China’s Huawei says 2020 sales rose despite US sanctions
BEIJING — Chinese tech giant Huawei said today it eked out higher sales and profit last year but growth plunged after its smartphone unit was…
AP Wire
Walgreens: Fiscal Q2 earnings snapshot
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. today reported fiscal second-quarter net income of $1.03 billion. On a per-share basis, the company said it had…
China manufacturing rebounds in March amid tech, virus risks
BEIJING — China’s factory activity rebounded in March from a three-month slowdown as export orders rose, a survey showed today. A monthly index of manufacturing…
US home prices soared in January by most in seven years
WASHINGTON — U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even…
Dapper Labs, creators of NBA Top Shot, get $305M in funding
SILVER SPRING, Md. — Canadian blockchain technology company Dapper Labs has secured $305 million in private funding — some of it from current and former…
German industrial union, employers reach pay agreement
BERLIN — Germany’s biggest industrial union and employers today reached a deal that will give workers a one-time “corona bonus” and envisions an extra annual…
Canal service provider says container ship in Suez set free
SUEZ, Egypt — Salvage teams today set free a colossal container ship that has halted global trade through the Suez Canal, a canal services firm…
Houghton Mifflin shedding consumer books for $349 million
NEW YORK — Houghton Mifflin Harcourt is selling HMH Books & Media, which includes titles by J.R.R. Tolkien and the Curious George children’s series, to…
Global banks warn of possible losses from hedge fund default
BERLIN — Swiss bank Credit Suisse said today it might have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on…
China pressures brands to reject reports of Xinjiang abuses
BEIJING — China stepped up pressure today on foreign shoe and clothing brands to reject reports of abuses in Xinjiang, telling companies that are targeted…