Blackstone waves off concerns over Saudi funding

NEW YORK (Reuters) – Blackstone Group LP (BX.N), the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and More...

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By admin On Thursday, October 18th, 2018
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Coca-Cola names Brian Smith chief operating officer

(Reuters) – Coca-Cola Co (KO.N) on Thursday appointed company veteran Brian Smith as its chief operating officer, a role that has been vacant since James Quincey became chief executive officer last year. More...

By admin On Thursday, October 18th, 2018
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Pricing boost helps Philip Morris quarterly results to beat estimates

LONDON (Reuters) – Philip Morris International (PM.N), maker of Marlboro cigarettes, maintained its full-year guidance on Thursday after higher pricing helped it to report better than expected quarterly More...

By admin On Thursday, October 18th, 2018
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Wall Street slips at open on hawkish Fed, weak industrial earnings

(Reuters) – U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, More...

By admin On Thursday, October 18th, 2018
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Price increases underpin sales growth at Nestle, Unilever

LONDON (Reuters) – Nestle (NESN.S) and Unilever (ULVR.L) (UNc.AS), two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices More...

By admin On Thursday, October 18th, 2018
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Philip Morris posts rise in third-quarter sales and profit

LONDON (Reuters) – Philip Morris International (PM.N), maker of Marlboro cigarettes among others, reported higher quarterly sales and profit on Thursday, helped by growth of its IQOS tobacco-heating device. More...

By admin On Thursday, October 18th, 2018
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Tesla secures Shanghai site for $2 billion China Gigafactory

BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese More...

By admin On Thursday, October 18th, 2018
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Indonesia raids home of Lippo Group deputy chairman in bribery probe

JAKARTA (Reuters) – Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked More...

By admin On Thursday, October 18th, 2018
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Takeda gets Japanese approval for $62 billion Shire purchase

(Reuters) – Takeda Pharmaceutical Co Ltd (4502.T) said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc (SHP.L), bringing the Japanese firm closer to sealing More...

By admin On Thursday, October 18th, 2018
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Google to charge smartphone makers for Google Play in Europe

BRUSSELS/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google on Tuesday revamped how it distributes its mobile apps in the European Union, introducing a licensing fee for device makers to access its app More...