Business News

Pernod CEO: in regular and 'courteous' talks with Elliott

PARIS (Reuters) - Drinks group Pernod Ricard is having regular and “courteous” talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. “There is a regular dialogue between the teams, but we do not see them more than other shareholders. My ambition remains to deliver on our strategic plan, tha...

18 Apr 7:40 AM 0 Read More...

Unilever first-quarter sales top expectations

LONDON (Reuters) - Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half of a 3 to 5 percent range. Rival Nestle also reported bette...

18 Apr 7:40 AM 0 Read More...

Nestle upbeat after U.S. and China boost first-quarter growth

ZURICH (Reuters) - Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year. The world’s biggest food group, with brands such as Maggi soup and KitKat bars, said its biggest markets, the United States and China, had shown a strong trend in the quarter,...

18 Apr 7:40 AM 0 Read More...

Boeing making ‘steady progress’ on path to 737 MAX software certification: CEO

WASHINGTON/CHICAGO (Reuters) – Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. Boeing’s newest 737 model, the MAX, was grounded worldwide in March following two fatal crashes, one on Lion Air in Indonesia on Oct. 29 and another on Ethiopian A...

18 Apr 3:05 AM 0 Read More...

Boeing making 'steady progress' on path to 737 MAX software certification: CEO

WASHINGTON/CHICAGO (Reuters) - Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. Boeing’s newest 737 model, the MAX, was grounded worldwide in March following two fatal crashes, one on Lion Air in Indonesia on Oct. 29 and another on Ethiopian Airlines o...

18 Apr 2:39 AM 0 Read More...

Explainer: How 5G drove moves by Apple, Qualcomm and Intel

SAN FRANCISCO (Reuters) - Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. The entire drama played out as the mobile phone industry prepares to shift to a technology called 5G. Echoing complaints from the U.S. Federal Trade Commission, Apple had alleged that Qualcomm used its patent licensing busin...

18 Apr 2:39 AM 0 Read More...

Wisconsin governor says he wants to renegotiate Foxconn contract

(Reuters) - Wisconsin’s governor said on Wednesday he wants to renegotiate the state’s contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state. FILE PHOTO: President Donald Trump, along with Terry Gou, founder and chairman of Foxconn, and Masayoshi Son, CEO of Softbank, talk after the Foxconn Technology Group grou...

18 Apr 2:39 AM 0 Read More...

FCC set to block China Mobile bid to provide U.S. services

(Reuters) - Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd’s bid to provide U.S. telecommunications services, citing security risks, and said the commission will vote on whether to deny the company’s application in May. China Mobile is seeking approval to provide services for phone calls between the United States and other countries. It is not seeking approval to...

18 Apr 2:39 AM 0 Read More...

Tesla holdings slashed by T. Rowe Price funds in latest cuts by investor

(Reuters) - T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed on Wednesday, as the institutional investor continued to cut its positions in the electric vehicle maker. The firm, which has been one of the largest investors in the Silicon Valley company, sold off 92 percent of its prior holdings in the company during the quarter, Refinitiv data showed. That drop represented the funds fo...

18 Apr 2:39 AM 0 Read More...

Samsung Galaxy Fold’s screen malfunctions after a day, some reviewers say

NEW YORK (Reuters) – Samsung’s new Galaxy Fold, a splashy $1,980 phone that opens into a tablet, is malfunctioning for some journalist reviewers after only a day or two of use, according to posts on social media on Wednesday. The problem seems to be related to the unit’s screen either cracking or flickering, according to Twitter posts by technology journalists from Bloomberg, The Verge and CNBC who rece...

17 Apr 9:59 PM 0 Read More...