Result Page 1132 for Latest Business News & Archive

Lufthansa Sets Sights On Cheap Long-Haul Flights, Looks To Expand Eurowings

CEO Carsten Spohr has his eyes on two airline groups to add to the German carrier’s already massive fleet.

Saudi Arabia Fires Ali Al-Naimi, Hires Khalid Al-Falih As Oil Minister

Saudi Arabia Oil Minister Ali al-Naimi, May 4, 2016

The new energy minister is one of a handful of Saudi figures whose views are closely watched by those seeking insight into the world’s largest crude oil exporter.

Merchants Without Chip Readers On The Hook For Tens Of Millions Of Dollars In Fraudulent Purchases

Merchants who don’t have chip-compliant payment systems will no longer get reimbursed by banks for purchases made with counterfeit cards.

Sales Of New Ram Pickup To Begin By Jan 2018: Fiat Chrysler CEO

CEO Sergio Marchionne said the company will cease production of the Chrysler 200 midsize sedan by the end of this year or in early 2017.

More news

April Jobs Report: The US Labor Market In Five Charts

Job gains in April were weak, with 160,000 jobs added to payrolls, compared with estimates of 200,000. These five charts explain what’s happening and how it affects workers.

Canada Wildfire Updated: Blazes In Fort McMurray, Alberta, Knocked Out One-Third Of Canada's Daily Crude Capacity

Fires blazing near Fort McMurray, Alberta, forced oil producers to shutter at least 690,000 barrels per day in crude capacity.

US Employers Boosted Hiring By A Weaker-Than-Expected 160,000 In April, Unemployment Holds At 5%

While last month’s job creation was disappointing, the nation’s unemployment rate held at 5 percent.

Chairman and CEO of Goldman Sachs Lloyd Blankfein

Goldman Sachs Extends Job Cuts In Trading Division

Cuts in the trading and sales division come as the investment bank led by CEO Lloyd Blankfein grapples with a changing banking landscape.

Rio Tinto (RIO) Approves $5.3 Billion Expansion Of Mongolia’s Oyu Tolgoi Copper And Gold Mine

Expansion plans for the mine have been delayed over environmental concerns and differences regarding revenue sharing.

Apple’s Tim Cook To Visit China For Government Meetings

The upcoming visit comes at a critical period as the iPhone maker is facing some setbacks in its most important overseas market.

Tata Steel Crisis: Excalibur Steel UK, A Prospective Buyer, To Meet Banks To Raise Money

Excalibur Steel UK, a management buyout vehicle, plans to raise about 65 percent of the total funding from the banks.

News Corp.’s Quarterly Revenue Falls 7.3 Percent, Posts Loss

News Corp. reported its fifth consecutive drop in quarterly revenue as print ad sales declined and a strong dollar hit income from outside the U.S.

Royal Bank Of Canada Says It Will Release Files Linked To ‘Panama Papers’ Law Firm

Royal Bank of Canada's files are said to include names of clients with “relationships or connections” to Panamanian law firm Mossack Fonseca.

Asia Stocks Languish Near Three-Week Low Ahead Of US Jobs Data

MSCI’s broadest index of Asia-Pacific shares outside Japan fell early Friday, while Japan’s Nikkei was down after returning from holidays.

Tesla Motors Inc. (TSLA) Shares Fall As Company Says It Will Spend More In 2016 Than Previously Stated To Speed Up Production

Investors reacted Thursday after the maker of electric cars upped the ante on how fast it will build vehicles — and how much it will spend doing so.

Jobs Report April 2016: Millions Of Americans Are Rejoining The Labor Market, But Who Are They?

The labor market has improved enough to bring back even the most marginalized job seekers, economists said ahead of Friday's government report.

Exxon Mobil Corp. (XOM) Backing Fuel Cell Technology To Clean Up Carbon Emissions In Power Plants

The U.S. oil and gas giant said Thursday it is backing a novel fuel-cell technology to reduce carbon dioxide emissions from power plants.

Donald Trump’s Finance Chair Is A Bank Exec Who Made ‘Yuge’ Profits From The Financial Crisis

Steven Mnuchin, Donald Trump’s newly announced finance chair, benefited from a sweet deal with the FDIC.

E-Cigarettes: FDA Bans Sales To Anyone Under 18, Eyes Future Regulations On E-Cig Flavors

U.S. health officials said they will look at potential future regulations on flavors used in the products as data become available.

Say goodbye to the 500-euro banknote? Not yet.

500-Euro Note: European Central Bank Will Stop Printing Banknote Due To Crime Fears

The European Central Bank said its decision took into account “concerns that this banknote could facilitate illicit activities.”

Donald Trump Vows To Help Businesses By Scrapping Regulations; Will Try To Refinance US Debt, Replace Fed Chief Yellen

The New York billionaire also told CNBC he supports low interest rates for now and believes the U.S. should try to refinance some of its debt.

Will The UK Leave The EU? Brexit Question Weighs Heavily On British Economy

Ahead of a June referendum on Britain leaving the European Union, economic growth in the country seems to have stalled.

Sohn Conference 2016: Fraught Hedge Fund Managers Are Facing Their Biggest Critics

At the Sohn Investment Conference in New York City, top fund managers reckoned with a combination of difficult markets and industry overpopulation.

Barclays (BARC) Raises Nearly $900M Through African Business Stake Sale

The British lender said Thursday it has raised $873 million by selling a 12.2 percent stake in the Barclays Africa Group.

India Rejects Apple’s Plan To Import Used iPhones

Extending the refurbished iPhones practice to India would have likely helped Apple increase its share in one of the world’s fastest growing smartphone markets.

Alibaba Group Holding Ltd. (BABA) Q4 2016 Revenue Rises 39% Despite China Slowdown

The Chinese e-commerce giant, which beat analysts’ expectations in the previous quarter, reported a 39 percent yearly rise in revenue.

Wells Fargo Problem Loans Jump 62 Percent, Driven By Energy Sector

The rise was mainly attributed to oil and gas companies struggling to repay debts after a decline in petroleum prices.

Tesla Motors Inc (TSLA) 1Q 2016 Earnings: Model X Maker Beats Wall Street Estimates, But Its GAAP Miss Is Huge

For the first quarter, the maker of electric cars lost $282 million, according to SEC standards, or $75 million, according to CEO Elon Musk.

Stanley Druckenmiller Laments ‘Reckless’ Corporate Financial Behavior

Companies are eating themselves alive to satisfy shareholders, said Stanley Druckenmiller, a hedge fund titan and former lieutenant of George Soros.

Two Tesla Motors Inc. (TSLA) Manufacturing Executives Leaving Electric Car Maker

The departures come at a time when the electric-car maker is working to launch its first mass-market car, the Model 3.

Takata Corp. Air Bag Recall: Japanese Manufacturer Recalling Up To 40 Million More Inflators In US Vehicles

The expanded recall will more than double what is already the largest and most complex auto safety recall in U.S. history.

Silicon Valley Diversity Problem: Female Leaders Launch ‘Project Include’ To Diversify Tech Industry’s Workforce

A group of eight prominent women in Silicon Valley have launched "Project Include" to bring more racial and gender diversity to the tech industry’s workforce.