Nestle sees no direct implications on business from Iran sanctions
Nestle sees no direct fallout from renewed U.S. sanctions on Iran, the world’s biggest food company said on Tuesday.
Overseas costs drag on profits at Domino’s Pizza; shares slide
Rising overseas costs, particularly in Norway, overshadowed an improvement in sales at Domino’s Pizza Group , pushing first-half pre-tax profit down almost 10 percent and sending the company’s shares to an 11-month low.
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
Superyacht linked to 1MDB probe arrives at Malaysian port
A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized.
Alibaba merging China food delivery units to counter Tencent-backed Meituan
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, sources told Reuters.
China bounce pushes world shares toward six-month high
World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe followed Wall Street’s best close since January.
Tesla starts hiring for new $2 billion Shanghai plant
Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project.
Baidu ready to beat Google if U.S. firm returns to China: CEO
Baidu Inc is prepared to win against Alphabet Inc’s Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago.
GlaxoSmithKline appoints HSBC’s Iain Mackay as new CFO
GlaxoSmithKline has named Iain Mackay from global bank HSBC as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she reshapes the top team at Britain’s biggest drugmaker.
Daimler abandons Iran expansion plans as sanctions bite
German car and truck manufacturer Daimler on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday.
