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OPEC: lower market share in the coming years

USA crude oil production as estimated by the Energy Information Administration showed that production for the week ending October 25 stayed at 12.6 million bpd ...

Germany's Lufthansa cancels 1300 flights because of strike

Bott and Co has predicted the strike could cost the Lufthansa over €66million owed to passengers affected, taking into consideration compensation and care and a...

Facebook intros new company logo to differentiate company from apps

The efforts come at a time when Facebook and other tech companies are facing heightened antitrust scrutiny . More recently, they collectively flew off th...

Alipay Launches New International E-Wallet For Foreign Visitors To China

The company will introduce an application that will enable short-term visitors to China to make payment for online purchases through its so-called global e-wall...

Regulators seize Einstein Exchange amid money laundering concerns

Other clients also claimed to be owed thousands of dollars and two of Smillie's former business associates are also suing him, alleging that he owes them 4,700 ...

Canada Sept trade deficit shrinks as imports fall faster than exports

Drop in exports of metals and non-metallic mineral products and energy products drove the fall in exports. Total exports fell 1.3 percent to Can$49.8 billion ...

Uber shares fall as it reveals $1bn quarterly loss

The company expects an adjusted EBITDA loss of $2.8 billion to $2.9 billion for the year. Analysts had expected a loss of $1.5bn on revenue of $3.6bn, up fr...

Saudi Arabia approves listing of energy giant Aramco

An announcement from the kingdom's Capital Market Authority announcing its approval for the share sale served as a starting gun for an IPO promised by Crown Pr...

Ryanair hit by further delay to Boeing 737 Max deliveries

Still, Chief Financial Officer Neil Sorahan said there was "no risk at all" that the airline would fail to meet its target of flying 200 million passengers per ...

Interest rate of Australian center bank stands at 0.75

Widening the target band could have lessened pressure for further rate easing. "The US - China trade and technology disputes continue to affect global trade f...

Could join RCEP if demands are met, says Piyush Goyal

However, India has been repeatedly raising the issue of market access as well as protected lists of goods primarily to shield its domestic market with fears of ...

China pushing Trump to remove more tariffs ahead of trade deal

But apart from establishing it as a platform for enterprises to tap the Chinese market, China is committed to turning the expo into a means to synergise global ...

Popeyes’ Silence After Chicken Sandwich Stabbing Is Deafening

Spokeswoman Jennifer Donelan said no one should ever get that angry over anything. "We do not yet know whether this was the result of a dispute over one of ...

Krispy Kreme to support Minnesota college student's doughnut resale service

Gonzalez recognized the opportunity and stepped in to supply his fellow Minnesota natives with as many Krispy Kreme donuts as his vehicle could carry. Gonzalez ...

US Dow hits record on trade deal hopes

US employers added 128,000 jobs in October, the US Bureau of Labor Statistics reported on Friday. Corporate profits have been weaker than a year ago, but not as...

Future of 79 Mothercare stores at risk as company appoints administrator

Placing the United Kingdom company into administration will give the administrators the opportunity to place the company for resale to a potential buyer or star...

Westpac begs investors for $2.5 billion after profit crashes from Royal Commission

Cash earnings at Westpac's consumer division fell 4.0 per cent to $3.29 billion during the year, while the business division fell 12 per cent to $2.43 billion. ...

Buffalo Wild Wings Fires Multiple Employees Following Racist Incident

Claire Kudlata , coordinator of Buffalo Wild Wing's brand communications, said in an email statement to the Tribune that Buffalo Wild Wings has zero-tolerance f...

Price Manipulation Was Behind Half Of Bitcoin's Historic Run

Griffin and Amin Shams - of the universities of Texas and OH respectively - have updated their previous research, which made the case that market misconduct w...

CFIA recalls 33 vegetable products over possible Listeria contamination

No illnesses associated with these products have been reported at this time. Some of the products do not expire for 10 days or more, so consumers and business...

Facebook changes corporate logo to distinguish products from main app

In a blog post , the company admits that users of its services don't always realize they are using Facebook-owned sites. Yesterday (local time), the company a...

Saudi Aramco IPO is a Go, Expected to Be Largest in History

The banks were not immediately available for comment. The current record holder belongs to Chinese e-commerce giant Alibaba which raised $25 billion during its ...

Elon Musk says he's going off Twitter ... again

Tesla chief Elon Musk on Friday announced that he was going offline from Twitter , perhaps in favor of popular news and discussion platform Reddit. "Not sur...

Amgen buys BeiGene stake for $2.7bn to aid push into China

Under the terms of the partnership, BeiGene will commercialize Amgen's Xgeva (denosumab), Kyprolis (carfilzomib) and Blincyto (blinatumomab) in China ...

Aramco meets investors in last-minute bid to hit $2 trillion IPO target

Today, Saudi Arabia will announce a public offering by Saudi Aramco on the Kingdom's Tadawul market. The partial privatisation will be a deal like few others ...

Did Chick-fil-A forget it's closed on Sunday?

The email went on to advertise the chain's tiered, membership-based Chick-fil-A One program , which allows customers to earn points on every purchase. "Seriou...

US jobs data, trade progress boost S&P, Nasdaq to record highs

At the closing bell, the S&P 500 stood at 3,066.87, up 1.0 percent to notch its third record this week, while the Nasdaq jumped 1.1 percent to 8,386.40, to ...

Barneys Officially Sold for $271.4M USD, Stores Expected to Close

The sale follows approval by a bankruptcy court judge on Thursday. Following a few attempts to keep the brand alive, including an unsuccessful "Save Barne...

Run Saudi Arabian oil firm launches IPO

Aramco has also built a network of pipelines and refineries inside and outside the kingdom and expanded its presence in the petrochemicals industry. The openi...

Chick-fil-A backs Sunday's National Sandwich Day _ oops!

Popeyes Chicken brought back its acclaimed spicy chicken sandwich Sunday, more than two months after it first sold out. From CBS News to Forbes, People to ...

Buffetts Berkshire Hathaway Q3 profit down 11% on flat investment values

Share performance for the month is now at 4.67%. It has a market cap of $526081.35M. Berkshire Hathaway Inc. owns more than 90 companies, including BNSF railr...

China Companies Rush in on Blockchain Frenzy; Analysts Issue Warnings

Let's make this clear: This is about Blockchain - not Bitcoin. Wan expressed confidence that the recently announced plans will trigger more local governme...

U.S. economy adds 128K jobs in October, Labor Dept. says

All told, Friday's October employment report from the government pointed to a still-sturdy job market that remains a vital source of strength for a United Stat...

Bombardier to sell aerostructures business to Spirit

Spirit AeroSystems , meanwhile, expands its aerostructure manufacturing operations with more than 3.4 million square feet of factory space in locations around t...

Coors Leaving Denver For Chicago, Cuts 500 Jobs

It will also see the company change its name to Molson Coors Beverage Company to better reflect its strategic intent. Consequently, support jobs located...