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Home2019April

Month: April 2019

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Business News

Google lets Android users choose browsers to ease EU antitrust concerns

April 18, 2019 admin Comments Off on Google lets Android users choose browsers to ease EU antitrust concerns

Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions.

…read more […]

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Business News

Honeywell beats profit estimates, raises full-year forecast

April 18, 2019 admin Comments Off on Honeywell beats profit estimates, raises full-year forecast

Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the commercial airline industry.

…read more […]

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Business News

Honeywell assessing its role in Boeing’s next aircraft launch: CFO

April 18, 2019 admin Comments Off on Honeywell assessing its role in Boeing’s next aircraft launch: CFO

Honeywell International Inc is evaluating the revenue potential from supplying parts to Boeing’s next major aircraft program, which is likely to be finalized by late 2019 or early next year, Chief Financial Officer Greg Lewis told Reuters.

…read more […]

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Business News

‘Can’t sleep at night’: Despair over jobs as India’s Jet Airways grounded

April 18, 2019 admin Comments Off on ‘Can’t sleep at night’: Despair over jobs as India’s Jet Airways grounded

Bhoja Poojari has handled baggage for India’s Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis.

…read more […]

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Business News

Oil prices slip, but supply cuts support

April 18, 2019 admin Comments Off on Oil prices slip, but supply cuts support

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses.

…read more […]

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Business News

Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin

April 18, 2019 admin Comments Off on Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin

Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday.

…read more […]

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Business News

Grounded Jet Airways’ shares sink, rivals race to grab airport slots

April 18, 2019 admin Comments Off on Grounded Jet Airways’ shares sink, rivals race to grab airport slots

Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival’s demise.

…read more […]

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Business News

Stocks erase week’s gains after weak manufacturing surveys

April 18, 2019 admin Comments Off on Stocks erase week’s gains after weak manufacturing surveys

Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend.

…read more […]

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Business News

U.S. antitrust scrutiny tests T-Mobile’s $26 billion bet on Sprint

April 18, 2019 admin Comments Off on U.S. antitrust scrutiny tests T-Mobile’s $26 billion bet on Sprint

T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.

…read more […]

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Business News

Sino-U.S. trade deal negotiation makes new progress: China’s commerce ministry

April 18, 2019 admin Comments Off on Sino-U.S. trade deal negotiation makes new progress: China’s commerce ministry

There has been new progress in negotiating the text of a Sino-U.S. trade deal, but work remains to be done, China’s commerce ministry spokesman, Gao Feng, told a regular news briefing on Thursday.

…read more […]

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Business News

Oil prices slip, but ongoing supply cuts support

April 18, 2019 admin Comments Off on Oil prices slip, but ongoing supply cuts support

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing OPEC-led supply cuts.

…read more […]

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Business News

Pernod CEO: in regular and ‘courteous’ talks with Elliott

April 18, 2019 admin Comments Off on Pernod CEO: in regular and ‘courteous’ talks with Elliott

Drinks group Pernod Ricard is having regular and “courteous” talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters.

…read more […]

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Business News

Nestle upbeat after U.S. and China boost first-quarter growth

April 18, 2019 admin Comments Off on Nestle upbeat after U.S. and China boost first-quarter growth

Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year.

…read more […]

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Business News

Unilever first-quarter sales top expectations

April 18, 2019 admin Comments Off on Unilever first-quarter sales top expectations

Consumer goods giant Unilever reported stronger than expected quarterly underlying sales growth on Thursday, helped by higher prices and volume and strength in emerging markets.

…read more […]

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Business News

Grounded Jet Airways’ shares sink, rivals rush to grab market share

April 18, 2019 admin Comments Off on Grounded Jet Airways’ shares sink, rivals rush to grab market share

Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival’s demise.

…read more […]

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