SEOUL, South Korea – LG Electronics Inc. reported Thursday a wider loss from its mobile business even as overall business stayed profitable, as prices of mobile components jumped. Continue Reading Below The South Korean electronics company said that its mobile business lost 375 billion won ($334 million) during the July-September […]
FAN Editor
San Juan mayor feuds with energy firm over threat to stop work after audit request
A letter sent by Puerto Rico Gov. Ricardo Rossello to the Department of Homeland Security’s inspector general’s office on Wednesday touched off a Twitter feud and later apology by the small Montana-based company that earned a contract to restore power on the island. Whitefish’s relative lack of experience — coupled […]
House GOP moves to pass budget, start tax debate
WASHINGTON – House Republicans are focusing squarely on tax cuts rather than deficit discipline as they look to shoehorn a GOP budget plan through the House. Continue Reading Below Passage of the $4 trillion budget measure on Thursday would pave the way for Republicans controlling Washington to pass a 10-year, […]
Asia shares drift after US fall, before Europe bank meeting
HONG KONG – Asian shares were drifting Thursday as Wall Street’s retreat from recent record highs and a widely awaited European Central Bank meeting gave investors reason to pause. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index edged 0.1 percent higher to 21,731.52 while South Korea’s Kospi dipped […]
Barclays third-quarter profit rises
Barclays on Thursday announced an increase in third-quarter net profit, helped by a fall in conduct and operating costs. Continue Reading Below The British bank said revenue in the quarter was down 5% to GBP5.17 billion ($6.9 billion) compared to a year ago, as bond trading revenues slumped. Net-profit rose […]
Nokia net loss widens amid weak networks market
Nokia on Thursday reported a widened third-quarter net loss, missing expectations, as the company warned that the mobile networks market would fall more than previously expected this year. Continue Reading Below The Finnish telecommunications company said the net loss for the three-month period ended Sept. 30 was 183 million euros […]
Cost cuts, lower legal expenses boost Deutsche Bank profit
FRANKFURT, Germany – Deutsche Bank said Thursday that net income for the third quarter more than doubled as the bank cuts costs, and works past fines and settlements stemming from past misconduct. Continue Reading Below Net income hose risen to 649 million euros ($766 million) from 278 million a year […]
Hydrogen fuel-cell car push ‘dumb’? Toyota makes a case for the Mirai
FILE PHOTO – The Toyota Mirai, an hydrogen fuel cell vehicle, is displayed on media day at the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Benoit Tessier/File Photo October 26, 2017 By Norihiko Shirouzu TOKYO (Reuters) – Having invested heavily in hydrogen, a technology derided by Tesla chief […]
Saudi Exchange aspires to be exclusive venue for Aramco IPO: CEO
Visitors are seen at the Saudi Aramco stand at the Middle East Process Engineering Conference & Exhibition in Manama, Bahrain, October 9, 2016. REUTERS/Hamad I Mohammed October 26, 2017 RIYADH (Reuters) – Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s <IPO-ARMO.SE> initial […]
China will not set target to double GDP from 2021: party official
Chinese deputy minister of the Office of the Central Leading Group for Finance and Economic Affairs Yang Weimin attends a news conference during the 19th National Congress of the Communist Party of China in Beijing, China October 23, 2017. REUTERS/Tyrone Siu October 26, 2017 BEIJING (Reuters) – China will not […]