Business & Finance News
The story headlined ‘China’s Zhoushan city woos Exxon Mobil for a $7 bln ethylene plant’ is withdrawn. The provincial government has withdrawn its original statement issued on Wednesday because it was not factually correct, an official told Reuters. There will be no replacement story.
Chinese carmaker Geely Automobile Holdings Ltd , long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping.
Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing costs further.
Facebook Inc has tentatively concluded that spammers looking to make money, and not a nation-state, were behind the largest-ever data theft at the social media company, the Wall Street Journal reported on Wednesday.
Facebook Inc has tentatively concluded that a recent hack that affected millions of accounts was perpetrated by spammers, and not a nation-state, the Wall Street Journal reported on Wednesday, citing sources.
In the middle of a Sino-U.S. trade war, the world’s largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs.
Australian landlord Investa Office Fund (IOF) said on Thursday it had been advised by Blackstone Group LP that the private equity giant would not match Canada’s Oxford Properties Group’s A$5.60 per share takeover bid.
Top U.S. aluminum producer Alcoa Corp reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices.
Constellation Brands Inc’s Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry.
Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers.
Electric carmaker Tesla Inc has seen a flurry of senior executives leave the company in recent months.
Northrop Grumman Corp has been awarded a $697 million U.S. defense contract for upgrades to the EA-18G Growler and EA-6B Prowler electronic warfare aircraft for the U.S. Navy and the government of Australia, the Pentagon said on Wednesday.
The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers.
Music streaming service Spotify said on Wednesday it had taken a stake in DistroKid, a distribution service that allows recording artists to upload music across online stores and streaming platforms including Spotify’s biggest rival, Apple Music.
Corona beer maker Constellation Brands said on Wednesday its Chief Executive Officer Rob Sands will step down in March and be replaced by the company’s President Bill Newlands.
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