Abu Dhabi said it would review the strategy of Etihad Aviation Group and announced the departure of its architect, Chief Executive James Hogan, the latest sign weak oil prices are exposed state-owned Middle East carriers to belt tightening.
President Donald Trump’s tweets put Big Three car makers on the defensive about their commitment to U.S. jobs and investment. Their response shows the extent to which companies are factoring his criticism into decisions.
Royal Philips returned to a net profit in the fourth quarter as the Dutch health-technology and consumer-products maker reported a pickup in sales but said it sees “elevated uncertainty” in its markets.
Yahoo, subject of two huge data breaches that have cast a shadow over its deal with Verizon Communications Inc., pushed back its expected closing date for the transaction, citing “work required to meet closing conditions.”
President Trump formally pulled the U.S. out of the Trans-Pacific Partnership, the 12-nation trade agreement negotiated by Barack Obama and championed by businesses but that fell out of favor in both political parties.
A saturated wireless market has hindered giants Verizon Communications and AT&T even as competition from smaller rivals exerts a drag on subscriber and revenue growth. The carriers’ earnings reports this week are unlikely to offer much encouragement.