Business News

By Tom Sims and Christoph Steitz FRANKFURT – Cerberus placed 15 million shares in Deutsche Bank, a term sheet from the investment bank running the sale showed on Tuesday, making …

By David Shepardson WASHINGTON – U.S. President Joe Biden publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing on Tuesday, after Chief Executive Elon Musk repeatedly complained about …

-Microsoft Corp is considering a deal to buy cybersecurity firm Mandiant Inc , Bloomberg News reported https://www.bloomberg.com/news/articles/2022-02-08/microsoft-is-said-to-pursue-deal-for-cybersecurity-firm-mandiant?sref=V7uxlNge on Tuesday, citing a person familiar with the matter. The talks may not …

-Activist investor Carl Icahn privately threatened a proxy fight for representation on the board of burger chain McDonald’s Corp, the Wall Street Journal reported on Tuesday, citing people familiar with …

By Svea Herbst-Bayliss BOSTON – Technology industry executive Barry McCarthy is an avid user of a Peloton bike and now the stakes for his workouts are rising as he becomes …

By Herbert Lash NEW YORK -The dollar strengthened and the euro weakened in sideways trade on Tuesday, a day after European Central Bank President Christine Lagarde tapped down expectations of …

By Bianca Flowers and Aishwarya Nair -Harley-Davidson Inc reported on Tuesday a sharp jump in revenue and an unexpected profit for the fourth quarter, boosted by price hikes and a …

By Scott DiSavino NEW YORK -Oil slid more than 2% on Tuesday from recent seven-year highs as the resumption of indirect talks between the United States and Iran could revive …

By Deena Beasley and Leroy Leo -Amgen Inc said on Tuesday it would buy back up to $6 billion of its shares in the first quarter and forecast profit to …

– Johnson & Johnson quietly shut down the only plant making usable batches of its COVID-19 vaccine late last year, the New York Times reported, citing people familiar with the …

By David Shepardson WASHINGTON – South Korean automakers Hyundai and Kia on Tuesday advised the owners of 484,000 U.S. vehicles to park outside and away from other vehicles because of …

Big Oil corporation BP reported its highest quarterly earnings in eight years in 2021, buoyed by diminished supply and increasing prices worldwide. BP earned a whopping $12.8 billion in profit …

By Svea Herbst-Bayliss BOSTON – ValueAct Capital is urging 7-Eleven’s owner, Seven & i Holdings, to break up its businesses and focus on the convenience-store chain, steps which it says …

By Chibuike Oguh – Buyout firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the fourth quarter, thanks to strong asset sales from …

ROME – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure …

MEXICO CITY -A global semiconductor shortage that has weighed on Mexico’s auto sector should normalize throughout the year and chip supply should reach pre-pandemic levels in the second half of …

By Lucia Mutikani WASHINGTON – The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust …

By Andres Gonzalez and Pamela Barbaglia MADRID -European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could …

PARIS -A $600 million contractual and safety dispute between Airbus and Qatar Airways deepened on Tuesday when the European planemaker revoked orders for two A350-1000 jets, days after ripping up …

MEXICO CITY – Mexican electric car provider VEMO and U.S. car hailing platform Uber announced on Tuesday an alliance to boost the number of electric vehicles in the platform’s Mexico …

By Chibuike Oguh and Tim Hepher – Veteran budget airline investor Bill Franke has pledged to avoid what he once called the “path to hell” after masterminding a $2.9 billion …

MANCHESTER TOWNSHIP – The Manchester EMS is now hiring for full and part-time positions. Earn between $18 and $28 per hour depending upon experience and status. The job entails 12 …

By Kenneth Li and Nick Zieminski NEW YORK -Thomson Reuters Corp missed fourth-quarter earnings forecasts on Tuesday as the news and data provider stepped up investments it said would help …

– Apple Inc is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones, bypassing hardware systems such …

By Praveen Paramasivam and Ananya Mariam Rajesh -CoverGirl parent Coty Inc on Tuesday raised its profit expectations for the year, as the cosmetics major’s focus on high-margin skincare products cushions …