May 25, 2024
SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY
May 24, 2024
Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer
May 24, 2024
A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.
May 24, 2024
A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but
May 24, 2024
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday
May 24, 2024
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.
May 24, 2024
Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.
May 24, 2024
The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said
May 24, 2024
U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.
May 24, 2024
Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of
May 24, 2024
The NCAA and five major college sports conferences have agreed to settle antitrust allegations for nearly $2.8 billion over the next 10 years
May 23, 2024
Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on
May 23, 2024
The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio
May 23, 2024
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500
May 23, 2024
President Joe Biden has offered his deep appreciation to Kenyan President William Ruto for the coming deployment of 1,000 Kenyan police forces to help quell gang violence in Haiti
May 23, 2024
Asian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high
May 23, 2024
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry
May 23, 2024
Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on
May 22, 2024
Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.
May 22, 2024
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted
May 22, 2024
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
May 22, 2024
Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the
May 22, 2024
Within days of Russian forces invading Ukraine in early 2022, architect Oleh Drozdov made up his mind: he would move his home and business from the besieged eastern
May 22, 2024
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in
May 22, 2024
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to
May 22, 2024
Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on
May 22, 2024
Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday.
May 22, 2024
Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in
May 22, 2024
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of
May 22, 2024
U.S.
May 22, 2024
Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings
May 22, 2024
China is investigating a former senior executive of China National Offshore Oil Company, or CNOOC, for suspected "serious disciplinary violations", the country's anti-graft
May 21, 2024
An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in
May 21, 2024
Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million
May 21, 2024
An Indian state has accused yoga guru Baba Ramdev of criminal misconduct for promoting his traditional ayurvedic medicine as a cure for COVID-19 because it
May 21, 2024
The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments
May 21, 2024
The European Union cleared U.S.
May 21, 2024
The U.S. arm of German-owned discount supermarket chain Aldi urged its suppliers on Monday to drive down costs, increase production of items like cheese, bring
May 21, 2024
Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that
May 21, 2024
The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global
May 21, 2024
Asian markets are mixed in quiet trading, with most of the regions’ benchmarks inching higher after U.S. stocks hit new record highs
May 21, 2024
Warren Buffett, the 93-year-old billionaire chief of Berkshire Hathaway, mulled his future in telling shareholders on Saturday that if
May 21, 2024
Business activity in Germany's services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday.
May 21, 2024
Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday
May 20, 2024
A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting
May 20, 2024
The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le
May 20, 2024
OpenAI says it plans to halt the use of one of its ChatGPT voices that “Her” actor Scarlett Johansson says sounds “eerily similar" to her own
May 20, 2024
By Jonathan Stempel OMAHA, Neb.
May 20, 2024
Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the
May 20, 2024
Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major
May 20, 2024
Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns
May 20, 2024
The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.
May 19, 2024
Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war
May 19, 2024
Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure
May 19, 2024
German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.
May 18, 2024
The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel's proposed $15 billion takeover of U.S.
May 18, 2024
Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers
May 17, 2024
Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices. Earlier in the day, the U.S.
May 17, 2024
Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member
May 17, 2024
Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation
May 17, 2024
Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil
May 17, 2024
Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister
May 17, 2024
Peloton CEO Barry McCarthy, who was tasked in early 2022 to stem the fitness equipment maker's slide in sales from the pandemic highs, has quit as the company announced job
May 17, 2024
Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal
May 17, 2024
Investment firm TOMS Capital Investment Management has taken a "significant" position in U.S. multinational food manufacturing company Kellanova and is
May 17, 2024
An Indiana judge has cleared the way for the opening of a new restaurant after finding that “tacos and burritos are Mexican-style sandwiches."
May 16, 2024
Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructuring of
May 16, 2024
Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business
May 16, 2024
Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality demands for parts for the
May 16, 2024
Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket
May 16, 2024
A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of
May 16, 2024
The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central
May 16, 2024
Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected
May 16, 2024
U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the
May 16, 2024
Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as
May 16, 2024
Asian shares have retreated after U.S. stocks edged back from their record heights
May 16, 2024
Malaysia will boost salaries for civil servants by more than 13% from December, Prime Minister Anwar Ibrahim said on Wednesday, amid rising prices, a weak ringgit currency,
May 16, 2024
China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.
May 16, 2024
Walmart
May 16, 2024
Aircraft lessor Dubai Aerospace Enterprise (DAE) Capital will likely receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to
May 16, 2024
Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and
May 16, 2024
Starbucks on Tuesday cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand
May 15, 2024
The U.S.
May 15, 2024
Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday.
May 15, 2024
Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services (ISS)
May 15, 2024
Proxy advisor Glass Lewis has recommended shareholders vote against the reelection of three directors to Boeing's board, including outgoing CEO Dave Calhoun, citing
May 15, 2024
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these
May 15, 2024
Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed
May 15, 2024
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
May 15, 2024
Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on
May 15, 2024
Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the U.S. and international markets shell out more
May 15, 2024
Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31
May 15, 2024
The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pick-up in consumer spending and business investment, official data published on
May 15, 2024
HSBC Chief Executive Noel Quinn said on Tuesday that he plans to step down, marking the surprise departure of a hard-nosed leader who has
May 15, 2024
Fashion company Hermes vowed to 'vigorously defend itself' in a lawsuit filed against it in California claiming it unlawfully allows only customers with "sufficient purchase history"
May 15, 2024
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on
May 15, 2024
Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 billion
May 15, 2024
German retail sales rose more than expected in March, pointing to a recovery in consumption at the end of the month and boding well for the overall economy.
May 15, 2024
New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5. The bank disclosed the change in date late on Friday.
May 14, 2024
U.S. stocks gained ground on Monday and the yen surged amid suspected intervention as investors embarked on what promises to be an action-packed week.
