Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28120
Posts / Week:94.5
Archived Since:June 8, 2011

Blog Post Archive

Are Trump's in-laws buying into baseball?

New York - The Kushner family, relatives by marriage to President Donald Trump, is in talks to buy the Miami Marlins from art dealer Jeffrey Loria, according to people familiar with the discussions. The people asked for anonymity because the talks are private. Marlins spokesman P.J. Show More Summary

Tequilla billionaires reap windfall

Mexico City - Juan Francisco Beckmann Vidal and Juan Domingo Beckmann - the heirs to the family that controls tequila giant Jose Cuervo - saw their net worth soar a day after the company carried out Mexico’s biggest IPO in more thanShow More Summary

Renault profit surges 38% on SUVs

Helsinki – Renault’s profit surged 38 percent in 2016 after the French carmaker gained market share in Europe with an expanded lineup of sport utility vehicles and upgraded models like the Megane hatchback. Operating profit increased...Show More Summary

Sydney braces for blackouts

Melbourne - Australians in Sydney face power outages on Friday as an extreme heatwave moves from the desert interior to the country's most populated city, with demand straining power supplies. The anticipated outages, as authoritiesShow More Summary

Disney ups stake in Paris park

Helsinki - Walt Disney boosted its holding in its loss-making Paris theme park to 85.7 percent by acquiring a stake from Saudi Prince Alwaleed Bin Talal, and offered to acquire the rest as it seeks to revive the resort’s popularity. Disney...Show More Summary

Celebrity megaphone fails to lure

New York — Many people have heard of Twitter. Not enough of them are signing up to use it. Twitter's role as a megaphone for the US president, countless celebrities and businesses hasn't attracted regular people to the service — notShow More Summary

Nokia spends $370m to add to network software

Helsinki - Nokia Oyj agreed to buy Comptel for 347 million euros ($370 million) to add technology that helps phone carriers manage their networks, part of a push into software and services as network-gear sales sputter. Comptel shareholders will get 3.04 euros a share in cash, Espoo, Finland-based Nokia said in a statement Thursday. Show More Summary

ArcelorMittal profits up 20%

London - ArcelorMittal, the world’s largest steelmaker, reported a 20 percent increase in annual profit on rising steel and iron ore prices, and forecast higher demand this year. The company decided not to reinstate its dividend and stopped...Show More Summary

Coca-Cola trying to slim down business

New York — Coke is trying to slim down its business, not just its sodas. The Atlanta-based company said its profit fell 55 percent as global sales volume dipped and it booked charges related to getting out of the manufacturing and distribution of its drinks. Coca-Cola Co. Show More Summary

China January exports rise 7.9%

Beijing - China's January exports easily exceeded analysts' expectations, rising 7.9 percent from a year earlier, while imports rose by 16.7 percent, also topping forecasts, preliminary data showed on Friday. That left the country with a trade surplus of $51.35 billion for the month, the General Administration of Customs said. Show More Summary

Profit surge a boost for Total

Paris - Total raised its dividend 1.6 percent and said it may give the go-ahead for almost a dozen new projects in the next 18 months after fourth-quarter profit beat analysts’ estimates. “We’re going to propose to increase the dividend...Show More Summary

Man Utd meets full-year target

London - English soccer club Manchester United said it was on course to meet its full-year financial targets as it posted an 18 percent rise in second-quarter revenue, despite its absence from the lucrative Champions League. United,Show More Summary

May still has a long way to go before Brexit finale

London - Theresa May’s latest Brexit victory should leave her happy - but might ultimately come at a price. Late on Wednesday, the prime minister persuaded the House of Commons to back her original 137-word draft law to start the withdrawal...Show More Summary

Beware of Trump wrath via Twitter

Washington - President Donald Trump is injecting himself into the daily business of US companies to an unprecedented extent, spurring investors and executives to weigh their exposure to his wrath when making decisions. The latest was...Show More Summary

Tiffany abruptly drops CEO

New York - Tiffany & Co abruptly replaced CEO Frederic Cumenal after disappointing financial results, just before the jewellery chain is set to launch a new campaign with he first Super Bowl ad in its history. Cumenal, 57, who had run...Show More Summary

Apple to Zynga file legal brief against immigration order

San Francisco - Ninety-seven companies, from Apple to Zynga, filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus...Show More Summary

Brexit already having a negative effect in UK

London - Brexit has already damaged businesses even before Prime Minister Theresa May triggers he start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies. More than half - 58 percent...Show More Summary

Barclays overhaul worries bank staff

London - Barclays is about to overhaul its back office operations under a restructuring to help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from their riskier business. It has formed...Show More Summary

From a barbecue chicken seller to a tycoon

Manila - It’s been a fast ascent for college dropout Edgar “Injap” Sia, who less than a decade ago was selling barbecue chicken in the Philippines. He now leads the real estate developer with the best stock gains in Asia. His company,...Show More Summary

PICS: The $400 000 Super Bowl splash

New York - Oh, you think sitting at the 50-yard line is the most extravagant thing you can do on Super Bowl weekend? Try hobnobbing with celebrities and supermodels, chowing down a porterhouse and washing it down with a magnum of Château...Show More Summary

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