Business & Finance News
Facebook Inc’s operations chief Sheryl Sandberg said on Wednesday that the world’s largest social network needed to win back public trust after facing scandals for violating its users’ privacy.
Tesla Inc is reducing production hours for its higher priced electric cars Model S and Model X to improve efficiencies, a Tesla spokesperson said on Wednesday.
Comcast Corp beat Wall Street profit and revenue estimates on Wednesday as its high-speed internet business grew and it lost fewer cable subscribers than expected.
Facebook’s operations chief said the world’s largest social network needed to earn back public trust and was investing billions of dollars a year to improve the security of its network.
Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.
Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, said on Wednesday it named business veteran Patricia Barbizet to the newly created role of Lead Independent director to further improve its governance.
General Electric , which bought Alstom’s energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of falling orders worldwide, unions said on Wednesday.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble.
Procter & Gamble Co said on Wednesday that it had not seen signs of an economic recession and raised its full-year organic sales forecast, emboldened by price hikes and strong demand for premium fabric and skin care products.
Lawyers for Fiat Chrysler diesel owners have asked a U.S. judge to approve up to $106.5 million in legal fees and out-of-pocket costs for a settlement over excess vehicle emissions.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble.
A top executive from Huawei Technologies Co Ltd being held in Canada can make “strong arguments” against extradition to the United States, in part due to remarks made by U.S. President Donald Trump, Canada’s ambassador to China said.
United Technologies Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate’s shares higher.
From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way.
German utility EnBW could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said.
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