Mega Millions player in California wins $1.3 billion jackpot
Case of Italian journalist detained in Iran "complicated", Rome says
Elon Musk backs AfD party in German newspaper opinion piece
Sweden embarks on a sober search for more cemetery space in case of war
Turkish FM discusses with Blinken need to cooperate with new Syrian administration
Iran says 2025 'important year' for nuclear issue
CNN’s top 100 digital stories of 2024
Eli Manning and Antonio Gates are among the finalists for the Pro Football Hall of Fame
Panthers place 1,000-yard rusher Chuba Hubbard on IR for final 2 games with strained calf
Business|Finance|US
Dollar’s stubborn strength dents US companies’ earnings cheer
A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.
May 24, 2024Business
Business|Europe|Finance|Stock Markets
Europe sees two-speed IPO recovery as smaller deals lag
A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but
May 24, 2024
Asia|Business|Finance|Technology
Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday
May 24, 2024
Business|Finance|US
Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.
May 24, 2024
Business|Finance|News|Stock Markets|US
Trulieve Cannabis' quarterly loss narrows on demand boost
Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.
May 24, 2024
Business|News|Technology
Emirates boss says unhappy with Boeing delays in fixing 777X problems
The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said
May 24, 2024
Business|Economy|Finance|US
Citgo Petroleum reports first quarter profit of $410 million
U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.
May 24, 2024
Business|Economy|Entertainment|Finance
Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid
Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of
May 24, 2024
Business|Education|Finance|Sports
NCAA, leagues back $2.8 billion settlement, setting stage for current, former athletes to be paid
The NCAA and five major college sports conferences have agreed to settle antitrust allegations for nearly $2.8 billion over the next 10 years
May 23, 2024
Business|Finance|Stock Markets|US
The rise and fall of Bill Hwang's Archegos Capital Management
Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on
May 23, 2024
News|Economy|Environment|US
Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment
The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio
May 23, 2024
Business|Stock Markets|Technology|US
Nvidia's stock is expensive. A look at why, and how that should change, by the numbers
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500
May 23, 2024
Africa|News|World
Biden thanks Kenya's Ruto for sending police to Haiti and defends keeping US forces from the mission
President Joe Biden has offered his deep appreciation to Kenyan President William Ruto for the coming deployment of 1,000 Kenyan police forces to help quell gang violence in Haiti
May 23, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Stock market today: Asian shares track Wall Street's slide on worries over interest rates
Asian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high
May 23, 2024
Business|Entertainment|Technology
Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry
May 23, 2024
News|Crime|Europe|World
Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt
Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on
May 22, 2024
Business|Finance|Stock Markets|US
HF Sinclair beats quarterly profit view, announces $1 billion share buyback
Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.
May 22, 2024
News|Business|World
Gaza war cools Israel's once red-hot business ties with UAE
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted
May 22, 2024
Business|Economy|Finance|US
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
May 22, 2024
Business|Technology
Factbox: What is in Huawei's new Pura 70 smartphones
Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the
May 22, 2024
Europe|News|World
War upends Ukraine's economy in a shift that may be permanent
Within days of Russian forces invading Ukraine in early 2022, architect Oleh Drozdov made up his mind: he would move his home and business from the besieged eastern
May 22, 2024
Asia|Business|Finance|Technology
Panasonic's battery unit misses annual profit estimate
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in
May 22, 2024
Business|Asia|Economy|Finance
China Vanke to auction Shenzhen land plot with loss-making reserve price
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to
May 22, 2024
Business|Europe|Finance|Technology
Italy's Leonardo in wait-and-see mode over Boeing delays
Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on
May 22, 2024
Business|Europe|Technology
Airbus says deliveries up 13% in April, reaffirms A350F timeline
Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday.
May 22, 2024
Asia|Business|Economy|Finance
Nissan CEO: committed to staying in China but strategy there must change
Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in
May 22, 2024
Business|Finance
Private equity firms consider potential Peloton buyout, CNBC reports
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of
May 22, 2024
News|US
FDIC's Gruenberg vows reforms after 'sobering' review of workplace conduct
U.S.
May 22, 2024
Business|Finance|Stock Markets|Technology|US
Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat
Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings
May 22, 2024
Asia|Business
China probes ex-CNOOC executive over disciplinary violations
China is investigating a former senior executive of China National Offshore Oil Company, or CNOOC, for suspected "serious disciplinary violations", the country's anti-graft
May 21, 2024
Business|Economy|Finance|Stock Markets
Italian shoemaker Tod's to court US lovers of quiet luxury
An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in
May 21, 2024
Business|Finance|Stock Markets|Technology
China's Zeekr to close $367.5 million New York IPO one day early, sources say
Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million
May 21, 2024
Crime|Health
Indian state says yoga guru misled public with COVID, other cures
An Indian state has accused yoga guru Baba Ramdev of criminal misconduct for promoting his traditional ayurvedic medicine as a cure for COVID-19 because it
May 21, 2024
Business|Economy
Georgia's auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore
The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments
May 21, 2024
Business|Economy|News
EU clears $14.9 billion purchase of U.S. Steel by Japan's Nippon
The European Union cleared U.S.
May 21, 2024
Business|Economy|Finance|US
Aldi urges suppliers to cut costs and go green amid U.S. expansion
The U.S. arm of German-owned discount supermarket chain Aldi urged its suppliers on Monday to drive down costs, increase production of items like cheese, bring
May 21, 2024
Asia|Business|Economy|Finance
Japan's service activity extends gains on solid demand, PMI shows
Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that
May 21, 2024
Business|Economy|Election|Europe|US
Macquarie eyes rise of protectionism in upcoming US, EU elections
The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global
May 21, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian shares mostly higher after Wall Street sets more records
Asian markets are mixed in quiet trading, with most of the regions’ benchmarks inching higher after U.S. stocks hit new record highs
May 21, 2024
Business|Finance|US
Warren Buffett's fans plot their own course for when he leaves
Warren Buffett, the 93-year-old billionaire chief of Berkshire Hathaway, mulled his future in telling shareholders on Saturday that if
May 21, 2024
Business|Economy|Europe
German services sector picks up pace in April, PMI shows
Business activity in Germany's services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday.
May 21, 2024
Business|Finance
Canada's WestJet reaches tentative deal with union to avoid work stoppage
Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday
May 20, 2024
Business|Entertainment
Paramount bidders await word from special committee evaluating options
A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting
May 20, 2024
Business|Europe|Finance|Technology
Atos board reported to be meeting Sunday to review takeover bids
The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le
May 20, 2024
Celebrity|Entertainment|Technology
Scarlett Johansson says a ChatGPT voice is 'eerily similar' to hers and OpenAI is halting its use
OpenAI says it plans to halt the use of one of its ChatGPT voices that “Her” actor Scarlett Johansson says sounds “eerily similar" to her own
May 20, 2024
Uncategorized
Berkshire pares huge Apple stake as cash, operating profit set records
By Jonathan Stempel OMAHA, Neb.
May 20, 2024
Business|Finance|US
Buffett talks succession and Berkshire's future at annual meeting
Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the
May 20, 2024
Business|Finance|Stock Markets|Technology|US
China's Zeekr seeks up to $5.13 billion valuation in US IPO
Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major
May 20, 2024
Business|Finance|Stock Markets|Technology
Apple shares jump as record buyback and upbeat forecast lure investors
Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns
May 20, 2024
Business|Economy|Finance|US
US service sector contracts in April; price pressures reaccelerate
The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.
May 19, 2024
Business|Europe|Finance|Stock Markets
Glencore studying an approach for Anglo American, sources say
Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war
May 19, 2024
Business|Lifestyle|Travel
Holiday Inn owner IHG's Q1 revenue up 2.6%, leisure travel demand remains strong
Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure
May 19, 2024
Business|Europe|Finance|Stock Markets
Germany's Henkel raises 2024 outlook on strong Q1
German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.
May 18, 2024
Business|Finance|US
DoJ seeks more details from US Steel, Nippon Steel on proposed merger
The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel's proposed $15 billion takeover of U.S.
May 18, 2024
Business|News|Travel
Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves
Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers
May 17, 2024
Business|Economy|Finance|Stock Markets|US
Pioneer reports lower profit ahead of its takeover by Exxon
Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices. Earlier in the day, the U.S.
May 17, 2024
Business|Finance|Stock Markets|US
Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member
May 17, 2024
Business|Economy|Finance
Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation
May 17, 2024
Americas|Business|Finance
MercadoLibre net profit surges, driven by Brazil, Mexico
Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil
May 17, 2024
Asia|Business|Economy|Finance
Pakistan pushes back deadline for expressions of interest to buy national airline
Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister
May 17, 2024
Business|Economy|Health|Lifestyle|Technology|US
Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Peloton CEO Barry McCarthy, who was tasked in early 2022 to stem the fitness equipment maker's slide in sales from the pandemic highs, has quit as the company announced job
May 17, 2024
Business|Economy|US
Boeing supplier Spirit AeroSystems sues to block Texas safety probe
Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal
May 17, 2024
Business|Finance|US
TOMS Capital Investment Management has taken stake in Kellanova, sources say
Investment firm TOMS Capital Investment Management has taken a "significant" position in U.S. multinational food manufacturing company Kellanova and is
May 17, 2024
Business|Food|Opinion
Indiana judge opens door for new eatery, finding `tacos and burritos are Mexican-style sandwiches'
An Indiana judge has cleared the way for the opening of a new restaurant after finding that “tacos and burritos are Mexican-style sandwiches."
May 16, 2024
Business|Finance
Comcast pulls Bally Sports channels, imperiling US broadcaster's restructuring
Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructuring of
May 16, 2024
Business|Lifestyle|Technology|Travel
Airbnb launches new global marketing strategy geared around experiences
Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business
May 16, 2024
Business|Technology
Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality demands for parts for the
May 16, 2024
Business|Finance|Stock Markets|Technology|US
Cognizant first-quarter revenue beats estimates on steady spending by clients
Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket
May 16, 2024
Europe|Finance|Stock Markets
Intervene, rinse, repeat
A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of
May 16, 2024
Business|Finance|Technology
Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain
The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central
May 16, 2024
Business|Finance|Stock Markets|US
NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected
May 16, 2024
Business|Economy|US
US LNG developer Tellurian sends production workers home amid sale talks
U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the
May 16, 2024
Asia|Business|Economy|Finance|Stock Markets
Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss
Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as
May 16, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Stock market today: Asian shares retreat after Wall St edges back from records
Asian shares have retreated after U.S. stocks edged back from their record heights
May 16, 2024
Asia|Economy|News
Malaysia plans 13% salary hike for civil servants from Dec amid rising prices
Malaysia will boost salaries for civil servants by more than 13% from December, Prime Minister Anwar Ibrahim said on Wednesday, amid rising prices, a weak ringgit currency,
May 16, 2024
Business|Technology
Huawei's high-profile consumer CEO Richard Yu shifts role
China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.
May 16, 2024
Business|Finance
Walmart to shut all health clinics in US over lack of profitability
Walmart
May 16, 2024
Business|Finance|Technology
Aircraft lessor DAE set to receive half promised Boeing planes this year
Aircraft lessor Dubai Aerospace Enterprise (DAE) Capital will likely receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to
May 16, 2024
Business|Economy|Finance|Stock Markets|Technology
Embraer counters report of new jet, says no major capex plan
Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and
May 16, 2024
Business|Finance
Starbucks cuts annual sales forecast as demand cools in key US, China markets
Starbucks on Tuesday cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand
May 15, 2024
News|US
US Justice Department takes step to make marijuana use a less serious crime
The U.S.
May 15, 2024
Asia|Business|Economy
Japan's factory activity falls slow, PMI shows
Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday.
May 15, 2024
Business|Finance|Stock Markets
Ancora scores win with ISS endorsement in Norfolk Southern proxy fight
Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services (ISS)
May 15, 2024
Business|Finance|US
Glass Lewis recommends investors vote against three Boeing directors, including CEO Calhoun
Proxy advisor Glass Lewis has recommended shareholders vote against the reelection of three directors to Boeing's board, including outgoing CEO Dave Calhoun, citing
May 15, 2024
Business|Finance
Australian bank Westpac extends moratorium on regional branch closures till 2027
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these
May 15, 2024
Europe
Union announces talks with Carlyle on majority stake in Thyssenkrupp Marine Systems
Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed
May 15, 2024
Business|Economy|Finance|Technology|US
Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
May 15, 2024
Business|Economy|Technology|US
Musk lays off Tesla senior executives in fresh job cuts, The Information reports
Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on
May 15, 2024
Business|Economy|Finance|Stock Markets|US
Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast
Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the U.S. and international markets shell out more
May 15, 2024
Business|Europe|Finance|News|Stock Markets
Air France-KLM reports worse than expected Q1 results as costs soar
Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31
May 15, 2024
Business|Economy|Europe|Finance
Consumer spending, investment boosts French first quarter growth
The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pick-up in consumer spending and business investment, official data published on
May 15, 2024
Business|Finance
HSBC Chief Quinn, architect of sweeping overhaul, announces surprise exit
HSBC Chief Executive Noel Quinn said on Tuesday that he plans to step down, marking the surprise departure of a hard-nosed leader who has
May 15, 2024
Business|Finance|Lifestyle|US
Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit
Fashion company Hermes vowed to 'vigorously defend itself' in a lawsuit filed against it in California claiming it unlawfully allows only customers with "sufficient purchase history"
May 15, 2024
Asia|Business|Economy|Finance|US
Activist investor Elliott buys stake in Japan's Sumitomo, source says
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on
May 15, 2024
Asia|Business|Finance
China developer Fantasia proposes new restructuring terms, shares up
Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 billion
May 15, 2024
Business|Economy|Europe|News
German retail sales rise more than expected in March, boding well for economy
German retail sales rose more than expected in March, pointing to a recovery in consumption at the end of the month and boding well for the overall economy.
May 15, 2024
Business|Economy|Finance
NYCB delays annual shareholders meeting by two weeks
New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5. The bank disclosed the change in date late on Friday.
May 14, 2024
Business|Finance|Stock Markets|US
Wall St notches gain; yen surges, intervention suspected
U.S. stocks gained ground on Monday and the yen surged amid suspected intervention as investors embarked on what promises to be an action-packed week.
May 14, 2024
Business|Finance|Stock Markets|Technology
Apple shares rise after Bernstein analyst takes bullish stance
Shares in Apple Inc closed up 2.5% on Monday after a well-known analyst at Bernstein Societe Generale Group upgraded the stock to an "outperform" rating, pointing to the
May 14, 2024
Business|Finance
Ancora scores in Norfolk Southern proxy fight with Glass Lewis recommendation
Ancora Holdings scored a victory in its battle with Norfolk Southern on Monday when proxy advisory firm Glass Lewis recommended investors in the railway replace its CEO and others with six
May 14, 2024
Arts|Business|Finance|News|US
Lawsuit over Wall Street's 'Fearless Girl' statue is settled
The sculptor who created the "Fearless Girl" statue that promoted gender diversity on Wall Street has settled a lawsuit by a State Street unit seeking to stop
May 14, 2024
Business|Finance
WeWork reaches settlement with creditors, rebuffs Neumann bid
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead
May 14, 2024
News|Business
Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper
Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896
May 14, 2024
Business|Economy|Finance|Stock Markets
Meme stocks are roaring again. Yes, again
GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply
May 14, 2024
Americas|Business|Economy|News
Mexico's economy continued weak growth in first quarter, poll shows: Reuters poll
Mexico's economy continued to grow at a weak rate in the first quarter, due largely to a drop in manufacturing and agriculture that was only partially offset by services,
May 14, 2024
Americas|Business|News
Vale, BHP offer $25 billion settlement for Mariana disaster; authorities seek more
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to
May 14, 2024
Africa|Business|Economy|Finance|Stock Markets
Coca-Cola gears up for IPO of $8 billion African bottling arm, Bloomberg reports
Coca-Cola is gearing up for a potential initial public offering (IPO) of its African bottling business as soon as next year, Bloomberg News reported on Monday, citing people familiar with
May 14, 2024
Business|Europe|Finance|US
Turkish grocery delivery company Getir pulls out of Europe, U.S
Turkish delivery company Getir will withdraw from its remaining European and U.S. markets to focus on its main home market, it said on Monday, marking an abrupt
May 14, 2024
Business|Economy|Europe
Russia says taking control of Ariston unit is response to Western hostilities
The transfer of the Russian subsidiary of Italian water heating firm Ariston to management by a Gazprom entity was a response to the "hostile actions" of Western countries, the
May 14, 2024
Business|Finance|Stock Markets
L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion
May 14, 2024
Asia|Business|Finance
Insurer AIA's Q1 new business value rises 31%, announces $2 billion buyback
Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across
May 14, 2024
Australia|Business|Entertainment
Star Entertainment chair David Foster latest to depart amid Sydney casino inquiry
Star Entertainment said on Monday Chairman David Foster has stepped down just more than a year into the role, adding to an exodus of senior management at the beleaguered Australian casino
May 14, 2024
Business|Europe|Finance|Stock Markets
Vivendi says feasibility study for planned split is in progress, Q1 sales soar
French media conglomerate Vivendi said a feasibility study for its planned split into four separate businesses was progressing, as it posted a nearly 87% jump in first quarter sales on
May 14, 2024
Business|Entertainment|Finance
Blackstone beats Concord with $1.6 billion bid for Hipgnosis Songs
Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, trumping an offer from Concord for the music rights owner of artists such as Shakira and Red Hot Chili Peppers
May 14, 2024
Business|News
Arthur Irving, who grew his family's oil business and was one of Canada's richest men, dies at 93
Canadian billionaire Arthur L
May 13, 2024
Asia|Business|Technology
South Korea to consult Naver, after report firm faces Japan pressure to divest stake
South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to
May 13, 2024
Business|Finance|US
L3Harris cuts 5% workforce in cost-saving measure
U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on
May 13, 2024
Business|Technology
Boeing, GKN Aerospace close deal for St. Louis site
Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company Melrose Industries for a plant in St. Louis.
May 13, 2024
Business|Finance|Stock Markets|US
Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.
May 13, 2024
Business|Finance|Stock Markets
Phillips 66 misses first-quarter profit estimates on weaker margins
Oil refiner Phillips 66 reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo,
May 13, 2024
Business|Finance|Food
Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular
May 13, 2024
Business|Europe|Finance|News|Stock Markets|US
TotalEnergies looking at primary listing in New York, says CEO
French oil major TotalEnergies is "seriously" looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday, to move closer to a majority of U.S.
May 13, 2024
Business|Finance|Technology
Thoma Bravo to buy UK's Darktrace for around $5.3 billion
Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at
May 13, 2024
Business|Finance|US
Chevron posts Q1 profit beat with oil production gains
Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural
May 13, 2024
Business|Finance|Stock Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as
May 12, 2024
Business|Europe|Travel
Airport operator ADP Q1 revenue boosted by post-pandemic travel boom
French airport group ADP reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed
May 12, 2024
Asia|Business|Economy|Europe|Finance|Stock Markets
Amundi's Q1 inflows beat expectations on Asian JV contribution
Amundi, Europe's biggest fund manager, posted better-than-expected first-quarter inflows on Friday thanks to its joint ventures in Asia and continued appetite for risk-averse
May 11, 2024
Business|Finance|US
Walmart's longest-serving director Rob Walton to retire from board
Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest son of founder Sam Walton, would retire from his position of the big-box
May 11, 2024
Business|Europe|Finance|Stock Markets
Rampup costs weigh on Q1 but Airbus hikes A350 output goal
Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 despite
May 10, 2024
Business|Europe|Technology
Spotify says Apple has rejected its app update with price information for EU users
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
May 10, 2024
Business|Economy|Finance
Top Tellurian executives poised for big payday if LNG plant goes ahead
Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a
May 10, 2024
Business|Finance
S&P slashes Boeing credit outlook as rating hovers above junk status
Boeing's credit rating faced pressure for a second time this week as S&P brought the company one step closer to a junk rating on Thursday after a
May 10, 2024
Business|Lifestyle|News
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment
May 10, 2024
Africa|Economy|Finance
South African rand strengthens after producer inflation data
The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected.
May 10, 2024
Business|Finance|Stock Markets|US
Anglo American share spike before bid raises questions about leaks
Anglo American's London-listed shares spiked in late UK trade on Wednesday, hours before the miner announced a $39 billion bid by
May 10, 2024
Asia|Business|Economy|Technology
South Korea stresses need for fair treatment for Line chat app operator Naver
South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture
May 10, 2024
Business|Economy|News|US
US weekly jobless claims unexpectedly fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions.
May 10, 2024
Americas|Business|Economy|Finance
Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes
Mexican cement maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to
May 10, 2024
Asia|Business|Economy|Finance
Sri Lankan shares end higher as financials, industrials gain
Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks.
May 10, 2024
Business|Entertainment|Finance|Stock Markets
Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner
Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity giant Blackstone, launching a bidding war for the owner of music rights of
May 10, 2024
Business|Finance|Technology
Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg reports
Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg
May 10, 2024
Business|Entertainment|Technology|US
Japanese game maker Sega Sammy sells resort to US fund
Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan, will be sold to Fortress
May 10, 2024
Business|Finance|Stock Markets|US
Honeywell's first-quarter results beat on aviation strength
Honeywell beat Wall Street estimates for first-quarter results on Thursday as strength in its aviation business offset a slowdown in the company's industrial and building automation units.
May 10, 2024
Asia|Business|Technology
China's largest auto show showcases all-electric future, local brands dominate
China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs
May 10, 2024
Business|Finance|Food
Keurig Dr Pepper reports upbeat Q1 on steady demand, price hikes
Beverage maker Keurig Dr Pepper beat Wall Street expectations for first-quarter sales and profit on Thursday, helped by steady demand for its high-priced sodas and tonic water.
May 10, 2024
Business|Finance|Stock Markets|Technology|US
IBM falls as enterprise-spending constraints choke consulting demand
Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope
May 10, 2024
Asia|Business|Technology
LG Display returns to quarterly loss on drop in off-season demand
South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels
May 09, 2024
Business|Economy|Europe|Finance
New BASF CEO greeted with drop in Q1 earnings
Germany's BASF began the year with a drop in sales and adjusted earnings, giving the chemical maker's new CEO plenty to tackle as he takes the
May 09, 2024
Business|Europe|Technology
STMicro cuts FY revenue outlook as softer car demand weighs
European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and
May 09, 2024
Asia|Business|Finance
3 South Korean budget airlines still in race for Asiana cargo unit, sources say
Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines' cargo business, two people with knowledge of the matter said on Thursday.
May 09, 2024
Americas|Business|Economy|Finance
Retailer Walmex's quarterly profit jumps on more stores, higher wages
Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it
May 09, 2024
Business|Finance|Technology
Japan's 7-Eleven convenience chain targets aggressive global growth
Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into
May 09, 2024
Business|Finance|Technology
LG Energy Solution to minimise capex this year due to slow EV demand
South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global
May 09, 2024
Business|Finance|Technology
VinFast chief plans to invest $1 billion more from his fortune in EV maker
Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker
May 09, 2024
Business|Finance|Food|US
Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties
Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand for its burritos and rice bowls despite higher menu prices.
