News

Thu, 23 Jan 2020 08:23:15 GMT

Netflix tops estimates for subscribers in Q4

Netflix reported it had added 8.76M paid global subscribers in the Q4, beating Wall Street's estimates, on the back of new competition from Walt Disney and Apple streaming services.

Thu, 23 Jan 2020 06:04:47 GMT

Ford anticipates $2.2B pre-tax hit in Q4

Ford Motor announced its expectations for fourth quarter results to be hit by a pre-tax loss of nearly $2.2B amid higher contributions to employees pension plans.

Thu, 23 Jan 2020 04:36:05 GMT

Real estate developer to buy Philadelphia refinery

Hilco Redevelopment Partners, the real estate developer, entered into a $240M deal to buy the Philadelphia Energy Solutions oil refinery.

Wed, 22 Jan 2020 22:25:06 GMT

Rogers to spend up to C$2.9B this year

Rogers Communications is set to spend up to C$2.9B in 2020 to expand the company's communications infrastructure in Canada, including for 5G.

Wed, 22 Jan 2020 20:47:14 GMT

FCA head notes progress in Peugeot merger talks

Fiat Chrysler's CEO Michael Manley has highlighted on Wednesday the merger talks between the Italian-American corporation and France' PSA Group to build the world's No. 4 automaker were progressing well, expressing hopes for a deal to be signed in 12-14 months.

Wed, 22 Jan 2020 19:50:48 GMT

Tesla's market valuation surpasses $100B

On Wednesday, Tesla Inc has become the first publicly-listed US automaker to race past $100B in market valuation, making its stock more than doubling in the last three months.

Wed, 22 Jan 2020 18:58:55 GMT

Toyota to phase out 3.4M vehicles across globe

Toyota Motor is planning a recall of 3.4M vehicles across the world amid an electronic defect, which can pose a threat of airbags not deploying in crashes.

Wed, 22 Jan 2020 16:42:55 GMT

Eurazeo prepares for payments firm Planet sale

Buyout fund Eurazeo hired Evercore and Citigroup to prepare the sale of payments company Planet, where the firm could be valued at up to €2B.

Wed, 22 Jan 2020 15:46:10 GMT

Canadian yearly inflation steady at 2.2%

Canada's December inflation rate remained unchanged at 2.2%, supported by higher prices of energy and balanced by weaker gains in food and car prices.

Wed, 22 Jan 2020 15:33:18 GMT

Firms consider bids for Malaysian digital bank licence

Various companies, such as Grab, Razer, AirAsia, Axiata and CIMB, are among bidders to apply for the Malaysian digital banking, Reuters reported on Wednesday.

Wed, 22 Jan 2020 14:37:58 GMT

Boeing looks at developing new tech for light aircraft

Boeing Co agreed with Israel's Tactical Robotics to consider the development of a new technology of ducted fan propulsion to use in the autonomous and piloted light aircraft, the planemaker stated on Wednesday.

Wed, 22 Jan 2020 13:27:34 GMT

Google CEO expects big opportunity in healthcare

Alphabet's CEO Sundar Pichai stated on Wednesday he was expecting the major opportunity for using AI in healthcare during the following 5-10 years that would improve outcomes.

Wed, 22 Jan 2020 12:15:16 GMT

Toyota to recall 3.4M vehicles worldwide

Toyota Motor is set to recall 3.4M vehicles across the world due to an electronic defect, which can result in airbags not deploying in crashes.

Wed, 22 Jan 2020 11:36:52 GMT

Bank of America expands in Asia

On Wednesday, Bank of America announced that it would hire 50 new bankers for deal making in Asia in 2020.

Wed, 22 Jan 2020 10:13:01 GMT

Alstom shares jump amid potential deal with Bombardier

On Wednesday, shares in Alstom, the French train manufacturer, surged 2%, hitting their record-high in nearly two years, on a report of the potential deal with Bombardier, in which the Canadian jet maker seem to combine its rail business.

Wed, 22 Jan 2020 09:39:07 GMT

BlackRock builds 5% stake in ex-Toshiba arm

BlackRock Inc built a stake worth 5.12% in Toshiba Machine, the former subsidiary of Toshiba Corp that had been targeted by the Japanese prominent activist investor, the US asset manager reported on Wednesday.

Wed, 22 Jan 2020 04:06:28 GMT

SAA says flights to all destinations operating normally

South African Airways said in a statement that flights to all its destinations continue to operate normally after bailout talks collapse.

Wed, 22 Jan 2020 02:53:01 GMT

Brazil's GOL expects to fly Boeing 737 MAX by April

Richard Lark, the CFO of Brazil's low-cost airline GOL, said that the company expects to be flying Boeing 737 MAX jetliner by April.

Tue, 21 Jan 2020 21:05:16 GMT

Facebook to hire 1K people in UK this year

Facebook is planning to hire 1K people in London in 2020 for such roles as safety and product development on the back of continuing growth of its largest engineering centre located outside the US.

Tue, 21 Jan 2020 19:45:37 GMT

Honda among initiators to boost US job training

Honda Motor is set to join a rising number of firms signing the White House initiative to boost the US job training opportunities, seeking to provide them to 50K of its workers by 2025, the third-largest Japanese carmaker said.

Tue, 21 Jan 2020 18:49:06 GMT

Starbucks seeks to become "greener"

Starbucks Corp is looking at adding more plant-based drinks and food to its menu, shifting from plastic and single-use cups to reusable packaging and investing in the better waste-management, the company's CEO said on Tuesday.

Tue, 21 Jan 2020 17:59:12 GMT

Flutterwave receives $35M, partners with WorldPay

Flutterwave, the African fintech firm, announced a $35M fundraising round, adding it had also signed partnerships with Visa and WorldPay, as the start-up sought expansion in the Francophone and northern Africa.

Tue, 21 Jan 2020 16:40:13 GMT

Apple halts plan for encrypting iPhone back-ups

Apple Inc has cancelled its plans for allowing iPhone users to fully encrypt their devices' back-ups in the Apple iCloud service due to FBI complaints that such a move could harm investigations, Reuters reported.

Tue, 21 Jan 2020 16:17:17 GMT

Disney+ to roll out in Western Europe, UK ahead of schedule

On Tuesday, Walt Disney Co announced it would launch Disney+, the video streaming service, a week earlier than it was planned on March 24 in Western Europe's regions and the United Kingdom.

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