International Companies
UK unions urge investors to press Amazon on staff working conditions
UK trade unions are lobbying investors to pressure Amazon into improving the working conditions for its warehouse staff who must endure targets that can even lead to physical injury.
Ford plans to cut 7,000 jobs amid global sales slowdown
Ford plans to eliminate around 10% of its global workforce or 7,000 jobs as it tries to keep up with changes in the auto industry amid a slump in global sales.
Sprint surges as FCC chairman recommends approval of T-Mobile merger
Shares in Sprint Corp surged on Monday after US Federal Communications Commission chairman Ajit Pai said he would recommend approval of its $26. 5bn merger with T-Mobile.
Lumentum cuts outlook as it becomes latest company to halt Huawei shipments
Lumentum has ceased shipments to Huawei, the Chinese telecoms giant, forcing the US technology company to slash its quarterly outlook.
Dish serves up $800m deal with EchoStar
American satellite TV broadcaster DISH Network has acquired a swathe of assets from EchoStar in a deal worth $800m.
Google to curtail Huawei's Android access after US blacklisting
Google has restricted mobile phone giant Huawei from some features of its Android operating system following the Trump administration's blacklisting of the Chinese outfit.
Ryanair posts smallest annual profit in four years, says it has "zero" 2H visibility
Ryanair, Europe' largest airline, posted its weakest annual profit for four years at the start of the week and warned that overcapacity, Brexit and delays in taking deliveries of the Boeing 737 MAX might weigh on earnings further still this year.
Boeing completes 737 Max software updates
Boeing said on Thursday it had completed a software update for its 737 Max jets after they were grounded in March in response to the two fatal crashes that killed all passengers on board.
Deere & Co earnings fall short of estimates for fifth consecutive quarter
Equipment manufacturer Deere & Co's profits fell short of estimates for a fifth straight quarter on Friday, leading the group to cut its full-year guidance amid the escalating trade war with China.
HP Enterprise to buy supercomputer maker Cray in $1.3bn deal
Hewlett Packard Enterprise has agreed to buy supercomputer maker Cray in a deal valued at around $1. 3bn.
ECB faces potential losses in Santander-LetterOne battle
The European Central Bank could face loses over the bonds it holds from Spanish company Distribuidora Internacional de Alimentacion (DIA) as LetterOne battles Santander bank to recapitalise the retailer.
Nestle plans sale of $10bn skincare group to EQT
Nestle is in talks to sell its skincare business to a group led by private equity outfit EQT Partners for $10. 1bn (£7. 88bn) in what would be the second largest private equity-backed M&A deal on the Continent since the financial crisis, according to data from Refinitiv.
Trump declares national emergency and bans Chinese telecoms
Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.
Airbus considers acquiring Bombardier Belfast plant
Airbus CEO Guillaume Faury said on Thursday that the company was considering buying Bombardier’s Belfast wing production plant as the Canadian company is looking to offload the site.
Walmart falls short on revenues, keeping close eye on trade talks
Walmart saw first-quarter earnings come in ahead of expectations on the Street but fell short on revenues on Thursday.
European Commission fines five banks €1bn for market rigging
Five major banks have been fined a total of €1. 07bn by the European Commission on Thursday due to foreign exchange market-rigging that took place from 2007 to 2013.
Macy's online growth helps to smash Q1 expectations
Macy's first quarter performance smashed expectations on Wednesday as online sales enjoyed double-digit growth and the company reiterated full-year guidance.
Walmart 'seriously considering' Asda IPO
Supermarket chain Asda could be floated, staff were told on Wednesday, after the competition authorities derailed its proposed tie-up with rival J Sainsbury.
UniCredit engages investment bankers in move to acquire Commerzbank
UniCredit engaged investment bankers Lazard and JP Morgan to advance a potential bid for German rival Commerzbank.
Disney takes full control of Hulu after Comcast deal
Comcast said on Tuesday that it has agreed to sell its stake in Hulu to Disney in five years but has given up its voting rights immediately, meaning that Disney now has full control of the streaming service.