Business & Finance News
A New York state appeals court on Tuesday rejected IAC/InterActiveCorp’s bid to dismiss a $2 billion lawsuit by a group of Tinder founders, executives and early employees who said it undervalued the dating app to avoid paying them billions of dollars.
Facebook Inc on Tuesday sued Israeli cyber surveillance firm NSO Group, alleging it hacked users of messaging platform WhatsApp earlier this year.
Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms.
Oil rose on Tuesday, paring earlier losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.
Amazon.com Inc is eliminating its grocery delivery service free for Prime members in the United States and making shopping easier by combining AmazonFresh and Whole Foods Market ordering on a single site, in a bid to fend off rival grocery sellers like Walmart Inc and Kroger Co.
Apple faces more regulatory woes in Europe as EU antitrust regulators ask online sales companies whether they have been told to use its mobile payment service instead of rival services, an EU document seen by Reuters showed.
Juul Labs Inc said on Tuesday its finance and marketing heads will step down, as new chief executive officer revamps top management in a bid to rebuild the e-cigarette maker’s public image amid intense scrutiny from regulators and lawmakers.
U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday.
Stelia Aerospace, owned by European planemaker Airbus , will open a 40 million euro ($44 million) assembly plant near Porto in Portugal, creating 240 jobs, company and government officials said on Tuesday.
An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but that does not mean the accord is falling apart, a U.S. administration official said on Tuesday.
Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green.
Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as customers shrugged off fears of an economic slowdown and spent more with their credit and debit cards, boosting fees for the world’s second-largest payment processor.
Canadian airlines are making preparations for the day when Boeing’s grounded 737 MAX jet can fly again, but one executive said work must be done to regain travelers’ trust in the U.S.-made narrowbody involved in two deadly crashes.
Juul Labs Inc said on Tuesday that its Chief Marketing Officer Craig Brommers is leaving the company, just weeks after the e-cigarette maker suspending advertising in the United States amid concerns over the appeal of its nicotine products amongst teenagers.
An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but this does not mean that the accord is falling apart, a U.S. administration official said on Tuesday.
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