World Business

 

The only good thing about Twitter's results

Twitter's results weren't great.

John McDuling 3:39 PM   Twitter's results kind of sucked, but the way they were presented didn't.¬†

Elon Musk just lost $4.6b on Tesla, SolarCity

The year is still young, but has proven expensive so far for Elon Musk.

Matt Krantz 9:18 AM   Famed investor Elon Musk has had a bad start to the year, bleeding $113 million a day on his two big investments. But maybe things are changing.

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Twitter shares fall as user growth stalls

Twitter shares have dropped 35 per cent this year amid deepening skepticism about the company's turnaround efforts under ...

Sarah Frier 8:45 AM   Twitter shares slid as much as 14 per cent after it failed to add new users in the fourth quarter and forecast first-quarter revenue that will fall short of analysts' estimates.

Asahi's $4b offer to buy Peroni and Grolsch

A can of Foster's lager, produced by Foster's Group Ltd, center, sits alongside bottles of Peroni lager, produced by ...

Chad Bray and Jonathan Soble 8:31 AM   The Jaoanese brewer has made a binding offer to buy the two beer brands as well as certain European operations of SABMiller.

Deutsche Bank helps European rebound

Deutsche Bank jumped 10 per cent as a person familiar with the matter said it is considering buying back some of its debt.

Alan Soughley and Sofia Horta e Costa 8:26 AM   A surge in banks, led by a 10 per cent jump in Deutsche Bank, helped European stocks rebound from their lowest level since 2013.

ESPN's dark side too strong for Disney

ADVANCE FOR USE ON SUNDAY NOV. 1 - FILE - In this Sept. 29, 2007 file photo, Eastern Michigan linebacker Daniel ...

Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of Star Wars: The Force Awakens.

Opinion

Are Europe's banks facing their Lehman moment?

The spirit of Lehman Brothers is looming over the market turmoil. Are investors right to be worried?

Ben Wright   It hasn't been a bad year for European banks, it's been a bad decade. They have been roaring through their shareholders' cash like drunken sailors on shore leave.

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Beyonce jolts Red Lobster sales

SANTA CLARA, CA - FEBRUARY 07:  Beyonce (R) performs onstage during the Pepsi Super Bowl 50 Halftime Show at Levi's ...

Leslie Patton   The seafood chain's sales jump 33 percent after pop star Beyonc√© mentions it in her new song.

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Tesla shares plunge again in advance of earnings report

Tesla's Model S.

Dana Hull   Tesla Motors Inc fell to a two-year low amid concerns that cheap gasoline is stifling demand for electric cars as well as whether the company can efficiently produce enough of its new sport utility vehicle.

Can hobbits save NZ's dairy farmers?

Bag End, the house owned by by Bilbo Baggins in 'The Hobbit' film series.

Matthew Brockett and Tracy Withers   New Zealand farmer Ian Diprose used to count on the dairy industry for most of his income. Today, he relies on tourism.

Google's $US200m man should earn it

As long as he stays at Google until the end of 2019, Sundar Pichai will own outright the full amount of stock.

Shira Ovide   Google's parent company was briefly the most valuable company in the world but when it comes to how it pays its executives, Google falls short of the big leagues.

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These are the world's most miserable economies

A pedestrian walks past a mural depicting the eyes of the late Venezuelan President Hugo Chavez, and an election poster ...

A Catarina Saraiva and Michelle Jamrisko   Thanks to off-the-charts inflation, one country will probably retain the dubious honour of being the most miserable for a second year. How will Australia rank?

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When the going gets tough, Russia's rich go shopping

Spending big: Corporate lawyer Yaroslav Gafurov spent some $1.4 million on new cars last year.

Ilya Khrennikov, Andrey Lemeshko and Corinne Gretler   As the recession heads into its second year, conspicuous consumers stock up on their favourite toys -- luxury cars, watches, fashion.

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IMF chief: China can avoid 'hard landing'

Advanced economies should support their economies through accommodative monetary policy and infrastructure spending to ...

David Lawder   But spillovers from China's transition to slower growth will continue to pressure oil and commodity exporters around the globe, IMF chief Christine Lagarde says.

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Royal Dutch Shell's profit dives 56pc

Promising to continue to pay dividends, which some other big petroleum companies have also pledged to do, is one of the ...

