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Category: Business
Goldman Sachs loses legal fight against EU cartel fine
U.S. investment bank Goldman Sachs on Wednesday lost its fight against an EU cartel fine handed down to its former Italian subsidiary and cable maker Prysmian after Europe’s top court…
Jaguar Land Rover appoints creative chief to board as it redefines strategy
Jaguar Land Rover appointed its creative boss to the board of management on Wednesday to help redefine the Jaguar brand as Britain’s biggest carmaker reviews its strategy under new CEO…
Business jet prices seen as stabilizing in 2021 after year-end order blitz
Preowned business jet prices are seen stabilizing in 2021, boosted by a December blitz of orders, after COVID-19 depressed demand and pricing last year, analysts and executives said. New entrants…
AT&T is sued for $1.35 billion over technology to synchronize smart devices
AT&T Inc was sued on Tuesday for at least $1.35 billion by a Seattle company that accused the telecommunications giant of stealing its patented “twinning” technology, which lets smart devices…
Why the Texas power catastrophe could happen in your state, too
The blackouts that shut down most of Texas for much of this week could be coming to other parts of the country in the future. The power outages lasted for…
Wall Street expects near-record iPhone sales despite delay, shut Apple stores
During the last three months of 2020, Apple Inc delivered its flagship iPhone 12 model weeks later than normal iPhone debuts and shuttered some of its stores due to the…
Coty to consolidate fragrance manufacturing operations, close Cologne factory
Coty Inc said on Wednesday it would close its manufacturing site in Cologne, Germany as a part of its efforts to consolidate its fragrance manufacturing operations. The closure of the…