TGI Friday's on Saturday became the latest restaurant chain to go belly-up — and blamed its misfortunes on the COVID-19 pandemic and the company's "capital structure."In a statement, TGI Fridays

2024-11-02

Britain's BP on Tuesday announced a sharp fall in net profit for the third quarter, with the oil and gas giant hit by weak oil trading and refining margins.Profit after taxation slumped to $206 millio

2024-10-29

Indonesia has blocked the sale of Apple's iPhone 16 in the country after the tech giant allegedly failed to comply with certain investment requirements.The iPhone 16, which was launched in September,

2024-10-28

Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.Workers' repres

2024-10-28

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.Markets reacted negatively to the annou

2024-10-28

Boeing is reportedly set to launch a plan, which will help the company raise more than $15 billion to compensate for its losses from the strike, according to a source familiar with the matter.Boeing h

2024-10-28

Online ride-hailing company Lyft has agreed to pay $2.1 million to settle allegations it used false advertising to deal with a shortage of drivers when the COVID-19 pandemic began to ease.The Federal

2024-10-27

Goldfish are out and trendy Chilean Sea Bass are in.The popular salty and crunchy snack is undergoing a temporary name change in an attempt to appeal to Millennial and Gen-Z adults."We know the love f

2024-10-24

British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting.Profit

2024-10-24

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.The iPhone make

2024-10-22

The Walt Disney Co. plans to name a successor to CEO Bob Eiger early next year, the entertainment giant's newly named chairman said Monday.In a prepared statement, Disney said its board of directors h

2024-10-21

The Chinese company that owns TikTok confirmed that it fired an intern who sabotaged an artificial intelligence project but downplayed the cost and extent of the damage.In a statement posted Saturday

2024-10-21