Company news : page 3

Companies

Major shake-up in UK grocery retailing as Sainsbury's and Asda plot 'epic' merger

Shock move would create the UK's largest supermarket chain with a 31% market share.

Apr 28, 2018

By Associated Press

Microsoft Windows adapts as its business importance declines

The company reported its financial results Thursday, and both its revenue and profits for the January-March quarter beat Wall Street forecasts.

Apr 27, 2018

By Associated Press

Microsoft Windows

Samsung's profit exceeds expectations thanks to memory chips

More than 70 percent of its latest quarterly operating income was generated by the semiconductor division.

Apr 26, 2018

By Associated Press

Samsung

Comcast moves to outfox Rupert Murdoch with Sky bid

Surprise £22 billion takeover offer from US media giant.

Apr 25, 2018

By Associated Press

Rupert Murdoch

Japanese drugmaker Takeda targets US market in $64bn mega-deal to buy Shire

Shire would give Takeda a larger presence in the US and access to the company's expertise in rare diseases.

Apr 25, 2018

By Associated Press

Japan

French billionaire Vincent Bollore detained in Africa corruption probe

Known as a corporate raider, Bollore is one of France's richest men, with a net worth of $6.6 billion.

Apr 24, 2018

By Associated Press

France Paris

Consumer finance champion Martin Lewis says more needs to be done to stop the payday loan debt spiral (Photo: Reuters)

UK's most popular financial expert taking Facebook to UK court over fake ads

Martin Lewis, who founded the MoneySavingExpert website, says his name has appeared on many advertisements that are get-rich-quick scams to con people.

Apr 23, 2018

By Julian Kossoff

Facebook

Would you like a pole dancing colleague? Crude gender discrimination rife in Chinese recruitment

Many hiring advertisements openly calling only for male applicants and using the attractiveness of female co-workers as a draw.

Apr 23, 2018

By Associated Press

China accelerating into the future with electric cars

China's auto show to reveal electric ambitions to clean-up its smog-chocked cities and become a technological world leader.

Apr 22, 2018

By Associated Press

Scandal-hit Wells Fargo agrees $1 billion settlement for mortgage, auto lending abuses

Wells Fargo has been called out specifically by President Trump as a bank that needed to be punished for its bad behaviour.

Apr 20, 2018

By Associated Press

Value versus growth: The great investment debate

Has the the time come for growth-focused investors to hand on the baton to their counterparts in the value camp?

Apr 20, 2018

By Tom Stevenson

Bank charged dead clients for financial advice

The Commonwealth Bank, Australia's largest bank, admitted one of its advisers charged a dead client service fees for a decade.

Apr 19, 2018

By Associated Press

Goldman Sachs enjoys 26pc surge in profits thanks to lower tax and buoyant trading

Goldman earned $2.83 billion, or $6.95 a share, compared with $2.26 billion, or $5.15 a share, in the same period a year earlier.

Apr 17, 2018

By Associated Press

Goldman Sachs

'It is my big fault': Second Korean Air heiress has tantrum and is suspended

he case is seen as the latest abuse of power by elite business families which exercise outsized influence over publicly listed companies in South Korea

Apr 16, 2018

By Associated Press

South Korea

World's top advertising executive resigns amid allegations of personal misconduct

Sir Martin Sorrell, the head of the world's largest advertising agency, WPP, has stepped down after an internal investigation.

Apr 15, 2018

By Associated Press

The Trump dividend: JPMorgan hits record quarterly profit, helped by lower taxes

JPMorgan Chase, the nation's largest bank by assets and deposits, had a profit of $8.71 billion

Apr 13, 2018

By Associated Press

Donald Trump

Bayer reaches deal with U.S. for approval to buy Monsanto: Report

The combined company will own more than a quarter of the world's seeds and pesticides market.

Apr 10, 2018

By Reuters

200-year-old-u-s-gunmaker-files-for-bankruptcy

Pro-gun Trump helps kills off frontier arms maker Remington

Fading sales and Remington's production of one of the most well-known and notorious weapons in the world, the Bushmaster AR-15, have overwhelmed the Madison, North Carolina, company.

Mar 26, 2018

By Associated Press

Donald Trump