Category: Business

U.S. consumer sentiment unexpectedly fell in early November due to the outcome of the presidential election and a resurgence in COVID-19 infections and deaths, weighing on the economic outlook, the University of Michigan said on Friday. The University of Michigan’s consumer sentiment index dropped to 77 early this month from a final reading of 81.8 […]

Alphabet GOOGL.O CEO Sundar Pichai has apologised to Europe’s industry chief Thierry Breton over a leaked internal document proposing tactics to counter the EU’s tough new rules on internet companies and lobby against the EU commissioner. Pichai and Breton exchanged views in a video-conference call late on Thursday, the third this year, according to a […]

Ousted Nissan Motor Co 7201.T chairman Carlos Ghosn’s legal woes deepened on Friday with the start of a civil trial in Yokohama, Japan, where his former employer is seeking 10 billion yen ($95 million) in damages. “The legal actions initiated today form part of Nissan’s policy of holding Ghosn accountable for the harm and financial […]

Ford Motor Co F.N has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker’s top executive said on Friday. “We are discussing (battery) cell manufacturing,” Ford’s Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. “I think […]

A long period of underperformance for value stocks has frustrated Mike Mullaney, whose firm’s investing style is “all value, all the time.” One low point came when Mullaney noticed competing funds in the value space buying up big technology and other momentum stocks – regarded as the antithesis of value – to juice their performance. […]

U.S. consumer sentiment fell unexpectedly in early November as households worried about their finances, the resurgent COVID-19 pandemic and the depleted fiscal stimulus, dimming the economy’s outlook as the curtain started to close on a challenging year. The survey from the University of Michigan on Friday also showed Democrat Joe Biden’s victory in the Nov. […]

Comcast Corp CMCSA.O said on Friday its corporate venture capital firm, Comcast Ventures, will become a part of its strategic business development team at its cable segment. “We are aligning our approach to venture investing more closely with our business units and repositioning Comcast Ventures and its fund under the strategic business development team at […]