News

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Fri, 15 Jan 2021 20:58:53 GMT

US stocks extend losses

On Friday, Wall Street's main indexes continued to decline. The Dow Jones Industrial Average fell by 233.38 points at 10:40 a.m. ET, while the S&P 500 lost 28.29 points or 0.75%.

Fri, 15 Jan 2021 20:02:14 GMT

Dutch government resigns

The Dutch government has resigned over a child welfare benefits scandal, Prime Minister Mark Rutte announced on Friday.

Fri, 15 Jan 2021 18:43:25 GMT

Amazon Web opens office in Greece

On Friday, Amazon Web Services opened the first office located in Greece, aiming to back the growing number of public sector agencies and firms using Amazon's cloud services.

Fri, 15 Jan 2021 17:41:27 GMT

US retail sales drop again last month

US retail sales tumbled for the third consecutive month in December due to job losses and new restrictions introduced to lower the coronavirus spread in the country.

Fri, 15 Jan 2021 16:42:42 GMT

JPMorgan profit soars 42% in Q4

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.

Fri, 15 Jan 2021 15:52:21 GMT

Wells Fargo Q4 profit tops Wall Street forecasts

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.

Fri, 15 Jan 2021 15:35:32 GMT

Citigroup Q4 profit tops estimates

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.

Fri, 15 Jan 2021 14:36:51 GMT

Virgin Atlantic closes $230M two 787s sale and leaseback

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.

Fri, 15 Jan 2021 13:35:37 GMT

Google eliminates lending apps in India

Alphabet's Google removed several lending apps from its Play Store in India to protect consumers, the company announced on Thursday.

Fri, 15 Jan 2021 12:37:35 GMT

Samsung rolls out new Galaxy S smartphone

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.

Fri, 15 Jan 2021 10:43:16 GMT

Oil prices decline on Friday

During Friday's European trading hours, crude oil price benchmarks declined, as a decrease in demand in China was expected.

Fri, 15 Jan 2021 09:56:08 GMT

Naturgy plans $1.8B investment in US

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.

Fri, 15 Jan 2021 09:29:02 GMT

Goldman views deals to bolster Marcus

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.

Fri, 15 Jan 2021 07:47:23 GMT

Food chains expect to return to normal

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.

Fri, 15 Jan 2021 06:43:05 GMT

ThoughtWorks attracts $720M from investors

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.

Fri, 15 Jan 2021 05:41:50 GMT

Subaru to trim production in US, Japan

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.

Fri, 15 Jan 2021 04:43:07 GMT

Google completes deal to acquire Fitbit

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.

Fri, 15 Jan 2021 03:47:42 GMT

Wells Fargo to reveal cost-cutting plan

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.

Thu, 14 Jan 2021 22:38:12 GMT

Delta expects recovery in 2021

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.

Thu, 14 Jan 2021 20:41:05 GMT

Renault to cut costs, focus on tech

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.

Thu, 14 Jan 2021 19:42:48 GMT

Samsung unveils new Galaxy S phone

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.

Thu, 14 Jan 2021 18:41:46 GMT

US import prices soar in December

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.

Thu, 14 Jan 2021 18:00:45 GMT

Subaru to slash output in US, Japan

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.

Thu, 14 Jan 2021 16:56:16 GMT

Google finishes $2.1B Fitbit acquisition

Alphabet Inc's Google completed its $2.1B acquisition of Fitbit, the wearable device company, both companies stated on Thursday.

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