Category Archives: Business News

FILE PHOTO – Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration TORONTO (Reuters) – A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a […]

FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo/File Photo (Reuters) – Amazon.com Inc said on Monday it had named Starbucks Corp Chief Operating Officer Rosalind Brewer as director, making her the second black woman to serve on the e-commerce giant’s […]

LONDON (Reuters) – Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, warning two months before Brexit that uncertainty over Britain’s departure was making it harder to plan for the future. Falling demand for diesel cars in Europe has forced Nissan to invest in […]

The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio SAO PAULO (Reuters) – General Motors Co said on Saturday it is negotiating “feasibility conditions” to invest 10 billion reais ($2.73 billion) in Brazil from 2020 to 2024, after having warned last month that […]

FILE PHOTO: Lloyd Blankfein, CEO of Goldman Sachs, listens to a question at the Boston College Chief Executives Club luncheon in Boston, MA, U.S., March 22, 2018. REUTERS/Brian Snyder (Reuters) – The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least $7 million from former chief executive […]

(Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, dimming the online retailer’s report of record holiday season profit. Shares of the company fell 1.7 percent to $1,690 after the bell. Amazon posted a 63 percent jump […]

(Reuters) – Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. FILE PHOTO: People walk outside the Microsoft office in Beijing, China, January 24, 2019. REUTERS/Thomas Peter/File Photo Shares of Microsoft, one of the most […]

SACRAMENTO (Reuters) – PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest wildfires in California’s history. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California and employs 24,000 people, vowed […]

FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, December 6, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday. Efforts to limit involvement of Chinese technology in […]