Business & Finance News
Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.
American Express Co’s third-quarter profit rose 21.7 percent, as a strengthening U.S. economy powered higher credit-card spending.
Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday.
Four industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block Vermont’s state law barring companies that do not abide by net neutrality rules from receiving state contracts.
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia.
U.S. consumer goods maker Colgate-Palmolive Co has halted production at its detergent and dish soap plant in Venezuela because it lacked cardboard boxes to ship products, a union leader said on Thursday.
Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.
French retailer Casino , which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter.
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.
Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy’s budget concerns and a widening gap between the United States and Saudi Arabia.
Volkswagen’s Porsche sports car brand is confident it can repeat last year’s record sales in 2018, the division’s chief executive told Reuters.
U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes.
French tire maker Michelin cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle demand and new emissions standards that have hit European registrations.
Starbucks Corp said on Thursday it would give its longtime partner Mexico’s Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled.
The National Highway Traffic Safety Administration (NHTSA) said Thursday it had opened a preliminary investigation into 54,400 Ford Motor Co pickup trucks after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion.
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