Business & Finance News
A flurry of initial public offerings (IPOs) in Hong Kong propelled the financial center to first place for IPO volumes globally, but next year is unlikely to see as many big-ticket listings.
Nike Inc’s quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market.
Global lenders including Citigroup and HSBC are stepping up efforts to sell day-to-day banking services to Asia’s fast-growing new technology firms, amid growing competition for more traditional transaction banking.
Campbell Soup Co named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits.
China plans to make a third round of U.S. soybean purchases within days, two sources familiar with the matter said on Thursday, after a trade war truce between Washington and Beijing this month triggered two waves of buying.
The U.S. Air Force will take its first delivery this month of the long-delayed KC-46 aerial refueling tanker made by Boeing Co , people familiar with the process said.
Campbell Soup Co on Thursday named former head of Pinnacle Foods Inc Mark Clouse as its new chief executive officer, effective Jan. 22, 2019.
Boeing Co and Sikorsky Aircraft, a unit of Lockheed Martin Corp , have been awarded a $1.1 billion U.S. defense contract for contractor support for MH-6, MH-47, and MH-60 aircraft, the Pentagon said on Thursday.
Lockheed Martin Corp has been awarded a $997 million U.S. defense contract for the upgrade of 84 F-16 aircraft to the V-configuration, the Pentagon said on Thursday.
Raytheon Co was awarded a $568 million defense contract for modifications to a Patriot missile defense system it is building as part of a foreign military sale to Sweden, the Pentagon said on Thursday.
Nissan Motor Co’s jailed ex-chairman, Carlos Ghosn, vowed to restore his good name in court after a month in detention, Japanese public broadcaster NHK said on Friday, quoting his lawyer.
Nike Inc’s quarterly revenue and profit beat Wall Street estimates on Thursday, as it benefited from selling more items online at full price in North America, sending the shares of the world’s largest footwear maker up 8 percent.
U.S. stocks slid on Thursday, with the Nasdaq on the cusp of confirming bear market territory, as the Federal Reserve’s plan to continue its balance sheet reduction and the threat of a partial government shutdown fueled investor anxieties.
Oleg Deripaska’s team, which secured the lifting of U.S. sanctions on the Russian tycoon’s aluminum and energy businesses, is also working to get them removed from his automaker GAZ , five sources close to the talks said.
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