Tag: Corporate news
Caterpillar 1Q sales rise as dealers boost inventory levels
Caterpillar's sales rose in the first quarter as market conditions for the machinery company begin to improve and dealers increase their inventory levels.
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UConn trustees green-light $70 million on-campus hockey rink
<p>STORRS, Conn. — The University of Connecticut’s Board of Trustees on Wednesday approved a new $70 million plan to build a 2,600-seat hockey rink...
Toyota to invest $803 million, 1,400 new jobs in Indiana
<p>Toyota says it will invest $803 million and add 1,400 new jobs at its Indiana auto manufacturing plant so it can produce two new...
Saudi crown prince defends austerity steps, social loosening
DUBAI, United Arab Emirates — Crown Prince Mohammed bin Salman laid out a vigorous defense of his domestic policies and the thinking behind his...
Facebook reports soaring quarterly ad revenue, stock jumps
<p>Facebook's stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue.</p>
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Restructuring Deutsche Bank shows best quarter in 7 years
FRANKFURT, Germany — Deutsche Bank saw its strongest quarterly profits in seven years as the bank's long-running restructuring showed in lower costs and as...
Ford posts surprise $3.26B 1Q profit; chip shortage looms
<p>DETROIT — Ford Motor Co. says it made $3.26 billion in the first quarter, helped by rising vehicle prices and in spite of production...
In Jaffa, gentrification stokes discord as Arabs pushed out
TEL AVIV, Israel — A turreted former Catholic girl's school in Jaffa is being transformed into an exclusive Soho House club. Around the corner,...
Audio publisher withdraws edition of new Philip Roth bio
<p>NEW YORK — The audiobook publisher of a new Philip Roth biography is pulling the release, following W.W. Norton and Company's announcement that it...
China’s Huawei says sales down 16.5% amid US sanctions
BEIJING — Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved.
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