Coca Cola reports fourth quarter revenue beat, targets 5% 2020 growth
Coca-Cola Co on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets.
NBCUniversal fined $16 million for illegal sales curb in EU
NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such as “Minions”, as the bloc cracks down on practices blocking cross-border online trade.
Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation
SoftBank’s second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the development.
Oil falls more than 2% on spread of Wuhan virus
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Renault chairman says alliance with Nissan strong, shares sense of urgency
The alliance between France’s Renault SA and Japan’s Nissan Motor Co remains strong, but its members share a sense of urgency, the alliance’s chairman said on Thursday.
JLR parent Tata Motors posts third-quarter profit above estimates
India’s Tata Motors Ltd on Thursday beat market expectation for quarterly profit, as sales for the maker of British luxury car brand Jaguar and Land Rover rose in China and it kept a tight lid on costs.
Trump’s first presidential portfolio lags job, stock market growth
In his first address to the U.S. Congress, President Donald Trump hailed General Motors Co, Harley-Davidson Inc, Intel Corp and seven other companies as innovators and job creators, predicting they would be among those producing “tens of thousands of n…
Turnaround costs push Deutsche Bank to bigger than expected loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Jaguar Land Rover boss to step down in September
The boss of Jaguar Land Rover (JLR) will step down from his role at the end of his contract term in September as Britain’s biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales.
Deutsche Bank CEO: Negative rates not an option generally for private customers
Deutsche Bank’s chief executive on Thursday told German broadcaster n-tv that he did not think Germany’s top bank would apply negative interest rates to the accounts of private customers in general.
