Category: Business

Eastman Kodak Co (KODK.N) increased spending on lobbying the U.S. government in the months before the Trump administration announced a $765 million loan to the photographic equipment maker, public disclosures filed with the Congress show. The company spent $870,000 as “expense relating to lobbying activities” from April through June, according to the lobbying disclosures bit.ly/3ai2Mud. […]

Chinese tech giant Tencent Holding (0700.HK) is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd (BABA.N)(9988.HK), which entered the business just months ago. Teng An Fund, Tencent’s fund distribution unit, starts offering selected investors investment advisory services this week, according to the […]

Tesla Inc on Tuesday announced a five-for-one stock split, sending the electric carmaker’s recently high-flying shares up 7% in extended trade. Tesla’s stock, which traded at $1,475 after the announcement, is among the highest priced on Wall Street, and the Palo Alto, California-based company said in a press release it was looking to make its […]

Australian wages grew at their slowest pace on record in the second quarter, underscoring the damage the coronavirus has done to household spending, after recent data showed consumer confidence and business conditions were hit. The official wage price index (WPI) rose 0.2% in the three months to the end of June, the Australian Bureau of […]

Home rental startup Airbnb said on Wednesday it supported the development of a digital services tax regime being discussed by the Organisation for Economic Co-operation and Development (OECD) to bridge a divide between the United States and Europe. The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring […]

Skechers (SKX.N) has opened a new flagship store in Paris, on the city’s well-known Rue de Rivoli, near the Louvre and other major tourist sites, the U.S. trainers and shoes company said on Wednesday. The French capital’s retail sector has been hit hard by the effects of the COVID-19 pandemic. “Skechers has built a solid […]

Crude prices rose more than 2% on Wednesday after government data showed U.S. oil inventories fell across the board, bolstering hopes that fuel demand in the world’s biggest economy will withstand the coronavirus pandemic. Brent crude LCOc1 settled up 93 cents, or 2.1%, at $45.43 a barrel. West Texas Intermediate CLc1 oil ended $1.06, or […]