August 7, 2018

Overseas costs drag on profits at Domino’s Pizza; shares slide

Rising overseas costs, particularly in Norway, overshadowed an improvement in sales at Domino’s Pizza Group , pushing first-half pre-tax profit down almost 10 percent and sending […]
August 7, 2018

Exclusive: Mattress Firm explores U.S. bankruptcy to close stores

Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and […]
August 7, 2018

Superyacht linked to 1MDB probe arrives at Malaysian port

A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port […]
August 7, 2018

Alibaba merging China food delivery units to counter Tencent-backed Meituan

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of […]
August 7, 2018

China bounce pushes world shares toward six-month high

World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe […]
August 7, 2018

Tesla starts hiring for new $2 billion Shanghai plant

Tesla Inc has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) […]
August 7, 2018

Baidu ready to beat Google if U.S. firm returns to China: CEO

Baidu Inc is prepared to win against Alphabet Inc’s Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine […]
August 7, 2018

Consultation prize: U.S.-China trade war fires bonanza for advisory firms

As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything […]
August 7, 2018

GlaxoSmithKline appoints HSBC’s Iain Mackay as new CFO

GlaxoSmithKline has named Iain Mackay from global bank HSBC as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she […]
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