Australian wealth giant AMP, under pressure, says tougher laws would ‘distract’
Struggling Australian wealth manager AMP Ltd fears any new regulation of the finance sector would “distract” participants from acting ethically, it said on Thursday, striking a defiant tone after months of damaging allegations.
Alibaba’s on-demand online services unit valued at $30 billion: sources
Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters.
Walmart will offer Black Friday deals earlier this year
Walmart Inc said it would start offering holiday deals for customers as early as Thursday, as it prepares to compete with Amazon Inc , Target Corp and other rivals for shoppers on one of the busiest shopping days of the year.
Ford buying San Francisco-area e-scooter startup Spin
Ford Motor Co said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco.
Lenovo second-quarter net profit up 21 percent on premium computer sales
Chinese PC maker Lenovo Group reported a 21 percent rise in quarterly net profit, beating expectations, thanks to more premium computers it was able to sell.
Toshiba to shed troubled assets, cut jobs; shares jump nearly 12 percent
Toshiba Corp said it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, in an effort to shed troubled assets that could have exposed the Japanese company to future losses.
Toshiba to pay $800 million to exit U.S. LNG business
Japan’s Toshiba Corp said on Thursday it is exiting its U.S. liquefied natural gas (LNG) business and paying an overseas “buyer” it did not identify $800 million to assume its commitment to purchase 2.2 million tons per year of the fuel from Freeport …
Starbucks partners with UberEats in Japan
Starbucks Corp said on Wednesday it was partnering with UberEats to deliver coffee and food in Tokyo starting Friday, as the world’s largest coffee chain looks to boost sales in Japan, one of its major Asia-Pacific markets.
Bombardier to sell Q400 Turboprop aircraft program to Viking Air: source
Bombardier Inc is set to announce the sale of its Q400 turboprop aircraft program to Canadian aircraft manufacturer Viking Air, a person familiar with the matter said late on Wednesday.
China October export growth surprisingly strong in race to beat higher U.S. tariffs
China reported stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, seeking to beat higher tariff rates due to kick in at the start of next year.
