Business & Finance News
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 looks to trim costs and battle competition.
U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s sharp selloff.
U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s brutal selloff.
Starbucks Corp said on Thursday it would license out its operations in France, Netherlands, Belgium and Luxembourg to long-standing partner Mexico’s Alsea SAB .
Primark, the fashion chain owned by Associated British Foods , has emphasized its commitment to environmental standards and safer working conditions as it fights for market share in discount-loving Germany and other countries.
Nestle and Unilever , two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products.
Blackstone Group LP , the world’s largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in third-quarter earnings on Thursday, as climbing equity markets buoyed its holdings.
Philip Morris International , maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device.
Mobile telecom gear maker Ericsson said on Thursday that it has dismissed 50 people over a U.S. corruption probe it warned could lead to a financial penalty.
U.S. stock futures fell on Thursday after the Federal Reserve’s minutes showed policy makers broadly agreed on the need to raise interest rates further, fanning concerns that triggered a brutal selloff last week.
The dollar held near a one-week high on Thursday and stocks were mixed after minutes showing the Federal Reserve may favor more rate hikes next year.
Philip Morris International , maker of Marlboro cigarettes among others, reported higher quarterly sales and profit on Thursday, helped by growth of its IQOS tobacco-heating device.
The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as authorities move to seize idle land in the world’s largest gambling hub.
Air France KLM shares rose on Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week.
Europe has talked long enough about whether to make internet giants like Google , Apple and Facebook pay more taxes and it is time for a decision, French Finance Minister Bruno Le Maire said on Thursday.
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