Consumer goods giant Procter & Gamble Co (PG), which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates. Continue Reading Below The company, which houses more than 60 brands, saw higher sales […]
FOX News
China Southern to buy 38 Boeing jets worth $5.65b
China Southern Airlines has signed a deal to buy 38 aircraft from U.S. planemaker Boeing Co with a combined price tag of $5.65 billion, the Chinese carrier said on Friday. Continue Reading Below China’s largest airline by passenger numbers has agreed to buy 8 B777-300ER wide body jets and 30 […]
Daimler profits hit by costs of diesel emissions recall
FRANKFURT, Germany – German automaker Daimler said Friday that its net profit fell 16 percent in the third quarter as a voluntary recall to improve diesel emissions hurt earnings at its Mercedes-Benz luxury car brand. Continue Reading Below Net profit fell to 2.3 billion euros ($2.7 billion) despite a 6 […]
The Latest: Spain, opposition agree to hold Catalan election
BARCELONA, Spain – The Latest on the Spain-Catalonia political crisis (all times local): Continue Reading Below 10:50 a.m. A Spanish opposition Socialist politician says that her party and Spain’s government have reached an agreement to hold a regional election in Catalonia in January as a way to resolve one of […]
Senate GOP backs budget, clears way for tax overhaul
WASHINGTON – Republicans must now shift their focus to enacting President Donald Trump’s sweeping tax plan, a far heavier lift than the $4 trillion budget plan they’ve muscled through the Senate to lay the groundwork for the first tax overhaul in three decades. Continue Reading Below The GOP on Thursday […]
Chinese party figure accuses fallen leader of plotting coup
BEIJING – A senior figure in China’s ruling Communist Party has accused a dismissed regional leader of plotting a coup against the party leadership in the clearest explanation to date of the abrupt firing of the former rising star. Continue Reading Below Sun Zhengcai, who was dismissed in July as […]
End of an era as Hong Kong stock trading floor set to close
HONG KONG – Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated. Continue Reading Below The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading […]
EU leaders brainstorm ways to speed Brexit talks
BRUSSELS – European Union leaders have gathered to weigh progress in Brexit negotiations as they look for new ways to speed up the painfully slow moving process. Continue Reading Below British Prime Minister Theresa May’s office said she told her 27 EU partners that “the clear and urgent imperative must […]
Asian shares rise as investors await Japan vote, Fed choice
HONG KONG – Asian shares pushed higher Friday on investor optimism over the global outlook despite uncertainties over the outcome of political events in China and Japan and speculation over Trump’s choice for the next Fed chief. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 crept less than 0.1 […]
Bobby Flay’s Bar Americain in NYC to close early next year
NEW YORK – Celebrity chef and restaurateur Bobby Flay says he will close his New York restaurant, Bar Americain, early next year. Continue Reading Below Flay and his business partner, Laurence Kretchmer, said in a statement that renewing the lease for the brasserie in midtown Manhattan would have required an […]