May 14, 2024
Shares in Apple Inc closed up 2.5% on Monday after a well-known analyst at Bernstein Societe Generale Group upgraded the stock to an "outperform" rating, pointing to the
May 14, 2024
Ancora Holdings scored a victory in its battle with Norfolk Southern on Monday when proxy advisory firm Glass Lewis recommended investors in the railway replace its CEO and others with six
May 14, 2024
The sculptor who created the "Fearless Girl" statue that promoted gender diversity on Wall Street has settled a lawsuit by a State Street unit seeking to stop
May 14, 2024
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead
May 14, 2024
Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896
May 14, 2024
GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply
May 14, 2024
Mexico's economy continued to grow at a weak rate in the first quarter, due largely to a drop in manufacturing and agriculture that was only partially offset by services,
May 14, 2024
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to
May 14, 2024
Coca-Cola is gearing up for a potential initial public offering (IPO) of its African bottling business as soon as next year, Bloomberg News reported on Monday, citing people familiar with
May 14, 2024
Turkish delivery company Getir will withdraw from its remaining European and U.S. markets to focus on its main home market, it said on Monday, marking an abrupt
May 14, 2024
The transfer of the Russian subsidiary of Italian water heating firm Ariston to management by a Gazprom entity was a response to the "hostile actions" of Western countries, the
May 14, 2024
The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion
May 14, 2024
Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across
May 14, 2024
Star Entertainment said on Monday Chairman David Foster has stepped down just more than a year into the role, adding to an exodus of senior management at the beleaguered Australian casino
May 14, 2024
French media conglomerate Vivendi said a feasibility study for its planned split into four separate businesses was progressing, as it posted a nearly 87% jump in first quarter sales on
May 14, 2024
Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, trumping an offer from Concord for the music rights owner of artists such as Shakira and Red Hot Chili Peppers
May 14, 2024
Canadian billionaire Arthur L
May 13, 2024
South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to
May 13, 2024
U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on
May 13, 2024
Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company Melrose Industries for a plant in St. Louis.
May 13, 2024
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.
May 13, 2024
Oil refiner Phillips 66 reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo,
May 13, 2024
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular
May 13, 2024
French oil major TotalEnergies is "seriously" looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday, to move closer to a majority of U.S.
May 13, 2024
Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at
May 13, 2024
Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural
May 13, 2024
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as
May 12, 2024
French airport group ADP reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed
May 12, 2024
Amundi, Europe's biggest fund manager, posted better-than-expected first-quarter inflows on Friday thanks to its joint ventures in Asia and continued appetite for risk-averse
May 11, 2024
Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest son of founder Sam Walton, would retire from his position of the big-box
May 11, 2024
Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 despite
May 10, 2024
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
May 10, 2024
Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a
May 10, 2024
Boeing's credit rating faced pressure for a second time this week as S&P brought the company one step closer to a junk rating on Thursday after a
May 10, 2024
Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment
May 10, 2024
The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected.
May 10, 2024
Anglo American's London-listed shares spiked in late UK trade on Wednesday, hours before the miner announced a $39 billion bid by
May 10, 2024
South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture
May 10, 2024
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions.
May 10, 2024
Mexican cement maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to
May 10, 2024
Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks.
May 10, 2024
Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity giant Blackstone, launching a bidding war for the owner of music rights of
May 10, 2024
Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg
May 10, 2024
Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan, will be sold to Fortress
May 10, 2024
Honeywell beat Wall Street estimates for first-quarter results on Thursday as strength in its aviation business offset a slowdown in the company's industrial and building automation units.
May 10, 2024
China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs
May 10, 2024
Beverage maker Keurig Dr Pepper beat Wall Street expectations for first-quarter sales and profit on Thursday, helped by steady demand for its high-priced sodas and tonic water.
May 10, 2024
Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope
May 10, 2024
South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels
May 09, 2024
Germany's BASF began the year with a drop in sales and adjusted earnings, giving the chemical maker's new CEO plenty to tackle as he takes the
May 09, 2024
European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and
May 09, 2024
Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines' cargo business, two people with knowledge of the matter said on Thursday.
May 09, 2024
Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it
May 09, 2024
Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into
May 09, 2024
South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global
May 09, 2024
Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker
May 09, 2024
Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand for its burritos and rice bowls despite higher menu prices.
May 09, 2024
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat analyst expectations that were
May 09, 2024
A Tesla investor who successfully sued to void CEO Elon Musk's $56 billion pay package asked a Delaware judge on Wednesday to prevent the
May 09, 2024
Germany's domestic spy agency told companies on Wednesday they should be on guard against industrial espionage by Beijing, warning them not to be
May 09, 2024
New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business
May 09, 2024
Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs it began last week, the automaker disclosed on Wednesday, as it shifts focus to more
May 08, 2024
Japan Airlines will continue using both Airbus and Boeing aircraft, President Mitsuko Tottori said on Wednesday.
May 08, 2024
Optimism among British manufacturers rose to its highest since July 2021 this month, despite a drop in orders, the Confederation of British Industry said on
May 08, 2024
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services
May 08, 2024
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing
May 08, 2024
Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.
May 08, 2024
Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month.
May 08, 2024
South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM)
May 08, 2024
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in
May 08, 2024
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation
May 08, 2024
Capital A's Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief executive
May 08, 2024
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the
May 08, 2024
Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys.
May 08, 2024
Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged
May 08, 2024
British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an
May 08, 2024
Canada's Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge's proposed acquisition of Glencore
May 08, 2024
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest
May 08, 2024
Asian shares are mixed after Wall Street’s lull stretched into a second day
May 08, 2024
Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the
May 08, 2024
France's dominant services sector expanded in April for the first time in almost a year, helping offset continued weakness in manufacturing, according to a monthly
May 07, 2024
Germany's private sector unexpectedly returned to growth in April, driven by a solid rise in activity in the country’s service sector, a preliminary survey showed
May 07, 2024
Japanese electric motor maker Nidec on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce
May 07, 2024
A look at the day ahead in European and global markets from Tom Westbrook Purchasing Managers Index figures begin a data and corporate results heavy week.
May 07, 2024
India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also
May 07, 2024
Blackstone-owned Crown Resorts was found suitable to retain its Sydney casino's licence after nearly three years of intensive remediation, a gambling regulator said on Tuesday.
May 07, 2024
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard
May 07, 2024
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
May 07, 2024
Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.
May 07, 2024
Japanese video-game maker Nintendo's announcement about a successor to its Switch home console is coming sometime before March 2025
May 07, 2024
New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory
May 07, 2024
The holding company of Italy's Agnelli family has overseen a shakeup at the top of two of its major industrial groups, with Scott Wine quitting his post as CEO of farm and construction
May 07, 2024
A federal judge on Monday ruled that a small business contracted to deliver packages for FedEx on the California-Oregon border must arbitrate with FedEx over claims it made
May 06, 2024
Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its
May 06, 2024
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales
May 06, 2024
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable
May 06, 2024
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match
May 06, 2024
Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a
May 06, 2024
Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns
May 05, 2024
This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone
May 05, 2024
Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year
May 04, 2024
Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments
May 04, 2024
Hundreds of Ukrainian businesses making weapons and military equipment have sprung up since Russia's full-scale invasion, but some are struggling to fund production and
May 04, 2024
Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal
May 03, 2024
PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.
May 03, 2024
South Korea's LG Electronics has raised $800 million through a dollar bond deal, according to a term sheet reviewed by Reuters.
May 03, 2024
Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.
