International Companies
UK parliamentary committee flies to Washington for fake news inquiry
MPs will question senior executives and journalists from CNN, the New York Times and CBS News in Washington as part of a parliamentary enquiry into fake news on Thursday.
Nintendo posts best third-quarter since 2009
Japanese video games maker Nintendo returned its strongest third-quarter operating profit since 2009, leading the company to up its earnings estimates thanks to a renewed interest in its Switch console.
Cryptocurrency startup vanishes with small haul of investors' cash
Almost traces of an Ethereum individual coin offering that promised to revolutionise the fruit and vegetable industry disappeared from the internet overnight, including a chunk investors' cash.
Amazon, JPM, Buffett take aim at US healthcare 'tapeworm'
Healthcare companies found themselves in the crosshairs of three of the US' biggest corporate guns on Tuesday as Amazon, JP Morgan and Warren Buffett's Berkshire Hathaway joined forces to cut sickness insurance costs for their employees.
Pfizer beats Wall Street estimates on tax gain
US drugmaker Pfizer beat analysts' estimates for adjusted profits on Tuesday, leading the group to issue a bullish forecast for the current trading year after Donald Trump's tax reforms reduced its tax rate from 23% to 17%.
Apple to halve iPhone X production due to disappointing sales
Apple will slash production of its flagship smartphone in 2018 after the already underperforming iPhone X continued to miss sales targets.
SAP to buy Callidus Software in $2.4bn deal
German software company SAP has agreed to buy cloud-based human resources software group Callidus Software, which trades as CallidusCloud, for a total enterprise value of $2. 4bn through its SAP America unit.
Dr Pepper Snapple to merge with Keurig to create drinks giant
Dr Pepper Snapple and Keurig Green Mountain have agreed to merge to form a beverage company with annual revenue of around $11bn.
Sanofi to buy Belgian biotech group Ablynx for €3.9bn
Shares in Belgian biotech company Ablynx surged on Monday after it agreed to be bought by French pharmaceutical group Sanofi for €45 per share in cash, or €3. 9bn.
Bombardier wins case against Boeing over import tariffs
Plane maker Bombardier has won a legal battle in the US against import tariffs on its C-series aircraft, the company said on Friday .
Intel posts record results but warns on security flaws
Chipmaker Intel beat market expectations to report a record finish to 2017 – but the US giant also warned, for the first time, that fallout from recently discovered security flaws could prove damaging.
Aurora and CanniMed strike Canada's biggest pot deal yet
Two Canadian marijuana companies have merged and created a $6bn company after a takeover battle between the firms.
JPM's Dimon warns 4,000 UK jobs could go after Brexit
JP Morgan could cut more than 4,000 UK jobs if current financial rules are not maintained after Brexit, the bank's chief executive warned on Thursday.
Stripe to end Bitcoin payments
Stripe, the mobile payments processor that helps more than 100,000 business do transactions online, is officially shutting down Bitcoin payments on their site.
GE under investigation from US regulator after $6.2bn charge
General Electric is facing an investigation from the US Security and Exchanges Commission after it admitted to taking a $6. 2bn after-tax charge for insurance liabilities in the fourth quarter of last year.
Arsenal signs world-first cryptocurrency partnership with CashBet
Mobile-first iGaming platforms provider CashBet announced a partnership with English Premier League football club Arsenal ahead of the initial coin offering of its new cryptocurrency, CashBet Coin, which was designed specifically for iGaming.
Netflix now Virgin's fourth biggest channel
Virgin Media is hastening its upgrade of its set-top box due to a rising demand for faster access to Netflix.
US chipmaker Qualcomm fined €1bn by Brussels for collusion with Apple
US chipmaker Qualcomm has been fined €997m ($1. 2bn) by the European Commission, after it was found to have illegally paid tech giant Apple billions of dollars to use its chips exclusively.
New York sues big pharma firms over role in opioid crisis
New York City has filed a lawsuit in State Supreme Court against several drug manufacturers and distributors accusing them of being responsible of the deaths of many opioid addicts and the cost these illnesses pose to the city.
Proctor and Gamble posts minor profit increase
Consumer packaged goods company Procter and Gamble (P&G) beat Wall Street expectations with its second-quarter performance showing that its turnaround was progressing, despite being the centre of a social-media phenomenon known as the Tide Pod Challenge that has people around the globe convincing one another to consume P&G branded laundry detergent.