International Companies
17 Aug
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Deere & Co's third-quarter profits fall short of Wall Street estimates

Deere & Co's third-quarter profits fell short of Wall Street estimates on Friday, with the company's shares retreating by 3. 3% after it reported higher raw material and freight costs.

17 Aug
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Musk vows to remain Tesla CEO despite 'excruciating' year

Tesla CEO Elon Musk has said he will remain as chairman and chief executive of Tesla despite admitting he suffered an excruciating year at the company that has affected his personal life and health.

17 Aug
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Google employees criticize Chinese search engine project

Over 1,000 Google employees have signed a letter to fight against the company's Chinese search engine project, arguing that it is unethical and that it goes against freedom of expression.

17 Aug
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BofA-ML retains bearish stance ahead of 10-year commemoration of Lehman Bros. crash

Investors are already positioned 'bearishly', but that potential positive for financial markets was likely to be swamped by the recent peaks in corporate profits and economic stimulus, strategists at Bank of America-Merrill Lynch cautioned.

16 Aug
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Macy's shares plummet as department store struggles to reinvent itself

Macy’s saw its shares tumble on Wednesday even though the company reported second quarter earnings and sales that exceeded analysts’ expectations and hiked its full-year expectations.

16 Aug
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Tesla gets subpoena over Musk's tweet to take company private

Federal regulators have subpoenaed each of Tesla's directors following preliminary inquiries into CEO Elon Musk’s tweet last week assuring investors that he had secured the funding needed to take the company private.

16 Aug
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Walmart's 'great quarter' driven by strong e-commerce showing

US retail giant Walmart has bounced back from a soft first quarter, revealing a 40% increase in its domestic e-commerce sales for the three months to June, beating out the previous quarter's 33% rise.

16 Aug
moneysupermarket
UK insurance comparison firms' shares slump as Amazon plans to launch rival site

Shares in UK insurance price comparison firms such as GoCompare and Moneysupermarket have taken a hit following a report that Amazon is plotting the launch of a UK price comparison website for insurance.

15 Aug
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Qatar pledges $15bn 'direct investment' in Turkey

Qatar has promised to invest $15bn in Turkey, following an agreement between heads of state in Ankara on Wednesday.

15 Aug
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Tencent reports unexpected decline in profits

Tencent shares were in the red on Wednesday as lower investment gains in the second quarter led to a drop in profits at Asia's most valuable tech firm.

15 Aug
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Amazon told to pull 'misleading' one-day delivery advertisement

Amazon has been banned from advertising its one-day delivery service for Prime members after the UK's advertising regulator labelled it misleading.

14 Aug
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Tesla board awaits formal take-private proposal from Musk

Tesla directors have not yet received a formal proposal from CEO Elon Musk to take the company private, they said on Tuesday.

14 Aug
Facebook acquires further sports broadcast rights

Facebook has signed an exclusive deal to broadcast every La Liga game for the next three seasons to eight countries in the Indian subcontinent.

14 Aug
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Home Depot raises full-year forecasts following strong first half

Home Depot saw a boost in sales on the back of a warm start to the summer, turning in a second-quarter report card that surpassed analysts' expectations.

14 Aug
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Twitter boosted after Citron sets $52 target price

Twitter’s shares were given a boost on Monday after online investment newsletter Citron Research predicted that the social media giant’s shares will hit $52 within a year.

13 Aug
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Musk confirms potential funding from Saudis to take Tesla private

Tesla founder Elon Musk says that Saudi Arabia's sovereign wealth fund has "expressed support" about providing funding for the electric car manufacturer to be taken private.

13 Aug
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Netflix CFO David Wells to step down

Netflix's chief financial officer David Wells will step down from the role to dedicate his time to his philanthropic work and "big challenges".

13 Aug
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Ticketmaster to shut resale sites Seatwave and Get Me In

Ticketmaster on Monday said it was closing its resale websites Seatwave and Get Me In to reduce the number of “professional sellers” who exploit the platforms and hike up prices.

13 Aug
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Bayer plummets after Monsanto's $289m cancer payout

Shares in German pharmaceutical giant Bayer AG plummeted by more than 10% on Monday after subsidiary Monsanto was found to be liable for a terminally ill man’s cancer.