May 03, 2024
Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor
May 02, 2024
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
May 02, 2024
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly
May 02, 2024
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
May 02, 2024
The Federal Reserve doesn’t appear eager to cut rates.
May 01, 2024
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01, 2024
Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world
April 30, 2024
Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.
April 30, 2024
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first quarter profit
April 30, 2024
Walmart is closing its health centers and virtual care service after struggling to find success with the offerings
April 30, 2024
McDonald’s plans to step up deals and value messaging to combat slowing sales
April 30, 2024
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post
April 30, 2024
Asian stocks fall with most of the markets in the region closed for a holiday after U.S. stocks closed out their worst month since September
April 30, 2024
There aren't many newcomers in the airline business
April 29, 2024
An Oregon sports bar focusing on and showing only women's athletics has plans to expand across the country through a franchise model
April 27, 2024
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
April 26, 2024
The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”
April 26, 2024
Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when
April 26, 2024
Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a
April 26, 2024
UnitedHealth Group said on Thursday a service provided by its Change Healthcare unit was facing an issue receiving batches of medical claims from customers.
April 26, 2024
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit
April 26, 2024
Tesla is planning to lay off 300 temporary workers at its German plant near Berlin as part of plans to cut global staff, Business Insider reported on Wednesday, citing people
April 26, 2024
Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next
April 26, 2024
Tesla plans to lay off 285 employees in Buffalo, New York, a legally mandated notice showed on Wednesday, as the electric-vehicle maker trims 10% of its workforce.
April 26, 2024
Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series
April 26, 2024
Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had
April 26, 2024
Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company
April 26, 2024
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a
April 26, 2024
Boeing said on Monday it has not found fatigue cracks on in-service 787 jets that have gone through heavy maintenance, as the planemaker defended the twin-aisle aircraft program ahead of a
April 26, 2024
Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo.
April 26, 2024
Japanese companies are increasingly hitching their growth plans to the United States, as concerns about Chinese demand and Beijing's influence over
April 26, 2024
U.S. business inventories rose in February amid strong gains at retailers and wholesalers, suggesting that inventory investment could contribute to economic growth in the first
April 26, 2024
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of
April 26, 2024
Tesla's senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at the auto-maker, he said in a post on social media site X on Monday.
April 26, 2024
U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this
April 26, 2024
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
April 26, 2024
General Motors is moving its headquarters deeper into downtown Detroit after spending more than 20 years in its riverfront home at the Renaissance Center, a person familiar with
April 26, 2024
Michal Strnad, who a decade ago became head of CSG, a family defence business, is closing in on buying U.S. ammunitions maker Kinetic Group that will
April 26, 2024
Joe Russo, co-director of "Avengers: Endgame," found a memorable setting to approach the latest hire for the independent studio he founded with his brother.
April 26, 2024
Business deals that the Philippines secured at a summit with Japan and the United States will not affect China's investments in the Philippines, President Ferdinand Marcos Jr
April 26, 2024
Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all
April 26, 2024
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and
April 26, 2024
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its
April 26, 2024
Mutual fund firm T.
April 26, 2024
Tesla on Monday raised prices for all Model Y cars in the United States by $1,000, according to its website.
April 26, 2024
U.S. no-frills carrier Frontier Airlines is focusing on growing its network in "high fare" markets like Seattle and Detroit at the expense of its footprint in
April 26, 2024
California Governor Gavin Newsom and Senator Alex Padilla, both Democrats, urged the Biden administration on Monday to reverse its
April 26, 2024
The California Public Employees Retirement System (CalPERS) said on Friday the U.S. pension fund has voted to elect activist investment firm Trian Fund Management's two director
April 26, 2024
Membership in the United Auto Workers union fell 3.3% in 2023 to 370,000, its lowest level since 2009, according to a report filed on Friday with the U.S. Labor Department.
April 26, 2024
The new head of Boeing's troubled commercial airplane unit said the U.S. planemaker faces a "pivotal moment" as it works to boost quality and address significant
April 26, 2024
A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S.
April 26, 2024
The U.S. economy grew faster than previously estimated in the fourth quarter, lifted by strong consumer spending and business investment in nonresidential structures like
April 26, 2024
French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlighting the growing importance of the technology in the cars sector.
April 26, 2024
Fox Corp on Wednesday announced its entertainment studio will be restructured across three key business segments - entertainment, television and streaming platforms, and worldwide sales
April 26, 2024
Ford is planning to produce a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday.
April 26, 2024
Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year
April 26, 2024
Tesla will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United States, according to
April 26, 2024
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people
April 26, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Investors appear happy to sit on punchy first quarter stock gains as March drifts to quiet finish, with the dollar back under wraps
April 26, 2024
Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.
April 26, 2024
China's President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his
April 26, 2024
Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world's
April 26, 2024
Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named
April 26, 2024
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder
April 26, 2024
Sales of new U.S. single-family homes unexpectedly fell in February, but data for the prior month was revised higher, pointing to underlying strength as a shortage of previously
April 26, 2024
Nissan Motor said on Monday it would aim to sell 1 million more vehicles globally over the next three years, launching 30 new models by the fiscal year ending in March 2027.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Citigroup said on Monday it has concluded its previously announced bank-wide reorganization.
April 26, 2024
British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two
April 26, 2024
Vague provisions in Hong Kong's new national security law around state secrets and links to foreign entities have put on edge many global
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Nvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work,
April 26, 2024
America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically
April 26, 2024
Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S.
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
U.S.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Brazilian planemaker Embraer expects both its aircraft deliveries and revenues to grow in 2024, the company said on Monday.
April 26, 2024
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,
April 26, 2024
The U.S. Chamber of Commerce said on Thursday it has filed a lawsuit against the U.S.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
U.S.
April 26, 2024
U.S. business inventories were unexpectedly unchanged in January as increases in stocks at retailers were offset by declines at manufacturers and wholesalers.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
How long can Nvidia and its CEO, Jensen Huang, wear the crown as the tech world's dominant supplier of artificial-intelligence chips?
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans.
April 26, 2024
Zara owner Inditex said on Wednesday its net income for 2023 rose to 5.4 billion euros as the fast-fashion giant bet on
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina's board, sparing the U.S. gene sequencing company
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
A federal judge in Texas on Friday struck down a U.S.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Lufthansa warned on Thursday its operating losses in the first quarter will widen and gave a subdued outlook for 2024 as the
April 26, 2024
Mergers and acquisitions activity is poised to rebound later this year after a sluggish 2023 as the Federal Reserve is expected to cut
April 26, 2024
Lindt & Spruengli reported a rise in annual profit on Tuesday as the Swiss chocolate maker managed to
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Ending discriminatory laws and practices that prevent women from working or starting businesses could raise global gross domestic product by more than 20%,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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-
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Boeing is in talks to buy its former subsidiary Spirit AeroSystems while it delayed plans for suppliers to ramp up 737 jetliner
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
Germany wants Big Tech companies Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
SK Telecom, South Korea's largest telco, is partnering with U.S.
