T-Mobile Sprint aim to announce merger without asset divestitures T-Mobile Sprint aim to announce merger without asset divestitures: T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost […]
Current Business Updates USA
Oil slips despite expected OPEC extension of output cuts Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. Brent crude oil was down 20 cents at $56.74 a barrel by 0840 GMT. U.S. light crude was 35 cents lower at $50.95. Both […]
Alphabet’s Waymo demanded $1 billion in settlement talks with Uber Alphabet’s Waymo demanded $1 billion in settlement talks with Uber: Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services […]
Pfizer weighs $15 billion sale of consumer healthcare business Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as […]
Verizon media chief departing after not getting top job Verizon Communication Inc (VZ.N) media chief Marni Walden confirmed on Tuesday she had decided to leave the telecommunications company next year after it became clear she would not become its next chief executive. Walden, executive vice president and president of global […]
Peltz’s Procter & Gamble defeat could be more humbling than harmful Peltz’s Procter & Gamble defeat could be more humbling than harmful: Nelson Peltz put his activist hedge fund credentials on the line to win a board seat at Procter & Gamble Co, only to be narrowly defeated, according to […]
Awaiting better days multinationals keep Venezuela units alive Awaiting better days, multinationals keep Venezuela units alive: Venezuelan auto worker Celso Nunez spends his days moonlighting as a mover and trading salvaged building materials in his worn-out red pick-up. His employer, Ford Motor Co (F.N), does not mind. In fact, it […]
Panel finds U.S. washing machine makers hurt by LG, Samsung imports Panel finds U.S. washing machine makers hurt by LG, Samsung imports: The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties […]
Tesla deliveries rise in third quarter but Model 3 faces bottlenecks Tesla deliveries rise in third quarter but Model 3 faces bottlenecks: Luxury electric vehicle maker Tesla Inc (TSLA.O) said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said “production bottlenecks” had […]
Equifax says cyber attack may have hit 2.5 million more U.S. consumers Equifax says cyber attack may have hit 2.5 million more U.S. consumers: U.S. credit reporting firm Equifax Inc (EFX.N) said about 2.5 million additional U.S. consumers may have been impacted by a cyber attack at the company last […]
