Tag: Corporate news
UK competition watchdog investigates Apple’s App Store
<p>LONDON — U.K. authorities have launched an investigation into Apple's App Store over concerns it has a dominant role that stifles competition and hurts...
Costco 4Q profits rise, helped by pandemic shopping habits
ISSAQUAH, Wash. — Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums...
For the first time since COVID, profits are rising again
<p>NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now.</p>
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Costco 4Q profits rise, helped by pandemic shopping habits
<p>ISSAQUAH, Wash. — Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums...
Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
EU probes Germany’s move to pay for coal plant closures
BERLIN — The European Commission said Tuesday it has opened a probe into whether Germany's plans to compensate owners for the early shutdown of...
Online review platform Trustpilot chooses London for IPO
<p>LONDON — Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the...
FCA pleads guilty in plot to enrich Detroit union officials
<p>DETROIT — Automaker FCA US pleaded guilty to conspiracy Monday, admitting that it paid off leaders of the United Auto Workers to try to...
AI panel urges US to boost tech skills amid China’s rise
<p>An artificial intelligence commission led by former Google CEO Eric Schmidt is urging the U.S. to boost its AI skills to counter China, including...
Online review platform Trustpilot chooses London for IPO
LONDON — Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the...