April 26, 2024
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
April 26, 2024
U.S.
April 26, 2024
Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
Vietnamese electric vehicle (EV) maker VinFast reported a 133% jump in fourth-quarter revenue on Thursday, driven by increased deliveries to domestic customers.
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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).
April 26, 2024
By Stephen Nellis and Max A.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Most of the Japanese companies surveyed by the Japan External Trade Organization (JETRO) stuck to their earlier decisions to partially or fully suspend operations
April 26, 2024
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).
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
A Starbucks labor group on Friday sent a letter to the U.S.
April 26, 2024
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
April 26, 2024
U.S. business inventories rebounded in December, driven by rising stocks at retailers and wholesalers.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Using artificial intelligence has already increased sales for around two thirds of the telecoms professionals surveyed for technology giant Nvidia.
April 26, 2024
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
April 26, 2024
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
April 26, 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
April 26, 2024
Companies need to ensure they are disclosing accurate information, especially if they are using artificial intelligence, the head of the U.S.
April 26, 2024
Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Exchange operator Nasdaq has signed a partnership agreement with the Ukrainian government aimed at supporting the development of Ukrainian capital markets, the U.S.
April 26, 2024
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"
April 26, 2024
Warren Buffett is taking on Build-A-Bear.
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
By M.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
U.S. wholesale inventories rebounded in December, the government confirmed on Thursday, boosted by a surge in motor vehicle stocks.
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
U.S private equity firm Apollo Global Management Inc is in talks to buy a minority stake in the Middle East,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Tesla managers have been asked whether each of their employees' positions were critical, stoking layoff fears in the company, Bloomberg News reported on Wednesday.
April 26, 2024
Ryanair is concerned by shortcomings identified by U.S. regulators in a report into the Alaska Airlines 737 MAX 9 accident, and increased regulatory
April 26, 2024
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.
April 26, 2024
Some of the world's top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
DuPont de Nemours beat Wall Street estimates for fourth-quarter profit on Tuesday, as the chemicals maker benefited from cost-cutting measures.
April 26, 2024
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.
April 26, 2024
Canadian economic activity expanded at its fastest pace in nine months in January, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
A judge has rejected Abbott Laboratories' effort to dismiss a New York City grandmother's lawsuit claiming it misled consumers into believing its PediaSure
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
The shakeout in the global electric-vehicle industry is picking up speed.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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."
April 26, 2024
Argentina's libertarian President Javier Milei is seeking a hook-up through Tinder: with global Big Tech.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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,
April 26, 2024
The chairs of two U.S.
April 26, 2024
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.
April 26, 2024
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies,
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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."
April 26, 2024
The U.S.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Railroad operator Union Pacific beat estimates for fourth-quarter profit on Thursday on price hikes and volume gains.
April 26, 2024
Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make
April 26, 2024
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
April 26, 2024
Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Chemicals maker Dow beat Wall Street estimates for fourth-quarter profit on Thursday, helped by a pick-up in product sales volumes.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 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.
April 26, 2024
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-
April 26, 2024
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
April 26, 2024
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
April 26, 2024
The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with
April 26, 2024
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 $
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Verizon Communications said on Wednesday that it would record a non-cash goodwill impairment charge of about $5.8 billion in the fourth quarter.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Global executives are increasingly worried about the long term viability of their businesses, a PricewaterhouseCoopers pre-Davos
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Morgan Stanley promoted 155 employees to managing director this year, fewer than its 2023 cohort of 184, said a person familiar with the
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Japan's top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S.
April 26, 2024
Healthcare dealmakers are making their way to San Francisco for a major industry
April 26, 2024
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
April 26, 2024
The chairman of France's biggest supermarket chain E.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
U.S. manufacturing contracted further in December, though the pace of decline slowed amid a modest rebound in production and improvement in factory employment.
April 26, 2024
Intel on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Struggling liquefied natural gas (LNG) developer Tellurian on Thursday said it has hired a financial advisor to assist in balance sheet management.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
The U.S.
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Australia's Allkem investors have approved Livent Corp $10.6 bln merger on proxy votes at a shareholder meeting in Perth on Tuesday.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
Japan's Nippon Steel's $14.9-billion acquisition of U.S.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
U.S. business inventories unexpectedly fell in October, suggesting that inventory investment could weigh on economic growth this quarter.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Citigroup will split its Mexico retail unit
April 26, 2024
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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,
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Starbucks has reached out to the union representing hundreds of its stores in the United States, Bloomberg News reported on Friday.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire
April 26, 2024
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 "
April 26, 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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Cybersecurity firm SentinelOne on Tuesday forecast fourth-quarter revenue above Wall Street estimates and raised its annual revenue outlook, as cybersecurity spending remains strong.
April 26, 2024
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
April 26, 2024
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
The bull is nearly loose.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Walt Disney CEO Bob Iger said at the Dealbook conference he "will definitely step down" at the end of 2026.
April 26, 2024
Jeff Ubben, one of Wall Street's most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed
April 26, 2024
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
April 26, 2024
Japan's Nippon Life Insurance will acquire Nichii Holdings for about 210 billion yen ($1.41 billion), the Nikkei reported on Tuesday.
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
The Federal Aviation Administration has cleared Boeing to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI
April 26, 2024
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
April 26, 2024
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
April 26, 2024
Morgan Stanley co-President Andy Saperstein has been diagnosed with cancer, he wrote in an internal memo seen by Reuters on Tuesday.
April 26, 2024
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.
April 26, 2024
Shares were generally flat on Monday in thin trading ahead of the U.S.
April 26, 2024
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,
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
The CEO of Cruise, General Motors’ robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the
April 26, 2024
Amazon.com on Friday announced it is trimming roles its Alexa unit, according to an email to staff viewed by Reuters.
April 26, 2024
Brazilian planemaker Embraer expects its revenue to grow by about 20% in 2024, its chief executive said on Friday.
April 26, 2024
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
April 26, 2024
The U.S.
April 26, 2024
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.
April 26, 2024
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
April 26, 2024
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.
April 26, 2024
Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "
April 26, 2024
Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S.
April 26, 2024
U.S. industrial conglomerate 3M said on Thursday its independent healthcare business would be called Solventum following its spinoff.
April 26, 2024
U.S. producer prices fell by the most in three-and-a-half years in October amid a sharp drop in the cost of gasoline, the latest indication of subsiding inflation pressures.
