Articles by admin

EBay Inc said on Wednesday Chief Executive Officer Devin Wenig has stepped down and the e-commerce company named its finance head Scott Schenkel as interim CEO.

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An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria’s AMS .

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U.S. stock indexes were set to open flat on Wednesday as a move to launch an impeachment inquiry into President Donald Trump unnerved investors, but a jump in shares of Nike and tobacco companies helped dispel some gloom.

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Nike Inc’s online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday after a strong set of quarterly results.

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Boeing Co’s board of directors said on Wednesday it created a new permanent safety committee to oversee development, manufacturing and operation of its aircraft and services in the aftermath of two fatal 737 MAX crashes.

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German authorities have been in the process of seeking information at Deutsche Bank’s Frankfurt headquarters since Tuesday in relation to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.

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Alphabet Inc’s Google will stop showing news snippets from European publishers on search results for its French users, complying with a new European copyright law, the company said on Wednesday.

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U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of uncertainty, with forecast-beating results from Nike Inc helping dispel some gloom.

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Thomas Cook’s Polish business Neckermann Polska said on Wednesday it was insolvent as the effects of the demise of the world’s oldest travel firm spread to central Europe, leaving around 3,600 Polish tourists stuck abroad.

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German auto and defense supplier Rheinmetall and engineering group Voith are vying for transmissions maker Renk, which Volkswagen has put up for sale to free up funds for investment in electric vehicles, people close to the matter said.

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Best Buy Co Inc is aiming to rake in revenue of $50 billion in 2025 as it adds new products and bolsters investments as part of the second phase of its growth plan, the biggest U.S. consumer electronics retailer said on Wednesday.

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The collapse of British travel operator Thomas Cook left hundreds of thousands of holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home.

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Nintendo Co Ltd’s hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users initially complaining server overload meant they were unable to play the game – seen as a major test of the Kyoto-based company’s mobile ambitions.

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A former head of Danske Bank’s Estonian branch, who was a witness in an investigation into alleged money laundering, has been found dead by police in Estonia.

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Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million.

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