Category: Business

AT&T Inc T.N is considering offering wireless phone plans partially subsidized by advertising as soon as a year from now, Chief Executive John Stankey said in an interview on Tuesday. The consideration, which has not been previously disclosed, underscores AT&T’s commitment to the advertising business as the U.S. phone carrier reviews its portfolio to identify […]

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank’s two-day meeting got under way. But the market was off its session highs as Apple Inc’s shares AAPL.O erased most of their gains from early in the day. The stock ended flat after […]

Thomas Cook re-emerged as an online-only travel company on Wednesday, backed by its Chinese owners, a year after the high-profile collapse of the British company left thousands stranded, out of work and out of pocket. China-based Fosun Tourism Group 1992.HK, which was the biggest shareholder in the original Thomas Cook and also owns Club Med, […]

U.S. delivery firm FedEx Corp FDX.N reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments. Shares in the Memphis-based company jumped 7.6% to $254.66 in extended trading. Average daily package volume for FedEx Ground, which handles e-commerce […]

JPMorgan Chase & Co JPM.N is adding six new members to its operating committee, Chief Executive Officer Jamie Dimon said on Tuesday in a memo that was seen by Reuters. The new members include Thasunda Brown Duckett, chief executive of consumer banking at the U.S. bank, Troy Rohrbaugh, who heads global markets and Teresa Heitsenrether, […]

Apple Inc AAPL.O rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple’s growth strategy and that cater to customers working at home during the COVID-19 pandemic. Apple also introduced a new Apple Watch Series 6 […]

Alphabet Inc’s Google faced a bipartisan buzzsaw of tough questions about its ad business in a hearing on Tuesday, with a particular focus on whether it misused its dominance in online advertising to drive profits. Senator Mike Lee, a Republican and chair of the U.S. Senate Judiciary Committee’s antitrust panel, pressed Google’s Don Harrison, who […]