Business & Finance News
T-Mobile US and Sprint Corp have received approval from the Committee on Foreign Investment in the United States (CFIUS) for their proposed merger, the companies said on Monday.
Asian share markets slumped on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year.
Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply.
Qualcomm Inc said it believes Apple Inc remains in violation of a Chinese court’s orders to stop selling iPhones despite a software update that Apple pushed on Monday.
U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply.
Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year.
Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter.
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.
When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea’s top automaker if it failed to embrace emerging technologies.
CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows.
CBS Corp said on Monday it will not pay Leslie Moonves a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
Renault and Nissan executives will gather on Tuesday for a board meeting of their car making alliance, two sources said, amid tensions over the future of the partnership in the wake of Chairman Carlos Ghosn’s arrest last month.
Johnson & Johnson announced a stock repurchase of up to $5 billion on Monday, following Friday’s Reuters report that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos, which wiped off about $40 billion from the company’s market capitalization.
Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns of slowing economic growth ahead of a highly-anticipated decision from the Federal Reserve this week on the course of interest-rate hikes.
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