Business

February 22, 2019 - 6:30 am
LONDON (AP) — Kraft Heinz is disclosing an investigation by federal regulators and will slash the value of its Oscar Mayer brands by a $15.4 billion. Shares plunged 20 percent before the opening bell Friday with the company posting a $12.6 billion loss for the fourth quarter. Kraft Heinz divulged...
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February 22, 2019 - 6:07 am
LONDON (AP) — Shares in Kraft Heinz are expected to plunge when markets open Friday after the consumer goods company said it was being investigated by U.S. regulators and it reported a massive loss. Kraft Heinz said it received a subpoena in October from the U.S. Securities and Exchange Commission...
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February 22, 2019 - 5:16 am
FRANKFURT, Germany (AP) — Automakers Daimler and BMW are formally launching their joint venture in services that make it possible to use their cars without necessarily owning one. Daimler CEO Dieter Zetsche and BMW's Harald Krueger held a joint news conference in Berlin on Friday to outline their...
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February 22, 2019 - 5:07 am
BERLIN (AP) — Business confidence in Germany has fallen for the sixth consecutive month and hit a four-year low as worries persist about the outlook for Europe's biggest economy at a time of global trade tensions, a closely watched survey showed Friday. The Ifo institute said its monthly index...
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February 22, 2019 - 5:03 am
WELLINGTON, New Zealand (AP) — China said Friday that reported delays in handling of coal shipments from Australia were due to stepped up inspections to protect the environment. "In recent years, China Customs has found that some of the imported coal didn't meet our environmental protection...
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February 22, 2019 - 4:38 am
BERLIN (AP) — A closely watched survey shows that business confidence in Germany has fallen for the sixth consecutive month as worries mount about the outlook for Europe's biggest economy. The Ifo institute said Friday that its monthly index declined to 98.5 points from 99.3 in January, sinking to...
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February 22, 2019 - 4:33 am
DHAKA, Bangladesh (AP) — Bangladesh police said Friday that they were seeking up to a dozen suspects in connection with a fire in the oldest part of the capital and could charge them with negligence over the blaze that killed at least 67 people. The case involves between 10 and 12 people wanted on...
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February 22, 2019 - 3:37 am
TOKYO (AP) — Global shares were mixed Friday after a slide on Wall Street as nervous investors eyed U.S.-China trade talks in Washington. France's CAC 40 fell 0.1 percent in early trading at 5,190.64. Germany's DAX was little changed, up less than 0.1 percent at 11,425.51. Britain's FTSE 100 was...
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February 22, 2019 - 3:33 am
WELLINGTON, New Zealand (AP) — Australia's trade minister said Friday that while there might be some delays in the processing of coal shipments at Chinese ports, he has no reason to believe China is banning Australian coal. Simon Birmingham told reporters in Adelaide that he did not see any problem...
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February 22, 2019 - 2:29 am
WELLINGTON, New Zealand (AP) — Australia's trade minister said Friday that while there might be some delays in the processing of coal shipments at Chinese ports, he has no reason to believe China is banning Australian coal. Simon Birmingham told reporters in Adelaide that he did not see any problem...
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