NEW YORK (Reuters) - Former Exxon Mobil Corp Chief Executive Rex Tillerson took the witness stand in Manhattan state court on Wednesday to testify in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from ...
Dogged by uneasiness over trade frictions and weak global growth, the American economy's growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services produced in the economy — grew at a 1.9 percent ...
LONDON (Reuters) - The dollar was largely steady against other major currencies on Wednesday as investors braced for a rate cut by the U.S. Federal Reserve and an advance reading of economic growth in the third quarter that could shed light on the rate ...
General Electric continues to burn cash at its aviation business, as the grounding of Boeing's top-selling 737 Max caused GE to delay production of engines for the aircraft. This year, GE has logged significant working capital losses from headwinds to its ...
On the eve of the Federal Reserve's announcement, some on Wall Street started to get flashbacks to Chair Jerome Powell's communication miscues in the past. "We would not be surprised if the market sells off after the FOMC partly because we think ...
IAC Chairman Barry Diller said when it comes political ads on social media, he's in Mark Zuckerberg's corner. In an interview on "Squawk Box" with CNBC's Andrew Ross Sorkin and Joe Kernen Wednesday morning, Diller launched into a defense of the ...
TOKYO (Reuters) - German utility RWE is looking to invest in Japan's offshore wind power projects and is in talks with potential Japanese partners as it aims to expand its global renewable portfolio, an executive said. FILE PHOTO: The logo of RWE, one of ...
By JON GAMBRELL, Associated Press. RIYADH, Saudi Arabia (AP) — A planned stock offering of a small part of state-run oil giant Saudi Aramco "will come soon" and only at the direction of Saudi Arabia's crown prince, the kingdom's energy minister said ...
Topline: A former executive at embattled e-cigarette firm Juul has alleged in a lawsuit filed on Tuesday that the company knew it had sold 1 million contaminated pods to consumers and retailers but did not inform them. Former senior VP of global finance ...
The numbers: The nation's businesses created 125,000 private-sector jobs in October, payroll processor ADP said Thursday. Economists polled by Econoday had forecast a gain of 125,000. The September total for jobs added was revised down from an initial ...
The wait is finally over. Southwest Airlines' long promoted nonstop flights between San Diego and Hawaii will debut in April, with daily flights planned to both Maui and Oahu. The new nonstop service comes with a one-day fare sale of $129 each way.
Facebook has agreed to pay a £500,000 fine imposed by the UK's data protection watchdog for its role in the Cambridge Analytica scandal. It had originally appealed the penalty, causing the Information Commissioner's Office to pursue its own counter-appeal ...
(Reuters) - U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day. The Dow Jones Industrial Average .DJI rose 39.29 points, ...
Shares in L'Oreal SA (OR.FR) jumped higher Wednesday after the company reported strong third-quarter sales growth on Tuesday evening, beating analysts' expectations. The French cosmetics and consumer-products giant reported sales of 7.18 billion ...
(CNN) Who wants a free taco? Taco Bell is giving away free Nacho Cheese Doritos Locos tacos on Wednesday to fulfill their "Steal A Base, Steal A Taco" promotion for the World Series. Everyone can thank Washington Nationals shortstop Trea Turner for ...
Royal Caribbean Cruises Ltd. RCL, +0.95% said Wednesday it had net income of $883.2 million, or $4.20 a share, in the third quarter, up from 4810 million, or $3.86 a share, in the year-earlier period. The numbers include a 13 cents a share impact from ...
Deutsche Bank AG on Wednesday reported its second consecutive quarterly loss as it continues to execute a deep restructuring. After-tax loss for the period was 832 million euros ($923.4 million) compared with a profit of EUR229 million a year earlier.
Tuesday was relatively quiet on Wall Street, with major benchmarks finishing modestly lower as investors awaited the latest moves from the nation's central bank. The Federal Open Market Committee began a two-day meeting today, and most market watchers ...
BANGKOK — Global shares mostly retreated Wednesday as investors eye a possible interest rate cut in the U.S. while hoping for a breakthrough on the U.S.-China trade front. Britain's FTSE 100 was flat at 7,308, while Germany's DAX shed 0.1% to 12,925.
Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Incoming European Central Bank President Christine Lagarde said Germany and other countries with healthy budget positions ...
At Halloween, everybody knows that all candy is not created equal. CandyStore.com claims that it uses years of data to sort which candy is the favorite in every state. According to them, Kentucky's favorite is ... Swedish Fish?? Really? Second is ... Tootsie ...
NEW DELHI (Reuters) - India's telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an "unprecedented crisis" if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says. FILE PHOTO: A girl ...
(Reuters) - Mattel Inc (MAT.O) reported a surprise jump in quarterly revenue on Tuesday as newer models energized demand for its flagship Barbie brand, while the launch of dolls based on Korean pop-sensation BTS lifted international sales. FILE PHOTO: ...
Top executives at supermarket giant Woolworths will have their bonuses cut after the retailer admitted it had underpaid nearly 6000 of its employees as much as $300 million. Both sides of politics condemned the company on Wednesday as Woolworths chief ...
A 20-room hotel, where weary travellers can book stays by the hour, will open within the international terminal at Sydney Airport in early 2020. The first of its kind in Australia, the "aerotel" is the brainchild of former investment banker Song Hoi-see, the founder ...
Here's a way to improve your tarnished reputation: Donate $1 million for a worthy cause. After a quick Twitter back and forth with MrBeast, a YouTuber known for making large donations to various causes, Elon Musk pledged to donate $1 million to ...
JOHANNESBURG - The rand fell sharply after South African Finance Minister Tito Mboweni forecast wider budget deficits and higher debt during his medium-term budget policy statement on Wednesday. At 1223 GMT, the currency was at 14.80 to the U.S. ...
Denny's is jumping on the plant-based meat bandwagon. The restaurant chain has announced that it is launching the Denny's Beyond Burger, starting in Los Angeles and expanding nationwide by 2020. (It'll also be offering free-with-a-drink-purchase Beyond ...
Short sellers betting against online food delivery service GrubHub Inc.'s (GRUB) shares can feast and pop champagne after the company's stock cratered over 40% on Tuesday, its worst daily performance ever. Crushed by competition from rivals like Uber ...
(Reuters) - Gold moved in a narrow range on Wednesday as cautious investors awaited the U.S. Federal Reserve's decision on interest rates later in the day while weak equities lent support. FILE PHOTO: Gold bars are stacked in the safe deposit boxes room ...
AMAZON now offers Prime members two-hour free delivery on groceries in the US. Yesterday, the online retailer announced that AmazonFresh and Whole Foods Market would be included in its Prime subscription. Amazon is launching free delivery on ...
Is now a good time to refinance? Right now is a prime time to refinance your mortgage. Mortgage interest rates are historically low with a strong possibility of continuing to fall. Whether you're looking to reduce your monthly payment, pay your home off faster or ...
Billionaire activist Bill Ackman said WeWork has a "high probability" of being worth zero while speaking at the Robin Hood Investors Conference on Tuesday, according to the Financial Times. Ackman also said WeWork co-founder Adam Neumann is "an ...
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