Business & Finance News
(Reuters) – U.S. retail sales increased moderately in April as rising gasoline prices weighed on discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
PARIS/BERLIN (Reuters) – Air France-KLM’s next CEO faces an unenviable task if they want to avoid the fate of Alitalia. The manager needs to deal with union resistance to restructuring at its core Air France brand, keep increasingly frustrated KLM staff onside and battle rising oil prices.
BUDAPEST (Reuters) – Billionaire George Soros’s pro-democracy foundation said on Tuesday it would shut its office in Budapest and move to Berlin, leaving what it called “an increasingly repressive political and legal environment” in Hungary.
(Reuters) – Home Depot Inc on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of typical spring products like lawn-mowers and patio furniture.
(Reuters) – U.S. stock index futures were slightly lower on Tuesday as lack of progress in U.S.-China trade talks and disappointing earnings from Home Depot kept investors on edge ahead of retail sales data.
PARIS (Reuters) – Air France-KLM on Tuesday promoted finance director Frederic Gagey to interim chief executive and named Anne-Marie Couderc as non-executive chairwoman in transitional appointments days after the former CEO resigned in a standoff over staff pay.
JERUSALEM (Reuters) – Intel Corp said on Tuesday it had submitted plans to expand its production operations in Israel, with the government saying the U.S. chipmaker would invest about $5 billion.
BEIJING/SHANGHAI (Reuters) – Qualcomm’s proposed $44 billion takeover of rival NXP Semiconductors is yet to see a concrete breakthrough in China, sources said, tempering hopes a lull in trade tensions with the United States had prompted Beijing to speed up its ruling on the deal.
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled. His secret: strip out the “for-profit” business model, and leverage the real estate in nursing homes for outpatient care. DeRosa’s strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator,
(Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday sexual harassment or assault victims will have the option to settle claims with the ride-hailing service without a confidentiality provision that prevents them from speaking about the incidents.
HWASEONG, South Korea (Reuters) – Samsung Electronics is in talks with several smartphone makers including China’s ZTE to supply mobile processor chips, a senior executive said, a move that will bring it in more direct competition with larger rival Qualcomm.
LONDON (Reuters) – Thomson Reuters said on Tuesday it would transfer its foreign exchange derivatives trading to Dublin from London ahead of Britain’s departure from the European Union in March 2019.
(Reuters) – Home Depot Inc’s sales at established stores missed Wall Street forecasts for the first time in seven quarters, as cooler weather in some U.S. states led to a slower-than-expected start to the spring selling season.
(Reuters) – Twenty-First Century Fox Inc Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholders.
LONDON (Reuters) – Thomson Reuters said on Tuesday it had applied to the Irish central bank to move its foreign exchange derivative trading facility to Dublin because of Brexit.
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