May 09, 2024
Business|Technology|US
Boeing reports first revenue drop in 7 quarters as deliveries decline
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat analyst expectations that were
May 09, 2024
Business|Finance|Technology
Tesla shareholder seeks to bar Musk from dodging from Delaware pay ruling
A Tesla investor who successfully sued to void CEO Elon Musk's $56 billion pay package asked a Delaware judge on Wednesday to prevent the
May 09, 2024
Business|News|Technology|World
German spy agency warns companies against being too "naive" on China
Germany's domestic spy agency told companies on Wednesday they should be on guard against industrial espionage by Beijing, warning them not to be
May 09, 2024
Business|Economy|Finance|US
Tepid US core capital goods orders point to weak business equipment spending
New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business
May 09, 2024
Business|Finance|Stock Markets|Technology|US
Tesla expects to book over $350 million in costs for layoffs
Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs it began last week, the automaker disclosed on Wednesday, as it shifts focus to more
May 08, 2024
Asia|Business|News|Technology
JAL president says plans to use both Boeing and Airbus aircraft
Japan Airlines will continue using both Airbus and Boeing aircraft, President Mitsuko Tottori said on Wednesday.
May 08, 2024
Business|Economy|Europe
UK manufacturers more optimistic despite dip in orders, CBI survey shows
Optimism among British manufacturers rose to its highest since July 2021 this month, despite a drop in orders, the Confederation of British Industry said on
May 08, 2024
Business|Technology
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services
May 08, 2024
Business|Economy|News
Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing
May 08, 2024
Asia|Business|Finance|Technology
Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports
Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.
May 08, 2024
Business|News|Technology
Apple announces event on May 7 amid reports of launch of new iPads
Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month.
May 08, 2024
Business|Finance|Technology
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM)
May 08, 2024
Business|Technology
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in
May 08, 2024
Business|Finance|Stock Markets|Technology|US
Boeing, Spirit agree $425 million deal to address supplier's issues
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation
May 08, 2024
Asia|Business|Finance
Capital A chief Fernandes defers retirement, renews contract for 5 years
Capital A's Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief executive
May 08, 2024
Asia|Business|Economy|Environment|News|Technology
Analysis-China's EV survival game creates peril - and power
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the
May 08, 2024
Business|Finance|Stock Markets|US
Mattel's quarterly loss smaller than expected as cost cuts pay off
Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys.
May 08, 2024
Business|Finance|Technology|US
TI forecasts Q2 revenue above estimates as analog chip demand improves
Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged
May 08, 2024
Business|Economy|Europe|Finance|News
UK pay settlements edge lower in first quarter, industry survey shows
British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an
May 08, 2024
Business|Economy|News
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada's Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge's proposed acquisition of Glencore
May 08, 2024
Business|Finance|Stock Markets|US
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest
May 08, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day
Asian shares are mixed after Wall Street’s lull stretched into a second day
May 08, 2024
Business|Finance|Stock Markets|Technology
Spotify profits up, but lower marketing hits user growth
Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the
May 08, 2024
Economy|Europe
French service sector grows in April but manufacturing weakens, PMI shows
France's dominant services sector expanded in April for the first time in almost a year, helping offset continued weakness in manufacturing, according to a monthly
May 07, 2024
Business|Economy|Europe|Finance
German business activity returns to growth in April, PMI survey shows
Germany's private sector unexpectedly returned to growth in April, driven by a solid rise in activity in the country’s service sector, a preliminary survey showed
May 07, 2024
Asia|Business|Finance|Technology
Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
Japanese electric motor maker Nidec on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce
May 07, 2024
Business|Economy|Europe|Finance
Morning Bid: Eyes on PMIs for rebound signs
A look at the day ahead in European and global markets from Tom Westbrook Purchasing Managers Index figures begin a data and corporate results heavy week.
May 07, 2024
Asia|Business|Economy|Finance|News
India's April business growth at near 14-year high, PMIs show
India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also
May 07, 2024
Business|Finance
Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says
Blackstone-owned Crown Resorts was found suitable to retain its Sydney casino's licence after nearly three years of intensive remediation, a gambling regulator said on Tuesday.
May 07, 2024
Business|Economy|Finance
Deadline for businesses to apply for their share of massive credit card company settlement looms
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard
May 07, 2024
Business|Economy|Finance|US
Apparel retailer Express files for US bankruptcy protection, to close over 100 stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
May 07, 2024
Business|News|Technology|US
Former JetBlue CEO Hayes to lead Airbus in North America
Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.
May 07, 2024
Business|Technology
Nintendo to announce Switch successor in this fiscal year as profits rise
Japanese video-game maker Nintendo's announcement about a successor to its Switch home console is coming sometime before March 2025
May 07, 2024
Business|Crime|Economy|Finance|US
New York sues cash advance provider Yellowstone for $1.4 billion, alleges predatory lending
New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory
May 07, 2024
Business|Europe
CNH picks Iveco Group's Marx as new chief executive
The holding company of Italy's Agnelli family has overseen a shakeup at the top of two of its major industrial groups, with Scott Wine quitting his post as CEO of farm and construction
May 07, 2024
Economy|Finance|News|US
Federal judge sends FedEx contractor's racketeering claim to arbitration
A federal judge on Monday ruled that a small business contracted to deliver packages for FedEx on the California-Oregon border must arbitrate with FedEx over claims it made
May 06, 2024
Business|Finance|Technology
Synopsys sells software integrity unit for $2.1 billion to PE group
Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its
May 06, 2024
Business|Finance|News
Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales
May 06, 2024
Business|Finance|Technology|US
Tesla cuts US prices of Models Y, X, S by $2,000
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable
May 06, 2024
Business|Finance|US
Warren Buffett's successor Greg Abel seen preserving Berkshire's culture
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match
May 06, 2024
Americas|Business|Finance
Honda to invest $808 million in Brazil by 2030
Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a
May 06, 2024
Business|Europe|News|Technology
Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that
Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns
May 05, 2024
Business|Finance|Stock Markets|US
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone
May 05, 2024
Business|Finance|Stock Markets|US
Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year
Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year
May 04, 2024
Business|Economy|Finance|Stock Markets
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments
May 04, 2024
Business|Economy|Europe|News|Technology|World
Ukraine's growing arms sector thwarted by cash shortages and attacks
Hundreds of Ukrainian businesses making weapons and military equipment have sprung up since Russia's full-scale invasion, but some are struggling to fund production and
May 04, 2024
Business|Economy|Finance|Stock Markets|US
Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request
Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal
May 03, 2024
Business|Economy|Finance|News|Stock Markets
Coatings maker PPG misses Q1 revenue estimates on lower sales volume
PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.
May 03, 2024
Asia|Business|Finance
South Korea's LG Electronics raises $800 million dollar bond, term sheet shows
South Korea's LG Electronics has raised $800 million through a dollar bond deal, according to a term sheet reviewed by Reuters.
May 03, 2024
Asia|Business|Finance|Stock Markets
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.
May 03, 2024
Business|Finance
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor
May 02, 2024
Business|Entertainment
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
May 02, 2024
Business|Economy|Technology|US
AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly
May 02, 2024
Business|Finance
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
May 02, 2024
Business|Economy|Finance|News|US
High interest rates aren’t going away anytime soon – a business economist explains why
The Federal Reserve doesn’t appear eager to cut rates.
May 01, 2024
Business|Economy|Finance
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01, 2024
Business|Economy|News
Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2
Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world
April 30, 2024
Business|Finance|US
Clorox lifts annual profit forecast on pricing benefits
Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.
April 30, 2024
Business|Finance|Health
Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first quarter profit
April 30, 2024
Business|Health|US
Walmart to close its 51 health centers and virtual care service
Walmart is closing its health centers and virtual care service after struggling to find success with the offerings
April 30, 2024
Business|Economy|Finance|Food
McDonald's plans to step up deals and marketing to combat slower fast food traffic
McDonald’s plans to step up deals and value messaging to combat slowing sales
April 30, 2024
Business|Economy|Europe|Finance|News
HSBC CEO Noel Quinn plans to retire
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post
April 30, 2024
Asia|Economy|Finance|Stock Markets
Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
Asian stocks fall with most of the markets in the region closed for a holiday after U.S. stocks closed out their worst month since September
April 30, 2024
Business|Travel
Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier
There aren't many newcomers in the airline business
April 29, 2024
Business|Lifestyle|Sports
Oregon's Sports Bra, a pub for women's sports fans, plans national expansion as interest booms
An Oregon sports bar focusing on and showing only women's athletics has plans to expand across the country through a franchise model
April 27, 2024
Business|Economy|Finance|News|US
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
April 26, 2024
Business|Technology|US
Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas
The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”
April 26, 2024
Business|Technology|US
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when
April 26, 2024
Business|Finance|Stock Markets|US
Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a
April 26, 2024
Business|Health|Technology
UnitedHealth unit Change Healthcare faces issue processing some medical claims
UnitedHealth Group said on Thursday a service provided by its Change Healthcare unit was facing an issue receiving batches of medical claims from customers.
April 26, 2024
Asia|Business|Finance|Technology
TSMC set to report 5% rise in first-quarter profit on strong AI chip demand
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit
April 26, 2024
Business|Europe|Technology
Tesla to lay off 300 temporary workers at German site, Business Insider says
Tesla is planning to lay off 300 temporary workers at its German plant near Berlin as part of plans to cut global staff, Business Insider reported on Wednesday, citing people
April 26, 2024
Business|Economy|Finance|Technology|World
Tesla's Musk likely to unveil $2-$3 billion India investment during visit, sources say
Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next
April 26, 2024
Business|News|Technology|US
Tesla layoffs include 14% of Buffalo workers, WARN notice shows
Tesla plans to lay off 285 employees in Buffalo, New York, a legally mandated notice showed on Wednesday, as the electric-vehicle maker trims 10% of its workforce.
April 26, 2024
Business|Technology
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series
April 26, 2024
Business|Finance|Technology|US
Analysis-Wall Street wants answers from Musk on Tesla's affordable car
Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had
April 26, 2024
Business|Finance|News|Stock Markets|Technology|US
Alaska Air prioritizes quality, safety of Boeing products over production rate
Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company
April 26, 2024
Business|Finance|Technology
TSMC first-quarter profit expected to rise 5% on strong AI chip demand
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a
April 26, 2024
Business|Technology
Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
Boeing said on Monday it has not found fatigue cracks on in-service 787 jets that have gone through heavy maintenance, as the planemaker defended the twin-aisle aircraft program ahead of a
April 26, 2024
Business|News|Technology
Apple CEO says looking into possibility of building manufacturing facility in Indonesia
Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo.
April 26, 2024
Asia|Business|Economy|Finance|US
Analysis-Japan Inc makes a renewed U.S. push as China fears mount
Japanese companies are increasingly hitching their growth plans to the United States, as concerns about Chinese demand and Beijing's influence over
April 26, 2024
Business|Economy|Finance|News|US
US business inventories pick up in February
U.S. business inventories rose in February amid strong gains at retailers and wholesalers, suggesting that inventory investment could contribute to economic growth in the first
April 26, 2024
Business|Stock Markets|Technology|US
Trump Media shares tank after company says it could sell more stock
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of
April 26, 2024
Business|Technology
Tesla's senior battery executive exits company
Tesla's senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at the auto-maker, he said in a post on social media site X on Monday.
April 26, 2024
Asia|Business|Finance|Technology|US
Tesla scouts for its first India showroom locations, sources say
U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this
April 26, 2024
Business|Europe|Finance
Tapestry merger with Versace owner Capri gets EU, Japan approval
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
April 26, 2024
Business|Economy
GM plans to move headquarters to different building in Detroit-source
General Motors is moving its headquarters deeper into downtown Detroit after spending more than 20 years in its riverfront home at the Renaissance Center, a person familiar with
April 26, 2024
Business|Europe|US
Czech arms maker CSG chief eyes place on global stage
Michal Strnad, who a decade ago became head of CSG, a family defence business, is closing in on buying U.S. ammunitions maker Kinetic Group that will
April 26, 2024
Arts|Business|Entertainment|Lifestyle
'Avengers: Endgame' filmmakers add Amazon executive to studio team
Joe Russo, co-director of "Avengers: Endgame," found a memorable setting to approach the latest hire for the independent studio he founded with his brother.
April 26, 2024
Asia|Economy|News|US
Philippine deals with US, Japan will not affect China's investments, Marcos says
Business deals that the Philippines secured at a summit with Japan and the United States will not affect China's investments in the Philippines, President Ferdinand Marcos Jr
April 26, 2024
Business|Finance
Hedge fund Barington urges Paramount to scrap talks with Skydance
Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all
April 26, 2024
Business
Exclusive-OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and
April 26, 2024
Business|Finance|US
US executive gets UK judgments thrown out after showing hackers swayed his case
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its
April 26, 2024
Business|Finance
T.Rowe Price backs Disney directors in boardroom challenge with hedge funds
Mutual fund firm T.
April 26, 2024
Business|Economy|Technology
Tesla raises prices of Model Y cars in US by $1,000
Tesla on Monday raised prices for all Model Y cars in the United States by $1,000, according to its website.
April 26, 2024
Business|Finance|US
Frontier Airlines overhauls network, turns to premium seats in comeback
U.S. no-frills carrier Frontier Airlines is focusing on growing its network in "high fare" markets like Seattle and Detroit at the expense of its footprint in
April 26, 2024
News|US
California Democrats urge Biden not to scrap chips R&D funding
California Governor Gavin Newsom and Senator Alex Padilla, both Democrats, urged the Biden administration on Monday to reverse its
April 26, 2024
Business|Economy|Finance|US
US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight
The California Public Employees Retirement System (CalPERS) said on Friday the U.S. pension fund has voted to elect activist investment firm Trian Fund Management's two director
April 26, 2024
Business|Economy|US
UAW membership fell 3.3% in 2023 to 370,000 workers
Membership in the United Auto Workers union fell 3.3% in 2023 to 370,000, its lowest level since 2009, according to a report filed on Friday with the U.S. Labor Department.
April 26, 2024
Business|Technology|US
New planemaker chief says Boeing faces 'pivotal moment'
The new head of Boeing's troubled commercial airplane unit said the U.S. planemaker faces a "pivotal moment" as it works to boost quality and address significant
April 26, 2024
Business|Economy|US
Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs
A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S.
April 26, 2024
Business|Economy|Finance|News|US
US fourth-quarter growth revised up; weekly jobless claims fall
The U.S. economy grew faster than previously estimated in the fourth quarter, lifted by strong consumer spending and business investment in nonresidential structures like
April 26, 2024
Business|Europe|Technology
French company Valeo to use more Google Cloud AI tools
French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlighting the growing importance of the technology in the cars sector.
April 26, 2024
Business|Entertainment
Fox Entertainment undergoes restructuring, leadership shake-up
Fox Corp on Wednesday announced its entertainment studio will be restructured across three key business segments - entertainment, television and streaming platforms, and worldwide sales
April 26, 2024
Business|Europe|Technology
Ford says it will make new SUV in Valencia
Ford is planning to produce a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday.
April 26, 2024
Business|Travel
Carnival will not sail through Red Sea in 2024, early next year, CFO says
Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year
April 26, 2024
Business|Technology|US
Tesla to give one month driver-assist technology trial for customers
Tesla will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United States, according to
April 26, 2024
Business|Finance|US
Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people
April 26, 2024
Business|Economy|Finance|Stock Markets|US|World
Morning Bid: March markets serene as Q1 peters out
A look at the day ahead in U.S. and global markets from Mike Dolan Investors appear happy to sit on punchy first quarter stock gains as March drifts to quiet finish, with the dollar back under wraps
April 26, 2024
Business|Health
Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports
Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.
April 26, 2024
Business|News|US
China's Xi Jinping to meet with American executives on Wednesday, sources say
China's President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his
April 26, 2024
Asia|Business|Finance|Technology
China EV giant BYD posts slowest quarterly profit growth in 2 years
Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world's
April 26, 2024
Business|Technology|US
Boeing CEO Calhoun's exit leaves uphill task for successor
Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named
April 26, 2024
Economy|Finance|US
Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder
April 26, 2024
Business|Economy|News|US
US new home sales unexpectedly fall in February
Sales of new U.S. single-family homes unexpectedly fell in February, but data for the prior month was revised higher, pointing to underlying strength as a shortage of previously
April 26, 2024
Asia|Business|Technology
Nissan targets 1-million-vehicle sales growth over next three years
Nissan Motor said on Monday it would aim to sell 1 million more vehicles globally over the next three years, launching 30 new models by the fiscal year ending in March 2027.
April 26, 2024
Business|Food|News
McDonald's stores close in Sri Lanka after deal with partner ended, lawyer says
McDonald's has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said
April 26, 2024
Business|Technology|US
Factbox-Boeing's tumultuous four years under outgoing CEO Calhoun
Boeing's David Calhoun will step down as CEO at the end of 2024, capping four turbulent years at the helm as the iconic planemaker seeks to address a spiraling safety crisis following a
April 26, 2024
Business|Finance|Stock Markets|Technology
EV startup Fisker's deal talks with large automaker ends
Fisker's talks with a large automaker for a potential transaction has collapsed, the electric-vehicle startup said on Monday, sending its shares plunging more than 30% before the bell.
April 26, 2024
Business|Finance
Citigroup says reorganization has concluded
Citigroup said on Monday it has concluded its previously announced bank-wide reorganization.
April 26, 2024
Asia|Business|Finance
Exclusive-UK's Legal & General shelves China business license plan, cuts headcount, sources say
British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two
April 26, 2024
Asia|Economy|World
Wary of new security law, foreign firms in Hong Kong bolster contingency plans
Vague provisions in Hong Kong's new national security law around state secrets and links to foreign entities have put on edge many global
April 26, 2024
Business|Economy|Finance|US
US business activity stable in March; inflation picks up
U.S. business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year.
April 26, 2024
Business|Economy|US
US airline CEOs request meeting with Boeing board to address production problems, WSJ reports
Major U.S. airline chiefs have requested a meeting with Boeing's board to express concerns over an Alaska Airlines accident and production problems, the Wall Street Journal reported on
April 26, 2024
Business|Technology
Tencent's next level up: fewer big foreign franchise games, more in-house
In a sea change at China's Tencent, an easy-to-play game of cute characters tackling obstacle courses has taken precedence over developing a big-budget sophisticated
April 26, 2024
Business|Finance|US
Shake Shack names Papa John's chief as its CEO
Shake Shack said on Thursday it has named Papa John's International's CEO Rob Lynch as its chief, succeeding Randy Garutti, who is retiring after spending more than two decades at the
April 26, 2024
Political|World
Exclusive-Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist
Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with
April 26, 2024
Business|Economy|Europe|News|Technology|US
EU court should back Illumina's appeal against EU review of Grail deal, court adviser says
Europe's top court should back U.S. gene sequencing company Illumina's appeal against the EU antitrust regulators' review of its $7.1 billion bid for cancer test maker Grail, an
April 26, 2024
Business|Finance|Stock Markets|US
ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board
ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at
April 26, 2024
Business|Finance|US
Airline, credit card CEOs refuse to testify at US Senate hearing
The CEOs of American Airlines, United Airlines, Visa and Mastercard will not testify at an April 9 hearing on credit card competition, the chair of the
April 26, 2024
Business|Health|Science|Technology|US
Lonza to acquire biologics site from Roche in U.S. for $1.2 billion
Swiss contract drug manufacturer Lonza said on Wednesday it has signed an agreement to acquire the Genentech manufacturing facility in Vacaville, California, from drugmaker Roche
April 26, 2024
Business|Finance|Technology|US
Intel prepares for $100 billion spending spree across four US states
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal
April 26, 2024
Business|Europe|Technology|Travel
Exclusive-Ryanair's O'Leary will meet senior Boeing execs later on Wednesday
Ryanair CEO Michael O'Leary said on Wednesday he will meet with senior Boeing executives later in the day in Dublin to discuss prolonged delays in plane deliveries as a crisis at
April 26, 2024
Business|Finance|Technology|US
Boeing CFO says made decision to keep 737 production below 38/month
Boeing has made the decision to keep B737 jet production below 38 per month, and will only accept a fully conforming fuselage from supplier Spirit AeroSystems at its Washington state
April 26, 2024
Business
Nvidia's new software tools meant for companies adding AI to business
Nvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work,
April 26, 2024
Business|Economy|Finance
Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically
April 26, 2024
Business|Economy|Finance|US
Nippon Steel pledges to move US HQ to US Steel's Pittsburgh
Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S.
April 26, 2024
Business|Health|US
Kroger to sell specialty pharmacy business to Elevance Health's CarelonRx
Grocer Kroger said on Monday it had entered a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a unit of U.S. health insurer Elevance Health.
April 26, 2024
Business|Entertainment|US
George Lucas backs Disney CEO Iger in proxy battle with Nelson Peltz, CNBC reports
Filmmaker George Lucas has backed Walt Disney CEO Bob Iger in the media company's bitter proxy battle with activist investor Nelson Peltz, CNBC reported on Tuesday.
April 26, 2024
Business|Technology
Factbox-Key takeaways from Nvidia's annual developer conference
Nvidia unveiled its next big AI chip along with several partnerships and software tools at its annual developer conference this week, seeking to maintain its lead in the race to power the
April 26, 2024
Business|Finance
Exclusive-Macy's opens its books in company sale talks, sources say
Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential
April 26, 2024
Business|Economy|Finance|US
Citigroup has sold most non-US consumer businesses as revamp progresses
Citigroup has sold its non-U.S. consumer businesses in nine out of 14 regions and "substantially wound down" three more, as the lender undergoes its biggest overhaul in more than two
April 26, 2024
Business|Finance|Stock Markets
Berkshire Hathaway speeds up stock buybacks
Berkshire Hathaway has increased its pace of repurchasing its own shares, a sign that longtime Chairman Warren Buffett considers them undervalued and a good place to spend excess cash.
April 26, 2024
News|Uncategorized|US
U.S. Steel posts weak Q1 profit forecast on lower demand in tubular segment
U.S.
April 26, 2024
Business|Economy|Environment|Finance|News|US
US climate rule will boost sustainable accounting industry
New U.S. climate-disclosure regulations should boost demand for services of the Big Four accounting firms and more specialized reviewers, and could sharpen a rivalry between
April 26, 2024
Technology|US
Meta, Boeing, GE Vernova join US business delegation to Vietnam this week
A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate
April 26, 2024
Business|Finance
Brazil's Embraer sees deliveries, revenue growing in 2024
Brazilian planemaker Embraer expects both its aircraft deliveries and revenues to grow in 2024, the company said on Monday.
April 26, 2024
Business|Finance|Food|US
Big Mac goes Big Tech, with a few hiccups
When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus,
April 26, 2024
Business|Economy|US
US Chamber of Commerce sues SEC over climate risk disclosure rules
The U.S. Chamber of Commerce said on Thursday it has filed a lawsuit against the U.S.
April 26, 2024
Business|Economy|Finance|Technology
Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say
Telecom Italia's (TIM) Chief Executive Pietro Labriola has warned investors the company could need to raise billions in capital if the planned sale of its network to U.S. fund KKR
April 26, 2024
Business|Finance|Health|US
Reckitt will seek to overturn $60 million baby formula verdict
Reckitt Benckiser on Friday said it would pursue all options to have a $60 million verdict overturned in a baby formula case in the United States as it stood by the safety of all its
April 26, 2024
Business|Finance|US
Nippon Steel says no layoffs, no plant closures at US Steel till 2026
Japan's Nippon Steel said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions.