April 26, 2024
ValueAct Capital Management has bought stakes in job search site Indeed's parent Recruit Holdings and in online travel services provider Expedia Group and
April 26, 2024
Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on
April 26, 2024
Western investors in Russian companies are bracing for a new presidential decree under consideration in Moscow which
April 26, 2024
The U.S.
April 26, 2024
Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp and had raised its stake in Walt
April 26, 2024
Boasting a booming share price, Salesforce attracted more investor cash during the third quarter even as one of the software company's early public critics
April 26, 2024
Berkshire Hathaway said it has shed its holdings in General Motors, Johnson & Johnson and Procter & Gamble, and trimmed its stake in Amazon.com, as the conglomerate
April 26, 2024
U.S. small business sentiment fell for a third consecutive month in October, signaling inflation and labor difficulties could be having a prolonged effect on
April 26, 2024
Top business leaders in the United States are expected to dine with Chinese President Xi Jinping in San Francisco on Wednesday as he seeks to court
April 26, 2024
Japanese chip foundry venture Rapidus plans to open an office on the West Coast of the United States by the end of this year, TV Tokyo reported on Tuesday citing the company's
April 26, 2024
Canada's Sun Life Financial posted a fall in third-quarter profit on Monday, hurt by a lower income from its individual insurance business.
April 26, 2024
Saudi Arabia's newest airline Riyadh Air is still in talks with planemakers to place an order for narrow-body jets, its chief operating officer said on Monday.
April 26, 2024
JBS SA, the world's biggest meatpacker, reported an 86% drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais ($
April 26, 2024
Citadel Securities, one of the world's biggest market-making firms, is "actively exploring" establishing a licensed onshore business in China, its
April 26, 2024
Spanish construction group ACS has hired Societe Generale's investment bank to sell its services unit Clece, Expansion newspaper reported on Monday, citing unidentified finance
April 26, 2024
Turkey's Koc Holding said on Friday it revoked an earlier agreement with Ford and South Korean battery maker LG Energy Solution (LGES) for a
April 26, 2024
China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and
April 26, 2024
China's Zeekr Intelligent revealed wider losses for the first half of the year on Thursday, as the electric car brand made its paperwork public for a stock market listing
April 26, 2024
UnitedHealth's pharmacy benefit manager unit said on Thursday it was adding eight insulin products to its reimbursement list that would limit out-of-pocket spend to $35 or less.
April 26, 2024
A Russian court fined three foreign companies on Thursday a total of 15 million roubles ($163,200) for what it said was a repeated failure to comply with data storage law, Russian
April 26, 2024
President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of
April 26, 2024
WeWork is making its first U.S. bankruptcy court appearance on Wednesday, seeking to advance a restructuring proposal that could cut $3 billion in debt and
April 26, 2024
Shares of Spirit AeroSystems dropped 15% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier.
April 26, 2024
Goldman Sachs plans to offload its General Motors credit cards, a person familiar with the matter told Reuters on Tuesday.
April 26, 2024
Farm and construction equipment maker CNH Industrial said on Tuesday its plan to abandon the Milan stock market and retain a single listing for its shares on the New York Stock
April 26, 2024
Airbus needs to deliver 161 aircraft in the last two months of the year to reach its full-year delivery target, fractionally below the performance seen in the closing stages of last
April 26, 2024
Lyft's price cuts may have helped the ride-hailing firm make a small dent in Uber's U.S. market share, but not enough to prevent the bigger rival from reporting its second
April 26, 2024
Taiwan's Foxconn, the world's largest contract electronics maker and a major supplier to Apple, on Sunday reported October sales down 4.56% year on year.
April 26, 2024
U.S. health insurer Cigna Group is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older
April 26, 2024
Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent company of hockey's Toronto Maple Leafs and
April 26, 2024
Canadian economic activity expanded at a slightly faster pace in October as a measure of prices fell to its lowest level in six months, Ivey Purchasing Managers Index (PMI) data
April 26, 2024
Air New Zealand said on Tuesday that a change in the servicing schedule of RTX's Pratt & Whitney engines could significantly impact the airline's services for up to two years.
April 26, 2024
The U.S. services sector slowed for a second straight month in October, but momentum is likely to pick up in the near term amid an acceleration in growth in new orders.
April 26, 2024
Telecom Italia (TIM) directors will on Friday begin assessing a multi-billion euro bid for its fixed-line grid from U.S fund KKR, part of a government-backed plan
April 26, 2024
Starbucks is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday.
April 26, 2024
Utility Sempra on Friday topped estimates for quarterly profit on strength in its energy infrastructure business, sending its shares up 2.3% in early trading.
April 26, 2024
The Royal Bank of Canada (RBC) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S.
April 26, 2024
Expedia Group on Thursday announced a new share buyback plan of $5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from
April 26, 2024
U.S. manufacturers reported an unexpectedly widespread fall in business activity in October, postponing the sector’s exit from the prolonged downturn that began in late
April 26, 2024
Walmart Foundation, the philanthropy arm of the U.S. retailer, has pledged $1 million to an Israeli disaster relief and emergency medical service organization.
April 26, 2024
U.S. amusement park operators Cedar Fair and Six Flags Entertainment on Thursday agreed to merge to fortify their business amid a slowdown in consumer spending.
April 26, 2024
The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable
April 26, 2024
Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer's U.S. unit logged strong growth driven by higher net investment spread and lower
April 26, 2024
Novo Nordisk said on Thursday it will supply "significantly" more doses of Wegovy in the U.S. next year, even as it cautioned
April 26, 2024
Marriott International reported a rise in quarterly profit on Thursday, as the U.S. hotel operator benefited from resilient travel demand.
April 26, 2024
JPMorgan Chase CEO Jamie Dimon said Texas risks hurting its business-friendly reputation with laws that seek to punish Wall Street banks for policies limiting work with the gun and fossil
April 26, 2024
A company owned by
April 26, 2024
Ford reported a 5.3% drop in total U.S. vehicle sales in October against the backdrop of the recent United Auto Workers (UAW) union strike at some of its facilities.
April 26, 2024
U.S. amusement park operator Cedar Fair LP is exploring a potential merger with peer Six Flags Entertainment Corp, people familiar with the
April 26, 2024
Shares in Douglas Elliman, Redfin, Compass and eXp World Holdings fell on Wednesday after they were sued for allegedly conspiring to
April 26, 2024
American International Group exceeded third-quarter profit expectations on Wednesday, driven mainly by growth at its general insurance and life and retirement units.
