Fed up with Facebook, U.S. fund managers look for alternatives
Facebook Inc’s losses are becoming other companies’ gains.
Lyft Inc confidentially files for IPO
Ride-hailing company Lyft Inc on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering.
Volkswagen to cut another $3.4 billion in costs to boost margins
Volkswagen announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand.
Former Tesco directors cleared of fraud over 2014 accounting scandal
Two former directors of Tesco have been acquitted of fraud and false accounting at Britain’s biggest retailer after a 2014 scandal, dealing a major blow to the UK Serious Fraud Office.
Oil tumbles 5 percent after OPEC hints at smaller output cut
Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.
Arrest of Huawei ‘heiress’ throws rare spotlight on family
Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded.
Explainer: Who is China’s Huawei Technologies and why is it controversial?
The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a …
Bombardier expects to deliver up to 155 business aircraft in 2019
Bombardier Inc said on Thursday it expects to deliver 150 to 155 business aircraft in 2019, as the Canadian plane maker’s Global 7500 jets go into service later this year.
OPEC oil cuts at risk as Russia yet to commit
OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.
U.S. appeals court to hear arguments to stop AT&T purchase of Time-Warner
The U.S. Justice Department goes before an appeals court on Thursday to urge a three-judge panel to overturn a lower court ruling and order wireless carrier AT&T Inc to undo its $85.4 billion purchase of entertainment company Time Warner, one of the largest media mergers ever.
