After reporting impressive gains in earnings, revenue and subscribers for the first quarter, the message from the pioneer of video streaming giant Netflix could not be clearer – it is still the leader in the leader in the streaming business…. Read More ›
Strategy
Foxconn’s Gou To Follow ‘Order Of Sea Goddess’ For Taiwan Presidency
The claim for a place in the presidential race of Taiwan for the Foxconn founder Terry Gou has been endorsed by the Chinese sea goddess Mazu, said the business tycoon. He had been encouraged by the goddess to “come forward”… Read More ›
ABB names chairman Peter Voser as its interim CEO
Ulrich Spiesshofer, ABB’s CEO since 2013, has agreed with the board to step down. On Wednesday, ABB stated, it has appointed its Chairman Peter Voser as its interim chief executive following the stepping down of its CEO Ulrich Spiesshofer. In… Read More ›
Exxon Mobil Corp wins 3 exploration blocks offshore Argentina
The three blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego. U.S. oil giant Exxon Mobil Corp stated, its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina…. Read More ›
NZ’s PM Jacinda Ardern does a volte face against capital gains tax
It is not clear what events and knowledge has prompted her change of stance vis-a-vis CGT. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern stated, her coalition government will not go ahead with a proposal for a capital gains tax… Read More ›
US Must Remove Steel Tariffs And No Action On Cars For EU-US Trade Talks: Brussels
While announcing its agreement to hold trade negotiations with the United States, the European Union has also warned that it would stop the talks if any new tariffs were imposed by US President Donald Trump or if the Trump administration… Read More ›
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame. French luxury and cosmetics group L’Oreal, along with the Bettencourt Meyers family and the Bettencourt Schueller foundation, said they would donate 200 million euros ($226 million) in total for repairs… Read More ›
Total’s CEO Patrick Pouyanne pledges $112.98 million towards reconstruction of Notre Dame cathedral
French industry tycoons have come forward to generously pledge funds for rebuilding the Notre Dame Cathedral, one of the most famous landmarks in Paris which regularly draw nearly 13 million visitors a year. On Tuesday, Patrick Pouyanne, the Chief Executive… Read More ›
BlackRock quarterly profit beats average analysts’ estimate
While BlackRock posted a net income of $6.61 per share, in the three months ended March 31, analysts had expected a profit of $6.13 per share, according to IBES data from Refinitiv. On Tuesday, BlackRock Inc quaterly profit beat analysts’… Read More ›
Bank of America Corp posts mixed results in quarterly earnings
While Bank of America Corp’s net income applicable to shareholders have risen in comparison to the previous year, they are however lower than analysts’ average expectations. Revenues, net of interest expense, were also lackluster. On Tuesday, Bank of America Corp… Read More ›