SAN FRANCISCO (Reuters) – Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley’s titans.
FRANKFURT (Reuters) – Deutsche Boerse’s Chief Executive Carsten Kengeter, who is under investigation for insider trading, frequently met and spoke by telephone with his London Stock Exchange counterpart in the months before they announced official mer…
(Reuters) – U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors’ core bag business could delay potential benefits.
BERLIN/NEW YORK (Reuters) – A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain’s exit from the European Union.
(Reuters) – A steeper-than-expected drop in quarterly profit rattled some Amazon.com investors, but Wall Street analysts remained largely bullish about the company’s aggressive spending plans.
(Reuters) – Wall Street slipped on Friday as losses in Amazon and tobacco shares weighed on major indexes.
(Reuters) – Starbucks Corp’s shares were on track for their worst one-day decline in five years on Friday as the coffee chain’s latest quarterly report triggered concerns of a slowdown in sales in the United States, its biggest market.
MUENCHEN (Reuters) – Volkswagen’s luxury brand Audi will replace four out of seven management board members, three sources said on Friday.
(Reuters) – U.S. stock indexes looked set to open lower on Friday as Amazon’s profit miss took a toll on technology shares.
(Reuters) – American Airlines Group Inc on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares.
(Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street’s expectations.
MILAN (Reuters) – Telecom Italia named Vivendi’s Amos Genish as its general manager for operations on Friday as the French media giant tightened its grip on the Italian phone group, where it is the largest shareholder.
LONDON (Reuters) – Britain’s two big drugmakers face very different challenges but they share a common problem: how to convince investors that their dividends are safe.
WASHINGTON (Reuters) – The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.
DETROIT (Reuters) – The head of General Motors Co’s Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts.
HONG KONG (Reuters) – U.S. corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year, as trade tensions between the two countries and uncertainty about Chinese government regulations took a toll on deal…
(Reuters) – U.S. mutual funds that held onto Puerto Rican debt as its economy crept toward collapse could get drawn into battles that pit their own investors against each other, as the island navigates the biggest government bankruptcy in U.S. history….
WASHINGTON/LONDON (Reuters) – U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump’s administration to claim that effo…
NEW YORK (Reuters) – Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator’s decision that their offerings may be subject to tough securities laws.
(Reuters) – Wells Fargo and Co said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance (CPI) policies.