Business & Finance News
Drug store chain Rite Aid Corp and U.S. grocer Albertsons Companies Inc agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal.
Asian shares were subdued on Thursday after a new round of tit-for-tat tariffs in the U.S.-Sino trade conflict torpedoed oil prices, while the Russian rouble tumbled as the U.S. slapped fresh sanctions on the country.
Mazda Motor Corp and Suzuki Motor Corp conducted improper fuel economy and emissions tests on their vehicles, the latest in a series of compliance scandals in Japan’s auto sector, the Nikkei business daily reported.
Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods, and warned Beijing had all the necessary means to fight back.
China’s state broadcaster CCTV said on Thursday China must counteract tariffs implemented by the United States and that Beijing had the confidence to protect its own interests as well as the means to do so.
A video of 95-year-old Sumner Redstone, the patriarch of the family that owns the voting majority of CBS Corp , can be reviewed in the U.S. broadcast and media company’s legal battle against the family, a Delaware judge ruled on Wednesday.
Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie “Deadpool 2” and as the company’s cable unit earned higher fees from distributors.
Roku Inc on Wednesday topped Wall Street estimates for quarterly revenue as its strategy to focus on its ad-supported platform paid off, with more viewers spending longer hours streaming content.
Iran’s utmost authority Supreme Leader Ayatollah Ali Khamenei said the Islamic Republic had nothing to be concerned about, a report on his official website said on Wednesday, as the country’s clerical leadership faces biting U.S. sanctions.
U.S. regulators are asking Tesla Inc why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday.
Roku Inc topped Wall Street estimates for quarterly revenue on Wednesday as the company added more subscribers to its ad-supported platform, sending its shares up nearly 9 percent.
The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check.
Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street estimates on Wednesday, as the Rupert Murdoch-controlled media company earned higher fees from cable distributors.
Ford Motor Co plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday.
U.S. regulators are examining how Tesla Inc Chief Executive Elon Musk announced his plan to take the electric carmaker private and whether his statement was truthful, the Wall Street Journal reported on Wednesday.
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