Lufthansa hopes for speedy EU nod for bailout: sources
Lufthansa is hoping for a quick nod from the European Commission for its 9 billion euro ($9.8 billion) bailout agreed on Monday to make sure the cash arrives in time for the company to stay afloat.
Source: Reuters: Business News | 26 May 2020 | 9:47 am
S&P 500 breaches 3,000 mark for first time since early March
U.S. stocks surged at the open and S&P 500 breached a major technical barrier on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors overlook Sino-U.S. tensions.
Source: Reuters: Business News | 26 May 2020 | 9:41 am
Uber cuts 600 jobs in India as lockdown hits business
Uber Technologies Inc has cut about 600 jobs in India as part of plans to reduce its global workforce by 23%, the company said on Tuesday, joining local rival Ola as the COVID-19 pandemic crushes demand for app-based cab services.
Source: Reuters: Business News | 26 May 2020 | 9:29 am
LATAM becomes largest airline driven to bankruptcy by coronavirus
Chile's LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization amid the coronavirus pandemic.
Source: Reuters: Business News | 26 May 2020 | 9:24 am
Investment bank Moelis in talks to represent Latam bondholders in bankruptcy- source
Investment bank Moelis & Co is in talks with a group owning around $3 billion in bonds and loans owed by Latam Airlines Group SA to represent them in the company's bankruptcy, one source with knowledge of the matter said on Tuesday.
Source: Reuters: Business News | 26 May 2020 | 9:23 am
McLaren to cut 1,200 jobs as virus hits demand
The supercar maker and Formula 1 team plans to layoff 25% of its workforce, the vast majority in the UK.
Source: BBC News - Business | 26 May 2020 | 9:06 am
Aston Martin chief leaves after 94% share price collapse
Andy Palmer launched new models and led the carmaker's stock market launch - but sales and profits fell.
Source: BBC News - Business | 26 May 2020 | 6:44 am
Coronavirus: Shoppers 'may be reluctant' to return
Shops in England will start to reopen next week, but will customers return or stick to online ordering?
Source: BBC News - Business | 26 May 2020 | 6:42 am
Trans Mountain pipeline: Protest ban is 'great time' to build, says minister
Alberta's energy minister cites a ban on protests when asked about a controversial project in Canada.
Source: BBC News - Business | 26 May 2020 | 3:58 am
Stanley Ho: Hong Kong's 'king of gambling' dies aged 98
Ho was credited with steering Macau to overtake Las Vegas as the gambling capital of the world.
Source: BBC News - Business | 26 May 2020 | 3:46 am
Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds
Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.
Source: NYT > Business | 20 May 2019 | 12:18 am
As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.
Source: NYT > Business | 20 May 2019 | 12:04 am
TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?
A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.
Source: NYT > Business | 19 May 2019 | 11:36 pm
In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China
But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.
Source: NYT > Business | 19 May 2019 | 11:27 pm
‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers
Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.
Source: NYT > Business | 19 May 2019 | 10:24 pm
Retirement contribution limits will rise in 2019
Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.
Source: Latest financial news - CNNMoney.com | 1 Nov 2018 | 4:50 pm
Why it's time for investors to go on defense
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
Source: Latest stock market news from Wall Street - CNNMoney.com | 4 Oct 2018 | 1:14 am
Barnes & Noble stock soars 20% as it explores a sale
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Source: Latest stock market news from Wall Street - CNNMoney.com | 3 Oct 2018 | 7:59 pm
Aston Martin falls 5% in London IPO
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Source: Latest stock market news from Wall Street - CNNMoney.com | 3 Oct 2018 | 12:02 pm
British tech firm Dyson to invest 2 billion pounds in electric car
(ChinaPost.com.tw) - British technology firm Dyson announces plans to invest 2 billion pounds (2.6 billion dollars) to develop a battery powered electric car to be marketed from 2020.
Source: China Post Online - Taiwan Business,World Business | 27 Sep 2017 | 2:33 am
US second quarter GDP revised higher as it notches quickest pace of growth in two years
The US economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.
Gross domestic product increased at a 3.0 per cent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 per cent pace reported last month reflected robust consumer spending as well as strong business...
Source: South China Morning Post - Business feed | 30 Aug 2017 | 6:15 pm
Hurricane Harvey shuts down LPG exports to Asia by the US
Asian buyers of liquefied petroleum gas are already paying for disruptions half a world away in Texas as record rainfall halted shipments of propane and butane from ports that handle more than 90 per cent of US exports to the region.
Marine export terminals operated by Enterprise Products Partners LP, Targa Resources Inc and Phillips 66, all suppliers of the fuel, are shut because of closures at the Houston Ship Channel, Port of Beaumont and Port of Freeport, according to statements from the...
Source: South China Morning Post - Business feed | 30 Aug 2017 | 3:30 pm
Alibaba Pictures first half revenue soar on back of online promotion and distribution business
Alibaba Pictures Group, the entertainment subsidiary of e-commerce titan Alibaba Group Holding, recorded a 313 per cent year on year jump in revenue for the six months ended June 30 amid aggressive moves to build its infrastructure for the mainland Chinese film industry.
“Having laid the foundation for its core business segments over the last two years, the group is expected to advance to a new phase of development,” said Alibaba Pictures chairman Yu Yongfu in a regulatory filing...
Source: South China Morning Post - Business feed | 30 Aug 2017 | 2:00 pm
Mengniu Dairy’s profits first-half rise 4.7 per cent
China Mengniu Dairy, the country’s second largest dairy, announced that its profits for the first half of the year increased by 4.7 per cent from the same period last year, in line with analysts’ expectations.
Mengniu reported profits of 1.13 billion yuan for the six months to the end of June, up from 1.08 billion in the first half of 2016.
The profit came primarily from Mengniu’s core activities, liquid milk and ice cream products, which helped compensate for a loss at its...
Source: South China Morning Post - Business feed | 30 Aug 2017 | 11:31 am
China Construction Bank profits up 3.69 per cent
China Construction Bank announced late on Wednesday that its profits rose by 3.69 per cent, a performance in line with analysts’ expectations.
The bank, China’s second most profitable, reported net profits of 138.3 billion yuan, up from 133.4 billion yuan last year.
The profit growth was broad based, with net interest income up 3.25 per cent, net fee and commission income up 1.32 per cent, and some improvements in costs.
In its statement to the Hong Kong Stock Exchange, the bank...
Source: South China Morning Post - Business feed | 30 Aug 2017 | 11:13 am
Jimmy Garoppolo Is The Smartest QB Investment NFL Teams Can Make This Offseason
In a league where quarterback play gets coaches fired or promoted, every penny counts. For my money, I'd take a risk on Garoppolo and bank on his experience with Brady and Belichick.
Source: Forbes Real Time | 22 Feb 2017 | 11:46 pm
'Suits' Season 6 Episode 15 Recap: 'Quid Pro Quo'
Tonight, the groundwork was laid for the future on Suits.
Source: Forbes Real Time | 22 Feb 2017 | 11:00 pm
Mapping Global Happiness In 2016 Through A Quarter Billion News Articles
How the power of the cloud makes it possible to sentiment mine, machine translate, geocode and map a quarter billion news articles to map global happiness in 2016 as seen through the eyes of the world’s press
Source: Forbes Real Time | 22 Feb 2017 | 10:58 pm
Job Search Going Nowhere? Here Are Ten Ideas To Try
Is your job search going nowhere? Here are ten ways to get it moving again!
Source: Forbes Real Time | 22 Feb 2017 | 10:44 pm
Texas High School Wrestler's Case Shows Ridiculousness Of Anti-Transgender Rules
Mack Beggs is the unwitting center of a debate over whether athletes should compete against those with whom they identify, or the gender on their birth certificate.
Source: Forbes Real Time | 22 Feb 2017 | 10:27 pm
GM's Opel, Peugeot lagging rivals in strong European market: ACEA
BERLIN (Reuters) - General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM's European auto operations by PSA. A combination between GM and PSA would create a manufacturer with about 16 percent of the European passenger car market, ahead of French rival Renault and behind Germany's Volkswagen . New passenger car registrations at PSA, including the Peugeot, Citroen and DS brands in the European Union and the European Free Trade Association rose 6.5 percent in January, compared with 5. ...
Source: Business News Headlines - Yahoo! News | 16 Feb 2017 | 2:13 am
Snap sets valuation at lower end of expectation: WSJ
(Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc. The company had confidentially registered with the U.S. Securities and Exchange Commission late last year for an IPO.
Source: Business News Headlines - Yahoo! News | 16 Feb 2017 | 1:50 am
Ericsson launches 5G platform with federated network slicing
Following its trial of federated network slicing with Deutsche Telekom and SK Telecom, Ericsson has launched its 5G platform combining the technology with a 5G radio system and core network.
Source: Business News Headlines - Yahoo! News | 16 Feb 2017 | 1:31 am
Argentina's rising grains production strands vessels in river traffic
By Hugh Bronstein ROSARIO, Argentina (Reuters) - When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to expand farm output and pull the country out of recession. Macri wants Argentina to grow 25 percent more grains to boost rural income and has cut export taxes to attract more investment in the sector.
Source: Business News Headlines - Yahoo! News | 16 Feb 2017 | 1:24 am
Newspapers aim to ride 'Trump Bump' to reach readers, advertisers
By Jessica Toonkel NEW YORK (Reuters) - The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times , the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as "failing" in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.
Source: Business News Headlines - Yahoo! News | 16 Feb 2017 | 1:21 am
Will the next iPhone charge wirelessly?
The days of plugging in an iPhone to charge won't last forever.
Source: World business news - CNNMoney.com | 13 Feb 2017 | 2:42 pm
How 'America First' could turn into to 'India First'
Nandan Nilekani, co-founder of one of India's biggest outsourcing companies, says an H-1B visa crackdown would ultimately hurt the U.S.
Source: World business news - CNNMoney.com | 13 Feb 2017 | 2:20 pm
Mexico ready to retaliate by hurting US farmers
Mexican Senator Armando Rios Piter told CNN that he plans to introduce a bill this week that would stop Mexican purchases of American corn.
Source: World business news - CNNMoney.com | 13 Feb 2017 | 12:37 pm
Stocks hit record again. Is Trump the reason?
The market is at all-time highs and many say Trump is the reason. But stocks were rallying when investors thought Hillary Clinton would win. Janet Yellen and the Fed may deserve more of the credit for the market's move.
Source: World business news - CNNMoney.com | 13 Feb 2017 | 12:35 pm
Apple stock nears record high
Apple stock is less than $1 away from its all-time high amid renewed optimism for the iPhone.
Source: World business news - CNNMoney.com | 13 Feb 2017 | 12:24 pm