Stanley Reed   Royal Dutch Shell has become the latest big energy company to file a damage report on the impact of depressed oil prices.

Playing nice: Toymakers said to discuss merger

Hello Barbie

Ed Hammond, Alex Sherman and Jeffrey McCracken   A deal would bring together Mattel's strength in the girls category and Hasbro's dominance over the boys' toy aisle, making the combined group a stronger competitor to Lego.

LinkedIn forecasts current-quarter profit below estimates

LinkedIn's recruitment services business is facing pressure in Europe, Middle East and Africa and Asia-Pacific regions.

LinkedIn Corp forecast current-quarter profit and revenue below analysts' estimates, citing weakness in its recruitment services business in markets outside North America.

Does capitalism really work anymore?

Will profit margins inevitably roll over?

Joe Weisenthal   One of the most heated debates among investors is whether margins can maintain their elevated level.

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Tesla shifts gears in China

Tesla, whose China rollout for the Model S sedan got off to a rocky start, wants to take advantage of the nation's hot ...

Dana Hull   Tesla Motors has started taking orders for its Model X in China, giving customers in the world's largest auto market access to the new sport utility vehicle before it debuts in Europe.

UK's Lloyds bank to cut 1585 more jobs

The bulk of the reductions are across Lloyds' retail businesses.

Lloyds Banking Group Plc says it will axe about 1585 jobs and close 29 branches as part of sweeping cuts it announced more than a year ago, aimed at reducing Europe's second-biggest lender's workforce by 9000.

ChemChina buys Syngenta for record $US43b

The state-owned company's record purchase of the Swiss seed maker is aimed at further guaranteeing the ability to feed ...

Sarah Chen   State-owned ChemChina will pay $US43 billion for Swiss pesticide and seeds maker Syngenta in a world record takeover deal.

Why BHP, Rio fear Bernie Sanders

Big Australian miners will be cheering for Hillary Clinton in the US presidential race.

Peter Ker   Rio Tinto and BHP have a bit to lose if Bernie Sanders beats Hillary Clinton in the race for the Democratic nomination.

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Zuckerberg tops Bezos to become world's fourth-richest man

Facebook founder Mark Zuckerberg now has a $US50 billion fortune.

Tom Metcalf   Mark Zuckerberg became the world's fourth-richest person this week, as Facebook shares fended off plunging stock markets.

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Lululemon billionaire Chip Wilson reinvents himself

Lululemon founder Dennis "Chip" Wilson with his wife, Shannon, at their Bronte home: "Lululemon became a teenager who ...

Katherine Rosman   Chip Wilson, the Vancouver billionaire who founded and fell out with Lululemon, believes deeply in being on time, and a future reunion with the yogawear company.

Pharma's big price gouge

Drugs giant Pfizer raised prices for 24 drugs in the US by 12 per cent or more in the past two months, with Viagra ...

Robert Langreth and Rebecca Spalding   After Martin Shkreli raised the price of anti-HIV drugDaraprim more than 50-fold to $US750 a pill, he said he wasn't alone in taking big price hikes.

Alphabet profit tops estimates

The new structure has given more to autonomy to Google's main business under CEO Sundar Pichai.

Jack Clark   Google reported profit and sales that topped estimates, lifted by robust sales of online ads and tighter cost controls.

Court challenge to Yahoo employee-ranking system

More than one-third of the company's workforce having left voluntarily or involuntarily over the past year.

Vindu Goel   A former Yahoo manager who lost his job has filed a law suit saying the system, which has been used to fire hundreds of employees, is discriminatory and violates the law.

Yahoo set to axe 1600 jobs

Yahoo chief executive Marissa Mayer: Activist investors have pressed Yahoo to sell its core business rather than spin it ...

Deborah Todd   Yahoo chief executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 per cent of its workforce, about 1600 jobs.

Fed's Fischer says volatility could harm US

"At this point, it is difficult to judge the likely implications of this volatility."

Jonathan Spicer   The US economy could suffer with inflation remaining too low if recent volatility in financial markets persists and signals a slowdown in the global economy.

Barclays, Credit Suisse pay record fines over dark pools

Schneiderman's office filed a lawsuit against Barclays in June 2014 alleging fraud in its dark pool.

Sarah Lynch   Barclays and Credit Suisse have settled US federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $US70 million.