BRUSSELS (Reuters) - Russia's Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but they were largely ignored, a confidential ...
Amazon may have scored points on Wall Street last week with plans to invest $800 million so its Prime member subscribers can receive merchandise in one day. But analysts aren't concerned the e-commerce giant's brick-and-mortar competitors like Walmart ...
Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018. Saul Loeb | AFP | Getty Images. Wall Street analysts were largely caught off guard after Alphabet posted a rare revenue ...
If you are looking to follow a master, than Buffett is a good place to start. Though sometimes, it pays to go back and double-check his moves. Reuben Gregg Brewer, George Budwell, and Brian Stoffel. (TMFReubenGBrewer). Apr 30, 2019 at 6:45AM.
Companies are on the hunt for ways to reduce the time and money it costs their employees to perform repetitive tasks, so today a startup that has built a business to capitalize on this is announcing a huge round of funding to double down on the opportunity.
LONDON (Reuters) - BP's first quarter profits fell by nearly a third but beat forecasts as lower oil and gas prices and weaker refining margins were partly offset by higher production and stronger trading. FILE PHOTO: The logo of BP is seen at a petrol station in ...
Divvy, the fintech startup helping businesses manage expenses, raised $200 million in venture funding in its third round in less than a year as venture capitalists continue to bet on fintechs catering to the business market. Led by NEA, the Series C round of ...
The eurozone economy last quarter defied trade conflicts, a slowdown in China and uncertainty over Brexit to register its best growth since early last year, according to official statistics released Tuesday. Only a few months ago it looked as if Europe could slide ...
Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all of 2019. The statements by Saudi energy minister Khalid ...
Bayer Chief Executive Werner Baumann has nine months to prove he shouldn't be kicked out as a result of last year's Monsanto acquisition, a corporate law expert warned Tuesday. Professor Christoph Schalast, a mergers and acquisition specialist at the ...
There's a flaw at the heart of central banking's approach to inflation targeting that's become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price goals while saying financial stability ...
Starbucks isn't marking the start of summer 2019 with just the return of its S'mores Frappuccino. The coffee giant also is unveiling another new drink and two new savory menu items in the U.S. and Canada, starting Tuesday. The Seattle-based chain is ...
(Reuters) - U.S. drugmaker Eli Lilly and Co cut its full-year revenue forecast on Tuesday, as it predicted further hits from price declines in the United States and increased generic competition for drugs including erectile dysfunction treatment Cialis. Shares of ...
While the carrier says the issues found in 2011 and 2012 were resolved at the time, the revelation may further damage the reputation of a Chinese powerhouse. By. Daniele Lepido. April 29, 2019, 11:45 PM PDT ...
LONDON (Reuters) - Sainsbury's, reeling from last week's decision by the regulator to block its takeover of rival Asda, was alone among Britain's big four supermarket groups in seeing sales fall in the latest 12-week period, industry data showed on Tuesday.
Investors don't usually like it when a company turns down an appetizing bid at a 42% premium. But Yum China , YUMC -0.62% the operator of KFC and Pizza Hut in the world's most populous country, has shown it can deliver a satisfying meal on its own.
Merck & Co. beat first-quarter analyst expectations Tuesday, helped along by growing sales in its cancer and vaccines businesses, but plans to make cost cuts that will result in a charge of up to $1.2 billion. First-quarter adjusted earnings were $1.22 a share, ...
Burger King is testing the Impossible Whooper, a meatless burger based on the plant-based Impossible Burger. 0. By The Washington Post. Following a successful test run in St. Louis, Burger King announced Monday that the chain will introduce its ...
(Reuters) - Ingersoll-Rand Plc said on Tuesday it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc, creating a company valued at about $15 billion (£11 billion). The move would ...
Two aeroplanes have been involved in a minor collision at East Midlands Airport during morning fog. An eyewitness waiting to take off on another plane said one aircraft on the ground appeared to clip a stationary plane at about 07:50 BST. A spokesman for ...
Premier Inn owner Whitbread has reported a 40% fall in annual profit and warned that a drop in demand for hotel rooms had worsened in recent weeks as Brexit uncertainty discouraged bookings, particularly among business travellers outside London.
(CNN) -- The advances Tesla has made with its autonomous driving technology are impressive, but perhaps more impressive is the company's raw courage. Or you can call it foolhardiness, if you like. The timeline Tesla set out toget fully self-driving cars on ...
Jaguar Land Rover (JLR) will build its next-generation Land Rover's Defender 4x4 in Slovakia rather than the UK. The current Defender model was built at the firm's Solihull factory near Birmingham until 2016. The firm says the new model has been designed ...
KPMG has been fined £6m, "severely reprimanded" and told to undertake an internal review over the way it audited an insurance company. The Financial Reporting Council (FRC) said it related to the 2008 and 2009 audits of Syndicate 218, a firm based at ...
Standard Chartered PLC (STAN.LN) said that first-quarter pretax underlying profit rose 10% from a year earlier to $1.38 billion and that it would initiate a share-buyback program of up to $1 billion. The Asia-focused bank said Tuesday its net interest income ...
Over 26 years, Antony Catalano has left and returned to Fairfax Media just twice. The first time, he rejoined the company where he began as a night-shift police reporter in 1990 having built a successful business after being made redundant in 2008. This time ...
Independent News and Media's chief executive Michael Doorly has told the company's AGM that its board would consider further, higher offers for the company, if they come in. The CEO's comments come after INM today said it had agreed to a takeover offer ...
The Australian Taxation Office has launched a data matching program to catch cryptocurrency investors who fail to pay the right amount of tax. It is collecting records from the intermediaries who facilitate the purchase and sale of cryptocurrency. It will use ...
McDonald's customers are using plastic coffee lids to avoid the fast food chain's new paper straws. Earlier this month, customers took to Twitter complaining that the company's paper straws are ruining their drinks, specifically milkshakes. Customers were so ...
Police officers are searching a plane at Glasgow airport after a security incident was declared on the inbound flight from London. Operations at the airport were temporarily suspended on Tuesday after a security alert on the plane was raised by crew members ...
Seemingly everyone is bullish on e-commerce solutions provider Shopify (NYSE:SHOP). Over the past several weeks and months, multiple Wall Street analysts from KeyBanc to Roth to Baird have sounded the bull horn on SHOP stock as they believe the ...
The Labor Department weighed in today on a question whose answer could be worth billions of dollars to gig-economy companies as they begin selling shares to the public: Are their workers employees or contractors? The department said people finding ...
The American Legion will be hosting a Cinco de Mayo dinner on Sunday, May 5, starting at 5:30 p.m. The menu includes authentic carnitas and enchiladas, beans and rice, and chips and salsa. The cost is $15 for adults; seniors and children will receive a $3 ...
Steinhoff [JSE:SNH] subsidiary Pepkor has said it has no intentions of selling off shoe retailer Tekkie Town. This follows an interim ruling by the Cape Town High Court on Friday, which prevented the Steinhoff subsidiary from disposing of the shares it holds ...
China's manufacturing purchasing managers' index fell in April, suggesting Beijing's stimulus is having muted impact on the economy; Manufacturing PMI fell to 50.1 in April, while non-manufacturing PMI fell to 54.3, both missing analysts' higher expectations.
A few weeks after Binance delisted the Bitcoin SV altcoin, self-proclaimed Satoshi Nakamoto, Craig Wright, has slammed the world's largest crypto exchange calling it a 'super bucket shop'. In an interview with Finder, Wright accused Binance of engaging in ...
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