Business News
Britain’s M&S to cut 351 store jobs
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.
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Things Could Get Even Worse for Ford in China
Ford investors have endured a rough year in the country — and unfortunately, business could get worse before it gets better. Here’s why. …read more […]
Business News
Bank of America profit beats on consumer loan growth, lower expenses
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
Business News
Uber faces investigation over alleged gender discrimination: WSJ
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Business News
Moment of truth for Google as record EU antitrust fine looms
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
Business News
Fox shares drop as prospects of new Comcast bid fade
Twenty-First Century Fox Inc shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp for most of Fox’s assets as meaning its bidding war with Walt Disney Co for them is likely over.
Business News
Strong U.S. retail sales brighten economic outlook
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Trading Ideas
Elon Musk Can’t Take His Own Advice and Tesla Falls Again
Elon Musk can’t follow his own advice. Controversial outbursts are neither new nor unusual for Musk, who frequently spars with critics and investors betting against his company. After Tesla shares fell 22 percent in March — the steepest monthly drop in more than seven years — Musk jokingly tweeted on April Fools’ Day that the company had gone bankrupt. …read more […]
Business News
What’s not to like? Boeing, Embraer defend planned deal
Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets.
Business News
Weak oil prices offset Bank of America-led earnings optimism
U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season.
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Apple Loses Key Executives as Strategy in India Falters
Apple Inc. is facing more challenges in the world’s fastest-growing major smartphone market. The iPhone maker has lost a trio of pivotal executives in India in recent weeks as it struggles to boost iPhone sales there, people familiar with the matter say. Among the executives who’ve departed are its national sales and distribution chief, the head of its commercial channels and mid-market business, and the head of telecom carrier sales, said the people, who asked not to be identified discussing internal matters. …read more […]
Business News
Wall Street opens flat as weak oil prices offset earnings enthusiasm
U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
Business News
Jetmakers see brisk start to air show as UK tries to soothe Brexit worries
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
Business News
Boeing says Goshawk Aviation Limited orders 20 737 max 8 jetliners
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
Business News
Amazon workers strike in Germany, joining action in Spain and Poland
Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.