(AFP) — Troubled Japanese conglomerate Toshiba said Thursday it will “support” a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners. The long-awaited move follows years of turmoil for the company, which once symbolised Japan’s…
By: Thomas I. LiknessEagle News Service (Eagle News) — Canada’s inflation rate has dropped to 5.2%, the biggest drop since April, 2020, Statistics Canada reported Tuesday. But there is little relief for shoppers at grocery stores. “Food purchased from stores…
By: Thomas I. LiknessEagle News Service (Eagle News) — Following eight months of interest rate increases, the Bank of Canada hit the pause button Wednesday and maintained its key overnight rate at 4.5%. In a release, the bank said there…
(AFP) — Wall Street stocks rose early Thursday, extending a rollercoaster week as Disney rallied following an announcement it is cutting 7,000 jobs. Shares of the entertainment giant jumped 3.9 percent as recently reinstated CEO Bob Iger’s message of austerity…
(AFP) — Music streaming giant Spotify on Tuesday reported a total of 205 million paying subscribers at the end of 2022, beating expectations, but its losses deepened. The Swedish company, which last week announced it was cutting almost six percent…
(AFP) — Germany’s antitrust watchdog said Monday it had launched an investigation into PayPal to examine whether the US online payment giant was using its dominance to restrict competition. The Federal Cartel Office (FCO) said it would examine whether the…
(AFP) — Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact the online retail giant had “hired rapidly” during the pandemic. “Between the reductions we made in November and…
By Juliette Michel with Beiyi Seow in WashingtonAgence France-Presse (AFP) — US retailer Walmart saw its earnings top expectations in the third quarter as consumers looked for bargains amid surging inflation, but its numbers were bogged down after a settlement…
(AFP) — Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes. The consumer price index (CPI), a key measure of inflation, rose at…
(AFP) — Wall Street stocks fell early Wednesday, threatening a three-day rally as markets digested inconclusive US election results as well as disappointing Disney earnings. Equities had risen the last three days on expectations that Republicans would win at least…
