Sprint’s revenue beats estimates as price cuts draw subscribers
(Reuters) – Sprint Corp’s quarterly revenue fell less than expected as the U.S. mobile provider attracted more subscribers by cutting prices and offering promotions, driving its shares up more than 6 percent on Thursday.
Exclusive: Venezuela ends Algeria oil imports due to logistical, price issues – sources
HOUSTON (Reuters) – Venezuela’s state-run oil company PDVSA has stopped purchases of Algerian light crude to blend with its extra-heavy oil because of technical problems and disagreements with the seller, sources said.
Lackluster forecast overshadows Michael Kors’ profit beat
(Reuters) – Michael Kors Holdings Ltd forecast a lower-than-expected profit for the current quarter, disappointing investors used to the luxury accessories retailer’s spectacular growth over the past three years.
U.S. trade deficit widens; weekly jobless claims up modestly
WASHINGTON (Reuters) – The U.S. trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports, which could see the fourth-quarter economic growth estimate revised lower.
Ford completes 2.3 billion euro investment in Spanish car plant
MADRID/DETROIT (Reuters) – U.S. car manufacturer Ford announced on Thursday the final part of a 2.3 billion euro ($2.6 billion) expansion of its operations in Spain, in what it called the biggest ever investment in the country’s auto industry.
SoftBank says will not consolidate Sprint’s $2 billion impairment charge
TOKYO (Reuters) – Japan’s SoftBank Corp said on Thursday it would not recognize in its consolidated financial statements the $2.1 billion impairment charge made by its majority-owned U.S. telecoms network operator Sprint Corp , because of differing acc…
U.S. productivity falls in fourth quarter; labor costs rise
WASHINGTON (Reuters) – U.S. nonfarm productivity braked more sharply than expected in the fourth quarter, while unit labor costs rebounded after falling in the prior three months.
Coke’s Fuze and Gold Peak brands top $1 billion in sales
NEW YORK (Reuters) – Three years ago, Coca-Cola Co ended a joint venture with Nestle SA to sell iced tea in the United States and focused on the ready-to-drink teas it was developing in-house.
The burger-loving Brit: McDonald’s new CEO takes on sales slump
LONDON (Reuters) – A decade ago McDonald’s UK business needed better menus and a fresh image to catch up with consumer tastes. Now the U.S. firm, facing the same problems but on a much bigger scale, has turned to the man who fixed it for them last time…
BT seals EE deal to dominate British telecoms market
LONDON (Reuters) – BT finalised a deal on Thursday to buy mobile operator EE for 12.5 billion pounds ($19 billion) and now faces a contested approval process to seal its status as Britain’s dominant communications company.