April 26, 2024
Royal Bank of Canada has injected about $2.95 billion into its U.S. unit City National Bank (CNB) so far this year to bolster its capital, making one of the
April 26, 2024
Navigation equipment maker Garmin Ltd raised its annual sales forecast ahead of the crucial holiday shopping period as strength in its auto and fitness businesses helped it beat third-
April 26, 2024
Vodafone's bid on Tuesday to sell its Spanish business is the latest move by European telecom firms trying to strengthen their financial health by divesting
April 26, 2024
Denbury said on Tuesday its shareholders approved the company's merger with Exxon Mobil, with the deal closing expected on Nov. 2.
April 26, 2024
A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs's proposed acquisition of U.S.
April 26, 2024
Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher investment returns, sending shares up
April 26, 2024
U.S. retail chain Walmart on Monday said it is investing more than $9 billion over a two-year period to upgrade and modernize some U.S. stores with improved
April 26, 2024
State Street Corp said on Monday its CEO and Chairman Ron O'Hanley will take on an additional role as the bank's president after Louis Maiuri retires, set for early next year.
April 26, 2024
McDonald's beat Wall Street estimates for quarterly results on Monday, powered by new launches, promotions and demand for its more affordable burgers and fries from
April 26, 2024
The former head of Exxon Mobil's shale oil and gas business will return as senior vice president over the operation following his successor's arrest earlier this
April 26, 2024
The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to
April 26, 2024
Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil
April 26, 2024
A London-based investment firm representing Telecom Italia (TIM) shareholders owning under 3% of the group is seeking to challenge its plan to sell its landline
April 26, 2024
AbbVie, girding for government price negotiations on its big-selling cancer drug Imbruvica, on Friday disclosed a $2.1 billion charge related to an expected drop in revenue
April 26, 2024
A U.S. business delegation dispatched to Northern Ireland by President Joe Biden talked up opportunities created by the region's bespoke post-Brexit trade
April 26, 2024
Unilever's new chief executive Hein Schumacher on Thursday laid out long-awaited plans to simplify the business after admitting it had underperformed in recent years, but shares
April 26, 2024
Sports behemoth Endeavor Group Holdings said on Wednesday it has begun a formal review to evaluate strategic alternatives for the company, but would not consider the sale or disposition of
April 26, 2024
Mastercard on Thursday reported a rise in third-quarter profit, as strength in consumer spending held up against fears of an economic slowdown.
April 26, 2024
Hyundai Motor said on Thursday it would not delay plans to roll out new electric vehicles and was upbeat about prospects for continued growth this year
April 26, 2024
Hershey beat Wall Street expectations for quarterly sales on Thursday, riding on benefits from higher prices of its chocolates and candies.
April 26, 2024
General Motor's Cruise has decided to pause driverless operations across its fleets, the company said on Thursday.
April 26, 2024
Sam Bankman-Fried was due to take the stand on Thursday and become the latest senior business executive to testify at their own white-collar criminal trial in the U.S. in
April 26, 2024
Chipotle Mexican Grill surpassed market expectations for quarterly results on Thursday, as demand for its burritos, rice bowls and special menu promotions defied higher prices and weakness
April 26, 2024
Boeing's defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing
April 26, 2024
Warner Bros Discovery said on Wednesday the head of its consumer products division, Pam Lifford, was leaving and her role would be divided among senior leaders.
April 26, 2024
A broad swath of global industrial and consumer bellwethers reported stronger-than-expected earnings in their most recent quarter, as resilient spending patterns kept
April 26, 2024
U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid
April 26, 2024
U.S. business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on
April 26, 2024
U.S. defense contractor General Dynamics reported a jump in third-quarter revenue on Wednesday, as buoyant demand for military equipment boosted sales of its business lines.
April 26, 2024
Mac computer and iPhone maker Apple on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent
April 26, 2024
Oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for third-quarter profit on higher production, days after agreeing to be bought by larger U.S. rival Chevron Corp for
April 26, 2024
Boeing on Wednesday cut its 737 delivery forecast for this year due to quality issues at supplier Spirit AeroSystems, a temporary setback to the planemaker that is looking to recover from
April 26, 2024
Stocks wobbled on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, as even Google parent Alphabet
April 26, 2024
Apple Inc is raising the subscription prices of Apple TV+ and Apple News+, according to its website.
April 26, 2024
Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's
April 26, 2024
Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial
April 26, 2024
Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple supplier Foxconn, saying Beijing should "cherish"
April 26, 2024
Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China.
April 26, 2024
British electric truck maker Tevva has "re-engaged" with a number of possible merger partners following ElectraMeccanica's decision earlier this month to cancel their
April 26, 2024
More than a year after the U.S.
April 26, 2024
By Saikeerthi .
April 26, 2024
Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the Detroit
April 26, 2024
German electric vehicle maker Next.e.GO Mobile plans to build three new Europe and U.S. microfactories over the next couple of years as it expands production of its
April 26, 2024
Louis Dreyfus Company will build a soybean-processing plant in Ohio, the global crop merchant said on Friday, adding to a booming expansion of oilseed crushing in North America
April 26, 2024
Kioxia Holdings has reached out to state-backed Japan Industrial Partners (JIC) to invest in a planned merger of its flash memory business with that of Western Digital, Bloomberg
April 26, 2024
China's Vice Premier Ding Duexiang told Apple CEO Tim Cook the group was welcome to participate in developing China's digital economy, as Cook made a surprise visit to Beijing less
April 26, 2024
WeWork's Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley
April 26, 2024
A U.S. appeals court upheld Nasdaq's board diversity rule on Wednesday, requiring companies listed on the exchange to have women and minority directors on their boards or
April 26, 2024
Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and
April 26, 2024
Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from the
April 26, 2024
ChatGPT creator OpenAI is in talks to sell existing employees' shares at an $86 billion valuation, Bloomberg News reported citing people with knowledge of the matter.
April 26, 2024
Mexico's Nuevo Leon state said on Thursday that Tesla was still planning to build a factory and that the government would spend more than $130 million on infrastructure to
April 26, 2024
Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with
April 26, 2024
Chip-making tools supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday, as demand from chipmakers remained under pressure due to sluggish
April 26, 2024
U.S. companies across sectors such as food and beverage makers and manufacturers of glucose monitors have faced investor questions over the risk to future sales from the growing popularity
April 26, 2024
Costco Wholesale said on Wednesday CEO Craig Jelinek would step down from his role by the end of the year and be succeeded by operations head Ron Vachris.
