Business & Finance News
Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.
Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
Canada’s Bombardier Inc cut its full-year profit and revenue forecasts on Thursday due to delivery delays and production challenges at some projects of its key railcar-making unit, and shares sank 25 percent in early trading before paring some of those losses.
Microsoft Corp’s market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations.
Former Nissan Chairman Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, freed on $4.5 million bail after agreeing to curbs on contacting his wife as he awaits trial on financial misconduct charges.
The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, adding he expects an alternative deal to be struck with another European rival.
U.S. stocks slid on Thursday, weighed down by dismal reports from industrial companies including 3M, however strong earnings from Facebook and Microsoft, which hit the trillion-dollar valuation mark, kept the tech-heavy Nasdaq afloat.
Facebook Inc committed serious contraventions of Canadian privacy law and failed to take responsibility for protecting the personal information of citizens, Canada’s federal privacy commissioner said on Thursday.
Two drugmakers will pay nearly $125 million to settle claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their medications, the U.S. Justice Department said on Thursday.
A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday.
Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
Canada’s Bombardier Inc cut its full-year profit and revenue forecasts on Thursday, as its key railcar-making unit wrestled with delivery delays and manufacturing challenges relating to a few large projects, sending its shares plummeting more than 18 percent in early trading.
German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands.
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter.
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to ground its 34 Boeing 737 MAX jets.
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