Business

US Congress reportedly lobbied AT&T to dump Huawei smartphones

US Congress reportedly lobbied AT&T to dump Huawei smartphones

Earlier this month, AT&T was forced to scrap a plan to offer its customers Huawei handsets after some members of Congress reportedly lobbied against the idea with federal regulators. "Another is the use of Huawei handsets by AT&T's discount subsidiary Cricket". AT&T declined comment, but did say it had made no final decision on its suppliers for 5G.


BP takes US$1.7 billion post-tax non-operating charge

BP takes US$1.7 billion post-tax non-operating charge

The charge concerns a class action suit by businesses affected economically by the spill. In 2012, BP agreed to a $7.8bn medical settlement that would compensate victims up to $60,700 per person and allowed people to file further claims if they developed serious health problems.


Citigroup reports steep fourth quarter losses tied to USA tax reform

Citigroup reports steep fourth quarter losses tied to USA tax reform

Analysts expect Citigroup to benefit less than other banks as the New York-based bank earns about half of its profits overseas, where corporate tax rates are mostly lower than the United States. tax reform enacted in December, and to repatriation of foreign earnings. The bank is facing questions from investors who want to know when that will start paying off.


Premier Foods serves up Christmas sales rise

Premier Foods serves up Christmas sales rise

The performance of Sweet Treats reflected that of the overall Premier Foods business, with non-branded sales out-performing the company's brands. Analysts at Société Générale noted that nearly all the growth came from non-branded sales. Premier has been working with Nissin since 2016, when it rejected a £537m takeover bid from the USA company McCormick, choosing instead to form a strategic alliance with the Japanese giant.


Ramdev's Patanjali announces partnership with Amazon, Flipkart and other e

Ramdev's Patanjali announces partnership with Amazon, Flipkart and other e

The company's CEO and Managing Director Balkrishna said that nowadays people are giving priority to online shopping and this is a good option for such people. To cater to the export demand, the company has initiated a "100 per cent export oriented unit" in Mihan SEZ (special economic zone), Nagpur (Maharashtra), Ramdev said.


United Asset Strategies Inc. Buys 169 Shares of Amazon.com, Inc

United Asset Strategies Inc. Buys 169 Shares of Amazon.com, Inc

Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since January 16, 2017 and is uptrending. It has underperformed by 25.94% the S&P500. Parsons Capital Management Inc increased its stake in Amazon Com Inc ( AMZN ) by 3.21% based on its latest 2017Q3 regulatory filing with the SEC.