Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising spending by companies while also warning it could face up to US$5 billion in losses related to an official U.S. privacy investigation.
REUTERS: Visa Inc reported a 14.3 percent jump in quarterly profit on Wednesday as a tightening labor market and growth in wages spurred consumer spending, leading to more people swiping their credit- and debit-cards using the company's extensive network. U.S. retail sales rose to their highest in ...
LISBON: Shareholders in Portugal's biggest company, Energias de Portugal, on Wednesday (Apr 24) blocked a €9-billion (US$10-billion) takeover bid by the state-owned China Three Gorges (CTG) Corporation. The rejection of the bid by the Chinese energy behemoth comes amid growing unease within the ...
A New York judge has suspended a lawsuit brought by U.S. private equity fund Blackstone against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, two sources close to the matter said on Wednesday.
ZUMPANGO, Mexico: Construction at a military base that is slated to host the Mexican capital's new commercial airport will begin next week, President Andres Manuel Lopez Obrador said at the site of the project on Wednesday (Apr 24). "We will being construction of Mexico City's new airport next ......
Bayer AG on Wednesday asked a California appellate court to throw out a US$78 million judgment it was ordered to pay to a school groundskeeper who claimed the company's weed killers gave him cancer.
The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season.
Walmart Inc said on Wednesday it would enter the U.S. beef industry by creating an end-to-end supply chain of Angus beef, as it looks to offer higher quality meat to customers in an intensely competitive grocery industry.
REUTERS: Ford Motor Co said on Wednesday it will invest US$500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc. Ford said it will use Rivian's "skateboard" - a chassis that bundles electric motor ...
Developer Related Companies said on Tuesday one of its affiliates has agreed to buy the global headquarters of AT&T's WarnerMedia in Manhattan for about US$2.2 billion, in one of the city's most expensive commercial real estate deals.
