Apple starts construction of new campus in Texas
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Junk loan market tensions signal end of buyout-led binge
Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.
Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources
Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world’s biggest share sale.
Factbox: ‘To Tim’: Trump’s tweets to Apple CEO Cook on factories, iPhones
Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America’s most powerful men.
Target raises full-year forecast ahead of holiday season; shares surge
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.
South African Airways running out of cash as unions seek to expand strike
South African Airways (SAA) is running out of cash and could be liquidated if the government doesn’t give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.
Swedbank to investigate report of possible U.S. sanctions breach
Swedbank’s chief executive Jens Henriksson vowed on Wednesday to “get to the bottom” of an alleged funds transfer from a Russian arms company, which Swedish public service broadcaster SVT said may have violated U.S sanctions.
Loss-making Norwegian Air appoints new CEO to lead restructuring
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.
Shell UK gender pay gap widens slightly in 2019
Royal Dutch Shell’s gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7% less than men.
Lowe’s raises profit forecast, shares gain
Lowe’s Cos Inc raised its full-year earnings forecast on Wednesday, as the home improvement chain’s increased assortment of industrial products like drills and power saws attracted more high-spending building contractors and handymen.
