Credit Suisse on Thursday reported a net loss of 353 million Swiss francs ($392.8 million) for the fourth quarter of 2020.The bank’s fourth-quarter report was better-than-expected although it had a ...
German sportswear company Adidas has unveiled its plans to sell the Reebok brand to help the company step up its competition in the American market. Adidas said further details of its new five-year st...
Warren Buffet’s Berkshire Hathaway (BRK) announced on Tuesday that it acquired an $8.6 billion stake in Verizon Communications (VZ) and $4.1 billion worth of shares in Chevron Corp. (CVX), according...
History has been made as the first African woman is appointed as the Director-General of the World Trade Organization.Nigeria’s ex-finance minister Ngozi Okonjo Iweala on Monday has been appointed t...
Ford on Wednesday unveiled its plans to target “all-electric” passenger vehicles by 2030. The automaker also said it will invest $1 billion in an EV production plant in Cologne, Germany to show it...
Elon Musks space travel company SpaceX recently completed a raise of $850 million placing the company’s valuation at nearly $74 billion, sources familiar with the matter told CNBC.SpaceX raised the ...
Rolls Royce Holdings on Sunday named former Deloitte partner Panos Kakoullis as the company’s next chief financial officer. The appointment will be announced Monday, as reported by Sky News.The new ...
Tesla boss Elon Musk said on Sunday that he was in support of top dogecoin holders selling most of their coins. He said he felt the real issue was too much concentration on the mem-based digital curre...
Merck & Co. last Thursday officially announced the planned retirement of its CEO, Ken Frazier, at the end of June. He will be succeeded by the current CFO Robert Davis.Once Frazier retires as chie...
Wells Fargo & Co has invested in six Black-owned banks as part of its $50 million pledge program to support minority-focused lenders. The banking giant will assign specific teams to provide the le...