May 7, 2020

AB InBev sees ‘materially worse’ second quarter after first-quarter profit drop

Anheuser-Busch InBev , the world’s largest beer maker, reported a decline in profit in the first quarter as coronavirus restrictions curbed drinking and said the second […]
May 7, 2020

U.S. unemployment rolls seen swelling as coronavirus restrictions bite

Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could […]
May 7, 2020

Samsung heir’s apology fans skepticism as watchdog panel meets

Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of Lee family control sparked skepticism on […]
May 7, 2020

Liberty Global, Telefónica agree 24 billion pound deal to merge UK groups: FT

The British units of Liberty Global Plc and Telefónica SA will merge in a deal worth 24 billion pounds ($29.57 billion), the Financial Times reported https://www.ft.com/content/2b73a385-7218-47dc-83bf-18e6e3d5f8f4 […]
May 7, 2020

Smithfield Foods to restart South Dakota pork plant from May 7

Smithfield Foods Inc will restart its plant in Sioux Falls, South Dakota from May 7 after being idled for more than three weeks due to the […]
May 7, 2020

Frontier Airlines rescinds empty middle seat charge after lawmaker pressure

U.S. budget carrier Frontier Airlines withdrew on Wednesday a “More Room” policy that would have given passengers the option of paying extra to keep the middle […]
May 7, 2020

U.S. reaches settlement to recover over $49 million involving Malaysia’s 1MDB: DOJ

The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said. Powered by […]
May 7, 2020

Sinclair agrees to pay record-setting $48 million FCC civil penalty

Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company’s abandoned deal to […]
May 6, 2020

T-Mobile beats phone subscriber estimates as lockdown creates demand surge

T-Mobile US Inc said on Wednesday it added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand […]
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