News

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Thu, 30 Jan 2020 15:44:40 GMT

Hershey expects profit, sales above estimates

Hershey anticipated its profit and sales in 2020 largely above expectations, after its reported sales that beat forecasts on higher prices and investments in healthier snacks.

Thu, 30 Jan 2020 14:45:08 GMT

Britain and US comment on trade deal

The US Secretary of State Mike Pompeo and the Foreign Secretary of the United Kingdom Dominic Raab announced on Thursday that a trade deal among the two countries could be done this year.

Thu, 30 Jan 2020 13:48:05 GMT

Bank of England keeps rates steady

On Thursday, the Bank of England made an interest rate announcement. The central bank kept its Official Bank Rate unchanged at 0.75%.

Thu, 30 Jan 2020 12:59:26 GMT

Coca Cola tops quarterly revenue estimates

On Thursday, Coca-Cola Co reported better-than-expected quarterly revenue that grew 16% to $9.07B, boosted by higher demand for the company's coffees, teas and sparkling soft drinks.

Thu, 30 Jan 2020 12:37:25 GMT

Total-PSA JV aims at batteries output for 1M EVs per year

Total-PSA Group's joint venture has set a target to produce batteries for 1M electric vehicles in one year by 2030, the CEO for the French energy major, Patrick Pouyanne, stated on Thursday.

Thu, 30 Jan 2020 11:19:02 GMT

Tesla creates new partnership

On Thursday, Tesla announced that it has entered into a partnership with LG Chem from South Korea and CATL from China. The partner companies would supply car batteries.

Thu, 30 Jan 2020 10:39:53 GMT

L Brands CEO plans to step aside, sell Victoria's Secret

The owner of Victoria's Secret, L Brands CEO Leslie Wexner, is considering stepping aside from his role and is reviewing the lingerie brand's sale.

Thu, 30 Jan 2020 09:14:09 GMT

CalTech wins $1.1B jury verdict in Apple, Broadcom patent case

The California Institute of Technology has won a $1.1B jury verdict in the patent case against Broadcom and Apple filed in 2016 after CalIT alleged Broadcom's chips used in Apple's iPhones infringed the patents related to data transmission technology.

Thu, 30 Jan 2020 07:53:11 GMT

News Corp. triggers news aggregation site

News Corp has rolled out its free news aggregation platform, Knewz, seeking to address the long-held criticism by Google and Facebook towards publishers and journalists.

Thu, 30 Jan 2020 07:36:17 GMT

Facebook sees its revenue growth slowing

Facebook Inc reported its revenue growth would keep slowing, but highlighted a surge in the social media giant's quarterly expenses, missing Wall Street's expectations for the improving privacy costs to level off.

Thu, 30 Jan 2020 05:53:36 GMT

Microsoft beats Q2 revenue estimates

Microsoft beat analysts' expectations for quarterly revenue, which grew 13.7% to $36.91B, supported by strong performance from Azure, the cloud computing platform.

Thu, 30 Jan 2020 05:10:54 GMT

PayPal quarterly profit decreases 13%

PayPal Holdings revealed a 13% decrease in its profit to $507M in the Q4, as the company spent more on technology and acquisitions.

Thu, 30 Jan 2020 04:31:26 GMT

Google Shopping product leader leaves for Coinbase

Surojit Chatterjee, the Google Shopping product leader, was leaving the company for the role of the Chief Product Officer at cryptocurrency exchange Coinbase.

Wed, 29 Jan 2020 21:45:03 GMT

Ford's Lincoln to make EV with Rivian

Ford Motor owned Lincoln Motor confirmed that it plans to produce battery-powered electric cars in cooperation with Ford-backed start-up Rivian.

Wed, 29 Jan 2020 20:52:04 GMT

EU approves Brexit deal

On Wednesday, the European Parliament voted to grant its final approval to the Brexit deal, allowing the UK to leave EU on Friday.

Wed, 29 Jan 2020 19:49:42 GMT

Aviation stocks decline

The recent travel bans from and to China during this week impacted the stock prices of various airlines, which no longer serviced the banned flight routes.

Wed, 29 Jan 2020 18:43:21 GMT

Stock indices pause surge

During Wednesday's US trading session, stock indices retreated from previously booked high levels, as some companies reported disappointing quarterly earnings.

Wed, 29 Jan 2020 17:47:43 GMT

BBC to cut 450 jobs

The BBC is set to cut nearly 450 jobs from the company's news division within an £80M savings drive and modernisation programme.

Wed, 29 Jan 2020 16:47:32 GMT

KFC to sell plant-based fried chicken in US

Beyond Meat stated that it is set to supply plant-based fried chicken to some KFC stores in the southern US, after last year's test revealed strong consumer demand.

Wed, 29 Jan 2020 15:58:58 GMT

Mastercard beats profit forecasts

Mastercard beat Wall Street forecasts for quarterly profit, which rose 16% to $4.41B, as customers' spending increased during the US holiday shopping.

Wed, 29 Jan 2020 14:50:39 GMT

Airbnb backs regulation

On Wednesday, Airbnb revealed that it is backing the proposals for the regulation of online platforms. The announcement came after Airbnb was classified as an online platform by an EU court.

Wed, 29 Jan 2020 13:43:12 GMT

Huawei denies German reports

Telecoms network equipment maker Huawei on Wednesday denied reports that the German government has evidence of Huawei cooperating with Chinese intelligence services.

Wed, 29 Jan 2020 12:49:41 GMT

Crude oil prices rise

During Wednesday's European trading, crude oil prices increased, as data was published, which revealed a decline in US crude oil inventories.

Wed, 29 Jan 2020 12:32:17 GMT

General Electric beats forecasts

On Wednesday, General Electric revealed their quarterly profits, which beat analyst estimates and caused a surge of the company' stock price.

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