Retail Giant Walmart Cuts Revenue Forecast, Shares Fall In Pre-Market Trading
Shares fell in pre-market trading as the world's largest retailer reported lower-than-expected fourth quarter results.
More Than A Dozen Hospitals Destroyed In Syria Last Year, Doctors Without Borders Says
An MSF report said at least a dozen hospitals were completely destroyed and 81 medical staff was killed during 2015 in a total of 93 aerial and shelling attacks.
Boeing's New Labor Contract Improves Wages, Phases Out Pension Plans
Boeing and one of its largest unions ratified the contract Thursday, avoiding a potentially confrontational negotiation like the one in 2013.
EU, UK Rift Widens As Cameron Readies For ‘Now Or Never’ Talks, Report Says
U.K. Prime Minister David Cameron readies to hold “now or never” talks Thursday and Friday regarding his country’s potential departure from the European Union.
Toyota Recalls About 2.9 Million SUVs Over Seatbelt Malfunction
The recall includes 1.3 million vehicles in North America and about 625,000 vehicles in Europe, the world’s largest carmaker by sales said Wednesday.
Respect Assange Ruling, UN Rights Expert Urges UK, Sweden
Authorities in both countries had rejected a Feb. 5 finding by a U.N. panel that the WikiLeaks founder was arbitrarily detained.
Stocks Update: Most Asian, European Indexes Up As Yuan Rises, Oil Prices Hold
Japan's benchmark Nikkei 225 Index led the rally in Asian markets Monday, as weaker-than-expected GDP data raised hopes of an economic stimulus.
SoftBank Announces Its Biggest Stock Buyback Worth $4.4B After Shares Slip
The Japanese telecom conglomerate’s shares are trading at their lowest level since its acquisition of U.S. carrier Sprint in 2013.
Freeport-McMoRan To Sell 13% Stake In Morenci Mine For $1B Cash
The sale will bring $1 billion in cash to the mining company, which has lost about two-thirds of its market value in a year due to the impact of falling commodity prices.
Germanwings, Metrojet Incidents Aside, 2015 An 'Extraordinarily Safe Year' For Airlines, IATA Says
The annual safety report released by the global aviation industry body excluded incidents involving Germanwings and Russia's Metrojet planes.
Germany To Introduce Random Emissions Testing In Dieselgate Aftermath
The country may carry out unannounced emissions tests on cars, similar to randomized drug testing in athletes, Germany's transport minister said.
Turkey Shells Kurdish Forces For A Second Day
The attack came after Turkey bombed the Kurdish militia Saturday, and demanded that it retreat from the territory it had seized.
China’s Spring Festival Retail Sales Surge On Movie Ticket Sales, Travel
Sales from dining and retails reached 754 billion yuan ($115 billion), with robust sales in traditional commodities such as food, tobacco, alcohol and clothes.
Russia-Backed Syrian Army Gains Foothold In Aleppo, Peace Hopes Fade
The Syrian army, on Saturday, regained control of al-Tamoura town and several surrounding hills located in Aleppo’s northern suburbs.
China’s Central Bank Chief Says No Basis For Further Yuan Devaluation
Central bank chief Zhou Xiaochuan says China has enough foreign-exchange assets to fulfill its trade commitments and defend the stability of its currency.
Market Volatility Delays Rise In Eurozone Inflation, Says ECB’s Coeure
Market volatility, along with lower oil prices and slowing global growth, has delayed EU’s inflation targets, an ECB board member said.
Greek Banks In ‘Good Shape,’ No Further Recapitalization Needed, Says ECB’s Nouy
The European Central Bank carried out an asset-quality review and stress tests of the four biggest Greek banks in October.
China’s Underground Banking Transactions Rose To $152B In 2015
More than 60 such banks handled $152 billion in transactions last year, prompting government action.
Alibaba Reveals 5.6% Stake In Troubled Deal Purveyor Groupon
The stake made the Chinese e-commerce giant the fourth-largest stakeholder in Groupon, which had lost about 90 percent of its value since going public four years back.
Twitter CEO Jack Dorsey Continues To Refrain From Salary
Dorsey had agreed to no salary at Twitter until the company’s compensation committee agreed upon a package for him.
Europe Refugee Crisis: EU Gives Greece 3 Months To Fix Border Controls
An EU report had said that Greece neglected its obligations to control the external frontier of the passport-free Schengen zone, and could stand to lose its privileges.
Rolls-Royce Shares Soar Despite Dividend Cut, Fall In Earnings
The U.K.-based engine maker cut its dividend by half for the first time in 25 years Friday, as it announced that full-year profit fell 12 percent.
Indian Automakers Say Sales To Grow At Fastest Pace In 6 Years
Sales may gain as much as 12 percent in 2016, buoyed by growing income and demand for SUVs and vans in the country's rural areas.
Google Expands Hiring For Self-Driving Car Effort, Advertises Dozens Of Manufacturing Jobs
While experts believe Google will partner with an established carmaker, the advertised jobs provide a window into how much hardware the company may build.
Indonesia Relaxes Foreign Investment Limits For 29 Sectors
Indonesia will allow full foreign ownership in 29 businesses to offset a slump in exports and boost jobs in Asia's fourth-largest economy.
Sweden Pushes Key Interest Rate Further Below Zero To Prop Up Inflation
Sweden’s central bank surprised investors with the extent of the cut and said it was prepared to further ease monetary policy.
Hong Kong Leads Sharp Slump In World Stock Markets
Shares in Asia and Europe were down on Thursday — continuing evidence of concerns over global growth and the commodities rout.
SocGen Misses Profit Estimates On Potential Legal Costs, Decline In Investment Banking
The company also signaled that it may miss its profitability target for 2016 due to uncertain economic conditions.
Brexit Vote Clouding UK’s Growth, Says Top British Business Lobby
In its quarterly economic forecast, the Confederation of British Industry cut its growth forecast for the country in 2016 and 2017.
Volkswagen Hints At Trucks Business IPO, Expansion
Unlike most of Volkswagen’s passenger-car brands, the trucks unit was not hit directly by the fallout from the ongoing diesel-emissions scandal.