Apple Chief Executive Officer Tim Cook is set to give a tour of the Texas factory to U.S. President Donald Trump later on Wednesday. The new $1 billion, 3-million-square-foot campus will initially house 5,000 employees, with the capacity to grow to 15,000, and is expected to open in 2022, Apple said. Apple currently employs about 7,000 employees in Austin. …read more […]
Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world’s biggest share sale.
Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America’s most powerful men.
New York City’s top pension official has called on three major U.S. utilities to name independent board chairs, pressuring them to “decarbonize” their operations by 2050 and underscoring how power companies have split on whether to set such goals. New York City Comptroller Scott Stringer, who oversees about $208 billion in retirement assets, recently filed shareholder resolutions at Southern Co, Duke Energy Corp and Dominion Energy Inc. The resolutions call for shareholder votes on whether to name independent individuals to chair boards currently led by the chief executive of each company. …read more […]
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.
South African Airways (SAA) is running out of cash and could be liquidated if the government doesn’t give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.
Swedbank’s chief executive Jens Henriksson vowed on Wednesday to “get to the bottom” of an alleged funds transfer from a Russian arms company, which Swedish public service broadcaster SVT said may have violated U.S sanctions.
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.
Royal Dutch Shell’s gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7% less than men.
Target’s third quarter earnings are out. Here’s the analysis you need to know. …read more […]
Swedbank CEO Jens Henriksson pledged to “get to the bottom” of an alleged transfer of funds from a Russian arms company which Swedish broadcaster SVT on Wednesday said may have violated U.S sanctions against Russia.
Lowe’s Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain faced intense competition from Home Depot Inc .
Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.
Dutch technology company Prosus NV on Wednesday urged shareholders of Britain’s Just Eat PLC to accept its unsolicited 4.9 billion pound ($6.3 billion) cash bid for the company by Dec. 10, and spurn an alternative offer as too risky.
Loss-making Norwegian Air has appointed a new chief executive to take charge of the budget carrier’s ongoing restructuring, the board said on Wednesday.
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