WASHINGTON: Amazon.com CEO Jeff Bezos and Facebook's Mark Zuckerberg will defend their respective companies before a congressional hearing on Wednesday (Jul 29) by saying they face intense competition from large rivals. Bezos and Zuckerberg's written testimony, made public on Tuesday, will be ...
NEW YORK: The coronavirus pandemic took a bite out of McDonald's profits and the Big Mac maker said Tuesday (Jul 28) it plans to focus on affordability in upcoming marketing campaigns, as US consumer surveys reveal mounting recession fears. But while there is still a lot of uncertainty because...
L Brands Inc. said on Tuesday it was cutting 15per cent of its home office workforce, or about 850 associates, as the Victoria's Secret owner restructures its operations to cut costs in the face of the COVID-19 pandemic.
NEW YORK: Gold chalked up another record peak on Tuesday (Jul 28), while equity markets struggled with mounting coronavirus fears amid a political fight in Washington over another fiscal package to support the battered US economy. With fresh infection spikes in Asia and Europe – on top of the...
Facebook Inc's chief executive, Mark Zuckerberg, will defend the social media company before a congressional hearing on Wednesday by saying it faces intense competition, justifying its acquisitions and pointing to China's growth as an internet superpower.
L Brands Inc. said on Tuesday it was cutting 15per cent of its home office workforce, or about 850 associates, as the Victoria's Secret owner restructures its operations to cut costs in the face of the COVID-19 pandemic.
Advanced Micro Devices Inc raised its full-year revenue outlook on Tuesday, driven by a surge in chip demand from data-center operators and PC makers scrambling to meet coronavirus-induced remote work needs.
EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.
AMC Theatres and Comcast Corp's Universal Pictures agreed to a major shift that will allow the studio's movies to be made available to U.S. audiences at home after just three weekends in cinemas, the companies announced on Tuesday.
Oreo maker Mondelez International Inc posted quarterly results above market expectations and raised its quarterly dividend by 11per cent on Tuesday, driven by strong demand for its snacks and chocolates in North America.
