News

Sat, 09 Nov 2019 07:22:46 GMT

US Supreme Court considers blocking Booking.com trademark

On Friday, the US Supreme Court agreed to evaluate a bid made by a federal agency that would prevent Booking.com from trademarking its website name.

Sat, 09 Nov 2019 06:01:33 GMT

Blackstone buys majority stake in MagicLab

Blackstone Group Inc has acquired majority stake in the British dating apps Bumble and Badoo. The deal values Bumble's parent company, MagicLab, at about $3B.

Sat, 09 Nov 2019 04:46:00 GMT

Norwegian oil firm Equinor begins search for new CEO

According to the Stavanger Aftenblad report, the Norwegian oil company Equinor has begun looking for a new CEO.

Sat, 09 Nov 2019 03:44:18 GMT

Italy's 5-Star Party opposes legal shield for ArcelorMittal

On Friday, the leader of Italy's 5-Star Movement Luigi Di Maio said that his party doesn't want a new legal shield for ArcelorMittal.

Sat, 09 Nov 2019 03:25:17 GMT

US wholesale inventories decline in September

According to the Commerce Department on Friday, the US wholesale inventories declined more than previously reported in September.

Fri, 08 Nov 2019 20:41:25 GMT

No majority seen in Spain's parliamentary election

According to the El Pais newspaper calculation, neither the Spanish Socialist Workers' Party or the Conservative People's Party would win majority in the Spanish Parliamentary election on Sunday.

Fri, 08 Nov 2019 19:56:38 GMT

Crude oil prices decline on Friday

On Friday, crude oil prices edged lower, pressured by uncertainty in the US-China trade talks. The Brent crude futures were down at $61.08 per barrel by 14:37 GMT.

Fri, 08 Nov 2019 19:00:15 GMT

Total to take measures to avoid fuel shortage

On Friday, the French oil company Total said that it would take steps to avoid fuel shortage after the CGT union workers at the Feyzin refinery decided to block distribution from the refinery.

Fri, 08 Nov 2019 17:58:01 GMT

Norwegian oil firm Equinor begins search for new CEO

According to the Stavanger Aftenblad report, the Norwegian oil company Equinor has begun looking for a new CEO.

Fri, 08 Nov 2019 16:58:51 GMT

Global investors flood Chinese market

According to the Reuters Global Investment Outlook 2020 Summit participants, slower economic growth and trade wars are unlikely to deterred global investors from flocking the Chinese market.

Fri, 08 Nov 2019 16:04:23 GMT

US could lift tariffs on Chinese goods

On Friday, the White House spokesperson Stephanie Grisham said that tariffs could be removed if the United States and China reach a trade agreement.

Fri, 08 Nov 2019 14:41:23 GMT

Alibaba plans HK share offering to raise $15B

Alibaba Group Holding is planning to trigger a share offering in Hong Kong to attract up to $15.0B in November-end, seeking to bolster its Asian financial hub due to current struggles with the anti-government protests.

Fri, 08 Nov 2019 13:41:46 GMT

EasyJet acquires Thomas Cook's airport slots

EasyJet, the British budget airline, has acquired the failed travel firm Thomas Cook's airport slots at Bristol and London Gatwick in a deal worth £36M, it stated on Friday.

Fri, 08 Nov 2019 12:47:45 GMT

Daimler to trim over 1K managing positions worldwide

Daimler is eager to cut about 10% or 1,100 managing positions worldwide, potentially due to a strategy update that would be given by the carmaker's new CEO on November 18, according to Sueddeutsche Zeitung.

Fri, 08 Nov 2019 11:57:53 GMT

Natixis tops Q3 profit estimates, trims M&A budget

Natixis topped its quarterly earnings forecasts, keeping its dividend policy, the French investment bank reported, adding it has also cut the budget for possible acquisition deals as it aims at reinforcing existing businesses.

Fri, 08 Nov 2019 11:03:31 GMT

ECB continues money creation

On Friday, the Member of the ECB Governing Council Bostjan Vasle stated that the ECB is determined to continue its current monetary policy. Namely, it will continue to create money, which is set to increase asset prices.

Fri, 08 Nov 2019 10:15:37 GMT

TIM, Santander to set up consumer credit JV

Spain's Banco Santander and Italy's Telecom Italia have agreed to build a joint venture aimed at providing consumer-credit services for Italian clients, both companies confirmed.

Fri, 08 Nov 2019 09:14:13 GMT

PSA-FCA management seeks to boost cost savings

The CEO of the PSA Group Carlos Tavares stated on Friday that the cost savings value in the planned Peugeot-Fiat Chrysler merger deal was nominal, adding that the new management would try to bolster that over time.

Fri, 08 Nov 2019 07:45:34 GMT

Dropbox beats revenue, profit forecasts

Dropbox reported it had added 14M individual and business subscribers to its platform in the Q3, higher than expected by analysts, boosting its revenue and profit estimates.

Fri, 08 Nov 2019 06:50:01 GMT

GoPro Q3 revenue top estimates

GoPro Inc reported its Q3 revenue exceeded analysts' expectations, driven by a robust demand for its Hero camera, sending the company's shares up 11%.

Fri, 08 Nov 2019 05:49:13 GMT

Gap to cut annual earnings forecast

Gap Inc is planning to trim its annual earnings forecast due to operational challenges and slower traffic, sending the company's shares down 7% on the news.

Fri, 08 Nov 2019 04:42:29 GMT

Disney's shares rise over 3% on quarterly earnings

Walt Disney's shares rose over 3% to $137.54 on a report that the company earned $1.07 for a share in the quarter ending September, beating Wall Street's expectations for 95 cents per share.

Fri, 08 Nov 2019 03:45:05 GMT

Gap CEO Peck to step down

Gap Inc's CEO Art Peck is set to resign from his position, the company announced late on Thursday, as the apparel retailer is planning to spin off the Old Navy brand into a publicly listed firm.

Fri, 08 Nov 2019 03:16:45 GMT

Walt Disney's quarterly earnings top forecasts

Walt Disney reported its quarterly earnings beat Wall Street's estimates, boosted by "The Lion King" film's remake and theme parks unit due to increased costs ahead of its streaming entertainment bet's launch.

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