WASHINGTON (Reuters) – U.S. lawmakers questioning the chief executives of T-Mobile US Inc and Sprint Corp over their planned merger sparred with each other on Tuesday over T-Mobile’s executives staying at President Donald Trump’s hotel where they spent $195,000 while in Washington.
(Reuters) – Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its leadership, and that it would slash about 400 corporate positions.
HONG KONG (Reuters) – High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile and Honor of Kings helping it beat forecasts.
Aboard Air Force One (Reuters) – U.S. President Donald Trump said on Thursday he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon.com Inc (AMZN.O)
WOLFSBURG, Germany (Reuters) – Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros ($6.7 billion)of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.
TOKYO (Reuters) – Sony Corp (6758.T) expects operating profit to drop at least 30% this financial year to its lowest in four years as the company anticipates a hit to demand for its TVs, cameras and smartphone image sensors from the coronavirus outbreak.
HONG KONG (Reuters) – High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile and Honor of Kings helping it beats forecasts.
LONDON (Reuters) – Sage Group’s (SGE.L) sales to new customers in April were roughly half the level expected as it felt the effects of a sharp economic downturn caused by the coronavirus pandemic.
HERZOGENAURACH, Germany (Reuters) – Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.
TOKYO (Reuters) – Japan’s Sony Corp (6758.T) on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty related to the coronavirus outbreak.
LONDON (Reuters) – Sage Group (SGE.L) said it was starting to see the broader effects of a sharp economic downturn caused by the coronavirus pandemic, with new customer acquisition in April roughly half the level expected, as it reported progress in its first half.
(Reuters) – Logitech International (LOGN.S) reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.