News

Tue, 25 Apr 2017 20:12:38 GMT

Tyson Foods strikes $4.2B deal with AdvancePierre

On Tuesday, Tyson Foods said it had agreed to buy the Cincinnati-based ready-to-eat sandwich producer AdvancePierre for $4.2B as a part of the company's expansion plan.

Tue, 25 Apr 2017 19:06:42 GMT

Uber seeks to deploy flying taxis by 2020

Speaking at the Uber Elevate Summit, the CPO of Uber Technologies Jeff Holden reported the company sought to deploy first flying taxis in Texas and Dubai by 2020.

Tue, 25 Apr 2017 19:06:09 GMT

Turkish PM: Turkey-EU relations at lowest mark in recent times

On Tuesday, the Turkish First Minister Binali Yildirim said relations between Turkey and the EU had hit the lowest mark in recent times.

Tue, 25 Apr 2017 18:04:52 GMT

French billionaire seeks to acquire Christian Dior for $13.04B

On Tuesday, Bernard Arnault, a French billionaire, said his family was ready to acquire stake in Christian Dior SE for a total of $13.04B.

Tue, 25 Apr 2017 18:04:13 GMT

Coca-Cola Q1 earnings fall behind expectations

Coca-Cola's Q1 net income fell short of analysts' expectations, coming in at $1.18B, or $0.27 per share, compared with $1.48B income in the year-earlier quarter.

Tue, 25 Apr 2017 17:18:36 GMT

McDonald's Q1 earnings top analysts' expectations

The fast food giant McDonald's reported on Tuesday its first-quarter net income surged to $1.21B, or $1.47 a share, beating economists' expectations for $1.34 per share.

Tue, 25 Apr 2017 17:17:19 GMT

Caterpillar upgrades its 2017 revenue and profit outlook

The Illinois-based construction machinery producing company Caterpillar upgraded its 2017 revenue and profit outlook, saying there are some encouraging signs in markets it serves.

Tue, 25 Apr 2017 16:02:59 GMT

US CB consumer morale declines in April

The Conference Board Consumer Confidence Index for the US came in at 120.3 for the month of April, down from 124.9 reading observed in March.

Tue, 25 Apr 2017 16:02:13 GMT

S&P/CS 20-city composite HPI soars 5.9%

An S&P report released on Tuesday suggested the S&P/CS 20-city composite HPI surged to a seasonally adjusted yearly rate of 5.9%.

Tue, 25 Apr 2017 15:11:37 GMT

US house prices up 0.8% in February

Data released by the Federal Housing Finance Agency on Tuesday revealed the US House Price Index rose 0.8% over the month of February.

Tue, 25 Apr 2017 15:11:06 GMT

NBB business sentiment recovers in April

The National Bank of Belgium reported its business confidence improved moderately in April, being supported by an uptick in the manufacturing sector, trade and building industry.

Tue, 25 Apr 2017 14:30:28 GMT

US former officials to testify on Russian probe

According to the US Judiciary Committee, two ex-officials James Clapper and Sally Yates will testify at the Senate hearing on Russian probe next month regarding its role in the 2016 election hacking.

Tue, 25 Apr 2017 14:14:08 GMT

Three men imprisoned for rape broadcast live on Facebook

On Tuesday, the Court of Sweden sentenced three men up to 2.5 years in prison for the broadcast of woman's rape live on Facebook.

Tue, 25 Apr 2017 13:32:37 GMT

Swedish mobile operators put under investigation over abuse

The European Union probes the Swedish mobile network operators over the potential market position abuse or some practices used aimed at blocking the competitors to enter the market.

Tue, 25 Apr 2017 13:22:42 GMT

Japan State Minister to quit after disregarding Fukushima

The Japanese State Minister in charge of Reconstruction Masahiro Imamura is eager to quit after his disregarding comments over Fukushima as he considered it a better option for the earthquake disaster that hit in 2011 than Tokyo.

Tue, 25 Apr 2017 12:34:27 GMT

Greece issues order against Turkish soldiers' extradition

On Tuesday, the Greek Court issued an order against the extradition of the three Turkish soldiers fled away to Greece in July 2016.

Tue, 25 Apr 2017 12:23:23 GMT

Netflix enters Chinese market amid deal with iQiyi.com

Netflix clinched a licensing deal with the one of the China's largest streaming service iQiyi.com with intention to introduce its content to the Chinese market.

Tue, 25 Apr 2017 11:34:07 GMT

Drugmaker Eli Lilly reports 7.5% rise in revenue

The Eli Lilly drugmaker posted strong quarterly results showing its earnings surged 7.5% amid growing demand for its psoriasis drug Taltz and diabetes treatment Trulicity.

Tue, 25 Apr 2017 11:21:15 GMT

Russia to provide breakaway Luhansk with power

Russia is eager to provide the breakaway region of Ukraine Luhansk with power as Kiev cut off its power supply, Interfax news outlet reported on Tuesday.

Tue, 25 Apr 2017 10:07:08 GMT

Germany increases growth forecast

The German government has increased the forecast of the growth of the country for this year to 1.5%. The reason for that is the increased optimism about an increase in the global demand.

Tue, 25 Apr 2017 10:06:27 GMT

China will have "prudent" monetary policy

The politburo of the People's Republic of China has announced that the country officials will continue to have a "prudent" monetary policy.

Tue, 25 Apr 2017 09:24:42 GMT

Boeing to launch 737-10 aircraft's larger version

Boeing is moving towards a decision to introduce its 737 passenger aircraft's larger version with intention to beat the Airbus A321neo strong sales.

Tue, 25 Apr 2017 09:16:39 GMT

Spanish policemen detain eight suspects in IS terrorist activity

On Tuesday, the Spanish police officers arrested eight Moroccan people in connection with the Islamist militant activity and raided 12 sites in Barcelona.

Tue, 25 Apr 2017 08:33:51 GMT

Hungarian pensioners to receive special bonus

Hungary may flag a pre-election bonus for pensioners at the end of 2017, if the GDP growth exceeds 3.5% and the budget deficit can be kept under control.

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