April 26, 2024
Business|Finance|US
Fitch cuts Boeing's rating outlook to 'stable', sees lower MAX deliveries
Fitch Ratings on Friday cut its rating outlook on Boeing to "stable" from "positive," as it believes the U.S. planemaker may take roughly 12 months longer in achieving its goals such as
April 26, 2024
Business|Finance
Berkshire raises pay for Buffett's successor Greg Abel to $20 million
Berkshire Hathaway said on Friday it raised the pay of Vice Chairman Greg Abel, who is expected to succeed Warren Buffett as chief executive, in 2023 as the conglomerate posted a record
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Bank of America revamps its capital markets division, memo says
Bank of America has made several leadership changes in its capital markets business, setting up a new advisory group called capital markets advisory in a bid to better align its offering
April 26, 2024
News|US
Yellen says Biden tax credits boost clean energy investment in coal country
U.S.
April 26, 2024
Business|Economy|Finance|US
US business inventories unchanged in January
U.S. business inventories were unexpectedly unchanged in January as increases in stocks at retailers were offset by declines at manufacturers and wholesalers.
April 26, 2024
Business|Finance|Stock Markets
Under Armour's founder Plank to return as CEO
Apparel maker Under Armour said on Wednesday that founder vwill return to the company as CEO, effective April 1. The company's shares rose 6% to $8.26 after the bell.
April 26, 2024
Business|Finance|Stock Markets|Technology
Tesla slips as Wells Fargo warns of waning effect of price cuts over demand
Tesla shares dropped about 2% on Wednesday after Wells Fargo raised concerns over the waning impact of price cuts by the world's most valuable automaker on the demand for its electric
April 26, 2024
Business
Nvidia offers developers a peek at new AI chip next week
How long can Nvidia and its CEO, Jensen Huang, wear the crown as the tech world's dominant supplier of artificial-intelligence chips?
April 26, 2024
Business|Technology
Microsoft expands availability of its AI-powered cybersecurity assistant
Microsoft will widen the availability of its artificial intelligence-powered tool for cybersecurity professionals from April 1 and adopt a 'pay-as-you-go' strategy for the assistant, the
April 26, 2024
Business|Europe|Finance
KKR launches $3 billion public takeover offer for Encavis
Private equity firm KKR has launched a 2.8 billion euro ($3.06 billion) takeover offer for German electricity and energy producer Encavis, the company said on Thursday.
April 26, 2024
Business|Finance|News
Binance plans to bring "colleagues home" even as Nigerian crackdown grows
Binance is working with Nigerian authorities to bring back the senior executives detained last month on undisclosed charges as part of a country-wide crackdown, the world's largest
April 26, 2024
Business|News|Technology|Travel|US
Analysis-Airlines try to leverage Boeing woes despite lack of alternatives
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans.
April 26, 2024
Business|Europe|Finance|Stock Markets
Zara owner Inditex's profit rises to 5.4 billion euros in 2023 on bet on upmarket fashion and competitive prices
Zara owner Inditex said on Wednesday its net income for 2023 rose to 5.4 billion euros as the fast-fashion giant bet on
April 26, 2024
Americas|Business|Finance|News
State-run Mexicana airline to buy 20 planes by October, says Lopez Obrador
Mexico's state-owned airline Mexicana will purchase 20 aircraft by October, when President Andres Manuel Lopez Obrador's term ends, the country's leader told reporters on
April 26, 2024
Business|Finance|US
Geico won't face class-action claims it overcharged drivers during pandemic
Geico, the car insurer owned by Warren Buffett's Berkshire Hathaway, will not face class-action claims as it defends against a lawsuit alleging it overcharged
April 26, 2024
Business|Finance|US
Exclusive-Icahn drops Illumina board challenge threat, sources say
Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina's board, sparing the U.S. gene sequencing company
April 26, 2024
Business|Europe
Adidas posts first loss in 30 years but sticks to dividend
German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as CEO Bjorn Gulden works to turn the brand around
April 26, 2024
Business|Economy|Finance|US
US companies to announce investments of over $1 billion in the Philippines
U.S. companies are set to announce investments amounting to more than $1 billion dollars in the Philippines, United States Commerce Secretary Gina Raimondo said during an official
April 26, 2024
Business|News|Technology
Honeywell will seek 'relief' on Bombardier engine pricing case at Canada's top court
Honeywell said it will ask Canada's top court to hear an engine pricing case involving business jet maker Bombardier, in a dispute that has raised concerns
April 26, 2024
Business|Technology
Factbox-Who are OpenAI's new board members?
Sam Altman is rejoining the board of ChatGPT-maker OpenAI along with three new directors, as the startup tries to move past his sudden ouster in November that had shocked the tech industry
April 26, 2024
News|US
U.S. judge blocks US labor board's rule involving contract and franchise workers
A federal judge in Texas on Friday struck down a U.S.
April 26, 2024
Business|Finance
Embattled lender NYCB announces incoming CEO Otting's base salary
New York Community Bancorp said on Friday incoming CEO Joseph Otting will receive an annual base salary of $1.25 million and as of March 6 received a one-time option to acquire 15 million
April 26, 2024
Business|Technology|US
Delta expects Boeing 737 Max 10 may be delayed until 2027, Bloomberg says
Delta Air Lines Inc expects the deliveries of Boeing Co's 737 Max 10 aircraft to be pushed out to as late as 2027, as the planemaker faces federal safety and criminal reviews, Bloomberg
April 26, 2024
Business|Finance|US
TSMC to win more than $5 billion in grants for a US chip plant, Bloomberg reports
Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, is set to win more than $5 billion in federal grants from the United States government for setting up
April 26, 2024
Asia|Business
Tire maker Goodyear to close manufacturing plant in Malaysia
Goodyear Tire & Rubber Co, one of the world's largest tire makers, plans to shut down its plant in Malaysia on June 30 - a decision expected to affect more than 500 employees,
April 26, 2024
Business|Technology
Tesla's German plant to restart next week, says works council head
Tesla's German plant near Berlin, which has been down since March 5 because far-left extremists carried out an arson attack on a near-by power pylone, will resume
April 26, 2024
Business|Finance|US
Chevron's CEO faces challenges of a lifetime with Hess bid
Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up
April 26, 2024
Business|Finance|US
Boeing to tie more of employee bonus pays to safety, WSJ reports
Boeing is overhauling how it pays employee bonuses to emphasize quality and safety, following production problems found after Alaska Airlines door plug blowout, the Wall Street Journal
April 26, 2024
Business|Europe|Finance|Stock Markets
Lufthansa gives subdued 2024 outlook as labour disputes weigh
Lufthansa warned on Thursday its operating losses in the first quarter will widen and gave a subdued outlook for 2024 as the
April 26, 2024
Business|Economy|Finance|US
Dealmakers see 'green shoots' in M&A activity in election year after 2023 doldrums
Mergers and acquisitions activity is poised to rebound later this year after a sluggish 2023 as the Federal Reserve is expected to cut
April 26, 2024
Business|Finance
Lindt's 2023 profit lifted by price hikes as chocolate market slows
Lindt & Spruengli reported a rise in annual profit on Tuesday as the Swiss chocolate maker managed to
April 26, 2024
Business|Economy|Finance
Canada's Ivey PMI falls to 4-month low in February
Canadian economic activity expanded at a slower pace in February as a measure of employment declined, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.
April 26, 2024
Business|Finance|Stock Markets|US
British gambling group 888 explores selling, exiting some US operations
British bookmaker 888 Holdings said on Wednesday it was looking at options for its direct-to-consumer U.S. operations, including a potential sale or controlled exit, as the division
April 26, 2024
Business|Economy|Finance
Global M&A volumes to rise by 50% this year, says Morgan Stanley
Global deal-making volumes will rise by 50% this year compared to 2023 as fears over funding costs, inflation and recession concerns abate, Morgan Stanley said in a note on Monday.
April 26, 2024
Business|Environment|US
Valero joins Summit's carbon capture project
U.S. refiner Valero Energy Corp is joining Iowa-based Summit Carbon Solutions' proposed carbon-capture and storage project, the private company said on Monday.
April 26, 2024
Business|Finance|Technology
JCET to buy 80% stake in SanDisk China's unit
China's chip assembly and testing firm JCET said on Monday it plans to buy an 80% stake in SanDisk China's Shanghai-based unit specialising in flash memory products for about $624
April 26, 2024
Business|Finance|US
Investors raise Macy's buyout bid - WSJ
An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported
April 26, 2024
Business|Economy|World
Closing gender gap could lift global GDP more than 20%, World Bank says
Ending discriminatory laws and practices that prevent women from working or starting businesses could raise global gross domestic product by more than 20%,
April 26, 2024
Business|News|Technology
Apple to pay C$14.4 million to settle iPhone throttling case in Canada, CBC reports
A British Columbia Supreme Court judge has approved a proposed C$14.4 million ($10.6 million) settlement from Apple to eligible members of a class-action lawsuit that accused the
April 26, 2024
Business|Europe|Technology
X, ByteDance, Booking.com could face tough EU rules
Elon Musk's X social media platform, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers, the
April 26, 2024
Business|Finance|US
NYCB expands top team, says 'material weakness' will not hit 2023 results
New York Community Bancorp on Friday named financial services veteran George Buchanan as its chief risk officer and said the material weakness in internal controls would not impact its
April 26, 2024
Business|Finance|Stock Markets|Technology|US
Nvidia set to close with $2 trillion valuation as Dell stokes AI rally
Nvidia's stock market value was on track to close above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-
April 26, 2024
Business|Finance|US
Kodak taps outside firm to maximize value of overfunded pension plan
Eastman Kodak Co has tapped investment consulting firm NEPC to maximize the value of its overfunded pension plan and use any surplus from it to pay down debt, the company said on Friday.
April 26, 2024
Business|News|Technology|World
Google's removal of apps from Play Store in India 'cannot be permitted' - minister
Google's decision to remove some apps in India from its app store "cannot be permitted", Information Technology Minister Ashwini Vaishnaw said on Saturday, amid
April 26, 2024
Business|Finance|Technology|US
Exclusive-Boeing delays plans for production ramp-up, sources say
Boeing has delayed plans for its supply chain to ramp up production of its bestselling 737 jetliner, according to a presentation seen by Reuters, as the
April 26, 2024
Business|Finance|Stock Markets|Technology
EV startup Fisker slides as cash dwindles with 'difficult year' ahead
Fisker shares skid nearly 40% on Friday after the electric-vehicle startup flagged going-concern risks, saying it would cut its workforce by 15% and pause investments in future projects
April 26, 2024
Business|Finance|Technology
Boeing looks to buy supplier Spirit Aero as it delays jet production
Boeing is in talks to buy its former subsidiary Spirit AeroSystems while it delayed plans for suppliers to ramp up 737 jetliner
April 26, 2024
Business|Celebrity|Finance
WeightWatchers shares drop as Oprah Winfrey decides to exit board
Shares of WW International, also known as WeightWatchers, took a pounding after the company disclosed that media icon Oprah Winfrey will exit its board later this year.
April 26, 2024
Business|Finance|US
Kodak explores tapping pension fund's $1.2 billion surplus, Bloomberg reports
Eastman Kodak Co is contemplating a move to unlock gains created by its overfunded pension system, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
April 26, 2024
Business|Finance|Technology
Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as businesses scale down spending on the server maker's technology solutions.
April 26, 2024
Business|Europe|Finance|Technology
Germany wants Big Tech to pay towards compliance costs of new digital law
Germany wants Big Tech companies Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union
April 26, 2024
Business|Celebrity|Finance
Disney grandchildren back CEO Iger and board, slam activist investors
The grandchildren of Roy and Walt Disney, founders of Walt Disney Co, have backed CEO Bob Iger and the board, while opposing activist investors encircling the company.
April 26, 2024
Business|Finance|News|Technology|Travel|US
Boeing needs to make changes, Emirates president says
American planemaker Boeing needs to make changes, Emirates President Tim Clark said on Thursday, as it faces regulatory scrutiny following the blowout of a panel on one of the
April 26, 2024
Business|Finance|US
Brazilian airline Gol gets court approval for $1 billion bankruptcy loan
Bankrupt Brazilian airline Gol received U.S. court approval on Wednesday for a $1 billion loan, after resolving the concerns of a group of lenders that feared
April 26, 2024
Business|Technology
Apple shareholders reject AI disclosure proposal
Apple shareholders on Wednesday rejected a measure asking the iPhone maker to disclose more information about how it uses artificial intelligence in its business and its ethical guidelines
April 26, 2024
Asia|Business|Economy|Technology|US
Japan's Idemitsu joins study on U.S. ammonia project
Japanese oil refiner Idemitsu Kosan agreed with trading house Mitsubishi Corp and Swiss firm Proman to study a fuel ammonia production project in the U.S., the three companies said
April 26, 2024
Business|Finance|US
Apollo co-founder Leon Black sells stock worth $172.8 million
Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity firm, nearly three years after stepping down as its chief
April 26, 2024
Asia|Business|Technology|US
SK Telecom partners with AI search startup Perplexity in Korea
SK Telecom, South Korea's largest telco, is partnering with U.S.
April 26, 2024
Business|Economy|Finance|US
Kroger-Albertsons merger fight may impact 2024 election
A Biden administration bid to block supermarket chain Kroger's $24.6 billion deal to buy rival Albertsons may have outsized impact in two inflation-weary
April 26, 2024
News|US
Chips companies will be lucky to get half of subsidies sought, US Commerce Secretary says
U.S.
April 26, 2024
Business|Finance|US
Warren Buffett mourns passing of Berkshire 'architect' Charlie Munger
Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders.
April 26, 2024
Business|Europe|Finance|Technology
Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs
Europe's automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are
April 26, 2024
Business|Economy|Finance|US
US business equipment borrowings up 6% in January, ELFA says
U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday.
April 26, 2024
Business|Finance
Scotiabank to set up Canadian investment dealer owned by Indigenous shareholders
Bank of Nova Scotia said on Friday it would set up the first investment dealer in Canada that would be majority-owned by Indigenous shareholders and will be named Cedar Leaf Capital.
April 26, 2024
Business|Finance|Technology
VinFast posts higher revenue in fourth quarter
Vietnamese electric vehicle (EV) maker VinFast reported a 133% jump in fourth-quarter revenue on Thursday, driven by increased deliveries to domestic customers.
April 26, 2024
Business|Economy|Technology
EV sector grapples with layoffs, production cuts and altered plans
A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts,
April 26, 2024
Business|News|US
Deere's Wirtgen wins $12.9 million from Caterpillar in road-construction patent trial
Deere & Co subsidiary Wirtgen America convinced a federal jury in Delaware on Thursday that construction rival Caterpillar must pay $12.9 million in damages for violating
April 26, 2024
Australia|Business|Finance|Stock Markets|US
Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
U.S. miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million).
April 26, 2024
Business
Intel expects to overtake TSMC in making fastest chips this year
By Stephen Nellis and Max A.
April 26, 2024
Business|Economy|News|US|World
Half of Japanese firms see another Trump presidency as risk, Reuters poll shows
Roughly half of Japanese firms see another Donald Trump presidency as a potential risk to business, with the prospect of increased protectionism the leading cause for
April 26, 2024
Business|Economy|Finance
Chesapeake says natgas market oversupplied, plans to cut output, spending
Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.
April 26, 2024
Business|Technology
Bumble rejigs top brass under new chief executive
Bumble on Wednesday rejigged its senior leadership at the dating apps operator with four new appointments including the head of product and technology, more than a month after its new
April 26, 2024
Business|News|Technology
At hefty premium, Russian resellers hawk Apple Vision Pro goggles
Russia's top consumer electronics chain M.Video-Eldorado has begun sales of Apple's brand-new Vision Pro headset in its stores, despite Apple halting exports of its products to Russia
April 26, 2024
Business|Economy|US
Tumbling US natural gas prices prove unstoppable, hurting producers
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.
April 26, 2024
Business|Finance|US
Macy's gets director nominations from hedge fund Arkhouse Management
Department store Macy's said on Tuesday hedge fund Arkhouse Management had nominated nine individuals to stand for election as directors at its 2024 annual meeting.
April 26, 2024
Business|Economy|Finance|News|US
Leading Economic Index no longer signals U.S. recession -Conference Board
The Conference Board's Leading Economic Index no longer signals a coming recession for the U.S. economy for the first time since the summer of 2022 even as the index declined in January
April 26, 2024
Asia|Business|Economy|Finance
Japanese companies maintain suspended operations in Russia, survey shows
Most of the Japanese companies surveyed by the Japan External Trade Organization (JETRO) stuck to their earlier decisions to partially or fully suspend operations
April 26, 2024
Business|Economy|Finance|US
Italy's KME signs deal with US SEDA to list Cunova unit on NYSE
Italian copper and copper alloy producer KME said on Tuesday it had signed an equity transaction deal aimed at listing its Cunova unit on the New York Stock Exchange (NYSE).
April 26, 2024
Business|Economy|Europe|Finance|Stock Markets
Investors are buying back into the pound's pizazz
The pound is playing catch-up with the dollar as investors beef up their bullish positions, and may get extra oomph from data this week showing British business
April 26, 2024
Business|Finance|US
Full US appeals court to reconsider Nasdaq board diversity rule
A challenge by conservative groups to a Nasdaq rule requiring companies to disclose board diversity or lack thereof will be reconsidered by a federal appeals court in New
April 26, 2024
Asia|Business|Economy
Exclusive-Japan's Kyushu Electric to wait for US LNG policy clarity on Lake Charles
Japan's Kyushu Electric Power will wait until after the United States resumes issuing export licences for new liquefied natural gas (LNG) projects before deciding on
April 26, 2024
Business|Finance|Technology|US
US awards $1.5 billion to GlobalFoundries for domestic semiconductor production
The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to
April 26, 2024
Business|Finance|Stock Markets|Technology
China's JD.com versus US's Elliott in battle for UK's Currys
Currys shares soared on Monday after Chinese online retailer JD.com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group,
April 26, 2024
Business|Europe
Exclusive-Mondelez revamps European operations after boycotts over Russian business, internal memos show
Oreo cookie-maker Mondelez put new management in place at its profitable Russian business this week, according to two internal company memos seen by Reuters
April 26, 2024
Business|Economy|News|US
Anti-union efforts to cost Starbucks at least $240 million, labor group tells SEC
A Starbucks labor group on Friday sent a letter to the U.S.
April 26, 2024
Business|Economy|News|US
White House's Brainard says U.S. recovery strong, eyes longer-term growth
The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could
April 26, 2024
Business|Economy|Finance|US
US business inventories rebound in December
U.S. business inventories rebounded in December, driven by rising stocks at retailers and wholesalers.
April 26, 2024
Business|Finance
Stellantis operating profit down 10% in H2 due to N. America strikes
Stellantis said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's
April 26, 2024
Business|Finance|Stock Markets|US
Illumina, already facing pressure from Icahn, saw other activists at year end
Gene-sequencing company Illumina, which was pushed to make changes by Carl Icahn last year, had two additional activist investors in its stock at the end of
April 26, 2024
Business|Europe|Technology
Exclusive-TIM rivals flag competition risks over network spin-off in letter to Rome govt
Telecom Italia's (TIM) competitors have written to the Italian government to voice concerns about the risk that a planned spin-off of the former phone monopoly's network assets
April 26, 2024
Business|Europe
Amid Rome spat, Stellantis CEO says Italy plants have a future
Stellantis CEO Carlos Tavares said on Thursday the carmaker will need all of its Italian factories to hit its long-term production goal there, in conciliatory
April 26, 2024
Business|Technology
AI adoption increasing sales in telecoms sector, Nvidia report shows
Using artificial intelligence has already increased sales for around two thirds of the telecoms professionals surveyed for technology giant Nvidia.
April 26, 2024
Business|Economy|Finance|Technology
Visa halts intermediated commercial card payments in India following RBI order
Visa on Wednesday said it received directions from the Indian central bank to halt all transactions for business payment solution providers (BPSPs) in commercial and business
April 26, 2024
Business|Finance|Technology
Musk, Tesla shareholder to propose a stay of pay ruling during appeal - court filing
Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56 billion pay package will ask a judge to pause her ruling until an appeal is
April 26, 2024
Business|Finance|Technology|US
Lyft rises as cost cuts to drive positive free cash flow in 2024
Lyft shares surged more than 21% on Wednesday before the bell after the ride-hailing company said cost cuts would help it generate positive free cash flow for the first time
April 26, 2024
Business|Technology|US
Companies need guardrails, especially if using AI, US SEC chair says
Companies need to ensure they are disclosing accurate information, especially if they are using artificial intelligence, the head of the U.S.
April 26, 2024
Business|Economy|Finance
Citi may need to refocus on regulatory fixes amid restructuring, analysts say
Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.
April 26, 2024
Business|Finance|Stock Markets|US
Burry's Scion bets on Warner Brother Discovery, restaurant firms - filings
Hedge fund manager Michael Burry, known for his prescient calls ahead of the 2008 U.S. housing market crash, picked up shares of Warner Brothers Discovery in the
April 26, 2024
Business|Finance
Boeing to stabilize 737 production later this year, CFO says
Boeing Chief Financial Officer Brian West said Tuesday the company will move to a steady 737 production rate of 38 aircraft per month in the second half of 2024 after slowing
April 26, 2024
Business|Entertainment|Finance|US
Billionaire Peltz's Trian criticizes Disney's investment plans in letter to investors
Billionaire Nelson Peltz's Trian Fund Management criticized Walt Disney's investment plans, calling it a "spaghetti against the wall plan", in a letter sent to the entertainment and media
April 26, 2024
Business|Finance|Stock Markets|US
Berkshire sheds some holdings, mum on new investment
Berkshire Hathaway on Wednesday said it has shed three of its common stock holdings, as the conglomerate controlled by Warren Buffett remained silent on what could be a major new
April 26, 2024
Business|Finance|Stock Markets|US|World
Nasdaq signs technical assistance agreement with Ukraine - USAID
Exchange operator Nasdaq has signed a partnership agreement with the Ukrainian government aimed at supporting the development of Ukrainian capital markets, the U.S.
April 26, 2024
Business|Finance|News|Stock Markets|US
Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal
Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller's report was "false and misleading"
April 26, 2024
Business|Entertainment
Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court
Warren Buffett is taking on Build-A-Bear.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Diamondback Energy to buy Endeavor Energy in $26 billion deal
Diamondback Energy on Monday decided to buy the largest privately held oil and gas producer in the Permian basin, Endeavor Energy Partners, in a cash-and-stock deal for about $26 billion,
April 26, 2024
Business|Finance|Stock Markets|US
Diamondback Energy, Endeavor Energy near $25 billion merger, sources say
U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas
April 26, 2024
Business|Finance|Stock Markets|US
S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG
With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for
April 26, 2024
Business|Finance|Stock Markets
NYCB shares struggle to gain after selloff over CRE exposure worries
New York Community Bancorp shares swayed between gains and losses in early trading on Friday, reeling under credit-rating cuts over its exposure to the troubled commercial real estate (CRE
April 26, 2024
Business|Finance|Stock Markets|Technology
Japan chipmaker Kioxia reports $434 million Q3 loss
Bain Capital-backed chipmaker Kioxia on Friday reported a narrower third-quarter operating loss of 65 billion yen ($434.70 million) sequentially, saying selling prices
April 26, 2024
Uncategorized
Hyundai appoints JPMorgan, Citi for $3 billion India IPO - sources
By M.
