Category Archives:
ByteDance rival Kuaishou to end services of short video app Zynn this month
BEIJING (Reuters) - ByteDance rival Kuaishou Technology said on Wednesday it would stop services of its short video app Zynn on Aug. 20. The termination of Zynn is part of its normal operations, and t...
Aug 04, 2021
UK’s Taylor Wimpey raises annual outlook, swings to H1 profit
(Reuters) - UK homebuilder Taylor Wimpey Plc on Wednesday joined bigger rivals in forecasting sustained demand in the medium term and returned to a half-year profit as Britain's housing sector boom st...
Aug 04, 2021
Rolls-Royce agrees sale of Norway’s Bergen for $131 million
LONDON (Reuters) - Rolls-Royce said it agreed to sell its Norwegian maritime engine business Bergen to UK-based Langley Holdings, in a deal which will boost the British aero-engine maker's finances by...
Aug 04, 2021
Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital
By Abhinav Ramnarayan LONDON (Reuters) - RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to ...
Aug 04, 2021
Honda swings to Q1 operating profit, trounces estimates
TOKYO, August 4 (Reuters) - Honda Motor Co swung on Wednesday to a first-quarter operating profit of 243.21 billion yen ($2.23 billion) from a 113.7 billion loss a year ago as car sales recovered from...
Aug 04, 2021
Sony posts 26% rise in Q1 operating profit on pandemic-led PS5 demand
TOKYO (Reuters) - Sony Corp on Wednesday reported a 26.3% rise in first-quarter operating profit, benefiting from lingering pandemic-led demand for its PlayStation 5 games console. Operating profit fo...
Aug 04, 2021
Thales to sell signalling business to Hitachi in $2 billion deal
PARIS (Reuters) - Thales, Europe's largest defence electronics company, confirmed on Wednesday it was in advanced talks to sell its railway signalling business to Japan's Hitachi in a deal that values...
Aug 04, 2021
Commerzbank swings to Q2 loss amid restructuring and write off
FRANKFURT (Reuters) - Germany's Commerzbank on Wednesday said that it swung to a second-quarter loss as the lender undergoes a major restructuring and after a write off to end an outsourcing project. ...
Aug 04, 2021
India’s services activity shrank again in July, outlook turned pessimistic
BENGALURU (Reuters) - Activity in India's dominant services industry shrank for a third consecutive month in July as restrictions to control the coronavirus pandemic hit demand, with companies turning...
Aug 04, 2021
The route less traveled: private aviation eyes limited direct flights to lure execs
By Allison Lampert (Reuters) - Private aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate t...
Aug 04, 2021
Peoria, IL, USA
45 °F Overcast
