Carmakers that once competed mainly over the power of their engines are now vying over a much less tangible sort of power as they race to develop automated vehicles - computing.
SINGAPORE: Singapore Airlines (SIA) is taking more steps to manage costs, announcing further pay cuts for management staff and a salary reduction of 10 per cent for other employees. The airline will cut of the full quantum of the monthly variable component of salaries from Aug 1. "This amounts ...
Cereal maker Kellogg Co raised its full year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic.
U.S. economic growth slowed a bit more than previously estimated in 2019 as the sugar high from the Trump administration's US$1.5 trillion in tax cuts faded over the final year of a record-long expansion that came to an abrupt end in February in the face of the global coronavirus...
McDonald's Corp laid out new diversity initiatives for corporate leadership, franchisees and suppliers at its global convention on Wednesday.
Mastercard Inc on Thursday reported a 30per cent slump in quarterly profit as fewer people used its cards during the COVID-19 pandemic, hitting spending volumes for the payment processor.
Kraft Heinz Co on Thursday wrote down the value of several businesses - including its Oscar Mayer deli meat brand and Canadian retail unit - by about US$2.9 billion.
Comcast Corp on Thursday reported second-quarter revenue that beat expectations, as strong sign-ups for broadband offset weaker advertising sales at cable networks and broadcast TV.
Eli Lilly and Co reported a 6.4per cent rise in second-quarter profit on Thursday, helped by demand for its diabetes drug, Trulicity.
EU antitrust regulators are set to open a full-scale investigation into Alphabet Inc unit Google's US$2.1 billion bid for fitness tracker maker Fitbit , people familiar with the matter said on Wednesday.
