Kraft Heinz books more than $1 billion in charges, first-half profit slumps
Kraft Heinz Co’s net income halved in the first six months the year as the packaged food maker disclosed well over $1 billion in charges...
U.S. weekly jobless claims unexpectedly fall
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing....
Oil rises due to firm yuan, expectations of more OPEC cuts
Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts, coupled with a steadying of...
Equinor’s power and gas trading unit expands to the U.S.
Danske Commodities, a power and gas trading firm owned by oil major Equinor , has expanded its operations to the United States, completing its first...
Markets find a floor as Chinese data soothe nerves
Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data, while a steadying of the yuan restored some calm to global markets...
Viacom beats quarterly revenue, profit estimates as ad revenue rebounds
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat estimates for quarterly revenue and profit on Thursday, as it posted rare growth...
China data, steadying yuan lift futures
U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled...
Viacom beats quarterly revenue estimates
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic...
Bayer buys BlueRock in $600 million bet on stem cell therapies
German drugmaker Bayer is paying up to $600 million for full control of cell therapy developer BlueRock Therapeutics, stepping up investment in a promising new...
Honda to recall 222,674 Accord vehicles in China
Honda Motor Co Ltd’s venture with Guangzhou Automobile Group Co Ltd will recall 222,674 Accord sedans in China, market regulators said on Thursday, after recent...