April 26, 2024
American Airlines has placed a firm order for four Embraer E175 jets to fly with its subsidiary Envoy Air, the Brazilian planemaker said on Thursday, marking the carrier's second
April 26, 2024
U.S. stocks ended sharply lower on Wednesday, with the S&P 500 and Nasdaq falling more than 1% each, as Treasury yields rose again and investors assessed
April 26, 2024
U.S. business inventories increased a bit more than expected in August even as sales surged, suggesting inventory investment could provide a lift to economic growth in the third
April 26, 2024
U.S. coffee chain Starbucks has rolled out a new smaller cup size in China, its second largest market, in an aim to attract customers as competition in
April 26, 2024
Starboard Value's Jeff Smith said on Tuesday that News Corp. investors are not receiving the full value of the company's various divisions and that spinning off the Dow Jones news
April 26, 2024
FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivolous," pushing back against
April 26, 2024
Microsoft is preparing to bring Amazon.com as a customer for its 365 cloud productivity tools in a deal worth over $1 billion, news site Insider reported on Tuesday, citing an internal
April 26, 2024
The sale of struggling Premier League club Everton to 777 Partners has stalled as the U.S. investment fund is yet to provide audited financial statements to a British regulator, the New
April 26, 2024
U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing on Wednesday, days after it filed for bankruptcy protection.
April 26, 2024
China's commerce minister Wang Wentao met with Apple's Chief Executive Tim Cook in Beijing on Wednesday, according to a statement by the Chinese commerce ministry.
April 26, 2024
Bank of America beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from
April 26, 2024
Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106
April 26, 2024
The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs and
April 26, 2024
Philippines budget carrier Cebu Pacific is looking to order 100-150 aircraft from either Boeing or Airbus worth up to $12 billion, its president said on Tuesday.
April 26, 2024
Shares of Manchester United fell as much as 23% on Monday after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25% stake in the soccer club raised concerns
April 26, 2024
U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a way that would help the phone group more easily sustain its
April 26, 2024
Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about 8,500
April 26, 2024
The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden
April 26, 2024
Two executives who helped make recommendations in some of America's biggest proxy contests and contested mergers left BlackRock and Institutional
April 26, 2024
A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers, sharply criticized the Biden administration proposal to drastically hike
April 26, 2024
U.S. ecommerce firm Amazon said on Tuesday it would launch its online shopping service in South Africa in 2024, entering a market dominated by Naspers' TakeAlot.
April 26, 2024
Qatar's Sheikh Jassim bin Hamad al Thani has informed the Glazer family that
April 26, 2024
Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its
April 26, 2024
U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through
April 26, 2024
Viasat said it expects to recover less than 10% of the planned throughput on ViaSat-3 F1, its satellite that malfunctioned during deployment in July, but it was confident it could
April 26, 2024
Tesla Inc will urge a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a
April 26, 2024
Digital World Acquisition Corp (DWAC), the blank-check acquisition company that plans to merge with former U.S.
April 26, 2024
The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors
April 26, 2024
U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia's (TIM) landline grid by a deadline on Sunday as part of a government-backed plan to
April 26, 2024
The conflict in the Middle East will have "ripple effects that extend far beyond the region", JPMorgan Chase's CEO Jamie Dimon warned in an internal memo to employees seen by Reuters.
April 26, 2024
Shares of Dollar General jumped 8% premarket on Friday, as investors and analysts drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away
April 26, 2024
Dollar General brought back former chief Todd Vasos to replace CEO Jeffery Owen less than a year after his appointment, sending the company's shares up nearly 7% in trading after the bell
April 26, 2024
Citigroup Inc said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the city state.
April 26, 2024
California Attorney General Rob Bonta said on Thursday that his office was concerned about Kroger's proposed deal to buy rival Albertsons for $24.5 billion, and may sue to stop
April 26, 2024
Boeing and Spirit Aerosystems earlier this week expanded the scope of their ongoing inspections related to aft pressure bulkhead structure on the 737 Max 8 aircraft, the Air Current
April 26, 2024
Shares of Birkenstock dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut.
April 26, 2024
President Joe Biden will meet with the chief executives of several large companies on Thursday to get their perspective on the U.S. economy, a White House official said.
April 26, 2024
U.S. pharmacy chain operator Walgreens Boots Alliance will name Tim Wentworth as its new chief executive, the Wall Street Journal reported on Tuesday.
April 26, 2024
Printer maker Xerox Holdings on Wednesday said it had sold its operations in Russia to local management for an undisclosed sum, becoming the latest Western business to
April 26, 2024
U.S.
April 26, 2024
Nelson Peltz's Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet on Walt Disney Co
April 26, 2024
Top U.S. oil producer Exxon Mobil is in talks to pay more than $250 per share for Pioneer Natural Resources Co, Bloomberg News reported on Tuesday.
April 26, 2024
Brazilian planemaker Embraer is confident it will meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to
April 26, 2024
Walt Disney Co said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant
April 26, 2024
Luxury sandal maker Birkenstock notched a valuation of $8.32 billion in its market debut on Wednesday after shares opened 11% below their offer price.
April 26, 2024
Birkenstock's stock ended more than 12% below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut
April 26, 2024
Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the
April 26, 2024
U.S. small business sentiment declined slightly again in September on continued concern over inflation and persistent labor shortages, a survey published on
April 26, 2024
Honeywell said on Tuesday it is realigning its business to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, while strong demand may lead to
April 26, 2024
Several global companies have temporarily shut some operations in Israel and asked their employees to work from home after the country came under a surprise attack by Palestinian Islamist
April 26, 2024
Activist investor Nelson Peltz's Trian Fund Management has accumulated a stake worth more than $2.5 billion and is planning a fresh push for board seats at Disney, the Wall Street Journal
April 26, 2024
Tesla has signed a leasing contract with Shanghai Waigaoqiao Free Trade Zone Group to open a massive sales and service centre in an industrial park in the city, its biggest one in
April 26, 2024
U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car
April 26, 2024
Kombucha beverage brewer JuneShine, which counts celebrities like comedian Whitney Cummings and YouTube star Cody Ko among its investors, is exploring a
April 26, 2024
A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been
April 26, 2024
Birkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a
April 26, 2024
A major U.S. law firm has changed its criteria for a fellowship aimed at promoting diversity in the legal profession, marking the second time a firm has done so in the face
April 26, 2024
Puma Chief Executive Arne Freundt said that the sportswear company expects to return to double-digit growth in China this year, according to an interview released by the Euro am
April 26, 2024
Australian gold miner Newcrest Mining on Friday said Newmont Corporation, its suitor for a proposed A$26.2 billion ($16.68 billion) buyout, had received all government regulatory approvals
April 26, 2024
Australian billionaire Gina Rinehart raised her stake again in lithium producer Liontown Resources, giving her enough leverage to possibly block
April 26, 2024
By Max A.
