Business & Finance News
Harley-Davidson Inc on Tuesday forecast a lower-than-expected hit to profit margins from President Donald Trump’s trade tariffs and its quarterly earnings topped Wall Street estimates, sending shares up 5 percent in pre-market trading.
Facebook has set up a subsidiary in China with registered capital of $30 million, according to an official business registration, hinting that the U.S. firm may be ramping up its presence in the restrictive market where its social media sites remain blocked.
The UK Serious Fraud Office (SFO) said on Tuesday it was seeking to resurrect a high-profile prosecution of Barclays over undisclosed payments to Qatari investors during the credit crisis two months after a London court dismissed its case.
Bitcoin rose above $8,300 on Tuesday to its highest level in two months, prompted by recent reports about impending approval in the United States for a cryptocurrency exchange-traded fund, which have helped bolster demand in recent sessions.
London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital.
London taxi drivers are exploring whether they could bring a class action lawsuit against Uber, their trade body confirmed on Tuesday, after the mobile app was granted a temporary licence renewal to operate in Britain’s capital.
Facebook has set up a subsidiary in China with registered capital of $30 million, a filing on China’s National Enterprise Credit Information Publicity System showed.
Verizon Communications Inc reported better-than-expected quarterly profit and revenue on Tuesday, as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans.
U.S. stock index futures rose on Tuesday, as Alphabet’s strong results lifted other high-growth technology companies, adding to a robust earnings season in the backdrop of a U.S.-China trade war and a strengthening dollar.
Biogen Inc reported a better-than-expected quarterly profit on Tuesday and raised its forecast for 2018 adjusted earnings, driven by strong demand for its spinal muscular atrophy drug Spinraza, sending its shares up 3 percent.
Qian Zhiya may be Starbucks’ worst nightmare.
EU antitrust authorities handed down a total fine of 111.2 million euros ($130.1 million) to Philips , Pioneer , Asus and Denon & Marantz on Tuesday for fixing online resale prices.
Eli Lilly and Co on Tuesday said it would spin off its Elanco animal health business into a publicly-traded company and posted better-than-expected quarterly profit helped by demand for its diabetes drugs Trulicity and Humalog.
London taxi drivers are drawing up a plan to sue mobile app Uber for over 1 billion pounds ($1.3 billion), Sky News reported on Tuesday citing unidentified sources, weeks after it was granted a temporary licence to operate in Britain’s capital.
Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins.
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