Business & Finance News
Rising costs for companies are worrying investors already concerned about a step down in U.S. corporate profit growth next year as Wall Street’s focus turns away from 2018’s tax-fueled earnings boost.
Delta Air Lines reported a third-quarter profit that beat analysts’ estimates on Thursday as a strengthening U.S. economy spurred demand for air travel, helping the airline raise ticket prices.
Taiwan’s Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates.
International Monetary Fund Managing Director Christine Lagarde said she “would not associate” Federal Reserve Chairman Jerome Powell “with craziness” after U.S. President Donald Trump commented that the central bank, which has been raising U.S. interest rates, had “gone crazy,” CNBC reported on Thursday.
Britain’s competition watchdog will investigate a partnership between British Airways and other airlines on transatlantic routes ahead of the 2020 expiry of a previous deal, the regulator said on Thursday.
The U.S. Securities and Exchange Commission, Tesla Inc and Chief Executive Officer Elon Musk submitted a joint filing late on Wednesday in support of a settlement, saying the terms were in the best interest of investors.
Apple Inc is buying the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company’s role as a supplier to the U.S. tech giant.
European stocks slumped to a more than an 18-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that knocked over Asia too.
Germany’s BMW said it will take control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
China’s top auto dealers’ association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country’s auto market could shrink this year for the first time in decades.
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
Ministers from Chancellor Angela Merkel’s conservatives attacked on Thursday a proposal by the Social Democrats to fine carmakers who fail to offer diesel hardware retrofits, opening a new battle front in their fragile coalition government.
Britain’s Competition and Markets Authority (CMA) said it would investigate British Airways’ revenue-sharing partnership on trans-Atlantic routes ahead of the 2020 expiry of a previous competition deal agreed with the airlines.
Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc’s business in a $600 million deal, the two companies said Thursday, expanding the iPhone maker’s chip operations in Europe.
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