U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand,…
Category: Business
GM commits to doubling ad spending with Black-owned media
General Motors Co will double its commitment to spending with Black-owned media to 4% of its ad budget next year with a target of reaching 8% by 2025, the U.S.…
Industry, green groups push Australia for action after it fails to adopt new emission targets
Industry and green groups in Australia called on Friday for the government to step up action to cut carbon emissions after it failed to match ambitious new targets pledged by…
Schlumberger CEO calms investors with faster recovery prediction
Oil demand is at the beginning of a multi-year growth cycle and will reach pre-pandemic levels by the end of 2022, the chief executive of top oilfield services provider Schlumberger…
Rolls-Royce in constructive talks with Spain over ITP Aero sale
British engineering company Rolls-Royce said it was in constructive talks with Spain over the sale of its Spanish unit ITP Aero, after a media report said Madrid could block the…
AmEx credit spending slump eclipses profit beat, shares fall
Chief Financial Officer Jeffrey Campbell said in an interview with Reuters the continued travel restrictions would slow a rebound in business travel for large corporations. "Our baseline assumption remains that…
Snap adds more users than Wall Street expected as improved app takes hold
Snap Inc on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed…