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Home2019

Year: 2019

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Business News

Taco Bell’s first Thailand outlet to serve spicy fare and local beer

January 22, 2019 admin Comments Off on Taco Bell’s first Thailand outlet to serve spicy fare and local beer

U.S. fast food giant Taco Bell is opening its first outlet in Thailand, continuing the Yum! Brands chain’s Asia expansion, offering adapted menu items and local beer.

…read more […]

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Business News

Renault convenes board to turn page on Ghosn era

January 22, 2019 admin Comments Off on Renault convenes board to turn page on Ghosn era

Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn’s arrest in Japan for alleged financial misconduct.

…read more […]

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Business News

Britain’s P&O re-flagging its UK ships to Cyprus ahead of Brexit

January 22, 2019 admin Comments Off on Britain’s P&O re-flagging its UK ships to Cyprus ahead of Brexit

British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britain’s departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday.

…read more […]

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Business News

Elliott urges eBay to restructure business to double market value

January 22, 2019 admin Comments Off on Elliott urges eBay to restructure business to double market value

EBay Inc shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses to double its market value in the next two years.

…read more […]

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Brazil investor group to file lawsuit against Boeing-Embraer deal

January 22, 2019 admin Comments Off on Brazil investor group to file lawsuit against Boeing-Embraer deal

Brazilian investors’ association Abradin said it would file a lawsuit claiming a proposed tie-up between U.S. planemaker Boeing Co and Embraer SA should come with a public tender offer, escalating its fight against the proposed deal.

…read more […]

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Huawei to seek swift resolution for detained executive

January 22, 2019 admin Comments Off on Huawei to seek swift resolution for detained executive

China’s Huawei Technologies will call for a quick resolution of the case regarding its detained executive in Canada who is accused of violating U.S. sanctions on Iran, the company’s chairman, Liang Hua, said on Tuesday.

…read more […]

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Barclays weighs 280 redundancies, relocations at Leeds call center

January 22, 2019 admin Comments Off on Barclays weighs 280 redundancies, relocations at Leeds call center

British bank Barclays has warned nearly 300 staff they could face redundancy or relocation from its Millshaw Court call center in Leeds, northern England, following unspecified “changes to its business”.

…read more […]

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Halliburton profit beats on international demand, North America lags

January 22, 2019 admin Comments Off on Halliburton profit beats on international demand, North America lags

Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America.

…read more […]

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Huawei chairman says foreign officials welcome to see its labs

January 22, 2019 admin Comments Off on Huawei chairman says foreign officials welcome to see its labs

Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms equipment could be used for espionage.

…read more […]

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Oil drops nearly 2 percent as China slowdown bites

January 22, 2019 admin Comments Off on Oil drops nearly 2 percent as China slowdown bites

Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand.

…read more […]

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Johnson & Johnson 2019 revenue forecast misses expectations

January 22, 2019 admin Comments Off on Johnson & Johnson 2019 revenue forecast misses expectations

Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates after reporting better-than- expected fourth-quarter profit and revenue.

…read more […]

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Johnson & Johnson quarterly sales beat expectations

January 22, 2019 admin Comments Off on Johnson & Johnson quarterly sales beat expectations

Johnson & Johnson reported better-than-expected fourth-quarter revenue on Tuesday, helped by strong demand for its drugs to treat cancer and psoriasis.

…read more […]

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Halliburton posts fourth-quarter profit compared with year-ago loss

January 22, 2019 admin Comments Off on Halliburton posts fourth-quarter profit compared with year-ago loss

Oilfield services provider Halliburton Co reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes.

…read more […]

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Business News

Mastercard: EU fine of 570 million euros to be taken as charge in the fourth quarter of 2018

January 22, 2019 admin Comments Off on Mastercard: EU fine of 570 million euros to be taken as charge in the fourth quarter of 2018

Mastercard said on Tuesday that an EU antitrust fine of 570.6 million euros ($648.3 million) would be taken as a charge in the fourth quarter of 2018, calling the closure of the case an important milestone for the company.

…read more […]

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Verdi union speaks out against any Deutsche Bank, Commerzbank merger

January 22, 2019 admin Comments Off on Verdi union speaks out against any Deutsche Bank, Commerzbank merger

Germany’s Verdi labor union on Tuesday voiced concern over any possible merger between Germany’s largest banks – Deutsche Bank and Commerzbank .

…read more […]

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