Business

Shortly after taking over Unilever, Polman met with investors in London and withdrew guidance to security analysts and quarterly earnings, telling them, “My job is not to serve shareholders, but to serve consumers and our customers.” Of course, he believes that in doing so, Unilever will indeed serve its shareholders better over the long-term. Unilever’s
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The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
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Privacy activist Max Schrems has wasted no time making use of Europe’s new data protection law to target the giants of Silicon Valley. The Austrian lawyer’s non-profit organization NOYB filed complaints against Google, Facebook and Facebook-owned services WhatsApp and Instagram on Friday. The complaints could result in penalties worth up to 7 billion euros ($8.1
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Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important parliamentary appearance since his State
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Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
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United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar
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Check out the companies making headlines before the bell: Best Buy – The electronics retailer earned an adjusted 82 cents per share for the first quarter, 8 cents a share above estimates, with revenue also exceeding forecasts. Best Buy reported a comparable store sales increase of 7.1 percent, well above the consensus Thomson Reuters forecast
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When it comes to business advice, there are few people better placed to bestow their wisdom than Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba. Good job, then, that he set up a university to share tips on the meteoric rise of one of the group’s leading companies, Taobao. Situated in Hangzhou, China,
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John Thys | AFP | Getty Images Facebook CEO Mark Zuckerberg arrives at the European Parliament on May 22, 2018. Facebook Chief Executive Mark Zuckerberg’s meeting with European lawmakers in Brussels on Tuesday has been criticized by political representatives for being too short and providing “no answers.” Zuckerberg’s appearance in the European Parliament was facilitated
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BP has invested $20 million in Israel’s StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes. The oil giant said Tuesday that its venture capital arm BP Ventures was investing in the Tel Aviv-based firm as it looks to reduce greenhouse gas emissions in its operations. “Ultra-fast charging is at
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