MEXICO CITY – Mexico’s central bank says it’s moving to bolster the peso, which has taken a beating from uncertainty related to renegotiation of the North America Free Trade Agreement. Continue Reading Below The bank said Wednesday it will increase the peso coverage contracts it auctions to cushion the risk […]
FOX Business News
What to watch for at the European Central Bank meeting
FRANKFURT, Germany – With the economy growing nicely, the European Central Bank is expected to sketch out a road map at its meeting Thursday for a gradual exit from its extraordinary monetary stimulus program. Continue Reading Below The ECB’s president, Mario Draghi, has said that “the bulk” of the decisions […]
Not at home? Amazon wants to come in and drop off packages
NEW YORK – Would you let a stranger in your house to drop off a package? Amazon hopes so. Continue Reading Below The online retailer said Wednesday that it will launch a service next month called Amazon Key that would allow delivery people to walk into your home and drop […]
New screenings for US-bound passengers on global airlines
DUBAI, United Arab Emirates – Five global long-haul airlines will begin new security interviews of all passengers on U.S.-bound flights starting Thursday at the request of American officials, the companies said Wednesday. Continue Reading Below Long-haul carriers Air France, Cathay Pacific, EgyptAir, Emirates and Lufthansa all said they’d start the […]
In poll, people say Trump tax plan benefits rich, companies
WASHINGTON – Most Americans say President Donald Trump’s tax plan would benefit the wealthy and corporations, and less than half believe his message that “massive tax cuts” would help middle-class workers, according to an Associated Press-NORC poll. Continue Reading Below The survey could serve as a warning sign for Trump […]
Hurricanes Cool Off Watsco’s Growth — for Now
Hurricanes Harvey, Irma, and Maria have devastated several parts of the U.S., and their impact on businesses has become increasingly clear as earnings season has progressed over the past couple of weeks. Watsco (NYSE: WSO) distributes air conditioning, heating, and ventilation equipment and systems, and the locations it serves include […]
Coca-Cola profit rise 38 percent, on higher Sprite demand
ATLANTA – Coca-Cola’s third-quarter profit rose 38 percent as it sold more Sprite and bottled tea and coffee drinks in the U.S. Continue Reading Below The Atlanta company has been diversifying its drinks and lowering the sugar in its sodas to try to adapt to changing tastes. During the quarter, […]
Best Buy expands after-school tech program
NEW YORK – Best Buy is expanding an after-school tech program for underprivileged teens as it hopes to create workers with the skills to serve increasingly savvy shoppers as well as groom future inventors who can help fill its stores with new gadgets. Continue Reading Below The Minneapolis-based chain said […]
Boeing tops Street 3Q forecasts
CHICAGO – Boeing is reporting a better-than-expected, third-quarter net income of $1.85 billion and raising its outlook for the year. Continue Reading Below The Chicago company earned $3.06 per share, or $2.72 when adjusted for one-time gains and charges. That’s 7 cents better than industry analysts had predicted, according to […]
Coca-Cola’s quarterly profit jumps 38%
Oct 25 (Reuters) – Coca-Cola Co reported a 38 percent jump in quarterly profit, helped by cost-cutting and higher demand for Sprite and tea and coffee in North America, its biggest market. Continue Reading Below Net income attributable to the company’s shareholders rose to $1.45 billion, or 33 cents per […]