US economy shrank 3.5per cent in 2020 after growing 4per cent last quarter
Facebook Inc's independent oversight board made its first binding decisions on Thursday, overruling the company's actions in four of the five cases it reviewed. https://www.oversightboard.com/news/165523235084273-announcing-the-oversight-board-s-first-case-decisions
Video games fan Elon Musk gave shares in Polish games producer CD Projekt a further boost on Thursday after the company's update of its flagship game prompted short sellers to close positions earlier in the week.
A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year's tumble: how to allocate rising cash flows among new production, dividends and stock buybacks.
Domestic consumption of distilled spirits in the United States rose sharply last year as people splurged on premium spirits, although American whiskey exports fell due to retaliatory tariffs from Europe, a U.S industry trade body said on Thursday.
Wall Street's main indexes opened higher on Thursday, shrugging off data which showed another sharp contraction in the U.S. economy and a rise in weekly jobless claims.
SAP says it is ready to lead customers into a cloud-based future, but the business software group may need all its powers of persuasion to convince its 400,000-strong client base to launch a major overhaul of systems in a pandemic.
Lowe's Cos Inc said on Thursday it would pay employees about US$80 million in additional discretionary bonuses and also plans to hire more than 50,000 workers across its U.S. stores in the spring.
Lowe's Cos Inc said on Thursday it would pay employees about US$80 million in additional discretionary bonuses and also plans to hire more than 50,000 workers across its U.S. stores in the spring.
McDonald's Corp missed Wall Street estimates for quarterly profit and revenue on Thursday as a second round of pandemic lockdowns in parts of Europe hurt its business and countered the hamburger chain's sales growth in the U.S. market.
