• Unilever shares fall as final quarter sales miss expectations

    Unilever shares fall as final quarter sales miss expectations

    Markets

    In terms of the group's individual divisions, its Beauty & Personal Care arm saw sales rise 3.1%, driven by a 2.5% volume gain, with its biggest brand, Dove , seeing "another year of broad-based growth". Unilever's ice creams are produced on the Continent. Jope, a 34-year veteran of the company, has already embraced the 2020 targets Polman set for Unilever in the wake of 2017's rebuffed $143 billion takeover bid by Kraft Heinz.
  • TSA agent jumps to his death in atrium of Orlando airport

    TSA agent jumps to his death in atrium of Orlando airport

    Markets

    For the most comprehensive local coverage, subscribe today. Police also said the suicide was an isolated occurrence and there were no other safety concerns. Throughout the morning, travelers took to social media to report on the delays and confusion. Hundreds of airport guests evacuated the atrium, the wide-open access area to the airport's four main terminals, when the man, in his 40s, jumped at around 9:30 a.m.
  • Mama mia! Italy, now in recession, stunts Europe's growth prospects

    Mama mia! Italy, now in recession, stunts Europe's growth prospects

    Markets

    The Italian economy contracted in the fourth quarter of past year, official data showed today, plunging it into a technical recession. Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that haunted the bloc in recent years.
  • Brazil dam collapse: Toll rises to 115, almost 250 people still missing

    Brazil dam collapse: Toll rises to 115, almost 250 people still missing

    Markets

    Residents in the town of Brumadinho, Brazil have been left in mourning on Thursday, rocked by tragedy after a local dam burst, sending out a torrent of sludge that has left almost hundred dead and hundreds still missing. By Friday, the company said it was expanding its financial assistance to residents "who lived or carried out any rural or commercial activities in the Self-Saving Zone (ZAS) of the Emergency Action Plan for Mining Dams (PAEBM)".
  • Apple Engineer Accused of Stealing Autonomous Car Secrets

    Apple Engineer Accused of Stealing Autonomous Car Secrets

    Markets

    Chen was hired by Apple as a hardware developer engineer for its self-driving vehicle project in June 2018, but aroused suspicion after being seen taking photos. Zhang Xiaolang was involved in the development of Apple's smart vehicle project. Apple investigators interviewed Chen and secured permission to examine his personally owned computer, hard drive, and smartphone.
  • Tesla Model Y is on the way -- in 2020

    Tesla Model Y is on the way -- in 2020

    Markets

    The quarterly profit was less than half of the $311.5 million the company had earned in the three months to September. "Given that annual new vehicle production is approaching 100 million per year and the global fleet is approximately 2 billion cars, it is impossible for Tesla to build electric cars fast enough to address the carbon crisis".
  • Tris Pharma is expanding a previous recall of infant ibuprofen

    Tris Pharma is expanding a previous recall of infant ibuprofen

    Markets

    The impacted brands include CVS Health and Equate, which is sold at Walmart . Tri Pharma says some of the bottles in the recalled lots have ibuprofen up to 10 percent over the limit, but that's far below the seven times dosage that's considered unquestionably risky for a baby.
  • Amazon hits record $4.3 billion profit

    Amazon hits record $4.3 billion profit

    Markets

    Historical context . The company has beaten analysts' earnings-per-share estimates five of the last eight fourth-quarter reports, but it has beaten sales estimates only once, a year ago. "Fourth quarter results are expected to reveal an ad player that is on its way to eventually challenge Facebook for the No. 2 spot", eMarketer analyst Monica Peart said in a statement ahead of the earnings announcement.
  • VW Reviving The Classic Beach Buggy As An Electric Concept

    VW Reviving The Classic Beach Buggy As An Electric Concept

    Markets

    But the upcoming concept will be fully electric and thus run on the German firm's modular electric drive matrix ( MEB) platform . Tearing himself away from an admiring crowd of bikini-clad, sufboard-toting beach babes, VW design head Klaus Bischoff explained: "A buggy is more than a vehicle".
  • Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

    Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

    Markets

    Facebook said more than 2.7 billion users interact with at least one of its apps each month, up from 2.6 billion last quarter. Monthly active users were up 9 percent year-over-year to 2.32 billion, slightly above expectations. 48,000 crores), or $2.38 (roughly Rs. 170) per share, in the fourth quarter, up from $4.27 billion, or $1.44 per share, a year earlier. Why you should care .
  • Consumers Energy customers asked to lower thermostats after fire

    Consumers Energy customers asked to lower thermostats after fire

    Markets

    Fiat Chrysler canceled first shifts production at its Warren and Sterling Heights plants. It is expected that fully normal operations will resume over the weekend. Gov. Gretchen Whitmer issued a public statement later Wednesday evening urging everyone in MI to turn down their thermostats to 65 degrees until midday on Friday, when temperatures are expected to warm up.
  • China Trade Talks Kick-Off

    China Trade Talks Kick-Off

    Markets

    His goal in the talks is to force the Asian giant to put an end to trade policies the U.S. deems "unfair", especially the theft or forced transfer of American technology, obliging USA firms to form joint ventures with local partners, and state subsidies for industry.
  • PG&E Officially Votes To File For Chapter 11 Bankruptcy

    PG&E Officially Votes To File For Chapter 11 Bankruptcy

    Markets

    FILE PHOTO: PG&E crew work on power lines to fix damage caused by the Camp Fire in Paradise, California , U.S. November 21, 2018. These liabilities dwarf PG&E's roughly $1.5 billion in liability insurance coverage, and are almost seven times its current market capitalization of $7.5 billion as of Tuesday morning.
  • Tesla Earnings to Follow Layoffs and Price Cuts

    Tesla Earnings to Follow Layoffs and Price Cuts

    Markets

    Tesla also delivered its second consecutive quarterly profit, even if the final figure was slightly below market expectations. Tesla said it ended the quarter with $4.3 billion in cash and said it could pay a $920 million convertible bond maturing in March.
  • Carlos Ghosn says 'plot and treason' behind arrest

    Carlos Ghosn says 'plot and treason' behind arrest

    Markets

    He told Nikkei he discussed a plan to integrate Nissan with Renault and their smaller alliance partner Mitsubishi Motors with Hiroto Saikawa, Nissan's chief executive, in September. Mr Ghosn has not been allowed to meet or communicate with family members and his repeated requests to be released on bail have been denied by Japanese authorities, despite providing assurances to wear an ankle tracking device and personally pay for security.