France’s Total is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.
U.S. stock index futures rose on Friday, lifted by a handful of positive earnings reports, while investors kept a close watch on retail sales data and assessed the economic fallout of the coronavirus outbreak.
SmileDirectClub returns fire to NBC News. …read more […]
Tesco , Britain’s biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country’s competition regulator said on Friday.
(Bloomberg) — Canopy Growth Corp. jumped 20% in pre-market trading after the world’s largest cannabis company by market value reported quarterly results that beat expectations across the board.Canopy reported a 62% quarter-over-quarter jump in net revenue to C$123.8 million, which was well ahead of the consensus estimate of C$105.4 million. Cannabis gross revenue rose 8%, and Canopy said it took top market share in the quarter ended Dec. 31, capturing 22% of Canada’s recreational pot sales.Its adjusted Ebitda loss of C$91.7 million was C$64 million narrower than the previous quarter, and beat the average analyst estimate of a C$110 million …read more […]
Google on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount.
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.
The United States is looking to develop a partnership with the telecoms industry to provide alternatives to China’s Huawei Technologies, a senior White House official said on Friday.
Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW’s diesel cars, had failed.
Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a “debacle” that caused the firm “outsized headaches and disappointments” and left it holding shares worth just a fraction of their original value.
Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company’s carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.
Top news and what to watch in the markets on Friday, February 14, 2020. …read more […]
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.
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