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Companies

GM says 'progress' made in wage talks with new union in Mexico

The pay negotiations are part of a high-profile test case for a new trade deal that seeks to close the vast gap between U.S. and Mexican wages.

25 days ago

By Daina Beth Solomon

Mexico

Apple reports solid Q2, but warns of $4-$8 bn hit from Covid, supply chain

In the March quarter, the technology giant reported earnings of $25 billion, up 5.8 percent from the year-ago period

25 days ago

By AFP News

Apple IPhone IPad

Gazprom profits soar on high energy prices

The group announced a net profit attributable to shareholders of 2.1 trillion rubles ($29 billion).

25 days ago

By AFP News

Russia Ukraine Poland European Union Vladimir Putin

Meta shares soar as Facebook records stronger-than-expected daily user growth

In its latest results, Meta forecast second-quarter revenue between $28 billion and $30 billion

26 days ago

By Nivedita Balu and Elizabeth Culliford

Facebook Mark Zuckerberg Instagram

Samsung Electronics Q1 operating profit jumps 51% on solid chip demand

Revenue rose 19% to a record 77.8 trillion won.

26 days ago

By Joyce Lee and Heekyong Yang

Samsung South Korea

Exclusive-Netflix inks Japan studio deal in Anime push

The Asia-Pacific region was the lone bright spot in Netflix's first-quarter earnings

27 days ago

By Dawn Chmielewski and Sam Nussey

Japan

Sanders calls on Biden to cut Amazon out of U.S. federal contracts

Biden has ousted government officials deemed by unions to be hostile to labor

27 days ago

By Kanishka Singh

Bernie Sanders Amazon

Tesla loses $126 billion in value amid Musk Twitter deal funding concern

Twitter's shares also slid on Tuesday, falling 3.9% to close at $49.68 even though Musk agreed to buy it on Monday for $54.20 per share in cash.

27 days ago

By Svea Herbst-Bayliss and Hyunjoo Jin

Twitter

Trump rules out Twitter return as Musk announces $44 bn purchase

The California-based platform has been dogged by complaints from conservatives that it was biased against them

28 days ago

By AFP News

Donald Trump Twitter

Twitter CEO tells employees company is in the dark over future under Musk

Agrawal also told employees there were no plans for layoffs.

28 days ago

By Sheila Dang and Katie Paul

Twitter Donald Trump

Twitter, under shareholder pressure, begins deal talks with Musk -sources

Twitter has not yet decided if it will explore a sale to put pressure on Musk to raise his bid

29 days ago

By Svea Herbst-Bayliss and Greg Roumeliotis

Twitter

McDonald's calls Icahn demands on sourcing pigs unfeasible, expensive

McDonald's said that it would require at least 300-400 times the animals housed today in "crate-free" systems to keep its supply chain running.

Apr 22, 2022

By Svea Herbst-Bayliss

Procter & Gamble profits rise on higher pricing

P&G reported a seven percent jump in revenues to $19.4 billion, due in part to five percent higher pricing.

Apr 21, 2022

By AFP News

Inflation

Ukraine war slams brakes on European car sales

Several factories in Europe have had to go idle due to the lack of cables, with Volkswagen temporarily suspending production at a number of German sites.

Apr 21, 2022

By AFP News

Ukraine Russia European Union

Tesla reports Q1 profits of $3.3 bn, topping expectations

A closely watched focus of analysts has been the impact of Covid-19 lockdowns on Tesla's Shanghai plant.

Apr 21, 2022

By AFP News

Netflix shares plunge as subscribers drop

The streaming television race is heating up, with Disney showing earlier this year that it was closing the gap with market leader Netflix

Apr 20, 2022

By Glenn Chapman

Netflix Apple

Trending now: Netflix's forecast as competition heats up

Analysts say the company's subscriber growth will come from developing regions where it has cut prices.

Apr 19, 2022

By Eva Mathews and Nivedita Balu

Netflix

Workers at New York Apple Store launch union campaign

The Apple effort comes as a Starbucks unionization drive backed by Workers United has spread nationally after election victories last year in New York.

Apr 19, 2022

By AFP News

Apple New York