Home / Business (page 4)

Business

Corona brewer Constellation Brands' CEO Rob Sands to step down

(Reuters) – Corona beer maker Constellation Brands (STZ.N) said on Wednesday its Chief Executive Officer Rob Sands will step down in March and be replaced by the company’s President Bill Newlands. Corona beers are pictured at a BevMo! store ahead of Constellation Brands Inc company results in Pasadena, California U.S., …

Read More »

Pfizer to cut around 2 percent of jobs through early next year

NEW YORK (Reuters) – U.S. drugmaker Pfizer Inc (PFE.N) plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate structure and eliminate some managerial roles and responsibilities. The logo of U.S. pharmaceutical …

Read More »

U.S. removes 'systemic' oversight from Prudential Financial

WASHINGTON (Reuters) – A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve. A security guard is silhouetted in front a Prudential office in London March 1, 2010. Britain’s Prudential …

Read More »

Sprint sells mobile advertising unit to InMobi

(Reuters) – Sprint Corp (S.N) has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday. The Sprint logo is displayed on a a screen on the floor of the New York Stock …

Read More »

Trump administration says to open trade talks with EU, UK, Japan

WASHINGTON (Reuters) – The U.S. Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan. FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks during a meeting hosted by U.S. President Donald Trump with governors and members of Congress …

Read More »

Uber IPO proposals value company at $120 billion: WSJ

(Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. The proposed valuation of the company is about $50 billion …

Read More »