Lyft asks Americans to ditch their cars for ride-hailing vouchers
Lyft Inc on Thursday said it was rolling out an offer to users in Los Angeles, San Francisco and Chicago to sell their cars in...
Big Oil gives Brazil the cold shoulder in second auction flop
Brazil held a second underwhelming oil auction in as many days on Thursday, as major global oil firms passed again on offshore blocks billed as...
Airbus reshuffles supply chain management amid delays
Airbus is overhauling the management of its supply chain and speeding up assembly at a plant in China as it faces ongoing industrial problems at...
Drake signs up for Toronto marijuana venture
The biggest of Canada’s new brand of marijuana producers will join forces with Toronto-born rap star Drake to launch a fully-licenced joint venture in the...
Ralph Lauren reports 6.5% rise in second-quarter profit
Ralph Lauren Corp reported a 6.5% rise in adjusted quarterly profit on Thursday, driven by tighter cost control and strong demand for its Polo shirts...
Teva Pharm nudges up earnings forecast, names new CFO
Teva Pharmaceutical Industries nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly met expectations....
Exclusive: KKR targets record $15 billion for new Asia-focused fund – sources
Global private equity group KKR & Co Inc is targeting a record $15 billion for its new Asia-focused buyout fund, three sources with knowledge of...
JD.com’s Liu resigns from China parliament advisory body: state tv
The advisory body of China’s parliament has accepted the resignation from the body of JD.com Chief Executive Richard Liu for “personal reasons”, China’s state broadcaster...
Rolls-Royce takes another $1 billion hit to fix problem engine
The bill to fix Rolls-Royce’s Trent 1000 engine has risen by another 800 million pounds ($1 billion) as the aerospace group battles to reduce disruption...
Delayed U.S. soybean cargo booked under waiver offloads, worries linger
A cargo of American soybeans booked in the hope it would be exempt from tariffs has been offloaded in China after about a one-week delay...