April 26, 2024
Australia|Business|Finance
Blackstone-owned Crown clears CEO over claims alleging law breaches
Blackstone-owned owned Crown Resorts has cleared its CEO after investigating an allegation that the company chief had overruled the Australian casino operator's security officers over
April 26, 2024
Business|Technology|US
Analysis-Boeing strikes conciliatory tone with suppliers amid 737 MAX crisis
Boeing executives extended an olive branch to the company's strained supply chain this week to help them deal with the fallout of the latest 737 MAX crisis, but
April 26, 2024
Business|Economy|News|US
US wholesale inventories rebound in December
U.S. wholesale inventories rebounded in December, the government confirmed on Thursday, boosted by a surge in motor vehicle stocks.
April 26, 2024
Asia|Business|Travel
Thai Airways orders 45 Boeing 787s plus options -sources
Thai Airways has placed a firm order for 45 Boeing 787 jets, with options potentially boosting the size of the deal to around 80 aircraft as it serves rising international travel demand,
April 26, 2024
Business|Finance|Stock Markets
L'Oreal Q4 sales up 6.9% despite decline in North Asia
Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel
April 26, 2024
Business|Finance|US
Harley-Davidson quarterly profit falls on slowing demand
Harley-Davidson reported a 38% fall in fourth-quarter profit on Thursday, hurt by slowing demand for motorcycles in North America as consumers cut back spending on pricier leisure
April 26, 2024
Business|Finance|MidEast|News|US
Exclusive-Apollo in talks for AlShaya Starbucks franchise, sources say
U.S private equity firm Apollo Global Management Inc is in talks to buy a minority stake in the Middle East,
April 26, 2024
Business|Economy|Finance
Employer deals earn BofA more than $10 billion in deposits, investments
Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial
April 26, 2024
Business|Sports
Emirates airline announces sponsorship deal with NBA
Emirates airline has forged a multi-year sponsorship deal with America's NBA basketball league, it said on Thursday, as the carrier seeks to raise its profile in
April 26, 2024
Business
Boeing 'undoubtedly' making progress on quality issues, Avolon CEO says
Boeing is "undoubtedly" making significant progress in getting on top of quality issues, the head of Avolon, the world's second largest aircraft leasing firm and a
April 26, 2024
Business|Finance|Health|Stock Markets|US
Walgreens Boots pockets $992 million after cutting Cencora stake for third time
U.S. drugstore chain Walgreens Boots Alliance on Wednesday said it has cut its stake in pharmaceutical distributor Cencora for the third time in just over six months, pocketing about $992
April 26, 2024
Business|Health|US
UnitedHealth's chief operating officer Dirk McMahon to retire
UnitedHealth's president and chief operating officer, Dirk McMahon, will retire after serving for more than 20 years in the company, the health insurer said on Wednesday.
April 26, 2024
Business|Finance|Stock Markets|Technology|US
Uber expects strong core profit as ride share, food delivery demand accelerates
Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its
April 26, 2024
Business|Technology|US
Tesla asks which jobs are critical, stoking layoff fears- Bloomberg
Tesla managers have been asked whether each of their employees' positions were critical, stoking layoff fears in the company, Bloomberg News reported on Wednesday.
April 26, 2024
Business|News|Technology|US
Ryanair CEO: Boeing quality is a concern, further delays possible
Ryanair is concerned by shortcomings identified by U.S. regulators in a report into the Alaska Airlines 737 MAX 9 accident, and increased regulatory
April 26, 2024
Business
Microsoft launches Copilot internally to boost AI adoption by developers - Business Insider
Microsoft is launching Microsoft 365 Copilot tool for employees as it looks to get more developers to use artificial intelligence, Business Insider reported on Wednesday.
April 26, 2024
Business|Economy|Food|Technology
'Long and tedious journey': companies sour on China outlook
Some of the world's top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about
April 26, 2024
Business|Finance|Stock Markets|US
Investor Ackman's Pershing Square launches new fund aimed at US retail investors
Billionaire investor William Ackman is offering a new hedge fund to U.S.-based retail investors, allowing Main Street to tap into his double digit performance gains previously
April 26, 2024
Business|Finance
Bottler Coca-Cola HBC names insider Stamoulis as CFO
Bottling firm Coca-Cola HBC on Wednesday named company veteran Anastasis Stamoulis as its chief financial officer, succeeding Ben Almanzar who would step down from the role in the second
April 26, 2024
Americas|Business|Finance
Analysis-Diageo turnaround plan soothes investors but some doubts remain
Diageo's attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world's top spirits maker can revive its
April 26, 2024
Business|News|Technology
Aircraft lessor DAE expects further Boeing delays
A production cap and recent incidents with Boeing's 737 MAX aircraft will "undoubtedly" impede the planemaker's ability to catch up on already delayed delivery commitments, lessor Dubai
April 26, 2024
Business|Economy|Finance|Technology
Airbus confirms 30 January deliveries, posts 31 orders
Europe's Airbus confirmed on Wednesday it had delivered 30 jets in January, up 50% from the same month last year, and reported 31 new orders.
April 26, 2024
Business|Finance|Stock Markets
Ackman exits Lowe's after bet earned $1.3 billion for Pershing Square funds
Hedge fund manager William Ackman exited his position in Lowe's after the home improvement retailer earned more than $1 billion in profits for Pershing Square Capital Management's
April 26, 2024
Business|Health|Lifestyle|US
NFL-Employers bracing for a breakout of Super flu on Monday
Businesses across the United States are bracing for an outbreak of the Super flu next Monday when over 16 million Americans are expected to phone in sick after
April 26, 2024
Business|Finance|US
KKR beats estimates with 4% rise in Q4 earnings
Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
DuPont beats fourth-quarter profit estimates
DuPont de Nemours beat Wall Street estimates for fourth-quarter profit on Tuesday, as the chemicals maker benefited from cost-cutting measures.
April 26, 2024
Business|Economy|Finance
Company auditors face more rigorous role in spotting fraud - global body
Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals on Tuesday.
April 26, 2024
Business|Economy|Finance|News
Canada's Ivey PMI rises to 9-month high in January
Canadian economic activity expanded at its fastest pace in nine months in January, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.
April 26, 2024
Business|Europe|Technology
SAP removes Tesla from list of company car suppliers -Handelsblatt
German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.
April 26, 2024
Business|Technology
Alphabet is seeking outside investment for its GFiber internet business
Alphabet plans to seek external investment for GFiber, its business selling Wi-Fi and internet connectivity in parts of the United States, the company told
April 26, 2024
Business|Economy|Finance|News|US
US factory orders rise moderately in December
New orders for U.S.-made goods rose just moderately in December, but a pick up is likely in the months ahead as unfilled orders continued to pile up.
April 26, 2024
Business|Finance|Stock Markets|US
Fourth-quarter US earnings estimate improving quickly
The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts' expectations including ones this week from Meta Platforms and
April 26, 2024
Business|Technology|US
Exclusive-Boeing delays some 737 MAX deliveries after new quality defect
Boeing Co said on Sunday it will have to perform rework on about 50 undelivered 737 MAX airplanes, potentially delaying near-term deliveries, after its supplier Spirit AeroSystems
April 26, 2024
Business|Health|US
Abbott Labs must face lawsuit over PediaSure height claims
A judge has rejected Abbott Laboratories' effort to dismiss a New York City grandmother's lawsuit claiming it misled consumers into believing its PediaSure
April 26, 2024
Business|Finance|News|US
US court sets expedited schedule for JetBlue, Spirit merger rejection appeal
A U.S. appeals court on Friday set an expedited schedule for the JetBlue Airways and Spirit Airlines appeal aimed at reversing a lower court ruling that blocked their $3.8 billion merger.
April 26, 2024
Arts|Business|Celebrity|Entertainment|News
Mercuriadis bows out as Hipgnosis Songs Management CEO, to become chair
Music industry veteran Merck Mercuriadis has stepped down as the CEO of Hipgnosis Songs Management (HSM), the artist management firm he founded, in a move that could help improve relations
April 26, 2024
Business|Finance|Stock Markets|US
January saw record US leveraged loan issuance - JPMorgan
This January broke a record in gross U.S. institutional leveraged loan issuance, as companies took advantage of a decline in borrowing costs, according to a Thursday report
April 26, 2024
Business|Finance|Health|Stock Markets|US
Bristol Myers posts better-than-expected 4th-quarter results
Drugmaker Bristol Myers Squibb on Friday posted better-than-expected results for the fourth quarter as sales of its new anemia drug Reblozyl and its already off patent
April 26, 2024
Business|Finance|Technology
Analysis-Volvo's Polestar troubles signal 'shakeout time' for EV industry
The shakeout in the global electric-vehicle industry is picking up speed.
April 26, 2024
Business|Finance|Technology
Activist investor Elliott gains seat at Etsy, has 13% economic stake in company
Elliott Investment Management reached a settlement with online market place Etsy that hands a board seat to the activist investment firm, the two sides said on Thursday.
April 26, 2024
Business|Economy|News|US
Walmart to open more than 150 stores in US
Walmart said on Wednesday it was planning to open more than 150 stores over the next five years, as it invests heavily in its operations to stay competitive in a fast-changing retail
April 26, 2024
Business|Economy|Entertainment|Finance|Stock Markets|US
Peltz's Trian wants Disney shareholders to reject two board directors at AGM
Nelson Peltz's Trian Fund Management has urged Walt Disney shareholders not to re-elect two board directors at the media conglomerate's annual general meeting, according to a proxy filing
April 26, 2024
Business|Economy|Finance|US
Moody's puts New York Community Bancorp on review for downgrade
Ratings agency Moody's on Wednesday placed all long-term and short-term ratings and assessments of New York Community Bancorp and its subsidiary, Flagstar Bank, on review for a downgrade.
April 26, 2024
Business|Finance|US
Factbox-New York Community Bank's path to $100 billion club and share slide
Nearly a year ago, New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank, helping secure a spot in the list of
April 26, 2024
Business|Entertainment|Technology
Byron Allen seeks television assets in Paramount bid - sources
Media mogul Byron Allen is focused on acquiring Paramount Global's television networks and stations, people familiar with the matter said on Wednesday, as part of a $14
April 26, 2024
Business|Technology|US
Boeing CEO says door plug issue under control, apologizes to United's Kirby
Boeing Co CEO Dave Calhoun said on Wednesday he was convinced that the door plug issue that has sparked a safety and quality crisis at the planemaker was "completely under control."
April 26, 2024
Americas|Business|News|Technology
Argentina's Milei seeks Tinder hook-up with global Big Tech
Argentina's libertarian President Javier Milei is seeking a hook-up through Tinder: with global Big Tech.
April 26, 2024
Business|Finance|US
Ancora-led group takes $1 billion stake in Norfolk Southern in bid to oust CEO - WSJ
An Ancora Holdings-led investor group has taken a roughly $1 billion stake in Norfolk Southern and nominated a majority slate of directors to the railroad operator's board in a bid to oust
April 26, 2024
Business|Technology|US
Southwest Airlines not looking to shift to Airbus aircraft, still want Boeing MAX 7s
Southwest Airlines has no plans to diversify its fleet towards Airbus aircraft and still wants to eventually take delivery of the Boeing 737 MAX 7 planes it has ordered, Vice
April 26, 2024
Business|Technology
Ryanair will take as many Boeing MAX 10s as it can get, says CEO
Ryanair will take as many Boeing MAX 10 aircraft as it can get, the airline's CEO told Reuters on Tuesday, reiterating his confidence in the U.S. planemaker.
April 26, 2024
Business|Entertainment|Finance|Stock Markets|Technology
Byron Allen submits $30 billion offer for Paramount Global, including debt
Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday.
April 26, 2024
Business|Finance|Sports|US
Amer Sports' China reliance weighs on 2024's first big IPO -sources
Amer Sports' growing reliance on China for its revenue is weighing on the appetite of those considering buying into the sporting equipment maker's $1.8 billion U.S.
April 26, 2024
Business|Finance|Stock Markets|Technology
Supermicro shares jump after revenue forecast raise re-ignites AI rally
Super Micro Computer shares rose nearly 11% before the bell on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue
April 26, 2024
Business|Europe|Finance
Signa Holding faces claims of $9 billion - insolvency manager
The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% more
April 26, 2024
Business|Technology|Travel|US
Ryanair sees Boeing MAX 10 flying in first quarter of 2025
Major Boeing customer Ryanair said on Monday it was hopeful the 737 MAX 10 would be certified before the end of the year and flying at the start of 2025.
April 26, 2024
Business|News|Technology|US
New York state comptroller asks Boeing CEO to explain handling of MAX 9 fallout -letter
New York State's comptroller has asked Boeing CEO Dave Calhoun to explain how it is handling its current crisis in the wake of a door plug blowout on its 737 MAX 9 aircraft,
April 26, 2024
US
Lawmakers want US to probe four Chinese firms involved in Ford battery plant -- letter
The chairs of two U.S.
April 26, 2024
Asia|Business|Finance
Japan's 3 megabanks to loan Nippon Steel $16 billion for U.S. Steel acquisition -Bloomberg
Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group will lend Nippon Steel a combined $16 billion for its planned acquisition of U.S.
April 26, 2024
Business|Economy|Finance|Technology
Industry pain abounds as electric car demand hits slowdown
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies,
April 26, 2024
Business|Economy|Finance|Stock Markets
ICE global and commodities derivatives open interest hits record high
Intercontinental Exchange said on Monday that its global futures and options markets along with its derivatives in the commodities and energy segments logged all-time high open interest
April 26, 2024
Business|Europe|Finance|Stock Markets
Holcim shares surge after investors welcome move to spin off N.American business
Holcim shares were the best performers in Europe on Monday after investors welcomed the building material giant's plan to separate its North American business and list it on the New
April 26, 2024
Business|Technology
AerCap CEO dismisses calls for Boeing leadership changes
The head of the world's largest aircraft lessor AerCap dismissed calls for leadership changes at Boeing and said the planemaker is under no illusion about what needs
April 26, 2024
Business|Finance|Stock Markets|US
Switzerland's Holcim to spin off North American business, picks new CEO
Holcim will spin off its North American business, which it plans to list in the United States in the first half of 2025, the building materials giant said on Sunday, adding that it
April 26, 2024
Business|Europe|Technology
Spotify says Apple's plan to comply with EU regulation 'farce'
Spotify said on Friday that Apple's new plan to comply with the European Union's Digital Markets Act (DMA) is "a complete and total farce."
April 26, 2024
News|US
False 'Made in USA' claims lead to $2 million penalty against Kubota -FTC
The U.S.
April 26, 2024
Business|Technology|US
Alaska Airlines completes inspections on first group of Boeing 737 MAX 9 aircraft
Alaska Airlines on Friday said it has completed inspections on the first group of its Boeing 737 MAX 9 aircraft, clearing the carrier to put the MAX 9 back in service after an in-flight
April 26, 2024
Business|Finance|Technology
Western Digital Corp posts wider Q2 loss, sees impact of structural changes
Data storage products maker Western Digital Corp posted a wider-than-expected quarterly adjusted loss on Thursday, due to the impact of structural changes the company implemented in its
April 26, 2024
Business|Finance|News
Union Pacific beats Q4 profit estimates on strong pricing, volume gains
Railroad operator Union Pacific beat estimates for fourth-quarter profit on Thursday on price hikes and volume gains.
April 26, 2024
Business|Finance|US
Small Boeing suppliers lament new turmoil around 737 planes
Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make
April 26, 2024
Business|Finance|Technology
PayPal to launch AI-based products as new CEO aims to revive share price
PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject
April 26, 2024
Business|News|Technology|US
Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion
Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding
April 26, 2024
Business|Economy|Finance|US
US business activity picks up in January; inflation cooling - S&P Global survey
U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest level in more
April 26, 2024
Business|Technology|US
Southwest Airlines removes MAX 7 from 2024 plans, cuts delivery forecast from Boeing
Southwest Airlines said on Thursday it was expecting to take fewer deliveries of Boeing's 737 MAX aircraft and it had left out the MAX 7 model, which is mired in
April 26, 2024
Asia|Business|Economy|Travel
Japan business leaders return to China seeking to bolster cooperation
An unusually large delegation of about 200 Japanese business leaders arrived in China this week to bolster economic relations in the first such visit in more than four years and in
April 26, 2024
Business|Economy|Finance|Stock Markets|Technology
Futures stall ahead of economic data; Tesla slides on growth warning
Futures tracking the S&P 500 and the Nasdaq were subdued on Thursday, as investors paused after a technology-fueled Wall Street rally to size up a slew of key economic data, while Tesla
April 26, 2024
Business|Economy|Finance|US
Fed to allow emergency bank lending program expire on March 11
The Federal Reserve announced on Wednesday that it will allow its Bank Term Funding Program to expire as scheduled on March 11, as it wraps up a lifeline program created for banks during
April 26, 2024
Business|Finance
Dow beats fourth-quarter profit estimates
Chemicals maker Dow beat Wall Street estimates for fourth-quarter profit on Thursday, helped by a pick-up in product sales volumes.
April 26, 2024
Asia|Business|News|Technology|US
China says Boeing has permission to resume 737 MAX 8 deliveries
China said on Thursday it has given Boeing permission to resume deliveries of its 737 MAX 8 to local customers, ending an import freeze on the U.S
April 26, 2024
Business|Finance|Technology
Electric van maker Arrival inches closer to insolvency - Sky News
British electric vehicle company Arrival is heading closer to insolvency after lining up a new set of advisers to oversee contingency planning, Sky News reported on Monday.
April 26, 2024
Business|Finance|US
Choice Hotels nominates board directors in hostile Wyndham bid-sources
Choice Hotels International pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directors to replace
April 26, 2024
Business|Finance|Stock Markets|Technology|US
Amer Sports targets up to $8.7 billion valuation in US IPO
Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, said on Monday it was targeting a valuation of up to $8.7 billion in its U.S. initial public offering.
April 26, 2024
Business|Economy|Finance|US
US banks warn costly deposits to weaken interest income in 2024
Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.
April 26, 2024
Science|Technology
Safran tests radical jet engine design in historic wind tunnel
French engine maker Safran said on Friday it had begun wind-tunnel tests for its "RISE" technology project, a radical jet engine design for the next generation of medium-
April 26, 2024
Business|Finance
Goldman Sachs names Viniar as lead director succeeding Ogunlesi
Goldman Sachs' board named David Viniar as its next independent lead director, succeeding Adebayo Ogunlesi when he retires at the bank's next annual meeting in
April 26, 2024
Business|Finance
Blackwells Capital solicits support for its Disney board nominees
Activist hedge fund Blackwells Capital solicited support for its three nominees to Walt Disney's board of directors in a preliminary proxy filing on Friday, saying each
April 26, 2024
Business|Economy|News|Political
Biden administration taking heat from all sides over Louisiana LNG project
The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with
April 26, 2024
Business|Finance|Technology
AI startup Cohere in talks to raise roughly $500mln to $1bln - source
Cohere, a Toronto-based startup developing artificial intelligence for businesses, is in discussions with investors to raise capital in the ballpark of $500 million to $
April 26, 2024
Asia|Business|Technology
Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up
Vietnamese electric vehicle (EV) maker VinFast on Thursday said it delivered nearly 35,000 cars in 2023, below its target of at least 40,000 units, blaming slow EV adoption in some
April 26, 2024
Business|Finance|News|US
US LNG feedgas cut by Arctic freeze, problems at Freeport LNG
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the
April 26, 2024
Business|Finance|Stock Markets|US
S&P 500, Nasdaq climb as chips, megacaps jump
The benchmark S&P 500 and the Nasdaq jumped on Thursday after recent losses, boosted by chip and megacap stocks, with investors scouting for clues on
April 26, 2024
Business|Economy|Finance
Boeing bags 150 MAX planes order from India's Akasa Air
India's Akasa Air on Thursday announced an order for 150 Boeing 737 MAX narrowbody planes for expanding its domestic and international operations, as the budget carrier tries to
April 26, 2024
Business|Finance|Technology
Verizon to incur $5.8 billion impairment charge in fourth quarter
Verizon Communications said on Wednesday that it would record a non-cash goodwill impairment charge of about $5.8 billion in the fourth quarter.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
US business inventories fall in November
U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from
April 26, 2024
Business|Economy|Finance|Technology
US tops public distrust in innovation on eve of Davos -Edelman
Business and governments are doing a poor job of managing and regulating new technologies, a survey of people ahead of this week's World Economic Forum's
April 26, 2024
Business|Technology
Ryanair expects Boeing MAX 10 to be certified by Q4
Ryanair expects Boeing's 737 MAX 10 jet to be certified by the fourth quarter of 2024, Group Chief Executive Michael O'Leary said on Tuesday.
April 26, 2024
Business|Economy|Finance
CEOs fear for their firms in pre-Davos survey as AI, climate risks rise
Global executives are increasingly worried about the long term viability of their businesses, a PricewaterhouseCoopers pre-Davos
April 26, 2024
Business|News|Technology
Boeing 737 MAX deliveries to China face fresh delay after Alaska incident -WSJ
Boeing faces a fresh delay in the resumption of deliveries of 737 MAX jets to China after the mid-air blowout of a panel on an Alaska Airlines MAX 9 this month, the Wall Street Journal
April 26, 2024
Business|Economy|Finance|Technology
China's BYD in talks with Brazil's Sigma Lithium on supply deal -FT
Chinese electric car-maker BYD has held talks with Brazil's Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.
April 26, 2024
Business|Economy|Finance
Bank of America profit falls on $3.7 billion in charges
Bank of America's fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.
April 26, 2024
Business|Finance|Stock Markets|US
Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News
The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger's near-$25 billion acquisition of Albertsons, Bloomberg News reported on Thursday,
April 26, 2024
Business
UK to make Big Tech give rivals access to data under new plans
Britain's competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their own products under new powers it is due
April 26, 2024
Business|Finance
Sunoco to sell 204 stores to 7-Eleven for $1.0 billion
Sunoco LP said on Thursday it has agreed to sell 204 convenience stores in West Texas, New Mexico and Oklahoma to 7-Eleven Inc for about $1.0 billion.
April 26, 2024
Business|Finance|News|Stock Markets
Homebuilder Smith Douglas valued at $1.21 billion in strong debut
Smith Douglas Homes notched a valuation of $1.21 billion in its market debut on Thursday, after the homebuilder's shares rose 11.9% at open on the New York Stock Exchange.
April 26, 2024
Business|Entertainment|Finance
Skydance Media CEO exploring all-cash bid to take control of Paramount - WSJ
Skydance Media CEO David Ellison is exploring an all-cash bid to acquire entertainment giant Paramount Global's parent National Amusements, the Wall Street Journal said in a report on
April 26, 2024
Business|Finance|News|Stock Markets|US
Stocks rise as megacaps lead; inflation data, earnings eyed
U.S. stocks rose on Wednesday, building steam on strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the
April 26, 2024
Business|News|Travel
Ryanair passengers have shown no concern over Boeing jets, says CEO
Ryanair passengers have not shown any concern about flying on Boeing 737 aircraft since the grounding of some 737 MAX jets after a cabin panel blowout on an Alaska
April 26, 2024
Business|Finance|Stock Markets|US
Morgan Stanley promotes 155 employees to managing director: source
Morgan Stanley promoted 155 employees to managing director this year, fewer than its 2023 cohort of 184, said a person familiar with the
April 26, 2024
Business|Europe|Finance|Technology
Commerzbank enters joint venture with Global Payments
German lender Commerzbank and U.S. company Global Payments announced on Thursday a joint venture to offer digital payment services to small- and medium-sized business customers across
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Chesapeake to buy Southwestern Energy in $7.4 billion deal
Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, enabling the second-largest U.S. natural gas producer
April 26, 2024
Business|Europe|News|Technology|Travel
Ryanair expects to be 5-10 new aircraft short this summer -FT
Ryanair expects to be five to ten aircraft short for its peak 2024 summer season due to Boeing delivery delays, likely forcing it to revise down its traffic growth, Chief Executive
April 26, 2024
Business|Economy|Finance|World
OECD sees global minimum tax reshaping investment flows
The introduction this year of a global minimum corporate tax will reshape the flow of multinationals' foreign investments as the benefits from booking profits in tax havens disappear
April 26, 2024
Business|News|Technology|US
New US FAA administrator to testify before Congress
The new head of the Federal Aviation Administration is set to appear next month before Congress as the agency faces new questions on its oversight of planemaker Boeing following
April 26, 2024
Business|News|Technology
Canada, Honda representatives to meet about potential EV plant -govt source
Canadian officials are meeting with representatives of Honda Motor Co this week, a government source said, following a news report from Sunday that said the carmaker was considering
April 26, 2024
Business|Economy|Finance
Bank of America to take non-cash charge of $1.6 billion in Q4 after cessation of a loan index
Bank of America will take a charge of about $1.6 billion in the fourth quarter as it phases out the use of a Bloomberg interest rate benchmark.
April 26, 2024
Asia|Business|Finance|US
Nippon Steel confident of completing US Steel acquisition
Japan's top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S.
April 26, 2024
Business|Finance|Health
Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference
Healthcare dealmakers are making their way to San Francisco for a major industry
April 26, 2024
Economy|Finance|US
Global money market funds see big demand as rate cut euphoria fades
Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence expectations of
April 26, 2024
Business|Economy|Europe
France's Leclerc backs Carrefour in pressuring food producers
The chairman of France's biggest supermarket chain E.
April 26, 2024
Business|Economy|Europe
Carrefour drops Pepsico for now but will it make a difference?
Carrefour says it has ditched Pepsico products in four European countries for taking price hikes too far, but the negotiation tactic may have little impact given the
April 26, 2024
Business|Finance
BlackRock appoints Hua Fan as head of China, succeeding Tony Tang -sources
BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the
April 26, 2024
Business|Technology|US
RTX appoints insider Phil Jasper as Raytheon president
U.S. aerospace and defense company RTX said on Thursday industry veteran Phil Jasper will become president of its Raytheon unit after Wesley Kremer retires at the end of the first quarter.
April 26, 2024
Business|Finance|Stock Markets
Dow ends higher on financials, strong jobs data
The Dow Jones Industrial closed up on Thursday, as financial stocks and strong jobs data prompted investors to delay estimates of when interest-rate cuts could begin.
April 26, 2024
Business|Economy|US
US manufacturing sector eyes recovery in December - ISM
U.S. manufacturing contracted further in December, though the pace of decline slowed amid a modest rebound in production and improvement in factory employment.
April 26, 2024
Business|Finance
Intel spins out AI software firm with backing from DigitalBridge
Intel on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager
April 26, 2024
Business|Finance|Stock Markets|US
Homebuilder Smith Douglas seeks over $1 billion valuation in US IPO
Smith Douglas Homes is seeking a valuation of $1.08 billion in its U.S. initial public offering, the homebuilder said in a regulatory filing on Wednesday.
April 26, 2024
Economy|Finance
Saudi sovereign wealth fund splashes cash in 2023 - report shows
Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report
April 26, 2024
Business|Finance|Technology
OpenAI annualized revenue tops $1.6 billion- The Information
OpenAI's annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday citing
April 26, 2024
Business|Finance
LNG developer Tellurian hires financial advisor -Chairman Martin Houston
Struggling liquefied natural gas (LNG) developer Tellurian on Thursday said it has hired a financial advisor to assist in balance sheet management.
April 26, 2024
Business|Economy|Finance|US
Egg producer Cal-Maine to buy Tyson's chicken plant in Missouri
Egg producer Cal-Maine Foods said on Friday it had agreed to acquire a recently shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods.
April 26, 2024
Asia|Business|Finance|Technology
Toyota's global output surges to record in November on strong demand
Toyota Motor's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Big oil enters 2024 strengthened by U.S. industry consolidation
The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare
April 26, 2024
Business|Finance|Technology
Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end - report
Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported on Tuesday, citing two
April 26, 2024
Business|Finance|US
Paychex's quarterly revenue growth slows on weak client spending
Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of hiring, sending
April 26, 2024
Business|Economy|Finance
Dealmakers see rebound after global M&A volumes hit decade-low
Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an economic slowdown
April 26, 2024
Asia|Business|News|Technology|US
Boeing wins key clearance from China's aviation regulator on 737 Max deliveries - report
Boeing has won a key clearance from China's aviation regulator, the Civil Aviation Administration of China, on the deliveries of the 737 Max aircraft to China, trade publication
April 26, 2024
Business|Finance|Technology
Blue Origin, Cerberus looking to buy United Launch Alliance -WSJ
Jeff Bezos' Blue Origin and private equity firm Cerberus are among companies that have shown interest in buying rocket company United Launch Alliance (ULA), the Wall Street Journal
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Wall St opens lower as rate-cut rally fizzles; FedEx slides
Wall Street's main indexes opened lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve's likely pivot to a dovish policy, while FedEx
April 26, 2024
Business|Economy|Finance|US
US business equipment borrowings flat year-on-year in November - ELFA
U.S. companies borrowing rate remained flat in November compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.
April 26, 2024
Business|Economy|Finance
Optimism wanes among oil companies, Dallas Fed survey shows
Oil and gas activity remained essentially unchanged in the fourth quarter and optimism waned as uncertainty jumped, a survey of oil and gas executives by the
April 26, 2024
Business|Economy|Election|Finance|Stock Markets|US
Nippon's US Steel deal needs scrutiny, says Biden campaign adviser Deese
Brian Deese, a key player in President Joe Biden's 2024 re-election bid, said on Wednesday that Nippon Steel's proposed purchase of U.S.
April 26, 2024
Business|Finance|Technology
LATAM adds 5 more Boeing 787 Dreamliners to order book
LATAM Airlines has placed an order for five Boeing 787s, it said on Wednesday, adding more of the widebody aircraft meant for long-haul or larger capacity flights to its book.
April 26, 2024
Business|Economy|Finance
Aon to buy insurance broker NFP in $13.4 billion deal
Management consulting firm Aon said on Wednesday it will buy NFP, a middle market property and casualty broker, in a deal valued at $13.4 billion.
April 26, 2024
News|US|World
US SEC charges Tingo Group Nigerian CEO, three companies with fraud
The U.S.
April 26, 2024
Asia|Business|Economy|Finance|News|US
US adds 13 companies in China to unverified list
The United States has added 13 companies in China to its list of companies U.S. officials have been unable to inspect, according to a government notice posted on Tuesday.
April 26, 2024
Business|Finance|Stock Markets
Lufthansa orders 80 planes from Boeing and Airbus for $9 billion
Lufthansa ordered 80 planes from Boeing and Airbus plus future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday.
April 26, 2024
Business|Finance|Stock Markets
Brazil airlines shares rise on relief amid Lula push for lower ticket prices
Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices was not as heavy-handed as some expected, amid
April 26, 2024
Australia|Business|Finance|Stock Markets
Allkem investors approve Livent $10.6 billion merger on proxy votes
Australia's Allkem investors have approved Livent Corp $10.6 bln merger on proxy votes at a shareholder meeting in Perth on Tuesday.
April 26, 2024
Business|Finance
ADM to buy UK-based firm to boost nutrition business
U.S. agribusiness Archer-Daniels-Midland said on Tuesday it would buy UK-based flavor and ingredient firm FDL, as the company looks to expand its nutrition business.
April 26, 2024
Business|Finance
ADM to acquire dairy flavor firm Revela Foods
Global grains merchant Archer-Daniels-Midland said on Monday it will acquire Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients and solutions, to
April 26, 2024
Asia|Business|Economy|News|US
Road to Nippon's $14.9-billion acquisition of U.S. Steel
Japan's Nippon Steel's $14.9-billion acquisition of U.S.
April 26, 2024
Business|Finance
Icahn aims to remove Illumina's legacy directors - letter
Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, signalling plans to mount a second board challenge at the gene-sequencing
April 26, 2024
Business|Economy|Finance|News
US business activity picks up in December- S&P Global survey
U.S. business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the
April 26, 2024
Business|Finance|US
Greek-yogurt maker Chobani buys coffee company La Colombe for $900 million
Greek-yogurt maker Chobani said on Friday it had bought ready-to-drink coffee maker La Colombe for $900 million to expand its beverage business.
April 26, 2024
Asia|Business|Technology|World
China's ban on Apple's iPhone accelerates- Bloomberg News
More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday.
April 26, 2024
Business|Economy|Finance
US business inventories unexpectedly fall in October
U.S. business inventories unexpectedly fell in October, suggesting that inventory investment could weigh on economic growth this quarter.
April 26, 2024
Business|Technology
Tesla shortens expected delivery waiting time for Model 3, Y in China
Tesla has shortened the expected delivery waiting time for its Model 3 and Model Y in China to two to six weeks from six to nine weeks previously, according to its Chinese website
April 26, 2024
Business|Finance|Stock Markets|Technology
RTX insider Christopher Calio to succeed Gregory Hayes as CEO
RTX said on Thursday Christopher Calio, the company's current chief operating officer, would succeed Gregory Hayes as the aerospace and defense firm's CEO.
April 26, 2024
Business|Finance
Citi set to split Mexico retail bank from corporate, investment unit by late 2024
Citigroup will split its Mexico retail unit
April 26, 2024
Business|Finance
Citigroup closes municipal underwriting and market-making unit- memo
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.
April 26, 2024
Business|Technology|US
Boeing names insider Chris Raymond as head of aftermarket business
Boeing on Thursday named insider Chris Raymond as the new head of its aftermarket business, succeeding Stephanie Pope, who will take over as the planemaker's chief operating officer.
April 26, 2024
Business|Finance|Technology
Musk's SpaceX value jumps closer to $180 billion in tender offer - Bloomberg News
Elon Musk's SpaceX will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of the space and satellite company closer to $180 billion, Bloomberg
April 26, 2024
Business|Economy|Technology
Lucid has assembled near 800 cars in Saudi plant, focused on training -VP
Lucid Group has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its main focus on training more than 200 local employees, the EV
April 26, 2024
Business|Finance|US
Citigroup offers partial early bonuses to encourage departures - Bloomberg News
Citigroup is offering to pay some of its employees a portion of their annual bonuses early if they agree to voluntarily depart, Bloomberg News reported on Wednesday, citing people familiar
April 26, 2024
Business|Europe|Technology
Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations
Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the
April 26, 2024
Business|Economy|US
US small business sentiment falls slightly, NFIB says
U.S. small business sentiment edged down in November to the lowest level in six months, stoked by continued difficulties in hiring skilled labor and concerns about
April 26, 2024
Business|Finance|Stock Markets|Technology
Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract
Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after
April 26, 2024
Business|Finance|US
M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy
April 26, 2024
Business|Economy|Finance|News|US
Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal
Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery
April 26, 2024
Business|Finance|Stock Markets
Ken Griffin's Citadel to return about $7 billion in profit to investors -source
Billionaire Ken Griffin's Citadel is planning to give back about $7 billion in profits to investors after a year of double-digit returns, a source familiar with the matter said on Tuesday.
April 26, 2024
Business|Finance|Technology|US
Factbox-Who is Boeing's new COO Stephanie Pope?
Boeing on Monday named long-serving insider Stephanie Pope to the newly created role of chief operating officer, likely making her one of the top contenders to succeed David Calhoun as CEO
April 26, 2024
Business|Finance
Boeing deepens strategy cuts as operations take center-stage -sources
Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses
April 26, 2024
Business|Finance|Stock Markets|US
Bankrupt trucking co. Yellow approved for $1.88 billion real estate sale
Bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its shipping centers and owned real estate to multiple buyers for $1.88
April 26, 2024
Asia|Business|Economy|Technology
Nvidia CEO aims to set up a base in Vietnam
Nvidia wishes to establish a base in Vietnam to develop the country's semiconductor industry as it considers the Vietnamese market an important one, the Vietnamese government said,
April 26, 2024
Business|Finance|Technology|US
Boeing to name Stephanie Pope as Chief Operating Officer - WSJ
Boeing is expected to name company veteran Stephanie Pope as its chief operating officer, setting her up as the likely successor to Chief Executive David Calhoun, the Wall Street Journal
April 26, 2024
Economy|Finance|US
US consumers' moods brighten as inflation worries subside - UMich
U.S. consumer sentiment perked up much more than expected in December, snapping four straight months of declines, as households saw inflation pressures easing, a survey showed on Friday.
April 26, 2024
Business|Economy|US
Starbucks to resume union talks - Bloomberg News
Starbucks has reached out to the union representing hundreds of its stores in the United States, Bloomberg News reported on Friday.
April 26, 2024
Business|Europe|Finance
LVMH cedes control of cruise retail to Florida developer Jim Gissy
LVMH signed a deal to sell a majority stake in the parent company of its cruise retail business to a group of investors led by Florida property developer Jim Gissy, but will remain an
April 26, 2024
Business|Finance|US
Honeywell to buy Carrier's security unit for $4.95 billion
U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier's security business for $4.95 billion. Shares of Carrier rose 6% in premarket trade.
April 26, 2024
Business|Economy|Europe|Finance|Stock Markets|US
Britain's Marex Group files for US IPO
Marex Group, a British commodities broker, announced plans on Friday to list its shares in New York, the latest blow to London's bid to attract companies to its stock exchange.
April 26, 2024
Business|Technology
Apple aims to build more than 50 million iPhones annually in India - WSJ
Apple and its suppliers aim to build more than 50 million iPhones in India each year, within the next two-to-three years, with additional tens of millions of units planned thereafter, the
April 26, 2024
Business|Technology
US FCC approves Dish, EchoStar merger deal, shares rise
The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire
April 26, 2024
Business|Finance|US
Exclusive-Coffee trader Mercon runs out of credit, files for bankruptcy protection
Mercon Coffee Group, one of the world's largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as "
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Chevron forecasts $16 billion capex for 2024
Oil major Chevron Corp said on Wednesday that it expects 2024 capital expenditure between $15.5 billion and $16.5 billion, and about $3 billion for affiliates.
April 26, 2024
Business|Finance|Health|US
AbbVie to buy drug developer Cerevel for $8.7 billion
AbbVie said on Wednesday it would buy Cerevel Therapeutics, a developer of drugs for neurological conditions, for about $8.7 billion in a bid to replace revenue as its arthritis drug
April 26, 2024
News|US
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
Smithfield Foods said on Tuesday it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest
April 26, 2024
Business|Finance|Technology
SentinelOne raises annual revenue forecast on robust cybersecurity spending (Dec. 5)
Cybersecurity firm SentinelOne on Tuesday forecast fourth-quarter revenue above Wall Street estimates and raised its annual revenue outlook, as cybersecurity spending remains strong.
April 26, 2024
Business|Economy|Europe|News|Sports
Russian distributor to launch sales of Adidas, Reebok goods- Kommersant
A Russian distributor of Western sports brands will start selling Adidas and Reebok products as soon as this week, despite the companies' departure from the market over the war in
April 26, 2024
Business|Economy|Finance
Rising war risks prompt property insurers to rethink cover
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and
April 26, 2024
Business|Finance|US
BAT writes down US cigarette brands, tobacco stocks fall
British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that
April 26, 2024
Business|Fashion and Beauty|Finance
Zegna targets over 10% yearly sales growth after Tom Ford deal
Ermenegildo Zegna aims to grow its sales by more than 10% a year on average over the medium term, with profits rising twice as fast, after it bought U.S. brand Tom Ford Fashion
April 26, 2024
Business|Finance
Wells Fargo CEO expects severance expenses to exceed $750 million
Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1
April 26, 2024
Economy|Finance|News|US
Underlying US inflation pressures eased in October - NY Fed
Underlying inflation pressures eased in October compared to the prior month, according to a report released on Monday by the Federal Reserve Bank of New York.
April 26, 2024
Business|Economy|Finance|Stock Markets
P&G to record up to $2.5 billion in charges related to Gillette business, restructuring
Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring
April 26, 2024
Business|Economy|Finance
Mexican airline Volaris reaches accord with P&W on GTF motor inspections
Mexican airline Volaris said on Tuesday it had reached an agreement with Pratt & Whitney on compensation for each GTF motor pulled from its fleet for inspections.
April 26, 2024
Business|Economy|Finance|Stock Markets
Marketmind: Small caps pick up baton, China rating hit
A look at the day ahead in U.S. and global markets from Mike Dolan As the S&P500 stalled on Monday at its high for the year, taking a breather from last week's 'peak rates' rally, smaller U.S. stocks
April 26, 2024
Business|Technology|Travel
Airbnb creates new chief business officer role, appoints new chief financial officer
Airbnb on Tuesday announced changes to its executive leadership team, including the creation of a chief business officer position as the company looks to expand beyond
April 26, 2024
Business|Finance
SMBC CEO sees shortage of new aircraft possibly lasting beyond 2026
The head of the world's second largest aircraft leasing company SMBC Aviation Capital expects a shortage of new aircraft to continue until at least 2026 and possibly beyond.
April 26, 2024
Business|Economy|Finance|Technology|US
Factbox-Tech firms, Wall Street lead job cuts in Corporate America
Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in
April 26, 2024
Business|Finance
Bull market in view after S&P 500 hits fresh year-high
The bull is nearly loose.
April 26, 2024
Business|Finance|Stock Markets|Technology
Uber to become S&P 500 constituent -S&P Indexes
Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P
April 26, 2024
Business|Finance|News|US
Judge set to rule on Berkshire Hathaway request for speedy trial over Pilot unit
A Delaware judge said she will decide by Friday whether to give Warren Buffett's Berkshire Hathaway a January trial date over a dispute of how to value truck stop
April 26, 2024
Business|News|US
Vista Outdoor rejects Colt CZ's merger offer
U.S. sporting and outdoor products group Vista Outdoor's has rejected a cash-and-stock merger offer from Czech gunmaker Colt CZ Group, saying it undervalued the company and was not better
April 26, 2024
Business|Economy|Finance|News
Vans owner VF Corp lays off 500 employees in restructuring push
Vans owner VF Corp said on Thursday it has laid off about 500 employees as it aims to restructure its business and improve operations globally.
April 26, 2024
Business|Finance|US
Remy Cointreau first-half profits fall 43% as U.S. weighs, keeps goals
French spirits group Remy Cointreau on Thursday sticked to its full year 2023/24 outlook for lower sales and profits, reiterating a rebound in sales in its key U.S. market would not
April 26, 2024
Business|Finance|US
Phillips 66 to continue 'constructive dialogue' with Elliott Investment
Phillips 66 said on Wednesday it "plans to continue a constructive dialogue" with Elliott Investment Management after the company asked the U.S. refiner to revamp its board to boost
April 26, 2024
Business|Technology|US
Microsoft to take non-voting, observer position on OpenAI's board
Microsoft will take a non-voting, observer position on OpenAI's board, OpenAI said on Wednesday, adding that Sam Altman has been officially reinstated as chief executive officer of the
April 26, 2024
Business|Finance|US
Factbox-Phillips 66's refining operations come under activist radar
Activist investor Elliott Investment Management revealed a $1 billion stake in U.S. refiner Phillips 66 on Wednesday, calling for a boardroom overhaul and criticizing management for taking
April 26, 2024
Business|Finance|Health|US
Factbox-Consolidation in US health insurance industry
Health insurer Cigna is in merger talks with Humana, a source familiar with the matter said on Wednesday, potentially marking the latest in a long string of deals aimed at
April 26, 2024
Asia|Business|Finance|Stock Markets|US
China EV brand Zeekr puts US IPO on hold -sources
Chinese electric vehicle brand Zeekr has put its U.S. initial public offering (IPO) on hold due to a mismatch in valuation expectations, according to two sources with direct
April 26, 2024
Business|Technology|US
Broadcom to review strategic options for two VMware units - Insider
U.S. chipmaker Broadcom will review strategic options for two business units of VMware, Insider reported on Wednesday, citing a leaked email from CEO Hock Tan to employees.
April 26, 2024
Europe
Exclusive-Emirates tells Rolls-Royce: Go back to basics, get engines right
The head of Dubai's Emirates has urged Rolls-Royce to go "back to basics" and focus on the performance of its engines, a day after the British firm laid out plans to
April 26, 2024
Business|Economy|Finance
Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its
April 26, 2024
Business|Entertainment|US
Disney CEO to step down at the end of 2026
Walt Disney CEO Bob Iger said at the Dealbook conference he "will definitely step down" at the end of 2026.
April 26, 2024
Business|Finance
Activist investor Ubben shutting down Inclusive Capital-sources
Jeff Ubben, one of Wall Street's most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed
April 26, 2024
Business|Economy|Finance|US
US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says
Mid-sized U.S. businesses owned by minorities have untapped revenue potential worth $1.3 trillion annually, JPMorgan Chase found in a study on a segment where major
April 26, 2024
Business|Finance
Nippon Life to buy Nichii Holdings for about $1.41 billion - Nikkei
Japan's Nippon Life Insurance will acquire Nichii Holdings for about 210 billion yen ($1.41 billion), the Nikkei reported on Tuesday.
April 26, 2024
Asia|Business|Economy|Finance
Vietnam set to raise effective tax rate on multinationals as part of global deal
Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a
April 26, 2024
Business|Economy|Finance|US
U.S. business activity steady in November - S&P Global survey
U.S. business activity held steady in November, but employment in the private sector declined for the first time in almost three-and-a-half years, consistent
April 26, 2024
Business|Finance
Stellantis to revise up revenue target for 'circular economy' unit
Stellantis' revenue target for its recycling and reconditioning unit will be raised after growing 25% so far this year, the group's Chief Executive Carlos Tavares said on
April 26, 2024
Business|Economy|Finance|News
Oil down 1% on bearish view of delayed OPEC+ meeting
Oil prices fell 1% in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less
April 26, 2024
Business|News|Technology
Factbox-'Boomerang' CEOs of major companies
Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board.
April 26, 2024
Business|Technology|US
FAA approves Boeing to start 737 MAX 10 certification flight tests
The Federal Aviation Administration has cleared Boeing to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet
April 26, 2024
Australia|Business|Finance
EIG CEO says consortium no longer willing to negotiate with Origin's top investor
EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy was "done" negotiating with top shareholder AustralianSuper in an
April 26, 2024
Business|Finance|News|Stock Markets|Technology
Crypto exchange Binance sees outflows of $956 million in last 24 hours - Nansen
Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, data firm Nansen reported on Wednesday, a day after its chief, Changpeng Zhao, stepped down and
April 26, 2024
Business|Europe|Technology
Businesses, tech groups warn EU against over-regulating AI foundation models
Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI
April 26, 2024
Business|Finance|US
Wyndham board deems Choice Hotels' new offer "a step backwards"
U.S. budget hotel operator Wyndham Hotels and Resorts said on Tuesday a new letter from Choice Hotels "represents a step backwards" and the terms outlined are not in the best interests of
April 26, 2024
Business|Celebrity|Entertainment|Finance
Music rights giant BMI to be bought by New Mountain-led group
An investor group led by New Mountain Capital on Tuesday agreed to buy Broadcast Music Inc (BMI), the music rights company that represents top songwriters including Lady Gaga, Taylor Swift
April 26, 2024
Business|Finance|Health
Morgan Stanley's Andy Saperstein diagnosed with cancer - memo
Morgan Stanley co-President Andy Saperstein has been diagnosed with cancer, he wrote in an internal memo seen by Reuters on Tuesday.
