Nissan said it planned to oust chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of misconduct. Japanese media reported that Ghosn, who is also chairman and chief executive of Nissan’s French partner Renault and one of the best known figures in the global car industry, […]
Dole Food has reported earnings before interest, taxation, depreciation, and amortisation (EBITDA) of $45.4m (€40m) for the three months to October 6th. This represents decline on the $50.1m (€44m) EBITDA reported for the same period in 2017, according to a statement from Total Produce, which in July completed the acquisition of 45pc of Dole for […]
(Reuters) – Shares of cash-rich firms in Asia have weathered this year’s sell-off in much better shape than key stock indexes, a Reuters analysis showed, reinforcing views that investments in companies with strong finances safeguard returns during market crises. An analysis of top 200 Asian firms based on their cash and short-term investments showed they […]
The Brexit transition period could be extended by two years under proposals suggested by the European Union’s chief negotiator, it has been reported. Michel Barnier is said to have proposed the extension in order to give more time for Britain to strike a full trade deal with the EU. The move would also give diplomats […]
Dublin-headquartered Inflazome has completed a €40m Series B funding round. Inflazome is developing potent and selective small-molecule inhibitors of the NLRP3 inflammasome, to stop the cycle of chronic inflammation that drives such diseases. Data indicates that the NLRP3 inflammasome is overactive in a broad range of serious medical conditions driven by harmful inflammation, the company […]
Irish consumer spending is set to reach a record €105bn this year, surpassing the boomtime peak set in 2007, according to a new report. The Home Renovation Incentive (HRI), a tax relief for home improvements, is fuelling strong growth in people’s spending on their homes, according to the latest Consumer Market Monitor from the Marketing […]
Everything we needed to know about Facebook was right in front of our faces, on the big screen, in 2010. Come with me on this journey back in time, to the AMC Mountainside 10, on Route 22 in New Jersey, where I first saw “The Social Network.” At the time, I was rooting for the […]
SYDNEY (Reuters) – Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS tacked on 0.1 percent and […]
On election night, Amy Rowland and 250 others gathered to wait for results at Dumbo Loft, an old industrial building-turned-event space in Brooklyn. While some were focused on Senate and House races, Ms. Rowland was nervously awaiting numbers from Michigan’s state election. Since February, she had been part of a group of 210 who were […]
After its stock plummeted over its possible role in California’s deadly wildfires, the state’s largest utility won back some investor confidence on Friday after its chief regulator offered a backstop. Shares in the company, Pacific Gas and Electric Company, which serves most of the state’s northern half, had plunged over concerns that it could face […]