Beat laments Uber’s Colombia departure, but will not hold back in its absence
Ride-hailing company Beat hopes rival Uber will return to Colombia, but meanwhile, it will capitalize on the void it left and try to fill it,...
Defense aircraft demand lifts U.S. factory orders; underlying softness remains
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak...
Stocks surge, oil rebounds on China virus efforts
Crude oil prices rebounded and global equity markets surged on Tuesday as China’s efforts to minimize the economic impact from the coronavirus epidemic spurred investors’...
U.S. Federal Reserve bars Goldman Sachs executive from industry for role in 1MDB scandal
The U.S. Federal Reserve announced Tuesday it had permanently barred Goldman Sachs executive Andrea Vella from the banking industry for his role in Malaysia’s 1MDB...
Carlsberg beer sales hit by China’s shuttered karaoke bars
Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg’s biggest market, but the Danish brewer said on Tuesday it was not changing...
Ralph Lauren holiday margin gets boost from higher prices for winter wear
Higher prices for Ralph Lauren Corp’s down jackets and fleeces during the crucial holiday season boosted its margin and helped the company beat quarterly profit...
Hyundai to halt South Korea output as China virus disrupts parts supply
Hyundai Motor will suspend production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said, becoming the first major carmaker...
Hedge funds hold their nerve on China, seek opportunities
Hedge funds are holding their nerve on China’s ability to rebound quickly from a coronavirus outbreak that has rattled global markets, but many are also...
ConocoPhillips misses profit estimates, boosts share buyback by $10 billion
ConocoPhillips boosted its share buyback program by $10 billion on Tuesday even as lower oil and gas prices continued to batter the world’s largest independent...
Google parent Alphabet loses trillion-dollar status after revenue miss
Alphabet Inc shares fell 4% on Tuesday after the search giant posted its first holiday-quarter revenue miss in five years, even as new disclosures on...