Business News
Denmark’s Maersk to lay off staff as part of cost cuts
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.
Year: 2019
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Bitcoin Eyes $7,800 After Biggest Daily Price Gain in a Month
Bitcoin’s price recovery is gathering steam and $7,800 could be the next stop for the bulls. …read more […]
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Russia's Sberbank agrees venture with driverless technology firm
Russia’s largest lender, Sberbank , has added driverless cars to its list of technology ventures, by teaming up with AI transport developer Cognitive Technologies, the two companies said on Thursday. Sberbank and Cognitive Technologies have signed a legally binding document to create a new company, Cognitive Pilot, they said in a statement. Sberbank will have a 30% share in the company, while Cognitive Technologies will take 70%. …read more […]
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Earnings Miss: Cracker Barrel Old Country Store, Inc. Missed EPS By 9.2% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) released its first-quarter… …read more […]
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Is There Now An Opportunity In The Boeing Company (NYSE:BA)?
The Boeing Company (NYSE:BA) saw a decent share price growth in the teens level on the NYSE over the last few months… …read more […]
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Box, Inc. Just Released Its Third-Quarter And Analysts Have Been Updating Their Estimates
Shareholders of Box, Inc. (NYSE:BOX) will be pleased this week, given that the stock price is up 17% to US$18.62… …read more […]
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Should You Investigate A. O. Smith Corporation (NYSE:AOS) At US$48.74?
A. O. Smith Corporation (NYSE:AOS), which is in the building business, and is based in United States, received a lot… …read more […]
Business News
Amazon does not infringe Coty’s trade mark rights, says EU court adviser
Amazon does not breach trade mark rights when it stocks and transports goods for third-party sellers, an adviser to Europe’s top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty.
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Best Buy Co., Inc. Just Recorded A 7.2% EPS Beat: Here's What Analysts Are Forecasting Next
It’s been a pretty great week for Best Buy Co., Inc. (NYSE:BBY) shareholders, with its shares surging 12% to US$80.74… …read more […]
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Agilent Technologies, Inc. Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
Investors in Agilent Technologies, Inc. (NYSE:A) had a good week, as its shares rose 3.6% to close at US$81.08… …read more […]
Business News
Labour talks with Lufthansa end without results: cabin crew union
Cabin crew union UFO on Thursday said that wage talks it held with Lufthansa ended without results, adding that it would now prepare for industrial action at the German carrier.
Business News
Nissan to roll out high-tech production system amid pressure to cut costs
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability.
Business News
Oil falls as U.S. rights bill fuels tensions with China
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.
Business News
World stocks stall as U.S.-China tensions flare again
A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a U.S. bill backing Hong Kong’s protesters became law, provoking China’s ire and threatening to derail an interim trade deal between Washington and Beijing.
Business News
Factbox: India’s telecom sector on the ropes after $13 billion levy ruling
India’s telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt.