News

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Sat, 25 Jan 2020 07:59:44 GMT

Walmart testing higher starting wage for certain workers

Walmart's spokesperson Jami Lamontagne said on Friday that the company would be testing a higher minimum wage of $12 an hour for some employees.

Sat, 25 Jan 2020 07:05:20 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

Sat, 25 Jan 2020 05:42:54 GMT

European Commission asks ECJ to freeze new Polish law

On Friday, the European Commission has filed an application before the European Court of Justice, asking the court to suspend Poland's law, set up to discipline judges.

Sat, 25 Jan 2020 05:37:52 GMT

Angola could ask Portugal to Freeze dos Santos' assets

On Friday, Helder Pitta Gros, Angola's prosecutor, said that Angola may request Portugal's government to confiscate assets belonging to Isabel dos Santos, the daughter of Angola's former President.

Sat, 25 Jan 2020 04:09:10 GMT

Intel shares hit highest level in nearly two decades

On Friday, shares of Intel Corp reached its highest level in almost two decades, as the demand for cloud computing lifted Intel's data center business.

Sat, 25 Jan 2020 03:04:56 GMT

Boeing planning to cut 787 Dreamliner production

According to people with knowledge of the matter, Boeing is thinking to cut production of its 787 Dreamliner to 10 aircraft a month, amid a shortage of orders from China.

Fri, 24 Jan 2020 21:04:52 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

Fri, 24 Jan 2020 19:56:58 GMT

Crude oil prices decline more than 2%

On Friday, crude oil prices edged lower by more than 2%. Brent crude futures were down by 2.3%, at $60.62 at 11:49 EST.

Fri, 24 Jan 2020 19:07:30 GMT

European shares edge higher on Friday

On Friday, European stocks edged higher, as the Purchasing Managers Index (PMI) came in slightly better-than-expected. The Pan-European STOXX 600 climbed 0.9%.

Fri, 24 Jan 2020 17:45:54 GMT

Italy's Poste sets aside €200M for tech partnerships

Poste Italiane set aside €200M for tech partnership deals agreements, while four agreement have been already signed.

Fri, 24 Jan 2020 16:57:00 GMT

Siemens buys Indian C&S Electric in $296M deal

Siemens bought Indian electrical equipment producer C&S Electric in a $296.21M deal, the German industrial group announced on Friday.

Fri, 24 Jan 2020 15:41:44 GMT

Canada's retail sales increase 0.9%

Canada's retail sales grew more-than-expected 0.9% in November, offsetting the prior month's decline, amid higher sales of motor vehicles and food and beverage.

Fri, 24 Jan 2020 14:44:23 GMT

Daimler to manufacture 50K Mercedes EQC models in 2020

Daimler is planning to build 50K of Mercedes EQC electric vehicles in 2020, dispelling doubts of Manager Magazin that claimed the carmaker was forced to cut the 2020 production targets amid battery supply problems.

Fri, 24 Jan 2020 14:08:04 GMT

Italy's Poste rolls out new payment technology

Poste Italiane is rolling out its new Codice PostePay payment technology based on QR codes, which allows customers to pay for services only by using their mobile phone, as the ex-monopolist aims to lure more clients among small businesses in Italy.

Fri, 24 Jan 2020 13:36:18 GMT

AmEx Q4 profit tops analysts' forecasts

On Friday, American Express, the credit card issuer, reported its fourth-quarter profit had topped analysts' estimates on strong holiday season spending in the United States.

Fri, 24 Jan 2020 12:33:22 GMT

Poland's LOT to acquire German carrier Condor

LOT, the Polish airline, is acquiring Germany's carrier Condor, previously owned by Thomas Cook; however, the financial details had not been revealed yet, Reuters reported on Friday.

Fri, 24 Jan 2020 10:55:08 GMT

ECB's Klaas Knot comments on inflation

On Friday, the ECB Board Member Klaas Knot announced that the central bank should clarify its annual inflation target so that it is the same in each Eurozone country.

Fri, 24 Jan 2020 09:53:25 GMT

Nestle ties up with Canada plant-based ingredients makers

The food group Nestle tied up with Burcon and Merit, Canada's plant-based food ingredient producers, to accelerate innovation in the rapid-growing business industry, the company announced on Friday.

Fri, 24 Jan 2020 08:41:49 GMT

Ericsson Q4 core profit hit by US business slowdown

On Friday, Ericsson, Sweden's telecoms equipment group, reported weaker-than-expected Q4 core earnings, hit by higher costs and a slump in its US business.

Fri, 24 Jan 2020 07:49:51 GMT

Uber to roll out autonomous cars in Washington

Uber Technologies is set to put its self-driving cars with humans in control on the roads of Washington on Friday, seeking to collect data for further deployment of fully autonomous vehicles.

Fri, 24 Jan 2020 06:40:19 GMT

Colgate to acquire US vegan toothpaste maker

Colgate-Palmolive announced it would acquire Hello Products, the animal cruelty-free and eco-friendly toothpaste maker, as the company seeks expansion in the industry aimed at environmentally conscious consumers.

Fri, 24 Jan 2020 05:44:26 GMT

Intel expects 2020 revenue to top forecasts

Intel Corp is expecting its 2020 profit and revenue to beat analysts' forecasts, as demand for the company's chips and cloud computing is starting to recover, Intel's CFO George Davis said.

Fri, 24 Jan 2020 05:01:40 GMT

Tesla becomes world's new second most valuable automaker

Tesla Inc overtook Germany's Volkswagen as the second most valuable automaker in the world behind Japan's Toyota, on the meteoric surge in the US electric vehicle manufacturer's shares that reshuffled the global market.

Fri, 24 Jan 2020 03:54:01 GMT

Broadcom plans supplying wireless components to Apple

The chipmaker Broadcom announced the two multi-year agreements signed with Apple Inc to supply wireless components used in the tech giant's products, sending Broadcom's shares up 2% on the news.

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