December 5, 2018

Yum Brands to reduce Pizza Hut’s dine-in operations, focus on delivery

Yum Brands Inc on Wednesday forecast same-store sales growth of 2 percent to 3 percent for fiscal 2019 and said it would reduce Pizza Hut’s dine-in […]
December 5, 2018

Bloomberg could sell his company if he runs for President: Business Insider

Billionaire Michael Bloomberg said he was likely to sell his financial data and news company Bloomberg LP if he runs for president, Business Insider reported, citing […]
December 5, 2018

Ford’s Venezuela unit offers buyouts as output dwindles: sources

Ford Motor Co is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders said, as the U.S. automaker […]
December 5, 2018

Exclusive: Albemarle pushes Chile to reverse lithium quota decision – filings

Albemarle Corp has launched an aggressive lobbying campaign after Chilean regulators denied its request to boost lithium output, stressing the company’s importance to Chile’s economy and […]
December 5, 2018

Oil edges lower ahead of OPEC meeting

Oil prices dipped on Wednesday ahead of a meeting of the world’s biggest exporters, who will discuss cutting output to help shore up prices and curb […]
December 5, 2018

Citi CFO forecasts lower markets revenue for fourth quarter

Citigroup Inc Chief Financial Officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower than last year. Powered by […]
December 5, 2018

Goldman Sachs likely to boost legal reserves for 1MDB: analysts

Goldman Sachs Group Inc may need to boost its legal reserves by as much as $1 billion to prepare for potential penalties related to its dealings […]
December 5, 2018

Petrobras unveils plan to boost asset sales, deepwater investment

Brazilian state-run oil company Petroleo Brasileiro SA plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front […]
December 5, 2018

AIG hit with $750 million to $800 million in fourth-quarter catastrophe losses: CEO

American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief […]
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