Business

Food group Nestle on Friday said it had bought U.S. meal delivery company Freshly in a deal valuing it at $950 million, with further potential payments or "earnouts" of up to $550 million.

Orlando (US) (AP) Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World s...

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.

The 30-share BSE Sensex ended 172.61 points or 0.43 per cent lower at 39,749.85. The broader NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.

Oil and gas group OMV's thirdquarter operating profit fell by twothirds as lower crude prices and the pandemicinduced global economic crisis bite.

Finnish telecom network equipment maker Nokia cut its fullyear profit forecast on Thursday even as its quarterly underlying profit met expectations in the company's first earnings report under new Chief Executive Pekka Lundmark.

Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its longterm oil price forecast on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.

Imagesharing company Pinterest Inc projected a 60% sales growth for the current quarter, off the back of a healthy rebound in ad spending by businesses after the early months of COVID19 pandemic wreaked havoc in the industry.

The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it will likely pave the way for action in December as fresh restrictions aimed at containing the coronavirus pandemic fuel fears over a new recessio...

Ford Motor Co. posted a strongerthanexpected thirdquarter net profit as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more highmargin trucks.

Oil prices went into reverse on Wednesday, giving up the previous day's gains as a surge in U.S. crude stocks and rising coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand.

Britain's GSK said on Wednesday it expects fullyear adjusted earnings to come in at the lower end of its forecast as the COVID19 pandemic disrupts vaccination rates, especially for its blockbuster shingles vaccine.

General Electric Co reported a smaller quarterly loss and positive cash flow on Wednesday, as the company cut costs in its aviation unit and saw improvement in revenue in its power business.

Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurer...

South Korea's SOil Corp said on Wednesday refining margins are expected to improve in the fourth quarter, supported by increased demand for kerosene and diesel ahead of the winter season.

Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm, although surging coronavirus infections and rising Libyan supply limited gains.