April 26, 2024
Lamb Weston Holdings raised its full-year net sales and profit forecasts on Thursday, banking on higher prices for its ready-to-cook frozen potato appetizers and easing cost pressures,
April 26, 2024
U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible
April 26, 2024
The Federal Reserve said on Thursday that credit it has extended to help wind down failed banks marked a big drop in the latest week.
April 26, 2024
Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion,
April 26, 2024
Shares in Clorox were down 8.1% on Thursday, after hitting their lowest level since May 2018, after the cleaning supplies company's warned that an August cyber attack would push it into a
April 26, 2024
U.S. passenger railroad Amtrak's $2.3 billion plan to replace its high-speed Acela train cars is more than three years behind schedule and faces more likely
April 26, 2024
The S&P 500 index closed at its lowest level since June 1 on Tuesday as economic data underscored the view the Federal Reserve may need to keep interest
April 26, 2024
Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this
April 26, 2024
Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its
April 26, 2024
Boeing plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders and the
April 26, 2024
Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50 million euros ($52.9 million) it had given the company over failure to
April 26, 2024
Boaz Weinstein's coalition has sweetened its offer for hedge fund firm Sculptor Capital Management, the Wall Street Journal reported on Monday, citing people familiar with the matter.
April 26, 2024
In early 2021, investment management firm Artisan Partners sent an open letter to an incoming member of Danone's board, saying it had built a stake of more than 3% in the French
April 26, 2024
Endeavor Group and Boston Red Sox owner Fenway Sports Group have expressed interest in investing in the PGA Tour, according to a source familiar with the negotiations.
April 26, 2024
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power
April 26, 2024
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, the electric-vehicle
April 26, 2024
Royal Bank of Canada (RBC) on Friday said it had injected capital into City National to strengthen the Los Angeles-based subsidiary's liquidity position and pay down higher-cost borrowing.
April 26, 2024
Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive
April 25, 2024
Chipotle says its employees can choose chicken again
April 25, 2024
Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight
April 25, 2024
There are better ways to keep employees on board, such as boosting pay and providing better benefits.
April 25, 2024
A rule issued by the Environmental Protection Agency would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down
April 25, 2024
Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles
April 25, 2024
Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline
April 24, 2024
Oracle Corp. CEO Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry
April 24, 2024
Boeing is reporting a $355 million loss for the first quarter
April 24, 2024
Asian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index
April 24, 2024
Hong Kong's bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses.
April 24, 2024
Japan's annual business-to-business service inflation accelerated for the second month to hit 2.3% in March, data showed on Wednesday, suggesting firms continued to pass on rising
April 23, 2024
Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend.
April 23, 2024
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court
April 23, 2024
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters
April 23, 2024
Asian benchmarks are mostly higher after U.S. stocks clawed back some of their losses from last week
April 23, 2024
The U.S. Supreme Court is set to hear oral arguments in a case filed by Starbucks against the National Labor Relations Board
April 23, 2024
The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict
April 23, 2024
A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China
April 23, 2024
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd
April 22, 2024
Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores
April 22, 2024
AIG said on Monday that David McElroy, the chairman of its general insurance unit, will retire effective May 1.
April 22, 2024
Malaysia plans to build Southeast Asia's largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract
April 22, 2024
Netflix gained another 9.3 million subscribers to start the year while its still-emerging expansion into advertising helped produce financial results that exceeded analysts’ estimates
April 18, 2024
Persistently high interest rates have led Missouri lawmakers to significantly expand a state loan program for farmers and small businesses
April 18, 2024
Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers
April 18, 2024
Asian shares have advanced even after sinking technology stocks sent Wall Street lower again
April 18, 2024
A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government
April 17, 2024
Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained
April 17, 2024
Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday
April 17, 2024
Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years
April 16, 2024
Chunky bootmaker Dr. Martens is warning of a tough year ahead
April 16, 2024
Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates
April 16, 2024
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub
April 16, 2024
The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks
April 16, 2024
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday
April 15, 2024
Momofuku, a food and restaurant brand started by chef David Chang, says it won’t defend its trademark on the name “chile crunch” after it sparked an outcry by sending cease-and-desist letters to other businesses using the term
April 13, 2024
U.S. Steel shareholders have overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds
April 12, 2024
Amazon is adding artificial intelligence visionary Andrew Ng (EE-ng) to its board of directors
April 11, 2024
A federal judge has ruled that Woodford Reserve undermined unionization efforts at its Kentucky distillery by awarding pay raises, relaxing its vacation policy and handing out bottles of whiskey to workers before a vote on whether to unionize
April 10, 2024
Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain
April 10, 2024
The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years
April 10, 2024
Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.
April 10, 2024
Asian shares are mostly higher as investors looked ahead to earnings reports from top global companies and a consumer prices report that will be a gauge for U.S. inflation
April 08, 2024
Kiss agreed to sell their catalog, brand name and IP to Swedish company Pophouse in a deal estimated to be over $300 million
April 04, 2024
There’s a race underway to build artificial general intelligence, a futuristic vision of machines that are broadly as smart as humans or at least can do many things as well as people can
April 04, 2024
Disney shareholders have rallied behind longtime CEO Robert Iger
April 03, 2024
Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly
April 03, 2024
General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday
April 02, 2024
The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit
April 02, 2024
United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected
April 01, 2024
The Federal Aviation Administration (FAA) on Friday said it certified General Dynamics Corp's Gulfstream flagship G700 business aircraft,
March 29, 2024
Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions
March 29, 2024
Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion
March 28, 2024
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars
March 28, 2024
Former President Donald Trump is hawking Bibles as he runs to return to the White House
March 26, 2024
Krispy Kreme and McDonald’s are getting together over breakfast
March 26, 2024
U.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future
March 26, 2024
As Donald Trump’s social media company begins trading publicly, would-be investors might ask themselves if the stock is too pricey and potentially too volatile
March 25, 2024
A union representing many of Germany's train drivers says it and the country's main railway operator have reached a deal in a long dispute over working hours and pay that was marked by a string of strikes
March 25, 2024
Linda L
March 24, 2024
Peru declares environmental emergency after oil spill
The strike against Amazon is over but Teamsters warn: ‘Stay tuned’
Putin says there is no time to sign new Ukraine gas transit deal this year
Iran's Pezeshkian to visit Moscow Jan 17, RIA reports, citing Iranian envoy to Russia
Manmohan Singh, India’s former prime minister, dies aged 92, says hospital
Column-Why US Congress restored Social Security benefits for public-sector retirees: Mark Miller
‘Wicked’ will make its streaming debut on New Year’s Eve, with deleted and extended scenes
Detroit Red Wings fire coach Derek Lalonde, name Todd McLellan as his replacement
Powerful thunderstorms rumble across Texas, delaying holiday travel