April 26, 2024
Business|Economy|Finance|US
GM to hold Nov. 29 business update after UAW contract deal
General Motors said on Tuesday it will give a Nov. 29 business update following the ratification of new labor agreements in the United States and Canada.
April 26, 2024
Business|Finance|Stock Markets|US|World
Shares tread water, dollar dips as markets eye Fed rate cuts
Shares were generally flat on Monday in thin trading ahead of the U.S.
April 26, 2024
Business|Finance|Technology
Exclusive-OpenAI investors considering suing the board after CEO's abrupt firing - sources
Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday,
April 26, 2024
Business|Finance
Anne Richards steps down as Fidelity International CEO
Asset manager Fidelity International announced on Monday that Anne Richards has stepped down as chief executive officer after five years and will become vice chair at the company.
April 26, 2024
Business|Technology
Meta breaks up its Responsible AI team, The Information reports
Meta Platforms is breaking up its Responsible AI team that worked on understanding and preventing harms associated with the artificial intelligence technology it is developing, The
April 26, 2024
Business|Finance|Stock Markets
Lilly extends tender offer to acquire Point Biopharma to Dec 1
Eli Lilly said on Friday it was extending the deadline for its tender offer for Point Biopharma shares to Dec. 1, from Nov. 16 previously.
April 26, 2024
Business|Technology|US
Exclusive-GM's Cruise CEO offers apology, will allow share sales - email
The CEO of Cruise, General Motors’ robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the
April 26, 2024
Business|Technology
Exclusive-Amazon.com to cut "several hundred" Alexa jobs
Amazon.com on Friday announced it is trimming roles its Alexa unit, according to an email to staff viewed by Reuters.
April 26, 2024
Business|Finance
Embraer CEO expects revenue to climb about 20% in 2024
Brazilian planemaker Embraer expects its revenue to grow by about 20% in 2024, its chief executive said on Friday.
April 26, 2024
Business|Finance|Stock Markets|Technology|US
ChargePoint's stock slumps to record low after revenue warning, executive changes
ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue
April 26, 2024
News|US
US SEC urges judge to force Musk testimony in Twitter takeover probe -filing
The U.S.
April 26, 2024
Business|Economy|Europe|Finance
Russia's Avtovaz sees 10% lower Lada production in 2023 due to U.S. sanctions -Ifax
Russia's largest carmaker Avtovaz said it had lowered its production forecast for Lada cars due to U.S. sanctions imposed in September, Interfax news agency reported on Friday.
April 26, 2024
Business|Finance|Technology
GM reorganizes BrightDrop EV unit, business head leaving
General Motors said on Thursday it was reorganizing its BrightDrop electric commercial vehicle unit to make it less independent and reduce costs, and that the
April 26, 2024
Business|Entertainment|US|Videos
Disney management to host company-wide town hall on Nov. 28
Walt Disney will host a company-wide town hall on Nov. 28 to discuss future projects, according to an internal memo from CEO Bob Iger.
April 26, 2024
Business|Economy
Citi CEO Fraser touts 'clear benefits' of diversifying supply chains
Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "
April 26, 2024
Asia|Business|Finance|Technology
Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
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
Business|Economy|Finance|US
3M names new healthcare spinoff as Solventum
U.S. industrial conglomerate 3M said on Thursday its independent healthcare business would be called Solventum following its spinoff.
April 26, 2024
Business|Economy|Finance|News|US
US producer prices unexpectedly fall in October
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
Business|Technology|US
Exclusive-ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth
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
Business|Economy|Finance
Blackstone to raise $400 million to boost credit fund's lending power - FT
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
Business|Finance|News|World
Western investors spooked as Moscow mulls compulsory share purchase plan
Western investors in Russian companies are bracing for a new presidential decree under consideration in Moscow which
April 26, 2024
Business|Economy|Finance|News|US
US SEC enforcement garnered nearly $5 billion in financial remedies last year
The U.S.
April 26, 2024
Business|Finance
Trian reports new position in Allstate, increased stake in Disney
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
Business|Finance|Stock Markets|Technology|US
Salesforce's strong stock price wooed some investors during third quarter - filings
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
Business|Finance|Stock Markets|US
Berkshire sheds GM, Johnson & Johnson, Procter & Gamble as it amasses cash
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
Business|Economy|Finance|US
U.S. small business sentiment falls slightly
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
Americas|Asia|Business|Economy|US
Tricky politics on menu for China's Xi at US business dinner
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
Asia|Business|Technology|US
Japan chipmaker Rapidus to open U.S. office by year-end - TV Tokyo
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
Business|Economy|Finance|News|Stock Markets
Canadian insurer Sun Life's Q3 profit falls
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
Asia|Business|Finance
Riyadh Air still in narrow-body jet order talks, COO says
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
Business|Economy|Finance
JBS' Q3 profit plunges on low U.S. pork prices, beef margins and global chicken glut
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
Asia|Business|Economy|Finance|Stock Markets
Citadel Securities explores China licence as Beijing steps up market-making program
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
Business|Europe|Finance
ACS hires SocGen to sell services unit in 700 million-800 million euro deal, Expansion reports
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
Business|Finance|Technology
Koc Holding revokes pact with Ford, LG Energy Solution for Turkey battery JV
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
Business|Finance
Exclusive-China's sovereign fund appoints new North America chief -sources
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
Asia|Business|Finance|Stock Markets|Technology
China's Zeekr reveals wider loss in US IPO paperwork, Geely shares fall
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
Business|Health|US
UnitedHealth's unit to add eight insulin products to its reimbursement list
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
Business|Europe|Finance|News|Technology|World
Russia fines three foreign firms 15 million roubles for data storage violations
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
Asia|Business|Economy|News|World
Putin approves transfer of state-owned shares in shipping company to Rosatom
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
Business|Economy|Finance|US
WeWork seeks permission to begin canceling leases in bankruptcy
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
Business|Finance|Stock Markets|US
Shares of Spirit Aero down 15% as company looks to raise cash
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
Business|Economy|Finance
Goldman Sachs plans to offload GM credit card - source
Goldman Sachs plans to offload its General Motors credit cards, a person familiar with the matter told Reuters on Tuesday.
April 26, 2024
Business|Europe|Finance
CNH launches $1 billion buyback, NYSE single listing plan effective from Jan 2
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
Business|Europe|Finance|Technology
Airbus edges towards 2023 delivery goal after 18% increase in Oct
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
Business|Technology|US
Lyft's gains from price cuts not enough to dent Uber's US lead
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
Business|Finance|Technology
Foxconn says October sales down 4.56% y/y
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
Business|Finance|Health|US
Cigna explores shedding Medicare Advantage business -sources
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
Business|Finance|Sports
Canada's OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
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
Business|Economy|Finance|News
Canada's Ivey PMI shows activity expanding for third month in October
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
Business|Finance|Technology|Travel
Air New Zealand flags impact to operations from Pratt & Whitney engine issue
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
Business|Economy|Finance|US
US service sector at five-month low in October- ISM survey
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
Business|Europe|Finance|Technology
Telecom Italia reviews KKR's bid as rival plan emerges
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
Business|Finance
Starbucks to grow to 55,000 global stores by 2030, sees $3 billion in cost savings
Starbucks is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Sempra reports Q3 profit beat on infrastructure unit strength
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
Business|Economy|Finance|Stock Markets|US
RBC to pay $6 million to settle US charges of internal accounting control violations
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
Business|Finance|Stock Markets|Technology|Travel
Expedia beats profit estimates, announces $5 billion share buyback
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
Business|Economy|Finance|US
Column-U.S. manufacturers stumble in setback for diesel demand: Kemp
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
Business|Finance|News|US|World
Walmart pledges $1 million aid for Israel victims
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
Business|Finance|News|US
US theme-park operators Cedar Fair, Six Flags to merge
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
Business|Finance|US
Spirit Airlines CEO defends JetBlue merger in US antitrust trial
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
Business|Finance|Stock Markets|US
Prudential Financial's third-quarter profit boosted by US unit growth
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
Business|Economy|Health|US
Novo Nordisk to 'significantly' boost U.S. Wegovy doses next year
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
Business|News|Travel|US
Marriott's profit rises on strong travel demand
Marriott International reported a rise in quarterly profit on Thursday, as the U.S. hotel operator benefited from resilient travel demand.
April 26, 2024
Business|Finance|News|US
JPM CEO asks Texas to stop pushing anti-business bond laws - Bloomberg News
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
Business|Finance
Goldman Sachs-backed firm applies to sell U.S. retail electricity contracts
A company owned by
April 26, 2024
Business|Finance|US
Ford reports lower US vehicle sales in October
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
Business|Finance|US
Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks - sources
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
Business|Finance|News|Stock Markets|US
Douglas Elliman, Redfin, other realtors fall after $1.78 billion broker commission verdict
Shares in Douglas Elliman, Redfin, Compass and eXp World Holdings fell on Wednesday after they were sued for allegedly conspiring to
April 26, 2024
Business|Finance|Stock Markets|US
AIG beats Q3 profit estimates on general insurance, life and retirement gains
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
Business|Finance|US
RBC injected about $3 billion this year into US unit to boost capital
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
Business|Finance|Stock Markets|Technology
Garmin raises annual sales forecast, beats quarterly estimates
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
Business|Europe|Finance
Explainer-Why are European telecom firms selling assets?
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
Business|Economy|Finance|Stock Markets
Denbury shareholders approve merger with Exxon Mobil
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
Business|Economy|Finance|US
Automakers oppose Cleveland-Cliffs push to buy U.S. Steel
A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs's proposed acquisition of U.S.
April 26, 2024
Business|Finance|Stock Markets
Assurant Q3 profit surges on growth in global housing unit, investment returns
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
Business|Finance|US
Walmart to upgrade 1,400 stores with $9 billion investment
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
Business|Finance|Stock Markets|US
State Street CEO O'Hanley to take additional role as bank's president
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
Business|Finance|Food
McDonald's gets sales lift from cheaper menu, new launches
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
Business|US
Exxon names new shale oil chief to replace executive facing assault charge
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
Business|News|US|World
Ukraine war orders starting to boost revenues for big US defense contractors
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
Business|Finance|US
Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q
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
Business|Europe|Finance|Stock Markets|Technology
Exclusive-Telecom Italia's grid sale faces challenger plan
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
Business|Finance|Health|US
AbbVie takes $2.1 billion charge on cancer drug ahead of US price negotiation
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
Business|Economy|Europe|US
US business delegation probes post-Brexit opportunities in Northern Ireland
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
Business|Europe|Finance|News
Unilever's new CEO lays out plans to simplify business, shares fall
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
Business|Finance|Sports|Stock Markets|US
UFC owner Endeavor announces review of strategic options
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
Business|Economy|Finance
Mastercard third-quarter profit jumps on robust spending
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
Asia|Business|Economy|Finance|News|Stock Markets|Technology
Hyundai sticks to EV rollout plans, sees solid growth this year
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
Business|Economy|Finance|Stock Markets|US
Hershey beats quarterly sales estimates
Hershey beat Wall Street expectations for quarterly sales on Thursday, riding on benefits from higher prices of its chocolates and candies.
April 26, 2024
Business|News|Technology
GM's Cruise pauses driverless operations across all fleets
General Motor's Cruise has decided to pause driverless operations across its fleets, the company said on Thursday.
April 26, 2024
Business|Crime|US
Factbox-Executives who defended themselves at criminal trials in the U.S
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
Business|Economy|Finance|Stock Markets
Chipotle beats results estimates as demand defies high prices
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
Business|Finance|Technology|US
Boeing struggles to steer defense unit in another year of billion-dollar losses
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
Business|Entertainment
Warner Bros Discovery shuffles consumer products unit as its head departs
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
Business|Economy|Finance
US, European bellwethers best expectations, boost investor confidence
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
Business|Economy|US
US business output ticks up in October; inflation pressures ease
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
Business|Economy|Europe|Finance|US
US business activity ticks up while euro zone gauge fans recession fears
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
Business|Finance|News|Stock Markets|US
General Dynamics quartely revenue rises on buoyant weapons demand
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
Business|Technology
Exclusive-Apple to make tools and parts to fix phones, computers available nationwide - White House
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
Business|Finance|Stock Markets|US
Chevron target Hess beats quarterly profit estimates on production boost
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
Business|Technology
Boeing trims annual 737 delivery target due to supplier errors
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
Business|Economy|Finance|Stock Markets|Technology
Stocks sag as disappointing earnings compound interest-rate headache
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
Business|Entertainment|Technology
Apple hikes price of Apple TV+, Apple News+
Apple Inc is raising the subscription prices of Apple TV+ and Apple News+, according to its website.
April 26, 2024
Asia|Business|Economy|News|World
Amid Foxconn probe, China tells Taiwan firms to play positive role in ties
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
Asia|Business|Finance|Stock Markets
AirAsia parent plans to raise more than $1 billion in debt, equity - FT
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
Asia|Business|Technology
Taiwan frontrunner assails China as Foxconn probe becomes election issue
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
Business|Economy|US
Mood swing: Global producers in US hunt for China alternatives
Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China.
April 26, 2024
Business|Europe|Technology
EV truck maker Tevva 're-engages' with potential merger partners
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
Economy|News|US|World
EU says jury still out on U.S. green subsidy impact
More than a year after the U.S.
April 26, 2024
Business
Dow forecasts downbeat Q4 net sales on low prices, weak demand
By Saikeerthi .
April 26, 2024
Business|Economy|Finance|News|US
US auto strike's economic fallout starts to hurt global businesses
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
Business|Europe|Technology|US
Low-cost EV maker e.GO eyes European, U.S. expansion -CEO
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
Americas|Business|Economy|US
Louis Dreyfus to build Ohio soy crush plant, add to processing boom
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
Business|Finance|Technology
Kioxia has reached out to JIC to invest in merger with Western Digital - Bloomberg News
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
Business|Technology
China vice premier pushes for more Apple investment, cooperation
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
Business
WeWork COO Anthony Yazbeck to step down
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
Business|Economy|Finance|Stock Markets|US
US court upholds Nasdaq board diversity rule
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
Business|Economy|Technology
TSMC Q3 profit falls 24.9%, beats market expectations
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
Business|Finance
Spirit Aero projects near-term revenue boost due to new price agreement with Boeing
Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from the
April 26, 2024
Business|Finance|Technology
OpenAI in talks to sell shares at $86 billion valuation - Bloomberg News
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
Americas|Business|Economy|Technology
Mexico says Tesla factory still coming, vows infrastructure spending
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
Business|Finance|Technology|US
Lordstown Motors ex-CEO approved to buy company assets for $10 million
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
Business|Finance|Stock Markets|Technology
Lam forecasts revenue below estimate as chip industry faces weak demand
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
Business|Economy|US
Factbox-Corporate America weighs risks of the Ozempic effect
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
Business|Finance
Costco taps operation chief Vachris as next CEO
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
Business|Technology|Travel|US
American Airlines orders four Embraer E175s for Envoy Air
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
Business|Economy|Finance|Stock Markets|US
Wall St falls more than 1%; yields rise, investors assess earnings
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
Business|Economy|Finance|US
US business inventories increase in August
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
Business|Food
Starbucks launches smaller cup size in China as competition grows
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
Business|Finance|News|Stock Markets|US
Starboard's Smith pushes for separation of divisions from News Corp
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
Business|Finance|Technology|US
Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'
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
Business|Technology
Microsoft to sign on Amazon as customer in $1 billion cloud tools deal - Insider
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
Business
Everton sale stalls amid questions about buyer's financials - NYT
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
Business|Economy|Finance|US
Bankrupt drugstore chain Rite Aid raises going concern doubts
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
Business|Technology|World
China's commerce minister meets with Apple's Tim Cook in Beijing
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
Business|Economy|Finance|Stock Markets|US
BofA profit beats estimates on higher interest income, investment banking gains
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
Business|Economy|Finance|Stock Markets|US
Bank of America's unrealized losses on securities rose to $131.6 billion
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
Business|Economy|Europe|Finance|News|US
U.S, EU business groups push for steel deal, minerals drive at summit
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
Asia|Business|Economy|Finance|Stock Markets|Technology
Philippines' Cebu Pacific eyes purchase of 100-150 aircraft for up to $12 billion
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
Business|Finance|Sports|Stock Markets
Manchester United tumbles as Ratcliffe's stake bid report dents buyout hopes
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
Business|Finance|Technology|US
KKR offered to take on extra costs, staff to sweeten TIM bid-sources
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
Business|Technology
Honeywell sees steady demand for business jets over the next decade
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
Business|Finance|Stock Markets|US
Nasdaq ends down on higher yields, chipmaker share declines
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
Business|Finance
Executives leave BlackRock, ISS to lead governance at Longacre Square
Two executives who helped make recommendations in some of America's biggest proxy contests and contested mergers left BlackRock and Institutional
April 26, 2024
Business|News|US
Automakers blast US plan to hike fuel efficiency rules
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
Africa|Business|Technology|US
Amazon to launch online shopping service in South Africa in 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
MidEast|News
Qatar's Sheikh Jassim refuses to raise $6 billion Manchester United bid, sources say
Qatar's Sheikh Jassim bin Hamad al Thani has informed the Glazer family that
April 26, 2024
Business|Europe|Finance|Technology|US
Ferrari to accept crypto as payment for its cars in the US
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
Business|Economy|Finance|US
Exclusive-Apollo seeking to join airline SAS investor consortium -source
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
Business|Finance|Technology
Viasat says it will not replace satellite that malfunctioned
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
Business|Technology|US
Tesla fights $230 million fee sought by attorneys who sued over board pay
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
Business|Finance|Technology|US
SPAC returns remaining $533 million raise for Trump social media deal
Digital World Acquisition Corp (DWAC), the blank-check acquisition company that plans to merge with former U.S.
April 26, 2024
Economy|MidEast|News
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
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
Business|Finance|Technology
KKR prepares binding bid for Telecom Italia's grid as deadline looms
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
Business|Finance|MidEast
JPMorgan chief Dimon warns of 'ripple effects' from Middle East violence
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
Business|Finance|Stock Markets|US
Dollar General shares pop on Vasos' return as CEO
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
Business|Finance|Stock Markets|US
Dollar General reappoints former CEO Vasos for second stint, narrows outlook
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
Business|Finance
Citigroup's board to meet in Singapore for the first time since 2011
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
Business|Economy|Finance|News|US
California AG says he may sue to stop Kroger from buying Albertsons
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
News|Technology
Boeing, Spirit expand scope of inspection for 737 MAX quality problem - The Air Current
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
Business|Finance|Stock Markets|US
Birkenstock's stock loses footing in second day on Wall Street
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
Business|Economy|News|US
Biden to meet with Target, IBM and other CEOs
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
Business|Finance|US
Walgreens names Tim Wentworth as its new CEO - WSJ
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
Business|Europe|Technology
US Xerox sells Russian operations to local management
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
News|US
US Senator Warren concerned Exxon's plan to buy Pioneer will raise costs
U.S.
April 26, 2024
Business|Entertainment|Finance
Peltz's Trian up 3% this year even as Disney bet soured
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
Business|Finance|News|Stock Markets|US
Exxon in talks to pay over $250 per share for Pioneer - Bloomberg News
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
Business|Finance
Embraer to meet 2023 delivery outlook, sees similar growth next year -CEO
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
Business|Entertainment|US
Disneyland, Disney World lift some park ticket prices
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
Business|Finance|Stock Markets
Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation
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
Business|Finance|Stock Markets
Birkenstock stumbles in underwhelming US market debut
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
Business|Economy|Finance|Health
Weight-loss drugs fuel boom for firms that fill syringes
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
Business|Economy|News|US
US small business sentiment declines moderately -NFIB
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
Business|Finance|Stock Markets|US
Honeywell to realign business segments to boost growth
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
MidEast|News|World
Factbox-What are global firms with presence in Israel doing after Hamas attack
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
Business|Finance|US
Activist investor Nelson Peltz boosts Disney stake, seeks board seats - WSJ
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
Business|Technology
Tesla signs lease to open vast sales and service centre in Shanghai industrial park
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
Business|Economy|Technology
Tesla's China-made EV sales volume falls 10.9% year-on-year in Sept
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
Business|Celebrity|Entertainment
Hard kombucha brewer JuneShine explores sale -sources
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
Asia|Business|Economy|Finance|Stock Markets
Evergrande's $500 million EV share deal suspended, stock to resume trading
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
Business|Finance|Stock Markets|US
Birkenstock eyes pricing IPO at top of range -sources
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
News|US
Second major US law firm changes diversity fellowship after lawsuit
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
Asia|Business|Economy|Europe|Finance
Puma CEO expects double-digit growth in China this year -report
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
Asia|Australia|Business|Economy|Finance|Stock Markets
Newmont gets all regulatory approvals for $16.7 billion Newcrest deal
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
Australia|Business|Economy|Finance|Stock Markets|Technology
Australia billionaire raises Liontown stake, could block Albemarle's$4.3 billion bid
Australian billionaire Gina Rinehart raised her stake again in lithium producer Liontown Resources, giving her enough leverage to possibly block
April 26, 2024
US
Losses widen, cash needed at chip startup Graphcore, an Nvidia rival -filing
By Max A.
April 26, 2024
Business|Finance|Stock Markets|US
Lamb Weston raises annual outlook, shares up 10%
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
Business|Finance|Stock Markets|US
Wall St ends down slightly; investors await Friday's payrolls
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
Business|Economy|Finance|US
Fed says credit to wind down failed banks drops again in latest week
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
Business|Finance|Stock Markets|US
Exxon 3Q profits to climb from last quarter on higher prices
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
Business|Finance|Technology
Clorox shares touch more than 5-year low on financial hit from cyber attack
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
Business|Technology|US
US passenger railroad Amtrak high-speed Acela program facing new delays
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
Business|Economy|Finance|Stock Markets|US
S&P 500 ends at lowest since June 1 as data fuels rate worries
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
Business|Finance|Technology
Visa launches $100 million venture fund for generative AI startups
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
Business|Finance|Stock Markets|US
Kellanova, WK Kellogg shares slump on first day after spinoff
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
Business|Technology
Exclusive-Boeing sets record 737 production goal for July 2025 -sources
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
Business|Europe|Technology
Dutch regulator rejects Apple’s objections against fines
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
Business|Finance|Stock Markets|US
Boaz Weinstein raises bid for hedge fund Sculptor to $13/share - WSJ
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
Business|Europe|Finance
Ripe for change? Activist investors eye food, consumer goods firms
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
Business
PGA Tour in deal talks with Endeavor, Fenway Sports - source
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
Business|Finance|Stock Markets|US
GE must face shareholder lawsuit over accounting, disclosures; judge urges settlement
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
Business|Finance|Technology
EV startup Fisker raises $150 million from existing investor
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
Business|Economy|Finance|Stock Markets
Canada's RBC injects capital into City National to bolster US subsidiary's liquidity
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
Business|Finance|Technology
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
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
Business|Food
Chipotle reverses protein policy, says workers can choose chicken once again
Chipotle says its employees can choose chicken again
April 25, 2024
Business|Economy|Finance
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
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
Business|Economy|Finance|Lifestyle|Opinion
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
There are better ways to keep employees on board, such as boosting pay and providing better benefits.
