Aviva plc (LON: AV) on Wednesday said it will return £4.75 billion ($6.34 billion) to shareholders, including the existing stock repurchase programme worth £1.0 billion. We’ve now go...
Tag: Business
WHO says war in Ukraine will increase Covid transmission
People carry their suitcases as they arrive in Poland after crossing a border check point on February 27, 2022 in Kroscienko, Poland. Omar Marques | Getty Images The WHO on Wednesday said the mass dis...
Why Intel’s CEO was a guest at Biden’s State of the Union address
U.S. first lady Jill Biden and others applaud her guest Intel CEO Patrick “Pat” Gelsinger in the first lady’s box as President Joe Biden mentions Gelsinger during his State of the Un...
Credit Suisse Makes Structural Changes to Its Asset Management Business
Credit Suisse announced that it has made structural changes to Its Asset Management Business in effect from 1 April 2022. In a recent press release shared with Finance Magnates, Colin Fitzgerald, who ...
Russia Roscosmos refusing to launch OneWeb satellites: Ukraine crisis
A Soyuz 2 rocket launches 36 OneWeb satellites on March 25, 2020 from Vostochny Cosmodrome, Russia. Roscosmos The corporate internet space race has taken a geopolitical turn. Russian space agency Rosc...
Ralph Lauren executive Howard Smith to resign after he violated ethics code
Ralph Lauren Europe President Howard Smith attends Vogue Foundation Dinner Photocall as part of Paris Fashion Week – Haute Couture Fall/Winter 2018-2019 at Musee Galliera on July 3, 2018 in Pari...
our legacy auto business has been holding us back
Ford CEO Jim Farley sent a big message to investors on Wednesday at its capital markets day: It’s an EV company first. “Our legacy business has been holding us back,” Farley said on ...
Ryanair CEO says greater Western oil production ‘hits Russia hardest’
Ryanair Group CEO Michael O’Leary delivers remarks during a press conference in Lux Lisboa Park Hotel. Horacio Villalobos | Corbis News | Getty Images The chief executive of budget airline Ryana...
Nordstrom shares soar as it makes progress but still has ways to go
Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up ...
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesda...
How Target plans to keep growing sales
A worker delivers an order to a drive up customer at a Target store on August 19, 2020 in Miami, Florida. Joe Raedle | Getty Images Inflation is soaring. The war in Ukraine is roiling equities and ene...
100,000 apply to live in United Kingdom
Hongkongers held demonstrations in ten different cities in the UK to protest against the one year anniversary of the promulgation of the Hong Kong National Security Law and the Centennial anniversary ...
Russia’s oligarch elite speak out against Putin’s invasion of Ukraine
Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images As Europe and the U.S. ratchet up ...
Coterra CEO says it was an easy decision to start buyback, and the energy firm can sustain it
Coterra Energy CEO Thomas Jorden told CNBC’s Jim Cramer on Tuesday the oil and gas firm is confident in its decision to start buying back stock. Houston-based Coterra — the result of Cabot Oil &...
Biden says U.S. will deploy new Covid vaccines within 100 days if another variant emerges
U.S. President Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber March 01, 2022 in Washington, DC. Win Mcnamee | Getty Imag...
U.S. bans Russian aircraft from American airspace
U.S. President Joe Biden speaks about a U.S. Special Forces operation in Northern Syria against ISIS leader Abu Ibrahim al-Hashemi al-Quraishi, from the Roosevelt Room of the White House in Washington...
Salesforce co-CEO Marc Benioff touts strong sales guidance, says ‘$30 billions are now ahead of us’
Salesforce co-CEO Marc Benioff on Tuesday broke down the enterprise software giant’s latest financial results, telling CNBC’s Jim Cramer it was “maybe the best quarter we’ve ev...
Artemis missions, SLS rocket billions over budget
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA To the moon, indeed. NASA’s auditor didn’t mince words when he told lawmakers Tuesday that the space agency̵...
Cramer’s lightning round: Rent-A-Center is a sell
Rent-A-Center Inc: “It’s just a terrible quarter. It’s at $27 [a share]. I would still sell it. I wish I could be more positive, but it was a very bad quarter.” NIO Inc: “...
Ritch Allison explains decision to retire as Domino’s CEO, expresses confidence in successor
Domino’s Pizza outgoing chief executive Ritch Allison told CNBC that the company is in good hands with its new leadership. “I’m at the point in my life now where my wife and I are re...
AMC charges more for ‘The Batman’ tickets in new pricing test
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Your ticket to see Warner Bros.’ “The Batman” could cost more if ...
MLB cancels Opening Day after owners fail to reach deal with players union
An Official Rawlings Major League Baseball sits with a bat, lock and chain to represent the lockout between Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA) on Dec...
Nordstrom (JWN) reports Q4 2021 earnings beat
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holid...
GM sells its stake in embattled EV start-up Lordstown Motors
The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Where Main Street stands on the state of economy and President Biden
U.S. President Joe Biden delivers remarks on Russia’s attack on Ukraine, in the East Room of the White House in Washington, U.S., February 24, 2022. Leah Millis | Reuters As President Biden prep...
Sears spinoff Seritage explores alternatives, Eddie Lampert quits board
Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of embattled department store chain Sears in 2015, said Tuesday ...