International Companies
Tesla appoints Vaibhav Taneja as new chief accounting officer
Tesla appointed Vaibhav Taneja as its new Chief Accounting Officer on Wednesday and also officially announced Zachary Kirkhorn would take over as Chief Financial Officer, replacing Deepak Ahuja.
GE warns on 2019 earnings as it battles 'complex but clear' challenges
Beleaguered industrial group General Electric has warned that earnings will fall in the current year, as it grapples with ‘complex’ challenges across the business, before its recovery starts to take hold in 2020.
Boeing grounds 737 Max fleet after new evidence on Ethiopia crash
American regulators changed tack on Thursday, ordering that all Boeing 737 Max aircraft in the US be grounded after investigators uncovered new evidence at the scene of the fatal Ethiopian Airlines crash that took place on Sunday.
Roche upbeat on European approval for 'Hemlibra'
Roche announced on Thursday that the European Commission has approved ‘Hemlibra’ (emicizumab) for routine prophylaxis of bleeding episodes in people with severe haemophilia A without factor VIII inhibitors.
Facebook under US investigation over data sharing - report
Facebook is under criminal investigation by federal prosecutors over suspicions of data-sharing deals with third-party tech companies, according to a report.
Jury awards $29m to woman in Johnson & Johnson talc case
A US jury has awarded $29m to a woman who claims her cancer was caused by Johnson & Johnson talcum powder.
FAA faces pressure to ground all Boeing 737 Max 8s
The US Federal Aviation Administration is facing growing pressure to ground Boeing's 737 Max 8 jet in the wake of the Ethiopian Airlines crash last Sunday.
Huawei founder said Trump's investment tactics 'are all wrong'
Huawei's founder said on Wednesday that Trump's views on foreign investments in the US "were all wrong" and his administration should not single out the Chinese tech company or risk damaging America's international reputation.
Brookfield Asset Management to buy majority stake in Oaktree Capital
Canadian alternative investment group Brookfield Asset Management has agreed to buy a majority stake in Oaktree Capital Management.
Spotify files EU antitrust complaint against Apple
Spotify filed a complaint with EU antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service.
Innogy pays price for turbulent year as earnings are blown off course
Low winds across Europe buffeted profits at Innogy last year, as the German owner of Npower warned that earnings in the current year would be "significantly" lower.
Boeing shares fall 7% as more carriers ground the 737 Max 8 jets
Boeing shares fell 7% on Tuesday, adding to the 5% it dropped on Monday, after more countries joined China and Indonesia in the grounding of the 737 Max 8 jet after the Sunday crash in Ethiopia that took the life of all its 157 passengers.
Credit Bank of Moscow posts bumper 2018 profits
Credit Bank of Moscow posted a bumper profit for 2018, on the back of a sharp reduction in its non-performing loans.
Biogen selling Denmark plant to Fujifilm in $890m deal
Biogen has entered into a share purchase agreement with Fujifilm Corporation, it announced on Tuesday, under which Fujifilm will acquire the shares of Biogen’s subsidiary, which holds its biologics manufacturing operations in Hillerød, Denmark, for up to $890m in cash, subject to minimum purchase commitment guarantees and other contractual terms.
Nissan to halt production of Infiniti cars at Sunderland factory
Japanese carmaker Nissan announced on Tuesday that it would be halting the production of its luxury Infiniti brand at its Sunderland plant by July, putting 200 jobs at risk.
News Corp calls for Google to be broken up due to its 'overwhelming' power
Media giant News Corp told an Australian inquiry on Tuesday that Google’s search engine and its advertising platform should be separated to restore some balance among media companies.
Dick's droops as gun controls curb sales, outlook conservative
Dick’s Sporting Goods saw shares tumble in early trading on Tuesday, after the US retailer continued to grapple with the fallout of its decision to curtail gun sales.
Smith & Nephew to buy US biotech Osiris Therapeutics for $19 a share
Medical devices maker Smith & Nephew has agreed to buy US biotechnology company Osiris Therapeutics for $19 per share, which is an enterprise value of around $660m.
Nissan-Renault announce 'fresh start' as car giants look to move on from Ghosn scandal
Renault, Nissan and Mitsubishi Motors sought to put the arrest of ousted head Carlos Ghosn behind them on Tuesday as the car giants unveiled a single alliance operating board and named Jean-Dominique Senard its new chair.
Elon Musk's lawyers accuse SEC of 'unprecedented over-reach'
Elon Musk’s lawyers accused the Securities and Exchange Commission late on Monday of “unprecedented over-reach” and said the regulator was infringing on the Tesla boss's first amendment rights by seeking to hold him in contempt of court.