April 25, 2024
Environment|News
Tough new EPA rules would force coal-fired power plants to capture emissions or shut down
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
Asia|Business|Economy|Technology
Electric cars and digital connectivity dominate at Beijing auto show
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
Business|Finance|News|Stock Markets|US
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
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
Business|Economy|Health|Technology|US
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
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
Business|Economy|Finance
Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis
Boeing is reporting a $355 million loss for the first quarter
April 24, 2024
Asia|Business|Finance
Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in Tokyo
Asian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index
April 24, 2024
Business|Finance|Stock Markets
Hong Kong bourse operator's Q1 profit drops on weaker listings, trading
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
Asia|Business|Economy|Finance
Japan's corporate service inflation perks up in March
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
Business|Economy|Finance|Stock Markets|US
Baker Hughes beats profit estimates on international demand, raises dividend
Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend.
April 23, 2024
Business|Economy|Finance|US
New federal rule would bar companies from forcing 'noncompete' agreements on employees
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
Asia|Business|Finance
JPMorgan China names new heads of China securities unit
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
Asia|Business|Economy|Finance|News|Stock Markets|US
Stock market today: Asian stocks track Wall Street gains ahead of earnings reports
Asian benchmarks are mostly higher after U.S. stocks clawed back some of their losses from last week
April 23, 2024
Business|Economy|News|US
Starbucks takes on the federal labor agency before the US Supreme Court
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
Business|Technology|US
Trump called this visa 'very bad' for Americans. Truth Social applied for one
The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict
April 23, 2024
Asia|Business|Economy|News|US
Tensions between Beijing and Washington are the biggest worry for US companies in China, report says
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
Business|Finance|News|US
Federal Trade Commission sues to block Tapestry's $8.5B acquisition of Capri
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd
April 22, 2024
Business|Economy|Fashion and Beauty|US
Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores
April 22, 2024
Business|Finance|Stock Markets
AIG's general insurance unit chair David McElroy to retire from May 1
AIG said on Monday that David McElroy, the chairman of its general insurance unit, will retire effective May 1.
April 22, 2024
Asia|Business|Economy|Technology
Malaysia plans Southeast Asia's largest integrated circuit design park
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
Business|Entertainment|Finance|Technology
Netflix now has nearly 270 million subscribers after another strong showing to begin 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
Business|Economy|Finance
Missouri lawmakers back big expansion of low-interest loans amid growing demand for state aid
Persistently high interest rates have led Missouri lawmakers to significantly expand a state loan program for farmers and small businesses
April 18, 2024
Business|Economy|Finance|Stock Markets|Technology
Tesla shares tumble below $150 per share, giving up all gains made over the past year
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
Asia|Business|Finance|Stock Markets|Technology
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Asian shares have advanced even after sinking technology stocks sent Wall Street lower again
April 18, 2024
Business|Economy|US
Who owns businesses in California? A lawmaker wants the public to know
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
Business|Economy
Regulators pleased Union Pacific is using fewer temporary shipping limits
Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained
April 17, 2024
Asia|Business|Technology
Apple CEO says company is 'looking at' manufacturing in Indonesia
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
Arts|Business|Entertainment
Participant, studio behind 'Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years
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
Business|Economy|Finance
Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging
Chunky bootmaker Dr. Martens is warning of a tough year ahead
April 16, 2024
Business|Economy|Finance
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
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
Asia|Business|Technology
Apple CEO says that he wants to increase investments in Vietnam
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
Business|Economy|Health|News|US
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
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
Business|Finance|Technology
Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
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
Business|Food|Lifestyle
Momofuku backs down from defending its 'chile crunch' trademark after outcry by small businesses
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
Business|Economy|Finance|US
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
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
Business|News|Technology
Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
Amazon is adding artificial intelligence visionary Andrew Ng (EE-ng) to its board of directors
April 11, 2024
Business|Economy|Lifestyle|News|US
Woodford Reserve tried to undermine unionization effort at its Kentucky distillery, judge rules
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
Business|Finance|Stock Markets
Macy's names 2 independent directors as part of agreement with activist investor
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
Business|Economy|Europe|Finance
Germany's last department store chain is to get new owners after its latest insolvency
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
Business|Economy|Europe
European companies cut jobs as economy sputters
Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.
April 10, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Stock market today: Asian shares mostly rise as investors look to earnings and inflation signs
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
Business|Celebrity|Entertainment|Finance
Hits for sale: Notable artists who have had their music catalogs sell for big money
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
Science|Technology
Tech companies want to build artificial general intelligence. But who decides when AGI is attained?
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
Business|Entertainment|Finance|Stock Markets
Disney shareholders back CEO Iger, rebuff activist shareholders who wanted to shake up the company
Disney shareholders have rallied behind longtime CEO Robert Iger
April 03, 2024
Business|Finance|Stock Markets|Technology|US
Trump sues two Trump Media co-founders, seeking to void their stock in the company
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
Business|Finance|Stock Markets|US
GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate
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
Business|Economy|Finance|US
IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program
The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit
April 02, 2024
Business|News|Technology|US
United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes
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
Business|News|Technology|US
US FAA certifies Gulfstream G700 business jet
The Federal Aviation Administration (FAA) on Friday said it certified General Dynamics Corp's Gulfstream flagship G700 business aircraft,
March 29, 2024
Business|Finance|Technology
Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
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
Business|Economy|Finance
Home Depot buying supplier to professional contractors in a deal valued at about $18.25B
Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion
March 28, 2024
Asia|Business|Technology
China's latest EV is a 'connected' car from smart appliance maker Xiaomi
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
Celebrity|Election|Opinion|Political|US
Trump is selling 'God Bless the USA' Bibles for $59.99 as he faces mounting legal bills
Former President Donald Trump is hawking Bibles as he runs to return to the White House
March 26, 2024
Business|Food
Do you want fries with that? Krispy Kreme doughnuts are coming to McDonald's
Krispy Kreme and McDonald’s are getting together over breakfast
March 26, 2024
Business|Economy|Finance|News|US
US consumer confidence holds steady even as high prices weigh on household budgets
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
Business|Economy|Finance|Stock Markets|Technology|US
Trump's social media company starts trading on Nasdaq with a market value of almost $6.8 billion
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
Business|Economy|Europe|News
German train drivers' union and railway operator reach a deal in their long dispute
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
Celebrity|Entertainment|Lifestyle
Linda Bean, an entrepreneur, GOP activist and granddaughter of outdoor retailer LL Bean, has died
Linda L
March 24, 2024
Asia|Business|Finance
Stock market today: Asian shares are mixed after another Wall Street record day
Stocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers
March 22, 2024
Business|News|Technology|US
Apple has kept an illegal monopoly over smartphones in US, Justice Department says in antitrust suit
The Justice Department has announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation
March 21, 2024
Business|Food|Sports
Big Mac attack: McDonald’s to become the Grand Fromage in French football
McDonald’s will become the title sponsor of the French soccer league from July for the next three seasons
March 21, 2024
Finance|Technology
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false
March 20, 2024
Business|Economy|Finance|Stock Markets|US
Chipotle's board has approved a 50-for-1 stock split. Here's what that means
In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split
March 20, 2024
Business|News|Technology
Microsoft hires influential AI figure Mustafa Suleyman to head up consumer AI business
Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure to cement its position at the forefront of the booming AI industry
March 20, 2024
Asia|Business|Economy|Europe
Doing business in China is growing tougher, more uncertain, European business group says
A report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China
March 20, 2024
Business|News|Technology|US
Gannett news chain says it will stop using AP content for first time in a century
The media company Gannett, publishers of USA Today and more than 200 newspapers across the U.S., says it will stop using stories, video and images from The Associated Press later this month
March 19, 2024
Business|Finance|Stock Markets|Technology
MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
Shares in MicroStrategy were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise
March 19, 2024
Business|Finance|News|Stock Markets
Unilever is cutting 7,500 jobs and spinning off its ice cream business
Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits
March 19, 2024
Business|Finance|News|US
Trump's lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
Donald Trump’s lawyers told a New York appellate court on Monday that it’s impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals
March 18, 2024
Business|Europe|Technology
Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion
British cellphone company Vodafone has confirmed that it's selling its Italian business to Switzerland’s Swisscom for about $8.7 billion
March 15, 2024
Business|Technology|US
Gerald Levin, the former Time Warner CEO who engineered a disastrous mega-merger, is dead at 84
Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84
March 15, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian shares trade mixed as investors look to central banks
Asian shares are mixed in lackluster trading
March 14, 2024
Business|Fashion and Beauty|News|US
Yeezy shoe sales lead Adidas to $150 million in donations to anti-hate groups
Adidas says it’s donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year
March 13, 2024
Business|Economy|News|US
Federal judge in Texas blocks US labor board rule that would make it easier for workers to unionize
A federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies
March 10, 2024
Business|News|Technology
OpenAI has 'full confidence' in CEO Sam Altman after investigation, reinstates him to board
OpenAI said it is reinstating CEO Sam Altman to its board of directors and has “full confidence” in his leadership after a law firm concluded an investigation into the turmoil that led the company to abruptly fire and rehire him in November
March 08, 2024
Business|Economy|News|Opinion|US
Biden calls out 'shrinkflation' as part of a broader strategy to reframe how voters view the economy
President Joe Biden is all-in on calling out “shrinkflation.”
March 08, 2024
Health|News|Science
Maker of much-debated ALS drug says it may stop selling it after study showed it didn't work
The maker of a much-debated drug for Lou Gehrig's disease said it failed to help patients with the fatal disease
March 08, 2024
Business|Economy|Environment|Technology
Automaker Rivian pauses construction of its $5 billion electric truck plant in Georgia
Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia
March 07, 2024
Business|Economy|News|US
A federal judge has ordered a US minority business agency to serve all races
A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them
March 06, 2024
Europe|Technology
Europe's Digital Markets Act is forcing tech giants to make changes. Here's what that will look like
Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used
March 06, 2024
Business|Economy|News
Teamsters vote to ratify a 5-year labor agreement with Anheuser-Busch, avoiding strike
Teamsters working for Budweiser brewer Anheuser-Busch have voted to ratify a labor agreement with the company
March 06, 2024
Business|Economy|Finance|News|World
China's plans for 2024 prioritize technology, offer scant comfort for businesses and investors
China's blueprint for its economy in 2024 is replete with goals and promises, but it's also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for
March 05, 2024
Business|Economy|Europe|News|Technology
Apple fined nearly $2 billion by the European Union over music streaming competition
The European Union has fined Apple nearly $2 billion for breaking competition laws by unfairly favoring its own music streaming service over rivals
March 04, 2024
Business|Economy|News|Opinion
Black women struggle to find their way in a job world where diversity is under attack
With attacks on diversity, equity and inclusion initiatives raging, Black women looking to climb the corporate ladder face a more hostile landscape than ever
March 04, 2024
Business|Economy|Lifestyle|News|Opinion|Sports|US|World
Two fragile DC neighborhoods hang in the balance as the Wizards and Capitals consider leaving town
The proposed move of the Capitals and Wizards sports teams to nearby Virginia has stoked concern in a pair of fragile Washington neighborhoods
March 04, 2024
Business|Finance|Stock Markets|Technology|US
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided are asking the presiding judge to award company stock worth $5.6 billion as legal fees
March 02, 2024
Asia|Business|Economy|News|World
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Chinese Vice President Han Zheng has pledged to provide more opportunities for foreign companies in China as the government tries to restore confidence in the world’s second largest economy
March 01, 2024
Business|Finance|US
New York Community Bancorp plunges on abrupt departure of CEO and emerging internal controls issues
Shares of New York Community Bancorp are tumbling before the opening bell after the departure of the longtime CEO of the bank, which says it’s delaying filing its annual report as it deals with issues with its internal controls
March 01, 2024
Asia|Business|Economy|News
China's manufacturing activity contracts for 5th straight month despite policy support
Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers
March 01, 2024
Business|Celebrity|Entertainment
Winfrey leaving WeightWatchers board, donating all of her interest in the company to a museum
Former talk show host Oprah Winfrey is leaving WeightWatchers board of directors and donating all of her interest in the company to a museum
February 29, 2024
Business|Lifestyle|Sports
MIT Sloan Sports Analytics Conference continues to make strides in data acceptance
Jessica Gelman has become an influential leader and innovator in the sports industry
February 29, 2024
Business|Finance
Beer maker Anheuser-Busch InBev reports better-than-expected Q4 earnings despite Bud Light backlash
Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand for Bud Light
February 29, 2024
Asia|Business|Finance|Stock Markets|Technology
Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher
Shares are mixed in Asia after a lackluster day on Wall Street, where selling of technology stocks pulled benchmarks lower
February 29, 2024
Business|Finance|News
Disney-Reliance India media merger approved: Who are their top rivals?
The $8.5 billion merger of Reliance and Walt Disney India media assets has been approved by India's antitrust body, clearing the way for a deal that will create India's largest
February 28, 2024
Business|Economy|Finance
Burger chain Wendy's looking to test surge pricing at restaurants as early as next year
Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers
February 27, 2024
Business|Celebrity|Entertainment|Fashion and Beauty
Adidas sells another batch of Yeezy sneakers left over from breakup with Ye
Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West
February 26, 2024
Business|Finance|News|Stock Markets|US
Berkshire shares gain as 'built to last' conglomerate posts record profit
Berkshire Hathaway class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett
February 26, 2024
Asia|Finance|Stock Markets
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
Asian shares are mostly lower, although the Tokyo stock markets reached another record high
February 26, 2024
Business|Celebrity|Economy|Finance
A collection of the insights Warren Buffett offered in his annual letter Saturday
Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing
February 24, 2024
Business|Finance|US
Berkshire paid $2.6 billion for Haslam family's remaining 20% Pilot stake
Berkshire Hathaway, the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop
February 24, 2024
Business|Finance|Stock Markets
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often
February 24, 2024
Business|Finance|Stock Markets
Buffett's Berkshire posts record profit, quarterly results also rise
Warren Buffett's Berkshire Hathaway Inc on Saturday posted its second straight record annual profit, bolstered by gains from its common stock investments and as rising interest rates
February 24, 2024
Business|Finance|Stock Markets|Technology
A look at Nvidia climb to prominence in the AI world, by the numbers
Nvidia’s stock price jumped 16% on Thursday, increasing the company's market value by a staggering $273 billion in just one day, a record amount
February 22, 2024
Business|Finance|Technology
CEOs of OpenAI and Intel cite artificial intelligence's voracious appetite for processing power
Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth
February 22, 2024
Business|News|Travel
United Airlines says after a 'detailed safety analysis' it will restart flights to Israel in March
United Airlines is gearing up to resume flights to Israel early next month
February 21, 2024
Business|Technology|US
Boeing ousts head of 737 jetliner program, appoints new vice president of quality
Boeing says the head of its 737 jetliner program is leaving the company immediately, paving the way for the aircraft maker to appoint new leadership at the troubled division
February 21, 2024
Economy|Europe|News
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
The German government says Europe’s largest economy is in “troubled waters.”
February 21, 2024
Business|Finance|Stock Markets
Investment firm Arkhouse nominates slate of directors for Macy's board as takeover talks stall
Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management
February 20, 2024
Business|Economy|Finance|Technology|US
Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont
The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont
February 19, 2024
Business|News|Travel
Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
The number of passengers flying through Dubai International Airport surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation
February 19, 2024
Crime|News|US
Here's a look inside Donald Trump's $355 million civil fraud verdict as an appeals fight looms
On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”
February 17, 2024
Business|US
Trump avoids 'corporate death penalty,' but his business will still get slammed
A New York judge has spared Donald Trump a “corporate death penalty” ruling, but the business did get hit hard with bans and cash penalties
February 17, 2024
Business|Finance|News|US
A $355 million penalty and business ban: Takeaways from Trump's New York civil fraud verdict
Donald Trump suffered a big blow Friday as a New York judge ordered the former president and his companies to pay $355 million in penalties for what the judge described as a scheme to deceive banks and insurers by exaggerating his wealth on his annual financial statements
February 16, 2024
Business|Economy|News|US
Cleveland-Cliffs to shutter West Virginia tin plant and lay off 900 after tariff ruling
Cleveland-Cliffs is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers
February 15, 2024
Business|Europe|Technology
Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger
Airbus says it plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker
February 15, 2024
Business|Economy|News|World
Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
Japan has slipped to the world’s fourth-largest economy as government data showed it fell behind the size of Germany’s in 2023
February 15, 2024
Business|Economy|Finance|Technology
Airbnb posts a $349 million fourth-quarter loss after settling tax dispute with Italy
Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy
February 13, 2024
Business|Finance|Stock Markets|US
JetBlue shares rise before market open as activist investor Carl Icahn takes a stake in the airline
Shares of JetBlue are rising more than 15% before the market open on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline
February 13, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Stock market today: Asian shares are mostly higher ahead of US inflation report
Asian shares have gained in morning trading, as investors awaited an update on U.S. consumer inflation that might help set the Federal Reserve's policy on interest rates
February 13, 2024
Business|Economy|Finance|US
US energy sector deals accelerate in quest for reserves
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash
February 12, 2024
Business|Finance|Stock Markets|US
Diamondback Energy to buy Endeavor in $26 billion deal to create a Permian drilling giant
Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States
February 12, 2024
Business|Finance|Stock Markets|Technology|US
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
Jeff Bezos has filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion
February 11, 2024
Business|Finance|Stock Markets|Technology|US
Chinese technology company lashes back at US claims it has ties to military
A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military
February 09, 2024
Asia|Business|Finance|Stock Markets|World
Stock market today: Tokyo hits 30-year high, with many Asian markets shut for Lunar New Year holiday
Asian shares are mostly higher as Tokyo's benchmark momentarily touched a 34-year high, while many regional markets were closed for the Lunar New Year holiday
February 09, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian shares are mostly higher as S&P 500 nears the 5,000 level for the 1st time
Share are mostly higher in Asia after the S&P 500 neared the 5,000 level for the first time
February 08, 2024
Business|Economy|Entertainment|Finance
Disney posts solid 1Q results thanks to its theme parks and cost cuts
Disney has reported stronger-than-expected earnings in the final three months of 2023
February 07, 2024
Asia|Business|Finance|Stock Markets|Technology
Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023
February 07, 2024
Asia|Finance|Stock Markets
Stock market today: Asian shares are mostly higher, tracking gains on Wall Street
Asian shares are mostly higher, tracking gains on Wall Street
February 07, 2024
Business|Economy|Finance|News
Ford posts $523 million 4Q net loss on accounting charge for pensions but beats analyst estimates
Ford says it swung to a net loss in the fourth quarter
February 06, 2024
Business|Finance|Technology
Adam Neumann, ousted founder of WeWork, wants to buy back the office sharing company
Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process
February 06, 2024
Business|News|Technology
Why Elon Musk’s ‘self-driving’ of Tesla’s board and its decision to pay him $56B collided with the law – and what happens next
Musk can’t dodge this ruling by moving Tesla’s incorporation to Texas.
February 05, 2024
Business|Finance|Technology
Tech company Yandex is selling Russian operations for $5 billion. It's a big discount
The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil
February 05, 2024
Business|Food
McDonald's has bumpy end to a strong year after Middle East boycotts hurt sales
A banner year came to a bumpy end for McDonald’s, which lost sales in many markets due to the war in Gaza
February 05, 2024
Arts|Entertainment|Sports
The Chiefs Industry: Kansas City's sustained success has boosted small business bottom lines
Anthony Oropeza was trying to build a side business around his artwork when he started doing acrylic and mixed-media pieces centered on the Kansas City Chiefs
February 04, 2024
Business|Economy|News|Science|Technology
Vibrations in cooling system mean new Georgia nuclear reactor will again be delayed
Georgia Power Co. says vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power
February 02, 2024
Business|Health|US
OxyContin marketer agrees to pay $350M rather than face lawsuits
A company that helped develop marketing campaigns for OxyContin and other opioids has agreed to a $350 million settlement with U.S. states over the toll of the powerful prescription painkillers
February 01, 2024
Business|Economy|Finance
Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business
Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion dollars reportedly over its exposure to bankrupt Austrian asset manager Signa
February 01, 2024
Business|Finance|Technology|US
A court rejected Elon Musk's $55.8B pay package. What is he worth to Tesla?
A Delaware judge has invalidated Elon Musk's $55.8 billion Tesla pay package, saying it is too big and that Musk basically set the terms with a compliant board
January 31, 2024
Business|Economy|US
Walmart to build or convert 150-plus stores in next 5 years. It hasn't opened new stores in 3 years
Walmart plans to build or convert more than 150 U.S. stores in the next five years, while continuing to remodel existing stores
January 31, 2024
Business|Economy|Finance|Stock Markets|Technology
Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight
Boeing says it lost $30 million in the fourth quarter, and revenue was stronger than expected
January 31, 2024
Asia|News|World
Billionaire Sultan Ibrahim sworn in as Malaysia's 17th king under rotating monarchy system
The billionaire sultan who rules Malaysia's Johor state has been sworn in as the nation's new king under a unique rotating monarchy system
January 31, 2024
Business|Finance|News|Sports|US
David Rubenstein has a deal to buy the Baltimore Orioles for $1.725 billion, AP source says
A person with knowledge of the deal says Carlyle Group Inc. co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles for $1.725 billion
January 31, 2024
Business|Economy|News|World
Saudi Arabia's oil giant Aramco says it will not increase maximum daily production on state orders
Saudi Arabia’s oil giant Saudi Aramco says it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country’s Energy Ministry
January 30, 2024
Business|Economy|Finance|US
Walmart's latest perk for U.S. store managers? Stock grants
Walmart is further sweetening the perks for its U.S. store managers as the nation’s largest retailer and private employer seeks to retain and attract top workers in a still competitive job market
January 29, 2024
Business|Finance|Technology|US
Microsoft lays off 1,900 employees in its gaming division following Activision Blizzard buyout
Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video game maker Activision Blizzard
January 25, 2024
Business|Crime|Food|US
In-N-Out to close Oakland, California restaurant due to wave of car break-ins, armed robberies
In-N-Out Burger will close its only restaurant in Oakland, California because of a wave of car break-ins, property damage, theft and armed robberies targeting customers and employees alike
January 25, 2024
Business|Economy|US
Japan's Nippon Steel exec meets US Congress members amid US Steel deal
Japan's Nippon Steel Executive Vice President Takahiro Mori has met U.S. Congress members to discuss acquisition of U.S.
January 24, 2024
Technology|Travel|US
Las Vegas-to-California high-speed electric rail project gets OK for $2.5B more in bonds
A proposed high-speed passenger train between Las Vegas and Southern California has gotten another boost
January 23, 2024
Business|Economy|Finance|US
US oil and gas dealmaking reaches fever-pitch in 2023, Enverus says
Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, according to data from
January 23, 2024
Business|Finance
RTX's fourth-quarter revenue jumps on aftermarket strength, defense demand
Aerospace and defense giant RTX reported a 10% surge in fourth-quarter revenue on Tuesday, driven by demand for its aftermarket services, commercial engines and military equipment.
