Business & Finance News
All British discount retailer Poundworld’s stores will close by the middle of next month with the loss of thousands of jobs, the company’s administrator Deloitte announced on Thursday.
Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday.
Sinclair Broadcast Group Inc “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing.
U.S. stocks were set for their biggest drop in a week on Thursday as weak earnings reports were compounded by a strong dollar that not only hit metal prices and weighed on miners, but also raised concerns about future corporate revenue growth.
Boeing claimed victory on Thursday after outselling rival Airbus at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand.
Sinclair Broadcast Group Inc “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media , the Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing.
The head of France’s Dassault Aviation urged Britain and the European Union to settle differences over the UK’s departure from the bloc and define a new partnership as quickly as possible to avoid hurting hundreds of suppliers.
A string of private car-share operators are revving up business in Paris as the pioneering city-run Autolib scheme comes to an end and city authorities promote car sharing over private ownership.
U.S. stocks fell on Thursday after a slew of weak quarterly reports dampened hopes of a robust earnings season, with a strengthening dollar and trade tensions also weighing on.
Problems with products made by China’s Huawei Technologies have exposed new security risks in Britain’s telecommunications network, a UK government report said on Thursday.
The U.S. dollar hit a year high on Thursday against a basket of major currencies, but copper prices tumbled and major world stock markets pulled back amid concerns over China’s economy and continued global trade tensions.
Wells Fargo & Co is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding, the Wall Street Journal reported on Thursday, citing sources.
Senior British security officials say they can give only limited assurances that Chinese firm Huawei’s UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters.
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc’s entertainment assets on Thursday but said it would still try to buy European broadcaster Sky Plc to increase its international footprint.
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