Shares of Spotify Technology SA fell 4 percent on Monday after a report said Amazon.com Inc was in talks to launch a free ad-supported music service, which is expected to intensify competition for the music streaming leader.
A federal court has struck down the Trump administration's repeal of an Obama-era policy aimed at boosting revenue for taxpayers by changing how energy companies value sales of coal, oil and gas extracted from federal and tribal land.
NEW YORK: Nike's long-time brand ambassador Tiger Woods gave investors another reason to cheer on Monday (Apr 15), after the world's biggest name in golf won the Masters, pushing the company's stock higher. In his signature red shirt and black shoes with the Nike "swoosh" logo, the 43-year-old ......
REUTERS: Wall Street was set for a subdued open on Monday after earnings from U.S. lenders Goldman Sachs and Citigroup failed to provide a boost, even as reports suggested of progress in U.S.-China trade talks. Goldman Sachs Group Inc fell 1.8per cent after its quarterly revenue missed estimates ......
SHANGHAI: Volkswagen will use Chinese software developers to help design a global autonomous vehicle architecture thanks to the prevalence of qualified programmers which carmakers are struggling to hire elsewhere, senior executives said on Monday (Apr 15). As carmakers scramble to develop advanced ...
REUTERS: Citigroup Inc reported a better-than-expected quarterly profit on Monday, boosted by a surge in investment banking revenue and lower expenses. Investment banking revenue rose 20 percent to US$1.4 billion, as strong growth in advisory and investment-grade debt underwriting more than offset ...
Daimler AG Chief Executive Officer Dieter Zetsche said the German automaker would add a new compact SUV to its lineup later this year.
Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker's manipulation of diesel emissions testing.
Best Buy Co Inc said on Monday Chief Executive Officer Hubert Joly would step down from his role in June and take over as the executive chairman.
Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group.
