Business & Finance News
A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
Roche , the world’s biggest producer of cancer drugs, is stepping up cost cuts in an efficiency drive made unavoidable by competition from cut-price copies of three mega-brands from its famed U.S. Genentech biotech stable.
The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled on Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, drug makers and a big swath of the U.S. economy.
Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein’s successor earlier in the year.
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.
U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down as much as 11 percent, as changes to the way it stocks merchandise on shelves kept some customers away from its stores, analysts said.
Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday launched Bezos Day One Fund, a new philanthropic initiative, with an initial commitment of $2 billion to help homeless families and create preschools for low-income communities.
Airbus named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz resigned nine months after being poached from Rolls-Royce to lead the battle for jet sales against Boeing.
Unions representing three of Ryanair’s Italy-based cabin crews said on Thursday they had reached an agreement in principle for a three-year collective labor agreement, according to a statement.
The U.S. Consumer Financial Protection Bureau has filed suit against Future Income Payments, a Nevada company that offers cash advances in exchange for future pension benefits, which the regulator said are actually exceptionally high-interest loans.
U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming.
Airbus Chief Commercial Officer Eric Schulz, recruited from engine maker Rolls-Royce nine months ago to oversee the battle for jetliner sales against Boeing, is expected to resign his position, three people familiar with the matter said.
The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
Signs of movement in the U.S.-China trade stand-off and a rate hike in emerging market trouble spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.
French carmaker PSA Group unveiled an SUV version of its DS3 upscale mini as it builds on a sales rebound underway at the eight-year-old premium DS brand.
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