Company

admin September 21, 2018

Procter & Gamble, the maker of familiar brands like Tide, Pampers, Gillette and Bounty, has been knocked around the past few years by lackluster sales and new competitors. Its latest headache is President Donald Trump’s trade war with China. For P&G, the Trump administration’s latest round of tariffs on Chinese imports will raise the cost […]

admin September 21, 2018

The head of a big publicly traded pot company said he’s preparing for potential changes that will make his products available in America. Cannabis is still illegal in the United States under federal law, even though a number of states have legalized marijuana. But Bruce Linton, the co-founder and CEO of Canopy Growth (CGC), told […]

admin September 21, 2018

First it was HSBC. Then ING. Now Danske Bank. European banks are still uncovering money laundering on a vast scale. Danske Bank (DNKEY), Denmark’s largest bank, admitted Wednesday that an internal investigation had uncovered a large number of suspicious accounts and transactions at its branch in Estonia. The bank said the branch handled about €200 […]

admin September 21, 2018

General Electric’s power problems just got worse, and the iconic company’s comeback efforts now look even more precarious. GE Power, the most troubled part of the slumping conglomerate, confirmed on Thursday that one of its gas turbines recently suffered a glitch at a Texas power plant. The failure was serious enough that Exelon (EXC) said […]

admin September 20, 2018

Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells Fargo (WFC) plans to cut 5% to 10% of its 265,000-person workforce. He cited “changing customer preferences,” including the […]

admin September 20, 2018

Business is worried enough about Britain crashing out of the European Union. Now it has a new nightmare: a blind Brexit that could extend the uncertainty over trade for years. Fears are rising that the United Kingdom may leave the European Union in March 2019 with a deal so vague that it gives companies and […]

admin September 20, 2018

Sky’s fate is likely to be decided in a one-day auction between Comcast and 21st Century Fox. The UK Takeover Panel announced Thursday it would hold an auction for the European broadcaster on Saturday if there’s no resolution to the long-running takeover battle by close of business on Friday. Sky (SKYAY) has been the subject […]

admin September 20, 2018

Companies in the front line of the trade war between the United States and China are anxious about what comes next. Executives at a World Economic Forum event in the northern Chinese city of Tianjin have been digesting the dramatic escalation in the conflict this week. Some appear relaxed, some worried, while others are hoping […]

admin September 19, 2018

The United States has an abundance of natural gas that pollution-riddled China badly needs to wean itself off coal. Eying China’s voracious demand, Cheniere Energy, ExxonMobil (XOM) and other American energy companies are racing to build more than two dozen expensive facilities to export liquefied natural gas, which is super-cooled natural gas that can be […]

admin September 19, 2018

EU antitrust regulators are examining how Amazon uses data and whether it has leveraged information gleaned from smaller retailers to boost its own sales. Competition Commissioner Margrethe Vestager said her office had started gathering information on the issue, while cautioning that the probe was still at a very early stage. Vestager said the goal was […]