Wednesday, 15 Jan 2025

Business

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S&P, Nasdaq edge higher as earnings offset trade fears

NEW YORK (Reuters) – The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering skepticism over the United States and China reaching a trade deal before the March 1 deadline. Shares of Coty Inc, Mattel Inc and Motorola Solutions Inc jumped […]

National Enquirer owner defends reporting on Amazon's Bezos

WASHINGTON (Reuters) – The owner of U.S. tabloid newspaper the National Enquirer pushed back on Friday against accusations of “extortion and blackmail” from Amazon.com Inc chief Jeff Bezos, saying its reporting on an extramarital affair involving the world’s richest man was lawful and it would investigate his claims. Bezos on Thursday accused American Media Inc […]

Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

WASHINGTON (Reuters) – A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts. “The United States is firmly committed to open, fair and competitive markets for global energy trade,” […]

Excerpts From Jeff Bezos’ Blog Post Accusing National Enquirer of Blackmail

Jeff Bezos, the chief executive of Amazon and the richest man in the world, published an extraordinarily personal blog post on Thursday that accused the owner of The National Enquirer of trying to blackmail him in order to stop an investigation into how the tabloid had obtained private messages and pictures sent between him and […]

Shell leads cash race but Exxon catching up

LONDON (Reuters) – Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. The five leading firms, known as oil majors, more than tripled profits and doubled cash […]

DealBook Briefing: Jeff Bezos, Blackmail and ‘Below the Belt’ Selfies

Good Friday morning. (Was this email forwarded to you? Sign up here.) Bezos lays bare his National Enquirer fight Jeff Bezos last night accused The National Enquirer of “extortion and blackmail” — with a very public account of a conspiracy theory involving the White House, an affair and at least one “below the belt” selfie. […]

Exclusive: Dell explores sale of cybersecurity company SecureWorks – sources

(Reuters) – Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim […]

Mattel posts surprise profit on boost from Barbie

(Reuters) – Mattel Inc reported a surprise quarterly profit on Thursday, as the toy maker benefited from its revamped line of Barbie dolls and its efforts to keep a lid on costs, sending its share soaring 17 percent in extended trading. Barbie ended the year with its highest gross sales in five years, Mattel said, […]

Connected: Small firms can learn lessons from bigger multinationals

Some 350 businesses gathered in Dublin’s Aviva Stadium yesterday for the Small Firms Association’s (SFA) ‘Business Connect’ summit. The event was designed to give attendees a window into the decision-making and purchasing processes of some of this country’s leading companies. How to stand out from the crowd, case studies of successful co-operation between small and […]