International Companies
Verizon earnings given boost by Trump tax credit
American carrier Verizon reported earnings that fell just shy of Wall Street estimates for its fourth quarter but noted that recent reforms to US tax laws had resulted in a one-time reduction in net deferred income tax liabilities of around $16. 8bn.
To Infinity and Beyond: Morgan Stanley raises Netflix target price
Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
US imposes 'America First' tariffs on washing machines and solar panels, analysts sanguine
The White House has approved 30% tariffs as part of its new 'America First' trading policy in response to Chinese and South Korean manufacturers who are "damaging" domestic production.
Carrefour plans 2,400 job cuts as partners with China's Tencent
Carrefour is investing €2. 8bn in digital developments and has agreed to form an alliance with Tencent Holdings that could see the Chinese tech firm buy a stake in the French retailer.
Bacardi buys Patron in $5bn deal
Bermuda-based drinks giant Bacardi is to take control of Patrón tequila in a deal valuing the Mexican spirit-maker at $5. 1bn.
Netflix subscriber numbers surge to push market value above $100bn
Netflix bagged 8. 33m new subscribers in a bumper quarter end to 2017 and expects to add 6. 35m more in the first quarter of 2018, news that sent its market value above the $100bn mark overnight.
ADM makes bid for Bunge, Glencore seen lying in wait
US grain merchant Archer Daniels Midland (ADM) has proposed a takeover of New York-based agribusiness Bunge, a move that could potentially set off a bidding war with rival Glencore.
AIG reaches deal to acquire Bermudian insurer for $5.56bn
Global insurance company American International Group (AIG) has inked a deal to acquire Bermuda-based insurer and reinsurer Validus Holdings for $5. 56bn, as the group's new chief executive looked to reverse nearly ten years' worth of asset declines as a result of its near collapse in 2008.
British economy strong enough to survive Brexit, says former Goldman Sachs economist
The UK was likely to fair better than many forecasts had suggested, with the benefits of global growth in the next few years said to "easily dwarf" any blows as result of it leaving the EU, according to former Goldman Sachs economist Jim O'Neill.
Juno Therapeutics surges on Celgene deal
Juno Therapeutics was set to surge at the open on Monday after agreeing for Celgene to buy the shares in the biopharmaceutical group it does not already own for around $9bn in cash.
Richemont offers €38 a share to take over Yoox Net-a-Porter
Swiss luxury goods group Richemont has offered to buy the shares in Yoox Net-a-Porter it does not already own.
Teams with ethnic and gender diversity better for business, study reveals
Businesses perform better when they have a greater ethnic and gender diversity, with less diverse companies being 29% more likely to be less profitable, according to a study conducted by McKinsey & Co.
Kellogg's invests $66m into expansion of Brazilian operations
Cereal maker Kellogg's has made an investment of BRL 215m towards an expansion of operations in the south of Brazil, the company announced on Friday.
IBM falls despite posting first rise in revenue for 23 months
Tech-giant IBM closed out the 2017 calendar year with a rise in revenues for the first time in almost six years, but shares slipped in early trading after the firm warned that higher tax rates would eat away at its profits from the current trading year.
Suntrust earnings get boost from US tax reforms
US-lender Suntrust Banks posted net income of $710m from the three months leading to 31 December as the revaluation of its deferred tax liability and other discrete items added $291m to the group's bottom line.
Senate showdown looms to avert federal government shutdown
All eyes are on Capitol Hill and whether Senators from both sides of the aisle will manage to avert a federal government shutdown amid a looming bust-up over immigration.
Ryanair referred to HMRC over pay discrepancies
Two separate parliamentary committees have referred Ryanair to the employment and tax authorities after the low-cost carrier's "refusal to cooperate" with inquiries into staff pay and working conditions.
BP and Shell eyeing first purchases of Libyan crude in four years
Royal Dutch Shell and BP are said to have agreed to annual purchase deals of Libyan crude on Thursday as recovering production levels from the North African nation and decreased security fears began to draw in several of the world's largest oil companies.
Alcoa falls short of Wall Street expectations
US aluminium producer Alcoa's fourth-quarter profit and revenue fell short of market estimates as higher power prices in Spain coupled with ongoing droughts in Brazil that hampered bauxite production, increased expenses.
Amazon narrows list of potential locations for second headquarters down to 20
E-commerce giant Amazon has shortened its list of potential host cities for its second headquarters from 238 down to just 20.