Category Archives: Business News

By Babak Dehghanpisheh and Tim Hepher | DUBAI/PARIS DUBAI/PARIS Iran’s Aseman Airlines has signed a tentative deal to buy at least 30 Boeing (BA.N) 737 MAX jets, in the first new business with the U.S. planemaker since President Donald Trump took office vowing to take a tougher stance toward Iran. Owned by Iran’s civil service […]

WASHINGTON The U.S. Federal Communications Commission voted to reverse a requirement imposed under the Obama administration that Charter Communications Inc extend broadband service to 1 million households that currently have service, a source briefed on the matter said. The decision was a win for a group representing smaller cable companies that petitioned to overturn the […]

LONDON Credit Suisse (CSGN.S) has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Zurich-based Credit Suisse was pulled into an international tax evasion and money laundering investigation on Thursday when […]

FRANKFURT German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen (VOWG_p.DE) emissions scandal, Automobilwoche magazine reported on Saturday. “We hope to conclude lawsuits … this year,” Klaus Ziehe, spokesman for the Braunschweig state prosecutors office in Lower Saxony state, where Volkswagen is headquartered, was quoted as saying by the […]

BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer’s shift to the higher-margin software business paid off, sending shares soaring more than 15 percent. The Canadian firm also said on Friday it expects to be profitable on an adjusted basis for the second year in a row, and generate […]

The U.S. Department of Commerce on Thursday awarded a 25-year contract to AT&T Inc for the construction of a nationwide wireless broadband network to better equip first responders during emergencies. FirstNet, an independent arm of the Department of Commerce, will provide the No. 2 U.S. wireless carrier with 20 megahertz of telecom spectrum and success-based […]

By Anjuli Davies and Andrew MacAskill | LONDON LONDON Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday. Investments banks Goldman Sachs and Nomura were among those who sent messages […]

By Yashaswini Swamynathan U.S. stocks struggled for direction on Tuesday as investors chose to look beyond President Donald Trump’s first major policy setback, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen. A failed healthcare bill sent the dollar and stocks down on Monday as investors questioned Trump’s ability to push […]

Buffalo Wild Wings Inc (BWLD.O), battling activist hedge fund Marcato Capital Management LP in a proxy fight, escalated tension between the two sides on Monday by tapped one of Marcato’s own nominees for its director slate. The restaurant chain nominated Janice Fields, a veteran executive at McDonald’s Corp (MCD.N), and Sam Rovit, the CEO of […]

By Vladimir Soldatkin and Rania El Gamal | KUWAIT KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports […]