Business
Japanese automotive supplier Jtekt has agreed to transfer several of its European-facing operations, including a manufacturing site in Morocco, as part of a broader restructuring of its international business portfolio. The transaction forms part of a share transfer agreement with an investment entity......
Estée Lauder remains open to future acquisitions following the collapse of merger discussions with Spanish fashion and beauty group Puig, according to the company’s chief executive. The proposed deal, which would have created a major global player in the premium beauty industry, fell apart......
FedEx Freight, the less-than-truckload logistics division of FedEx Corp, is preparing to begin trading as an independent company on the New York Stock Exchange under the ticker symbol “FDXF”, following the completion of its long-planned corporate separation. The spinoff marks a major restructuring......
The United States Postal Service (USPS) has announced a multi-year agreement with DHL eCommerce to provide last-mile parcel delivery services across the United States, in a deal expected to exceed $10 billion in value. The partnership strengthens DHL’s presence in the American logistics market......
Shareholders of Exxon Mobil Corp have approved the company’s plan to relocate its legal headquarters to Texas, marking a significant victory for the energy giant amid ongoing debates over corporate governance and investor influence. The decision follows recommendations from major proxy advisory......
Bank of America expects its trading revenue to increase by about 15% in the second quarter compared with the same period last year, according to CEO Brian Moynihan. The projection reflects improved performance in global financial markets following a period of heightened volatility last year, when markets......
Boeing is increasing production of its 737 aircraft following discussions with the Federal Aviation Administration (FAA), marking a new step in the company’s efforts to stabilize and expand its manufacturing output. According to Boeing CEO Kelly Ortberg, the company plans to raise monthly production......
American Airlines Group is planning to significantly expand its technology operations in India by doubling the workforce at its Hyderabad tech hub to around 800 employees by early next year, according to sources familiar with the matter. The expansion reflects a broader trend among global airlines and......
Shareholders of Chevron voted against a proposal that would have required the company to appoint an independent chairperson separate from the chief executive officer role. The decision was announced during the company’s annual shareholder meeting in Houston. The proposal aimed to separate the......
U.S. stock futures moved higher on Wednesday, supported by continued enthusiasm around artificial intelligence and cautious optimism over geopolitical developments in the Middle East. Investor sentiment remained broadly positive after recent gains in major indices, with technology-related stocks playing......
Major food delivery companies Uber and DoorDash are reportedly exploring the possibility of a takeover bid for German delivery platform Delivery Hero as competition intensifies in the global food delivery sector. According to financial media reports, the two American companies have initiated preliminary......
Shares of Workday rose sharply on Friday after the company reported stronger-than-expected quarterly results, helping to ease investor concerns about potential disruption from artificial intelligence competitors. The California-based software firm exceeded analysts’ estimates for both revenue......
A U.S. federal appeals court has ruled in favor of Amazon.com, rejecting allegations that the company knowingly facilitated tariff evasion on products sold through its platform. The case was brought forward by Henig Furs, a U.S.-based business, which accused Amazon of allowing foreign manufacturers......
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