JPMorgan Chase posted a better-than-expected 42% surge in its Q4 profit on Friday, boosted by the reserves release the lender had built up for the coronavirus-related loan losses.
On Friday, Wells Fargo reported its quarterly profit topped Wall Street's outlook, as credit costs fell and offset the hurt from low-interest rates that were meant to uphold the devastating economy amid the coronavirus pandemic.
On Friday, Citigroup posted a 7% drop in its Q4 profit; however beating Wall Street expectations, as a rebounding economic outlook allowed the bank to release the cash previously deemed for bad loans.
On Friday, UK airline Virgin Atlantic stated it had finalised its leaseback and sale of two Boeing's 787 aircraft, as planemaker seeks to boost its balance sheet.
Alphabet's Google removed several lending apps from its Play Store in India to protect consumers, the company announced on Thursday.
On Thursday, Samsung Electronics revealed its new flagship Galaxy S smartphone, over a month earlier than the company's usual schedule for the annual phone release.
During Friday's European trading hours, crude oil price benchmarks declined, as a decrease in demand in China was expected.
Naturgy, the Spanish power company, is planning an investment of up to $1.8B in the US after its $57M acquisition of Hamel Renewables, the solar energy developer.
Goldman Sachs Group is exploring new acquisition deals to boost Marcus, its consumer banking unit, after lender slowed deposit and loan growth at the fledgeling business in 2020 amid the coronavirus pandemic.
The Dutch delivery firm Just Eat Takeaway.com and the US company Chipotle Mexican Grill are expecting a return to nearly normal dining out levels by this year's spring or summer.
ThoughtWorks, the software consultancy company, stated it had raised as much as $720M from Siemens, GIC and other investors at the enterprise valuation of $4.6B.
The Japanese carmaker Subaru stated it was set to cut its output in January by "several thousand" cars at its Japanese and US plants due to a global semiconductor shortage.
Google announced it had closed the deal to acquire Fitbit, the fitness tracking company, despite the US Department of Justice was still continuing the probe of the $2.1B transaction.
Wells Fargo's CEO Charlie Scharf is planning to unveil its cost-cutting plan to investors this week, while Wall Street is anticipating the mortgage lender to post a 38% profit drop on Friday.
Delta Air Lines is expecting recovery this year after its operating revenue had been cut by 64% due to the coronavirus pandemic, signalling the carrier's first annual loss since 2009.
Renault's new boss is switching to a new strategy with plans to cut costs and focus on electric vehicle technology, seeking to revive the pandemic-hit business.
On Thursday, Samsung Electronics has launched its new Galaxy S smartphone over a month earlier than the company's usual schedule of annual release for its flagship models.
US imports prices surged 0.9% last month, topping expectations of a 0.7% rise and driven by weak dollar and energy products' higher prices, according to the Labor Department's data.
Japan's automaker Subaru is set to slash output this month by "several thousand" cars at plants in the US and Japan due to a global shortage of semiconductors.
Alphabet Inc's Google completed its $2.1B acquisition of Fitbit, the wearable device company, both companies stated on Thursday.
PayPal Holding became the first foreign operator with full control of its payment platform in China, China's government data revealed.
Technology giants including Oracle, Microsoft and healthcare firms Mayo Clinic and Cigna have formed a coalition for creating digital records of COVID-19 vaccinations.
On Thursday, Nokia has cooperated with Google Cloud division for building 5G network infrastructure, seeking to allow its business customers to offer automated manufacturing and smart retail services.
On Thursday, the world's biggest asset manager BlackRock reported a larger-than-anticipated quarterly profit, as boosted financial markets' activity resulted in increased fees and pushed the company's assets to record highs.