Business & Finance News
Ericsson said it was working with mobile companies in Britain and Japan to restore full service to millions of customers hit by outages caused by a software glitch in the Swedish company’s equipment.
Mobile network equipment group Ericsson said on Thursday it had identified an issue in certain nodes in the core network resulting in network disturbances for some customers.
Daimler said a proposed deal to combine its mobility services company with that of rival BMW will not close this year, forcing the carmaker to lower the outlook for its financial services division.
Italian baker and pasta maker Barilla said it would launch in January a chocolate and hazelnut spread named after its signature ‘Pan di Stelle’ biscuits – in a challenge to market leader Nutella.
OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day.
The Federal Reserve has rejected Wells Fargo & Co’s plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions.
OPEC tentatively agreed to an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
U.S. stocks tumbled on Thursday, erasing this year’s slim gains in the S&P 500 and the Dow Jones Industrial Average, as the arrest of a top Huawei executive sparked fears of a flare-up in Sino-U.S. tensions, while weak oil prices added more pressure.
Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Sears Holdings Corp Chairman Eddie Lampert’s ESL Partners LP has submitted a bid valued at $4.6 billion to buy the bankrupt retailer, the hedge fund said on Thursday.
Deutsche Bank will not raise provisions in connection with an investigation into separate money laundering investigations related to the Panama Papers and Danske Bank , a source with direct knowledge of the matter said.
The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective.
Indonesia’s Lion Air is considering cancelling orders for Boeing Co 737 MAX jets following a crash that killed 189 people in October but has not yet made a decision, the airline’s CEO Edward Sirait said on Thursday.
Sears Holdings Corp Chairman Eddie Lampert’s ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday.
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