News

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Thu, 27 Feb 2020 09:12:21 GMT

Lufthansa, United consider takeover of Portugal's TAP

Lufthansa and United Airlines are weighting a takeover of the Portuguese carrier TAP-Air Portugal, according to a report of a German newspaper.

Thu, 27 Feb 2020 08:26:55 GMT

Walmart discusses Asda stake sale with possible buyers

The largest retail in the world, Walmart, has entered talks with potential stake buyers in its UK supermarket Asda, following a failed merger-deal with Sainsbury's, which collapsed last year.

Thu, 27 Feb 2020 07:33:20 GMT

SpaceX rocket output facility approved by LA Port

Elon Musk's SpaceX private rocket firm has won its final approval to establish a manufacturing and research factory for its deep-space project "Starship" by the Port of Los Angeles.

Thu, 27 Feb 2020 06:23:50 GMT

Square results beat expectations

Payment processor Square beat forecasts for quarterly profit, as the company earned more from services and subscription business, especially from Cash App.

Thu, 27 Feb 2020 04:57:52 GMT

Marriott's profit down 12%

Marriott International reported posted a 12% decline in quarterly profit partly affected by higher costs, adding that the coronavirus outbreak affected mainly its Asia Pacific region.

Thu, 27 Feb 2020 04:26:29 GMT

Microsoft: Windows unit's revenue to miss forecasts

Microsoft stated that its personal computing business Windows is unlikely to meet the Q3 revenue forecast due to the coronavirus outbreak.

Wed, 26 Feb 2020 22:20:05 GMT

Apple to open first store in India

Apple is set to open the company's first physical retail store in India in the year of 2021, Tim Cook, the Chief Executive, stated.

Wed, 26 Feb 2020 20:53:07 GMT

Nokia in search of strategic options

Telecom network equipment producer Nokia Oyj was examining strategic options and working with advisers to evaluate potential asset sales and mergers.

Wed, 26 Feb 2020 20:29:46 GMT

Walmart in talks on selling Asda stake

Walmart was in negotiations with likely buyers of its stake in the UK supermarket Asda, which the retailer failed to combine with Sainsbury's in 2019.

Wed, 26 Feb 2020 19:01:52 GMT

Sales of new homes in US reach 12-1/2-year high

Sales of new single-family homes in the US rose to the highest level in 12-1/2-years in January, indicating market strength, which could help to keep economic expansion on track.

Wed, 26 Feb 2020 17:58:04 GMT

Starbucks to sell Beyond Meat's sandwich in Canada

Starbucks announced its Canadian stores will sell Beyond Meat's plant-based sandwich next week, offering imitation meat product for the first time.

Wed, 26 Feb 2020 17:02:09 GMT

Blackstone to buy iQ for $6B

Goldman Sachs unit Wellcome Trust agreed to sell iQ, the UK student accommodation firm, to Blackstone for $6.06B.

Wed, 26 Feb 2020 16:27:43 GMT

UK Lloyds to axe 780 jobs

The UK biggest bank Lloyds announced plans to cut 780 positions within an ongoing cost-cutting at the lender, the union stated on Wednesday.

Wed, 26 Feb 2020 14:26:16 GMT

PSA's profits jump ahead of Fiat merger-deal

PSA Group reported its profitability reached new highs last year, though the Peugeot maker underscored a gloomy forecast for its car sales in the European market in 2020 ahead of the merger-deal with Fiat Chrysler.

Wed, 26 Feb 2020 12:55:54 GMT

SambaNova attracts $250M in BlackRock-led funding

SambaNova Systems, the AI computing firm, has raised $250M in the latest BlackRock-led funding round led, aiming at customer base expansion, SambaNova told Reuters.

Wed, 26 Feb 2020 11:45:50 GMT

Hyundai to pick location for hydrogen fuel-cell system plant

Hyundai Motor announced it was planning to make a decision over the location for its hydrogen fuel-cell system plant this year, adding it could be located in South Korea or even overseas.

Wed, 26 Feb 2020 10:47:04 GMT

Toyota comments on supply issues

On Wednesday, Toyota Motor Corporation stated that its operations in Japan could be affected by supply chain issues causes by the coronavirus.

Wed, 26 Feb 2020 09:35:38 GMT

Salesforce's co-CEO Keith Block resigns

Salesforce.com's Keith Block stepped down from his role as the co-CEO, leaving Marc Benioff the sole Chief Executive Officer, sending the business software firm shares down about 3%.

Wed, 26 Feb 2020 07:45:15 GMT

Walt Disney's Iger to resign as CEO

Walt Disney Co's Robert Iger is set to step down as the company's CEO and will be succeeded by Bob Chapek, the Disney Parks head, Disney announced on Tuesday.

Wed, 26 Feb 2020 07:37:39 GMT

Intuit to acquire Credit Karma in $7.1B deal

Intuit is set to acquire the privately-owned personal finance platform Credit Karma in the cash-and-stock deal worth around $7.1B, as Intuit seeks expansion into consumer finance.

Wed, 26 Feb 2020 06:03:19 GMT

EU predicts "very hard" talks on post-Brexit ties with Britain

On Tuesday, the European Union announced that negotiations with the United Kingdom on future ties would begin on March 3, but predicted that the talks would be difficult.

Wed, 26 Feb 2020 05:01:53 GMT

Citi and Goldman among other banks to avoid trips to Italy

Citigroup Inc, Credit Suisse and Goldman Sachs and other banks have avoided trips to Italy over coronavirus concerns.

Wed, 26 Feb 2020 04:22:46 GMT

Leaders of Ireland's main centre-right parties hold talks

Fianna Fail Party and Fine Gael Party, the two main centre-right parties in Ireland, held further post-election talks. The Irish Prime Minister Leo Varadkar said in a statement on Tuesday.

Wed, 26 Feb 2020 02:36:00 GMT

UK's exports to EU could decline by 14%

According to the United Nations Conference on Trade and Development study released on Tuesday, the UK exports to the EU could decline by 14% in the event of no-deal.

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