International Companies
Rite Aid surges on Albertsons merger plan
Shares in drugstore chain Rite Aid surged in pre-market trade on Tuesday as it agreed for grocery chain Albertsons to buy the remainder of the company that isn't being sold to Walgreens Boots Alliance.
Bankruptcy fret: guitar-maker Gibson up to its neck in debt
Guitar manufacturer Gibson may be pushed into bankruptcy as a declining interest in rock music has led to an industry suffering from dire financial problems.
Randgold, Glencore and other miners club together to fight Congo legislation
A group of mining companies, including Glencore and Randgold Resources, have banded together in an effort to halt legislative changes in the Democratic Republic of Congo (DRC).
Deutsche Bank looking to cut more than 250 jobs at corporate and investment banking arms
Deutsche Bank began making moves to cut no less than 250 jobs in its corporate and investment bank units, as it looks to stem the flow of expenses while its securities division continues to slide.
KFC forced to close 750 UK shops after running out of chicken
KFC has been forced to close 750 of its 900 restaurants in the UK after its new supplier failed to deliver promised supplies.
Kraft Heinz falls short on fourth quarter sales targets as US demand dwindles
Ketchup maker Kraft Heinz posted declining organic sales in its fourth-quarter report card on Friday, saying demand for its products had weakened across the US.
Kitron shares stumble despite strong Q4 revenue and profit
Share in Scandinavian electronics manufacturer Kitron took a tumble on Friday even as it reported strong revenue growth and improved profits.
India's PNB hit by $1.8bn worth of fraudulent operations
India’s Punjab National Bank (PNB) has uncovered a $1. 8bn fraud that benefited a small group of customers and could affect other banks.
Lidl keeps up pace with store openings to overtake upmarket rivals
Lidl is set to open 19 new stores in the first two months of 2018, creating 700 new jobs across the country, as the German-owned discounter looks to overtake Waitrose as the UK's seventh largest grocer.
Gunmaker Remington files for bankruptcy as US gun sales fall
Remington is preparing to file for bankruptcy after reaching an agreement transferring the ownership of the 200-year-old company to its lenders.
United Airlines flight forced into emergency landing after engine cover blows off
A United Airlines flight destined for Hawaii was forced to make an emergency landing just forty minutes short of its destination on Tuesday after one if its engines began to disintegrate mid-flight.
Storm clouds on the horizon for Amazon as Walmart ups the ante
Walmart has announced plans to go head-to-head with Amazon, building its own internal cloud network to store almost limitless client information and manage sales.
Danone to cut stake in Yakult to 7%
Danone has announced plans to cut its holding in Japanese probiotic dairy drink maker Yakult to around 7% from 21. 3% in a move that reflects its "continued focus on disciplined capital allocation".
Russia eyes Saudi Aramco IPO investment
A Russian and Chinese joint investment fund, working in conjunction with several major Russian banks, has made moves to take part in the much awaited Saudi Aramco initial public offering, according to a sovereign Russian investment fund head.
Ryanair will pay over 100m euros more to pilots after union protests
Budget carrier RyanAir has announced that the 20% increase in salaries it's negotiating with its pilots will push its costs €100m higher next year.
Amazon plans hundreds of job cuts in Seattle
Amazon is planning hundreds of layoffs at its Seattle headquarters and across its operations worldwide, a rare move following an eight-year long hiring spree which saw its Seattle workforce soar from 5,000 in 2010 to 40,000.
Airbus stalls amid P&W engine failure
Shares in European jet manufacturer Airbus fell on Monday after it was forced to suspend some deliveries of its A320neo after technical faults.
George Soros donates an extra £100,000 to pro-EU campaign
George Soros has pledged a further £100,000 to Best of Britain, an anti-Brexit campaign fighting to keep the UK in the European Union, in answer to criticism of his previous donation to the group (£400,000).
CSRA shares rocket on $9.6bn General Dynamics deal
Shares in government IT business CSRA rocketed in pre-market trade on Monday after it agreed to be bought by General Dynamics for $9. 6bn.
NY State files lawsuit against Harvey Weinstein's Company
The State of New York has filed a lawsuit against The Weinstein Company, Mr Weinstein and his brother accusing them of not protecting their employees from sexual harassment, bullying and intimidation from Harvey Weinstein himself and other executives.