Berkshire Hathaway Inc on Saturday posted a lower operating profit as the coronavirus pandemic was expected to weigh on some of its businesses, though gains in stocks such as Apple Inc fueled a big quarterly net profit.
BANGKOK: Thailand's competition regulator has given the nod for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns. The US$10.6 billion sale to Thailand's biggest conglomerate was first flagged in March and also covers Tesco's ...
China's exports posted strong growth again last month, extending an upward trend on the back of a consumption rebound among its major trading partners, official data showed Saturday.
Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset US$1 billion in overstaffing costs.
A weaker-than-expected election performance by Democrats and fears of new coronavirus restrictions have prompted investors to double down on high-flying technology stocks, which have come roaring back in recent days to put the Nasdaq within striking distance of a record.
The European Union is likely to impose tariffs on US$4 billion of U.S. imports next week after an award by the World Trade Organization in a dispute over subsidies for aircraft maker Boeing , EU diplomats said on Friday.
Alphabet's Google said on Friday it would not file a motion to dismiss a U.S. government lawsuit filed last month but would fight it in federal court.
Amazon.com Inc's upscale grocer Whole Foods Market said on Friday it had reversed a decision banning its employees from sporting poppy flowers, a symbolic gesture to honour Remembrance Day, following a backlash in Canada.
U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.
Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset US$1 billion in overstaffing costs.
