Business & Finance News
Arm Holdings, the semiconductor technology firm owned by Softbank Group Corp, still plans to return to the public markets by 2023, its chief executive said on Tuesday.
Economies around the world have failed to boost productivity levels despite $10 trillion of central bank stimulus unleashed since the global financial crisis of a decade ago, according to the Geneva-based World Economic Forum (WEF) think tank.
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
The chairman of the French carmaker Renault will propose to its board of directors to find a successor to current Chief Executive Thierry Bollore, business daily Le Figaro reported on Tuesday, citing sources.
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand.
Power provider PG&E Corp’s unit said on Tuesday it would cut off power for nearly 800,000 customers across northern and central California to reduce wildfire risk following severe wind warnings.
The United States said on Tuesday it had imposed visa restrictions on Chinese officials for the detention or abuse of Muslim minorities, heightening tensions with Beijing and casting a pall over high-level talks to end a 15-month trade war.
Goldman Sachs Group Inc said on Tuesday it is reviewing its involvement in Megvii Technology Ltd’s planned initial public offering (IPO) in light of U.S. action against the Chinese artificial intelligence firm.
U.S. stocks ended down sharply and near the day’s lows on Tuesday as news that the United States has imposed visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell suggesting openness to further interest rate cuts.
The prolonged strike at General Motors Co is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.
U.S. stocks ended down sharply on Tuesday as news that the United States was imposing visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell that pointed to openness to further rate cuts.
Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue.
A New York state appeals court on Tuesday refused to toss out a former Goldman Sachs Group Inc computer programmer’s theft conviction, rejecting his claim that he was wrongly prosecuted twice for the same conduct.
Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed’s asset holdings to begin to expand again “is now upon us” in order to ensure money markets function smoothly.
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