January 23, 2024
Business|Entertainment|US
DOJ seeks additional info from Six Flags, Cedar Fair on $8 billion merger
Amusement park operators Six Flags Entertainment and Cedar Fair said they have received a request for additional information and documents from the U.S.
January 23, 2024
Business|News|Technology
Fisker expects to deliver unsold 2023 vehicles in first quarter, gains dealer traction
Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner model has gained
January 23, 2024
Business|News|Technology
United CEO says airline building fleet plan without Boeing's 737 MAX 10 jets
United Airlines CEO Scott Kirby said in a CNBC interview on Tuesday the company was going to build a fleet plan that does not include Boeing's 737 MAX 10 jets, citing delivery delays.
January 23, 2024
Asia|Business|Economy
Corning's Indian JV signs $120 million investment deal with Tamil Nadu state
India's Tamil Nadu state said on Tuesday that a joint venture of Corning agreed to invest 10 billion rupees ($120.4 million), underscoring the growing importance of the south Asian
January 23, 2024
Asia|Business|Economy|Finance
Stock market today: Asian shares mixed as Japan reports that its exports jumped in December
Asian shares are mixed after Japan reported its exports jumped nearly 10% in December over a year earlier
January 23, 2024
Business|Finance|Health|News|Stock Markets
France's Sanofi to buy U.S. drugs project INBRX-101 for about $2.2 billion
French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion, the companies said on Tuesday.
January 23, 2024
Business|Economy|US
China's 'lackluster recovery' not having strong effect on US economy - Brainard
China's lackluster economic recovery has not had a particularly strong effect on the U.S. economy given diversification of supply chains over the past years, White House
January 22, 2024
News|US
'Outrageous' CEO pay targeted in new bill from Bernie Sanders, US Democrats
U.S.
January 22, 2024
Business|Economy|Finance
Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management
Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan
January 22, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian stocks gain after Wall St's latest record. Bank of Japan keeps policy lax
Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact
January 22, 2024
Business|Economy|Finance
Top global hedge funds tripled gains for clients in 2023, LCH finds
The world's 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with
January 22, 2024
Business|Economy|Finance
CEOs leave Davos to game out 2024 geopolitical scenarios
Business leaders in Davos say they are increasingly turning to scenario planning to safeguard supply chains and lessen the potential
January 19, 2024
Business|Food|News
Wendy's names PepsiCo executive as the burger chain's new CEO
Wendy’s Co. has named a longtime PepsiCo executive as its new CEO
January 18, 2024
Business|Economy|Finance|Technology
India’s newest airline orders 150 Boeing Max aircraft, in good news for plane maker
India’s newest airline says it will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month
January 18, 2024
Business|News
CNN's new chief says the network needs to recapture the "swagger and innovation" of its youth
CNN's new chief executive, Mark Thompson, said in a strategy memo to his staff that the organization needs to recapture the “swagger and innovation” of its youth
January 17, 2024
Business|Economy|Finance
We could see the world's 1st trillionaire in the next decade. Here are some of today's richest 1%
The world might see its first trillionaire sooner than you think
January 17, 2024
Business|Election|US
Businessman Bernie Moreno, Trump's Senate pick in Ohio, faced discrimination lawsuits, the AP finds
An Associated Press review has found businessman and Trump-backed Ohio U.S. Senate candidate Bernie Moreno faced lawsuits alleging discrimination against employees before he sold his high-end Cleveland car dealership
January 17, 2024
Business|Finance|Sports
Amazon will invest in Diamond Sports as part of a bankruptcy restructuring agreement
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy
January 17, 2024
Business|Finance
Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first
Shell has reached an agreement with a consortium of companies to sell its onshore business in Nigeria's Niger Delta in a deal worth $2.4 billion
January 16, 2024
Business|Economy
More CEOs fear their companies won't survive 10 years as AI and climate challenges grow, survey says
More executives are feeling better about the global economy
January 15, 2024
Africa|Business|Economy|Technology
Africa’s biggest oil refinery begins production in Nigeria with the aim of reducing need for imports
Africa’s biggest oil refinery has begun production in Nigeria after a yearslong wait
January 15, 2024
Business|Finance|Stock Markets|US
Chesapeake Energy, Southwestern Energy combining in $7.4 billion deal
Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S. The announcement is just the latest tieup in the energy sector, following a nearly $60 billion deal between Exxon Mobil and Pioneer Natural Resources and a $53 billion deal between Chevron and Hess
January 11, 2024
Business|Europe|Sports
Report: Pelley to leave European tour for Maple Leaf Sports group
The Sports Network in Canada is reporting Keith Pelley is leaving the European tour as CEO
January 11, 2024
Business|News
Los Angeles Times executive editor steps down after fraught tenure
The executive editor of the Los Angeles Times is stepping down after a 2 1/2-year tenure at the newspaper
January 09, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian shares retreat after a lackluster day on Wall St, but Tokyo jumps 2%
Asian shares have retreated after a lackluster session on Wall Street, though Tokyo broke ranks, gaining more than 2% after the government said it would double its disaster reserves by nearly $7 billion
January 09, 2024
Business|Economy|News|US
New rule tightens worker classification standards; Uber, Lyft say their drivers won't be affected
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the U.S. workforce
January 09, 2024
Business|News|Technology
CES 2024 is upon us. Here's what to expect from this year's annual show of all-things tech
CES, the Consumer Technology Association’s annual show of all-things tech, is kicking off in Las Vegas this week
January 08, 2024
Business|Finance
Clock ticking for Haslam family to sell stake in Pilot truck stops to Berkshire Hathaway this year
The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company
January 08, 2024
Business|Economy|Finance
Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners
January 08, 2024
Business|Economy|Finance|Stock Markets
Drugstore chain Walgreens cuts quarterly dividend to get more cash to grow its business
Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet
January 04, 2024
Business|Entertainment|Finance|Stock Markets|US
Disney inks agreement with ValueAct, secures its support for company's board nominees
Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz
January 03, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian shares slip, echoing Wall Street's weak start to 2024
Asian stocks are lower, tracking a weak start to 2024 on Wall Street as Japan's markets reopened
January 03, 2024
Business|Finance|US
Proposed merger of New Mexico, Connecticut energy companies scuttled; deal valued at more than $4.3B
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled
January 02, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian stocks mixed in muted holiday trading as 2023 draws to a close
Asian shares are mixed in muted trading on the last trading day of the year
December 28, 2023
Asia|Business|Economy|News
US companies are picky about investing in China. The exceptions? Burgers and lattes
It was a tumultuous 2023 for the Chinese economy
December 28, 2023
Asia|Business|Entertainment|Technology
China approves 105 online games after draft curbs trigger massive losses
China's authority in charge of press and publications has approved 105 online games, saying it fully supports the industry after newly proposed curbs caused massive losses for major game companies
December 25, 2023
Business|Europe|Technology
China's BYD to build its first European electric vehicle factory in Hungary
One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said on Friday
December 22, 2023
Business|Technology|US
Apple loses latest bid to avert patent dispute that has halted online U.S. sales of 2 watch models
Apple on Thursday stopped online sales of two popular models of its internet-connected watch in the U.S. after losing its latest attempt to untangle a patent dispute that’s blocking it from using some of the technology on the device
December 21, 2023
Business|Technology
Electric scooter Bird Global steers into bankruptcy protection in bid to repair its finances
Electric scooter company Bird Global announced Wednesday that it has filed for bankruptcy protection in an attempt to stabilize its wobbly finances
December 21, 2023
Entertainment|Sports
Local broadcasts for 11 NHL teams will remain on Bally Sports after agreement
The NHL and Diamond Sports Group, the largest owner of regional sports networks, have reached an agreement that will keep local broadcasts for 11 teams on Bally Sports through the end of this season
December 21, 2023
Asia|Business|Economy|Finance|News|Stock Markets|Technology
China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters
China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo
December 20, 2023
Business|Europe|Finance
German railway operator Deutsche Bahn launches effort to sell logistics unit Schenker
Germany’s main national railway operator Deutsche Bahn has launched an effort to sell logistics unit DB Schenker as the company seeks to concentrate on its core business at home
December 19, 2023
Business|Economy|Europe|News
Germany's economy seen shrinking again in the current quarter as business confidence declines
Germany's central bank says the country's economy is likely to shrink again slightly in the current fourth quarter
December 18, 2023
Asia|Business|Economy|Finance|Stock Markets|World
Stock market today: Asian shares are mixed. Japan's central bank keeps its monetary policy unchanged
Asian shares are mixed after a seven-week winning streak on Wall Street cooled
December 18, 2023
Business|Europe|Finance|Technology
Amazon won't have to pay hundreds of millions in back taxes after winning EU case
Amazon won’t have to pay about $273 million in back taxes after European Union judges ruled in favor of the U.S. e-commerce giant
December 14, 2023
Business|Finance|News
BP denies ex-CEO Looney a $41 million payout, saying he misled the firm over work relationships
BP says its former chief executive has been denied a payout of 32.4 million pounds, or $41 million, after he was found to have misled the company over his past relationships with colleagues
December 13, 2023
Business|Travel
Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada
A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip
December 13, 2023
Asia|Economy|News
Chinese leaders consider next steps for economy as debt and deflation cloud outlook for coming year
State media say Chinese leaders have wrapped up a two-day annual meeting to set economic priorities for the coming year
December 12, 2023
Business|Economy|Finance
SmileDirectClub shuts down months after filing for Chapter 11 bankruptcy protection
SmileDirectClub is shutting down — just months after the struggling teeth-straightening company filed for bankruptcy protection
December 11, 2023
Business|News|US
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
A former U.S. Navy SEAL who says he shot Osama bin Laden is at the center of a much different fight over plans to open a military-themed brewery in Norfolk, Virginia
December 10, 2023
Business|Food|News|US
In a reversal, Starbucks proposes restarting union talks and reaching contract agreements in 2024
Starbucks says it’s committed to bargaining with its unionized workers and reaching labor agreements next year
December 08, 2023
Business|Economy|News|US
Unionized DHL Express workers strike at critical Cincinnati air cargo hub
More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport (CVG), a critical logistics hub for the package delivery company, during the busiest time of the year
December 08, 2023
Business|News
Levi's CEO Chip Bergh to step down in January, handing over leadership to former CEO of Kohl's
Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor
December 07, 2023
Business|Economy|Finance|Stock Markets|Technology
Uber set to join the S&P 500 index in latest sign of a turnaround for the ride-hailing service
Uber's stock is set to join the S&P 500 index later this month
December 04, 2023
Business|Crime|Lifestyle|Technology
Vacuum tycoon Dyson loses a libel case against a UK newspaper for a column on his support of Brexit
Billionaire vacuum cleaner tycoon James Dyson has lost a libel lawsuit against the Daily Mirror
December 01, 2023
Celebrity|Entertainment
Judge extends pause on John Oates' sale of stake in business with Daryl Hall as arbitration proceeds
A judge has sided with Daryl Hall in his request to keep temporarily blocking John Oates from selling his potentially lucrative share of the Hall & Oates duo’s joint venture without his longtime partner’s permission
November 30, 2023
Business|Finance|Technology
Blackstone acquires pet care app Rover in $2.3 billion all-cash deal
Private equity giant Blackstone will acquire the pet care app Rover in an all-cash deal valued at $2.3 billion, the companies announced Wednesday
November 29, 2023
Asia|Business|Technology
Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue
SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue
November 28, 2023
Business|Celebrity|Entertainment|News
Daryl Hall is suing John Oates over plan to sell stake in joint venture. A judge has paused the sale
Daryl Hall has sued his longtime music partner John Oates, arguing that his plan to sell off his share of a joint venture would violate a business agreement the duo had
November 24, 2023
Business|Crime|News|Technology
Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
Clorox's chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo.
November 15, 2023
Business|Environment|Europe
Siemens Gamesa scraps plans to build blades for offshore wind turbines on Virginia's coast
A European company has cancelled plans to build blades for offshore wind turbines in coastal Virginia
November 10, 2023
Business|Finance|Stock Markets
Drinks giant Diageo sees share price slide after warning about sales in Caribbean and Latin America
Spirits and beer giant Diageo saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits
November 10, 2023
Arts|Business|Entertainment|Lifestyle|News|Technology
Jezebel, an incisive feminist voice since the height of the blogosphere era, is shutting down
Jezebel, the sharp-edged feminist website founded at the height of blogosphere era, is shutting down after 16 years
November 09, 2023
Business|Economy|Europe|Finance|News|Technology
Apple hits setback in dispute with European Union over tax case
Apple might end up on the hook after all for billions of euros in back taxes to Ireland in the latest twist in a longrunning European Union dispute
November 09, 2023
Business|Europe|Finance
JPMorgan, Bpifrance to invest $60M in French female-led funds
JPMorgan on Wednesday said it is teaming up with Bpifrance to invest around $60 million in private investment firms led by women in France, where the bank has its
November 08, 2023
Business|Entertainment|Finance|Technology
Japan's Nintendo profits jump as its game sales get a boost from the hit Super Mario movie
Nintendo is reporting an 18% rise in its net profit for the first fiscal half, as sales were boosted by its hit Super Mario movie
November 07, 2023
Business|Economy|Entertainment|Finance|US
Walt Disney Co. names PepsiCo's Hugh Johnston as chief financial officer
The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer
November 06, 2023
Business|News|US
Washington Post names veteran media executive Will Lewis as its new publisher and CEO
The Washington Post has named veteran media executive Will Lewis to serve as its new CEO and publisher
November 05, 2023
Business|News|Technology
New vehicles from Detroit's automakers are planned in contracts that ended UAW strikes
Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles
November 04, 2023
Business|Lifestyle
Amazon closing two clothing stores in another failed bid into physical retail
Amazon is saying goodbye to its clothing stores
November 02, 2023
Business|Technology
Apple's sales fall for the fourth straight quarter despite a strong start for latest iPhones
Apple’s sales remained on a downward slope during the summer
November 02, 2023
Business|US
National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire
The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement
November 02, 2023
Business|Economy|Finance
Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak
Beyond Meat is cutting 19% of its non-production workforce after a weaker-than-expected third quarter
November 02, 2023
Business|Finance|Food
Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year
Customers fell for Starbucks’ fall menu in its fiscal fourth quarter, helping the company achieve record revenue with Pumpkin Spice Lattes and apple croissants
November 02, 2023
Business|Economy|Technology
DoorDash orders surge 24% in the third quarter, helping to narrow the delivery app's losses
DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently
November 01, 2023
Environment|Europe|News|Technology
3 energy companies compete to build a new nuclear reactor in the Czech Republic
Three energy companies including U.S. Westinghouse, France’s EdF and Korea’s KHNP, have submitted their final bids to build the Czech Republic’s newest reactor at the Dukovany nuclear power station as the country strives to become more energy-independent and wean itself off fossil fuels
October 31, 2023
Business|Economy|Finance|Technology
Samsung reports improved profit as its chip business losses narrow
Samsung Electronics has reported its highest quarterly profit for the year
October 31, 2023
Business|Economy|Food|News
McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
McDonald’s said Monday it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers
October 30, 2023
Asia|Business|Economy|Finance|Stock Markets|US
Stock market today: Asian shares mostly fall as investors look ahead to economic data
Asian shares are trading mostly lower as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market
October 30, 2023
Business|Economy|Finance|Stock Markets
Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop deal
The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family’s remaining 20% stake in the Pilot Travel Centers truck stop company after paying nearly $11 billion since 2017 for the first 80% it bought
October 27, 2023
Business|Finance|Technology|US
Huawei reports its revenue inched higher in January-September despite US sanctions
Chinese telecoms equipment maker Huawei Technologies has reported its profit inched higher in the first three quarters of this year despite persisting U.S. sanctions that have hindered both its sales and its purchases of advanced technology
October 27, 2023
Business|Technology
Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline
One year ago, billionaire Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X
October 27, 2023
Business|Economy|Technology
AIs could soon run businesses – it’s an opportunity to ensure these 'artificial persons' follow the law
If a business is run by an AI and it causes you harm, could you sue the AI?
October 26, 2023
Europe|News|World
Business owners in a Ukrainian front-line city adapt even as 'a missile can come at any moment'
Russia's deadly attack on a beloved pizzeria in eastern Ukraine in June was painful for residents
October 26, 2023
Business|Entertainment|Lifestyle|Sports|US
Bud Light to return as the UFC's official beer next year as it recovers from a conservative backlash
Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer
October 25, 2023
Business|Economy|Technology|US
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly
October 25, 2023
Business|Economy|Finance|Technology
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One
Boeing is reporting a loss of $1.64 billion in the third quarter
October 25, 2023
Business|Sports|Technology
The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand Prix
Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world
October 24, 2023
Business|Economy|Finance
Coke raises full-year sales forecast after stronger-than-expected 3rd quarter
Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter
October 24, 2023
Business|Economy
Qatar Airways CEO will step down after nearly 3 decades leading carrier
Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years at the helm of the company
October 23, 2023
Business|Economy|Finance
American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper
American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs
October 19, 2023
Asia|Finance|Stock Markets|US
Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St
Asian shares have retreated as the prospect of a 5% yield on the 10-year U.S. Treasury for the first time since 2007 added to pressure on Wall Street
October 19, 2023
Business|Economy|Finance|US
Thrift store chain case was no bargain for Washington attorney general; legal fees top $4.2 million
Washington Attorney General Bob Ferguson’s long-running legal case against the thrift store chain Savers Value Village turned out to be no bargain, as the state has been ordered to pay the company nearly $4.3 million in legal fees
October 18, 2023
Business|Economy|Finance|Technology
Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter
Tesla has reported that its net income slumped in the third quarter versus a year earlier
October 18, 2023
Asia|Business|Technology|World
Major solar panel plant opens in US amid backdrop of industry worries about low-priced Asian imports
A South Korean company has begun production at a huge solar panel factory in Georgia
October 18, 2023
Business|MidEast|News|Travel|World
A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results
The summer travel season was very good for U.S. airlines, but rising fuel prices and the Israel-Hamas war are setting up a turbulent fourth quarter
October 17, 2023
Crime|Environment|Health
Maryland medical waste incinerator to pay $1.75M fine for exposing public to biohazardous material
A medical waste processing company has pleaded guilty to dozens environment-related charges and agreed to pay $1.75 million in fines after state prosecutors accused a south Baltimore incineration plant of exposing the public to biohazardous material
October 17, 2023
Business|Finance
Wyndham rejects $8 billion unsolicited buyout offer after Choice Hotels goes public with its bid
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion
October 17, 2023
Business|Finance|Technology
Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the UK jet engine maker
Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out
October 17, 2023
News|Political|US
A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional
October 15, 2023
Business|Europe|Finance|US
EU orders biotech giant Illumina to unwind $7.1 billion purchase of cancer-screening company Grail
The European Union is ordering U.S. biotech giant Illumina to undo its $7.1 billion purchase of cancer-screening company Grail because it closed the deal without approval of regulators
October 12, 2023
Business|Economy|News|US
After troubled start, New York is shaking up its legal marijuana market with new competitors
New York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores
October 12, 2023
Business|Economy|Finance|Technology|US
The IRS says Microsoft may owe about $29 billion in back taxes. Microsoft disagrees
The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest
October 11, 2023
Business|Economy|News|US
Planned purchase of old Louisiana shipyard put on hold amid questions from state financing panel
Plans by the Port of South Louisiana to purchase what was once a major shipyard for construction of military vessels have been delayed
October 11, 2023
Business|Finance|Stock Markets|US
Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey
Birkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall Street traded in its wingtips for sandals for a day
October 11, 2023
Business|Finance|Stock Markets
Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion
Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion
October 10, 2023
Arts|Food|Technology
From Coke floats to Cronuts, going viral can have a lasting effect on a small business
Lexington Candy Shop has had a line outside for over a year since a TikTok of its Coke float went viral
October 08, 2023
Business|US
Starbucks must disclose spending on response to union campaign, judge rules
Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of the agency's probe into whether
October 06, 2023
Business|Economy|Finance|Stock Markets
Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirls
Shares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets
October 06, 2023
Business|Finance|US
Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum
Investor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past
October 05, 2023
Opinion|Technology
What today’s labor leaders can learn from the explosive rise and quick fall of the typesetters union
History suggests that there’s risk of overplaying one’s hand when new technology is lurking.
October 05, 2023
Business|Finance|Technology|Travel
United Airlines makes 2nd large order for new planes in less than a year as it renews its fleet
United Airlines is making its second large order of new planes in less than a year, again seeking a mix of 110 aircraft from Boeing and rival Airbus as it renews its fleet
October 03, 2023
Sports
Mavs and Timberwolves play in Abu Dhabi as Gulf region’s influence with the NBA grows
The NBA returns to Abu Dhabi this week
October 03, 2023
Business|Economy|Finance|News|US
Fed's Powell gets an earful about inflation and interest rates from small businesses
Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington
October 02, 2023
Uncategorized
James Dolan's sketch of the Sphere becomes reality as the venue opens with a U2 show in Las Vegas
It started as a crude sketch of a circle with a stick person inside
September 29, 2023
Business|Entertainment|Technology
Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role
Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer
September 28, 2023
Business|Europe|Technology|Travel
EU Commission blocks Booking's planned acquisition of flight booking provider Etraveli
The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group
September 25, 2023
Celebrity|Sports
Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West
The head of the Anti-Defamation League said in a post on X on Thursday that he was in touch with Adidas CEO Bjorn Gulden who apologized for his remarks about Kanye West and reiterated the sportswear company’s fight to end antisemitism
September 21, 2023
Arts
Tech companies try to take AI image generators mainstream with better protections against misuse
Artificial intelligence tools that can conjure whimsical artwork or realistic-looking images from written commands started wowing crowds last year
September 21, 2023
Asia|Business|Finance|Stock Markets|Technology
Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds
Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted
September 21, 2023
Americas|Asia|Business|Economy|Finance|Political|US
State governors from Arizona, New Mexico seek stronger economic ties with Taiwan
Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states
September 20, 2023
Business|Entertainment|Finance
Disney pouring $60 billion into theme parks, cruises over the next 10 years
The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments
September 19, 2023
Business|Economy|Technology|US|World
Foreign firms in China say vague rules and tensions with Washington hurting business, surveys show
Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant market
September 19, 2023
News|Sports
Phoenix racetrack to end live racing, which means its OTB sites will close
Turf Paradise, a racetrack that has been a staple of horse racing in Arizona for decades, announced Monday it will cease live racing
September 19, 2023
Business|Technology
Microsoft's chief product exec to step down. Panos Panay was behind Surface devices and Windows 11
A top product executive at Microsoft who launched its Surface line of devices and Windows 11 is leaving the company
September 18, 2023
Business|Economy|Technology|World
Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey
Turkish President Recep Tayyip Erdogan has called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey
September 18, 2023
Africa|Economy|Technology|US
In San Francisco, Kenya's president woos American tech companies despite increasing taxes at home
Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home
September 15, 2023
Business|Celebrity|Entertainment
Diddy made music a priority over businesses to create 'The Love Album - Off the Grid'
If Sean “Diddy” Combs had a choice, the self-proclaimed serial entrepreneur would be hunkered down in a recording studio rather than running his many successful businesses
September 14, 2023
Business|News|Technology
Longtime Starbucks leader Howard Schultz steps down from the coffee chain's board
Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors
September 13, 2023
Business|Technology
Apple’s new iPhones get faster chips, better cameras and new charging ports
Apple on Tuesday unveiled its next generation of iPhones — a lineup that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model
September 11, 2023