Result Page 1073 for Latest Business News & Archive

Fox Posts Offer Document For Sky Deal

Twenty-First Century Fox Inc, on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky on Tuesday.

Zillow To Buy Mortgage Lender Service To Ease Home-Buying Process For Consumers

The online real estate company on Monday announced the acquisition of Mortgage Lenders of America for an undisclosed amount.

Icahn Highlights Amazon Threat In Bid To Block Cigna-Express Scripts Deal

Activist investor Carl Icahn on Tuesday urged Cigna Corp (CI.N) shareholders to vote against the health insurer’s $52 billion purchase of Express Scripts Holding Co (ESRX.O), citing regulatory hurdles and the growing threat of Amazon.

Chinese Newspaper Mocks Trump's Claim Of Winning Trade War As 'Wishful Thinking'

Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war.

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US Argues Judge Failed To Take Its Arguments Into Account In AT&T Trial

The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s purchase of Time Warner failed to take into account how companies negotiate with each other and seek to maximize profits in considering the Justice Department’s arguments about how the deal would decrease competition.

US Sees Sanctions Having Significant Impact On Iran Economy: US Officials

The Trump administration will aggressively enforce economic sanctions that is it re-imposing on Iran this week and expects the measures to have a significant impact on the Iranian economy, senior U.S. administration officials said on Monday.

Honda To Recall 96,900 SUVs In China, Runs Checks On Two Models

Honda Motor Co. on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already led to hundreds of thousands of its vehicles being recalled earlier this year.

Asian Stocks Cheer Move By China's Central Bank, But Trade War Weighs

China's efforts to stop sharp declines in its currency and capital flight supported wider sentiment in the region.

German Industrial Gases Group Linde Says Regulators Likely To Demand More Divestitures In Praxair Deal

German industrial gases group Linde said it and U.S. rival Praxair may need to sell more assets than anticipated to secure antitrust approval for their planned $87 billion tie-up, which could scupper the deal.

CBS Entertainment Chief Defends Network Amid Moonves Allegations

The president of CBS Entertainment said on Sunday that the broadcast network is committed to a safe workplace following a “tough week” clouded by allegations of sexual misconduct against Chief Executive Leslie Moonves.

Huawei In British Spotlight Over Use Of US Firm's Software

Huawei Technologies is facing increased scrutiny in Britain because it is using an aging software component sold by a firm based in the United States, one of the countries where lawmakers allege its equipment could facilitate Chinese spying, sources told Reuters.

Indonesia Lobbies US To Maintain Special Tariff Treatment

Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday.

US Court Allows Release Of Bench Transcripts In AT&T Merger Fight

An appeals court that is hearing the U.S. Justice Department’s fight with AT&T over its merger with Time Warner agreed on Friday to allow the release of transcripts of bench conferences that the public was unable to listen in on during the trial in a lower court.

Canada 'Very Keen' On Wrapping Up Year-Old NAFTA Talks

Canada is “very keen” on concluding negotiations to renew the North American Free Trade Agreement as soon as possible, Foreign Minister Chrystia Freeland said on Saturday, amid signs of progress after months of delays.

Warren Buffett's Berkshire Hathaway Profit Surges As Insurance, Other Businesses Gain

Berkshire Hathaway Inc., the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand.

Investors Move To Cash, Anticipating Democratic Gains In US November Elections

The likelihood of a Democratic party takeover of at least one house of the U.S. Congress in the midterm elections in November is prompting some portfolio managers to move more money to cash and rotate away from sectors like financials and technology that could see greater regulatory scrutiny.

Apple CEO Tim Cook Downplays $1 Trillion Valuation In Company Memo

Apple's CEO sent out a memo to employees thanking them for their work, but somewhat downplayed the company's record high $1 trillion market valuation.

Apple Breaches $1 Trillion Stock Market Valuation

The tech company's stock jumped 2.9 percent to end Thursday at $207.39, giving it a market capitalization of $1.002 trillion.

Brookstone Is Closing All Of Its Mall Stores After Filing For Bankruptcy

The specialty products retailer announced Thursday it has filed for Chapter 11 bankruptcy and will close its remaining mall locations.

Ride-Hailing Service Grab Raises Another $1 Billion In Current Financing Round

Grab is popular in Southeast Asia and had received $1 billion in funding from Toyota in June. The ride-hailing company had also acquired Uber’s regional business in March, reducing competition.

Apple's Ride To $1 Trillion: The Magic Number That Gets It There

Apple is close to becoming the first publicly listed U.S. company valued at $1 trillion, but figuring out exactly how close requires doing a little math.

Housing project in Oceanside, California

Housing Demand Sees Its Biggest Decline In Two Years, Report Says

The demand for housing is at its lowest point since April 2016, according to a monthly index from Redfin.

Facebook, Twitter, Google Executives To Testify Before Senate

Senior executives of Facebook Inc., Twitter Inc. and Alphabet Inc. Google will testify to the U.S. Senate Intelligence Committee on Sept. 5, Senator Mark Warner, the committee’s Democratic vice chairman, said on Wednesday.

Wells Fargo Finds Efficiency Target Elusive As Revenue Slips

With Wells Fargo & Co’s (WFC.N) revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s closely watched efficiency ratio will return to pre-scandal levels.

Auto Suppliers Retool To Chase Electric Vehicle Bonanza

In 2017 all the world’s automakers and suppliers combined invested $115 billion in research and development, and had capital expenditures of $234 billion.

Apple's Tim Cook Talks Of Cord-Cutting As Reason For Focus On Content

Tim Cook said that cord-cutting will accelerate much faster than anticipated.

Apple's Pricey iPhone X, Subscriptions Deliver Earnings Beat

The world's most valuable technology company also forecast revenue above expectations for the fall, when it typically launches new iPhone models.

Google Parent Gets Green Light To Start Designing High-Tech Neighborhood In Toronto

The board of Waterfront Toronto on Tuesday has greenlit construction of Sidewalk Lab's high-tech neighborhood.

US Consumer Spending Rises; Wage Growth Slows In Second-Quarter

U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.

Zillow Offers New Service For Renters To Submit Apartment Applications, Pay Rent Online

The online real estate company on Tuesday announced new features on its site intended to help homeowners and renters manage their properties.

Uber Ends Its Self-Driving Truck Program And Shifts Focus To Autonomous Cars

The ride-sharing company on Monday announced it had cut its self-driving truck division and will focus on further developing its autonomous cars.

Fed Set To Hold Rates Steady, Remain On Track For More Hikes

The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.

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