Friday, 27 Dec 2024

Business

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Cable group urges antitrust probe of Comcast and Trump tweets support

WASHINGTON (Reuters) – President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world’s biggest entertainment company. The American Cable Association (ACA), which represents hundreds of smaller cable and broadband providers, on Monday said in a statement that it has […]

Apple, Goldman Sachs send Wall Street tumbling

NEW YORK (Reuters) – Wall Street’s major indexes tumbled on Monday as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) dragged down the technology and financial sectors. With Monday’s losses, all three indexes erased the gains from their brief rally after the U.S. congressional elections on Nov. 6. Apple shares fell 5.0 […]

Apple shares drop on iPhone suppliers' warnings

(Reuters) – Apple Inc (AAPL.O) shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. The Cupertino, California company’s signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as […]

General Electric seeks 'urgent' asset sales to cut debt: CEO

(Reuters) – General Electric Co (GE.N) is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much as 10 percent. Culp is facing tough questions about […]

Fáilte Ireland targets tourism growth of 5pc next year

Fáilte Ireland is forecasting growth in tourism of as much as 5pc in 2019, despite concerns around Brexit. Paul Kelly, CEO of Fáilte Ireland, said that 2018 had been an “exceptional” year for tourism, and that the body aimed to deliver another record year for 2019. “For tourism to continue to grow, it will need […]

The Instagrammers Next Door, Plugging Brands for Peanuts (or Shampoo)

By now you have probably heard of influencers, that group of internet-famous people who have more than a million social media followers and can make big money by plugging various brands. And you may have even heard of microinfluencers, who do the same thing for a still sizable but somewhat smaller social media audience — […]

Former Ryanair CFO expected to raise $500m through IPO and debt for new leasing firm

A new aircraft-leasing fund that will be floated on the London Stock Exchange this month by a former Ryanair chief financial officer will be valued at around $250m (€220.8m). Howard Millar has teamed up with his fellow ex-Stellwagen executives Ed Coughlan and Ed Hansom to establish the Sirius Aircraft Leasing Fund, which will predominantly invest […]

Oath promises to be here for long haul

Name When Oath moved into its fancy new European headquarters at the Point Village at the far end of Dublin’s north docks earlier this year, it still felt as if the US tech multinational was, in many ways, on the edge of things. That has all now changed insists Patrick Scully, who runs Oath’s Europe, […]

Alibaba Singles' Day tops $30 billion but growth rate plunges

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and […]