Kraft Heinz's new CEO looks beyond cost-cutting, big M&A

Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015.

Posted on 22 April 2019 | 8:09 pm

Facebook hires State Department lawyer as general counsel

Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns.

Posted on 22 April 2019 | 7:47 pm

Barclays to cut investment bankers' bonuses: FT

Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defense against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.

Posted on 22 April 2019 | 7:24 pm

Tesla says robotaxis coming to U.S. roads next year, slams rivals' use of Lidar

Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines.

Posted on 22 April 2019 | 7:07 pm

Elon Musk on Tesla's self-driving capabilities

Tesla Inc revealed its self-driving plans during an investor day on Monday, with Chief Executive Elon Musk predicting the launch of an autonomous robotaxi service next year in some U.S. markets.

Posted on 22 April 2019 | 6:47 pm

Samsung delays Galaxy Fold phone launch over screen problems

Samsung Electronics Co Ltd said on Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers discovered problems with the display, a hit to the reputation of the world's largest handset maker.

Posted on 22 April 2019 | 6:30 pm

T-Mobile, Sprint lobby regulators to win U.S. approval for tie-up

Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to "aggressively lower prices."

Posted on 22 April 2019 | 6:30 pm

Wall Street near flat in quiet session ahead of earnings wave

U.S. stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.

Posted on 22 April 2019 | 6:00 pm

Halliburton sees signs of price recovery, shares dip

Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.

Posted on 22 April 2019 | 5:57 pm

Cain withdraws from Fed consideration, citing lower pay, influence

Herman Cain, facing resistance from his own political party as U.S. President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay.

Posted on 22 April 2019 | 5:32 pm