By The Financial District
Meta Shares Up 20% As Zuckerberg Vows To Bolster Efficiency
For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential.
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By The Financial District
- 21 hours ago
- 2 min
Alaska Milk, D&G Pacific Launch Upcycling Facility
Alaska Milk Corp. and D&G Pacific Corp. on Feb. 2 launched a multi-layered plastic upcycling facility that aims to collect and upcycle...
By The Financial District
- 21 hours ago
- 2 min
Bugatti Sells Its Last Purely Gas-Powered Car For $10.7-M
Bugatti sold its last purely gas-powered supercar at a Paris auction for more than $10 million, setting a world auction record for a new...
By The Financial District
- 21 hours ago
- 1 min
Rolls-Royce's New Boss Says Company 'A Burning Platform
The new boss of Rolls-Royce, Tufan Erginbilgic, has described the engineering giant as a "burning platform" and said the company's...
By The Financial District
- 21 hours ago
- 2 min
White House Slams Exxon Profit As 'Outrageous'
Oil giant ExxonMobil reaped a record $55.7-billion (£45.2 billion) in profit last year as oil prices surged following Russia's invasion of..
By The Financial District
- 21 hours ago
- 2 min
NY Attorney General Seeks Sanctions vs Trump For Lying
New York Attorney General Letitia James has asked the judge overseeing her $250m fraud lawsuit against Donald Trump, his three eldest...
By The Financial District
- 2 days ago
- 1 min
Musk’s Starlink PH Service Expected To Start In Q1
Starlink, the satellite internet unit of Elon Musk’s SpaceX, is on track to enter the Philippine market this year, with its broadband...
By The Financial District
- 2 days ago
- 1 min
Ukraine War Helps Shell Double Its Profit
Global energy giant Shell said that its annual profits doubled to a record high last year as oil and natural gas prices soared after...
By The Financial District
- 2 days ago
- 1 min
Ford 4Q Profit Drops 90%; Cost-Cutting Spree Looms
Ford Motor Co. reported Thursday that its fourth-quarter net income fell 90% from a year earlier, leading company officials to say the...
By The Financial District
- 3 days ago
- 2 min
Concepcion Doubled Q4 Net Earnings
Listed supplier of home appliances Concepcion Industrial Corp. (CIC) has announced that it closed the fourth quarter of 2022 with P60...
By The Financial District
- 3 days ago
- 2 min
Globe, Japan Firm To Complete Subsea Cable laying By April
Globe Telecom, Inc. and its partners have commissioned a Japanese company to finish by April the last leg of a submarine cable network...
By The Financial District
- 3 days ago
- 1 min
Starbucks Misses Sales, Revenue Forecasts
Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger...
By The Financial District
- 3 days ago
- 1 min
Amazon Tops Q4 Revenue Forecast But Profits Skid
Amazon has reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing...
By The Financial District
- 3 days ago
- 1 min
JAL Posts $127-M Net Profit From April-December 2022
Japan's two biggest airlines on Thursday posted net profit for the April to December period, marking the first time Japan Airlines Co. and..
By The Financial District
- 4 days ago
- 2 min
Berlin Spends €20-M To Supply Kyiv With German Drones
Ukraine's army has put in an order for drones from Quantum-Systems. The German government is funding the deal with the Bavarian start-up.
By The Financial District
- 4 days ago
- 1 min
Intel Cuts Staff, Exec Pay As PC Market Sinks
Intel Corp. has said that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected...
By The Financial District
- 4 days ago
- 2 min
Tesla To Raise Shanghai Output After Price Cuts Spurred Demand
Tesla plans to step up output at its Shanghai plant over the next two months to meet demand spurred by aggressive price cuts on its best...
By Gerry Urbina
- 4 days ago
- 2 min
Subway Reports Record Sales
Subway has reported a year of record sales due to its transformation journey, which included menu innovation, restaurant modernization...
By The Financial District
- 5 days ago
- 1 min
Adani Loses Crown As Asia's Richest As Stock Rout Rises To $86-B
Shares in Indian tycoon Gautam Adani's conglomerate plunged again on Wednesday as a rout in his companies deepened to $86 billion in the...
By The Financial District
- 5 days ago
- 2 min
Airbus, Qatar Edge Closer To A Deal In A350 Row
Airbus and Qatar Airways are edging towards an agreement to settle a bitter dispute over grounded A350 jets.
By The Financial District
- 5 days ago
- 1 min
Apple Workplace Rules Violate U.S. Labor Laws
Apple Inc. maintains workplace policies that unlawfully discourage employees from discussing working...
By The Financial District
- 5 days ago
- 1 min
Exxon Profit Zooms On Higher Prices, War
Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating, and consumer..
By The Financial District
- 5 days ago
- 1 min
Adult Happy Meals, Other Promos Boosted McDonald's Sales In 4Q
Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher...
By The Financial District
- 5 days ago
- 2 min
ChatGPT Maker Releases Tool vs Cheating
The maker of ChatGPT is trying to curb its reputation as a freewheeling cheating machine with a new tool that can help teachers detect if...
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