Category Archives: Business News

By Tim Hepher and Victoria Bryan | CANCUN, Mexico CANCUN, Mexico A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry’s largest meeting of the year. Alexandre de Juniac, director general of the International […]

TOKYO Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan’s biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota […]

By David Shepardson and Susan Heavey | WASHINGTON WASHINGTON Several major U.S. companies, including Wal-Mart Stores Inc (WMT.N), JP Morgan Chase & Co (JPM.N) and IBM Corp (IBM.N), on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump’s withdrawal from the Paris climate accord. Citing the […]

By Pamela Barbaglia and Toby Sterling | LONDON/AMSTERDAM LONDON/AMSTERDAM In early March, U.S. paint maker PPG (PPG.N)’s Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel (AKZO.AS) boss Ton Buechner for lunch. There, the 59-year-old American ambushed Buechner with a takeover plan and price tag that his company had been working […]

By Jessica Toonkel | NEW YORK NEW YORK Just over a decade ago, CBS Corp (CBS.N) accelerated its push to own more of the shows it broadcasts, rather than licensing them from studios. That expensive and potentially risky decision is starting to pay dividends as the network’s international sales rise and more viewers watch television […]

By Rodrigo Campos | NEW YORK NEW YORK Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks. Shares of Amazon have risen 33 percent so far in 2017 alone, adding […]

By Gleb Stolyarov and Jack Stubbs | MOSCOW MOSCOW Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors. In a surprise statement, manufacturer Irkut Corporation (IRKT.MM) and its […]

By Sankalp Phartiyal | MUMBAI MUMBAI Indian mobile phone network operator Reliance Communications Ltd (RLCM.NS) posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world’s second-biggest mobile market by number of users. The launch last year of rival Reliance Industries’ (RELI.NS) new Jio 4G broadband […]

Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV (SITESB1.MX), the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. The move comes 18 months after sweeping regulatory reforms forced Slim to spin off Telesites from telecommunications company America Movil SAB de CV […]