Business
Meatpacker JBS To Seek Damages From Founders After Brazil Shareholder Vote
Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America's largest economy.
US Judge Postpones Donald Trump's TikTok Ban in Suit Brought by Users
Another federal judge in September postponed a Trump administration order that would have banned TikTok from smartphone app stores.
Apple Shares Fall As IPhone Sales Dip Weighs On Record Quarterly Results
Apple Inc's shares fell nearly 5% in premarket trading after the world's most valuable public company reported a steep fall in iPhone sales in China, hurt by the delay of its new model due to the COVID19 pandemic.
Twitter Beats Revenue Expectations But Misses On User Growth
Twitter Inc on Thursday widely beat analyst expectations for quarterly revenue as ad sales rose with the return of sports and other events, but it added fewer users than Wall Street had expected.
Tech Earnings Tsunami Buoys Alphabet, Sinks Apple
Alphabet rallied, Apple sank and Twitter tumbled on Thursday after a mixed bag of quarterly reports from toptier technology companies that investors have relied on this year to power a stock market rally through the coronavirus pandemic.
Stocks Rally To Pare Weekly Loss; Oil Falls Further
Crude oil fell again on Thursday as lockdowns in Europe and rising cases elsewhere clouded the energy demand outlook, while stocks rose as Wall Street rallied.
Cabinet Nod to Programme for Maintaining, Improving 736 Dams
Providing details, he said the first phase of the programme was launched in 2012. It ended in 2020 under which 223 dams in seven states were included. Eighty per cent of the amount under the plan will be funded by the World Bank and another organisation.
Tiffany Agrees To Revised Terms On LVMH Takeover Deal
The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly lower offer from from LVMH in Paris.
Lloyds Bank Third Quarter Profit Boosted By Home Loan Lending Boom
Lloyds Banking Group posted forecastbeating third quarter profit on Thursday, cashing in on a coronavirusdriven boom in demand for mortgages as it lowered its provisions for expected bad loans due to the pandemic.
Sanofi Raises Outlook As Speciality Care And Vaccines Lift Sales
Sanofi raised its 2020 earnings guidance for the second time this year after posting slightly strongerthanexpected thirdquarter results on Thursday, helped by growth at its speciality care and vaccines units.
AB InBev Beer Sales Revive, But Interim Dividend Scrapped
AnheuserBusch InBev, the world's largest brewer, reported a surprise increase in thirdquarter beer sales on Thursday, although profits dipped and it scrapped its interim dividend.
Orange Beats Forecasts In Third Quarter, Raises Interim Dividend
Telecoms operator Orange posted on Thursday a 0.4% decline in its thirdquarter core operating profit, beating market expectations thanks to continued proceeds from French peers that are cofinancing its broadband fibre network.
Next Crop Of COVID-19 Vaccine Developers Take More Traditional Route
The handful of drugmakers dominating the global coronavirus vaccine race are pushing the boundaries of vaccine technology. The next crop under development feature more conventional, proven designs.
General Electric, First Solar Rise; Callaway, Carnival Fall
Stocks that moved heavily or traded substantially Wednesday:
FBIwarns Ransomware Assault Threatens US Healthcare System
The FBI and two federal agencies say cybercriminals are unleashing a major ransomware assault against the U.S. healthcare system. Independent security experts say it has already hobbled at least four U.S. hospitals this month, and could potentially impact...
New Program Allows Soldiers To Innovate From The Bottom Up
In combat, U.S. Army Maj. Evan Adams is a tank officer responsible for leading intricate cavalry and reconnaissance operations. But more than a decade ago, he was a graphic design major in college, a skill he put to use in a new Army effort aimed at gathe...