Business & Finance News
LONDON (Reuters) – Britain’s Rolls-Royce said it would cut 4,600 jobs to save 400 million pounds a year in the latest attempt by CEO Warren East to simplify the business and generate more cash.
LONDON (Reuters) – Britain’s Rolls-Royce said it would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business and save 400 million pounds ($536 million) a year by the end of 2020.
(Reuters) – Renault SA’s Carlos Ghosn is likely to step down as chief executive of the French carmaker before the end of his term in 2022, the Financial Times reported on Thursday.
NEW YORK (Reuters) – With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
SAN FRANCISCO (Reuters) – Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters.
NEW YORK (Reuters) – As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the heavily male-dominated field of Wall Street trading.
(Reuters) – The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to build a high-speed underground commuter system from the Loop to O’Hare International Airport, one of the world’s busiest, media reported on Wednesday.
TOKYO (Reuters) – The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end.
TOKYO (Reuters) – Asian shares eased on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening, while concerns about U.S.-China trade frictions kept investors on edge.
SINGAPORE (Reuters) – Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support.
TOKYO (Reuters) – The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end thanks to a solid outlook for the world’s biggest economy.
TOKYO (Reuters) – Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge.
NEW YORK (IFR) – Comcast says it has “Highly Confident Letters” from Bank of America Merrill Lynch and Wells Fargo for its US$65bn 21st Century Fox bid.
LONDON (Reuters) – The use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found.
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