Business News

WASHINGTON – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend. …

By Medha Singh – Stocktwits.com, one of the social media sites at the heart of last year’s retail trading mania, launched a crypto trading platform on Thursday, looking to tap …

By Danielle Kaye NEW YORK – Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner …

By Ari Rabinovitch and Steven Scheer JERUSALEM – Israel’s flag carrier El Al Airlines, forced to slim down following a government bailout during the pandemic, said on Thursday it has …

-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell …

(This Feb 2. story corrects year to 2020, not 2000 in paragraph 11) By Akash Sriram and Subrat Patnaik – Google parent company Alphabet Inc advanced nearer to joining peers …

By Echo Wang NEW YORK – The party is over for technology start-ups rushing to go public at ever-higher valuations, as volatile U.S. stock markets have dampened investor appetite for …

By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters. …

– GameStop Corp is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the booming market …

By Clara Denina and Zandi Shabalala LONDON – Big miners, under pressure to increase their exposure to minerals needed to drive the electric vehicle revolution, have so far opted for …

By Christopher Bing and Raphael Satter WASHINGTON – A flaw in Apple’s software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by …

– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures and strong holiday demand. Packaged …

WASHINGTON – Tesla Inc is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not …

By Elizabeth Dilts Marshall NEW YORK – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending and encourages companies to bulk …

By Chibuike Oguh – Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales from its private equity portfolio …

By Isla Binnie MADRID -Wind turbine maker Siemens Gamesa pledged a “reset” on Thursday, introducing a new chief executive to try to revive its fortunes after a series of losses …

ZURICH – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, it told employees in an …

By Simon Jessop and Ross Kerber LONDON – The world’s biggest asset manager BlackRock said it will increase the products and services it offers to help investors “navigate, drive and …

By Juliette Portala -Compass Group, the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares. The …

By Aftab Ahmed and Manoj Kumar NEW DELHI -State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government …

(This Jan. 27 story corrects to show in paragraph 4 that the gap between three- and six-month yields is at steepest since 2018, not 2015) A look at the day …

(This Feb 2 story adds dropped word “tech” in headline) By Katanga Johnson WASHINGTON – Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies …

LONDON – Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, …

By Ludwig Burger -Swiss drugmaker Roche said on Thursday sales growth would slow this year as it braces for less demand for its COVID-19 medicines and tests, expecting immunity against …

By Toby Sterling AMSTERDAM -ING Groep NV reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation …