Tag: Corporate news
For the first time since COVID, profits are rising again
NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now.
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Costco 4Q profits rise, helped by pandemic shopping habits
ISSAQUAH, Wash. — Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums...
Russian Sputnik V vaccine splits Slovakia ruling coalition
PRAGUE — Slovakia was thrown into a political crisis Tuesday over a secret deal to acquire Russia’s Sputnik V coronavirus vaccine orchestrated by the...
EU probes Germany’s move to pay for coal plant closures
BERLIN — The European Commission said Tuesday it has opened a probe into whether Germany's plans to compensate owners for the early shutdown of...
Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
Online review platform Trustpilot chooses London for IPO
LONDON — Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the...
Review: Elk hunters become the hunted in novel ‘Dark Sky’
“Dark Sky,” by C.J. Box (Putnam)
Steve Price, the billionaire left...
FCA pleads guilty in plot to enrich Detroit union officials
DETROIT — Automaker FCA US pleaded guilty to conspiracy Monday, admitting that it paid off leaders of the United Auto Workers to try to...
AI panel urges US to boost tech skills amid China’s rise
An artificial intelligence commission led by former Google CEO Eric Schmidt is urging the U.S. to boost its AI skills to counter China, including...
Some upset in Cyprus over ‘satanic’ Eurovision song choice
NICOSIA, Cyprus — A man has been charged with uttering threats and causing a disturbance after barging onto the grounds of Cyprus’ public broadcaster...
