Longtime Starbucks leader Howard Schultz — who returned to the company as interim CEO on Monday — said his first major action will be suspending Starbucks’ share buyback program and plowing those billions of dollars into the company instead. “This decision will allow us to invest more profit into our people and our stores —…
TOKYO (Reuters) – Japan’s central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an associate of Prime Minister Fumio Kishida whose ideas likely inspired the premier’s economic policy framework said. Kishida’s government should unleash as much as $400…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Monday said its first-quarter production results could top a seven-year quarterly record, with operating profits from pumping oil and gas of up to $9.3 billion. A snapshot of the largest U.S. oil company’s quarter ended March 31 showed operating profits from its oil and gas unit…
(Reuters) – Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. AMD said the deal value does not include working capital and other adjustments. Pensando, which was founded in 2017 by…
(Reuters) – U.S. stock index futures edged higher on Monday as a jump in the shares of Twitter and U.S.-listed Chinese firms offset concerns about more sanctions against Russia over its invasion of Ukraine. Micro-blogging site Twitter Inc jumped 26.3% in premarket trading after Tesla Inc Chief Executive Officer Elon Musk reported a 9.2% stake…
(Reuters) -British insurer Aviva on Monday named Charlotte Jones as its next chief financial officer, saying it has become only the second FTSE 100 firm with a female CEO-CFO duo at the helm. Jones, who replaces Jason Windsor, was previously finance chief at RSA Insurance and a deputy group CFO at Deutsche Bank, besides having…
Tesla CEO Elon Musk has acquired a 9% stake in Twitter to become its largest shareholder while joining other critics in questioning the social media platform’s dedication to free speech and the First Amendment. Musk’s ultimate aim in acquiring 73.5 million shares, worth about $3 billion, isn’t clear. Yet in late March Musk, who has…
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, sending the micro-blogging site’s shares soaring 16% in premarket trading. Late March, the silicon valley billionaire said he was giving “serious thought” to building a new social media platform. Musk was responding…
DUBLIN (Reuters) – Workday Inc will add 1,000 jobs at its European headquarters in Dublin over the next two years and construct a 51,000 square metre campus in the capital to accommodate the expansion, the U.S. software company said on Monday. Workday specialises in cloud-based applications for finance and human resources, and the jobs will…
GENOA (Reuters) – A potential increase in military spending could add to growth estimates released last month by Italian defence group Leonardo, Chief Executive Alessandro Profumo said on Monday. “We already have a very important growth plan … everything that arrives will come on top (of current estimates)”, Profumo said when asked how a potential…
