October 2, 2018

September a ‘tale of two hurricanes’ for U.S. new car sales

Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a drop in sales in areas hit […]
October 2, 2018

Citigroup plans to grow offshore booking center in UAE: executive

Citigroup plans to boost the United Arab Emirates’ role as an offshore booking center and is working towards a full banking license in Saudi Arabia, helping […]
October 2, 2018

Moody’s places GE ratings under review for possible downgrade

Credit ratings agency Moody’s Investor Service said on Tuesday it has placed ratings of General Electric Co and its finance unit under review for a possible […]
October 2, 2018

Amazon raises minimum wage to $15, urges rivals to follow

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, seeking to head off criticism […]
October 2, 2018

Senator Bernie Sanders applauds Amazon for wage hike

U.S. Democratic Senator and prominent Amazon critic Bernie Sanders praised the company’s move to increase minimum hourly wages to $15 on Tuesday and said other companies […]
October 2, 2018

Italy’s Enel names Nicola Cotugno chief of Brazil operations

Italian utility Enel SpA on Tuesday named Nicola Cotugno as the country manager for its Brazilian operations, replacing Carlo Zorzoli, who will head global business development […]
October 2, 2018

Euro weakens to six-week low; Italian concerns weigh

The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would […]
October 2, 2018

PepsiCo beats on international strength, North America beverage rebound

PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing […]
October 2, 2018

Tesla worried by China even as deliveries surge

Tesla Inc announced record quarterly car production numbers on Tuesday but warned it was facing major problems with selling cars in China due to new tariffs […]
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