February 12, 2020

America Movil posts 63% jump in fourth-quarter net profit

America Movil , the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period […]
February 12, 2020

Google takes on EU in court over record antitrust fines

Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe’s second-highest court in a landmark case that could […]
February 11, 2020

Lyft forecasts slower growth in 2020, leaves target profit date unchanged

Lyft Inc on Tuesday forecast slower revenue growth in the new year and the company refused to match larger rival Uber, which recently moved up a […]
February 11, 2020

U.S. FAA agrees it must boost safety oversight for Southwest Airlines

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used […]
February 11, 2020

Samsung unveils compact foldable phone, 5G Galaxy S to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship […]
February 11, 2020

Exclusive: FAA agrees with inspector general recommendations to improve Southwest oversight

The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department’s Inspector General that faulted its oversight of Southwest Airlines Co , […]
February 11, 2020

Fed’s Powell says economy in good place, warns on coronavirus

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from […]
February 11, 2020

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan […]
February 11, 2020

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide […]
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