Category: Business

Oil prices climbed more than 2% on Friday, hitting the highest levels in more than a year on hopes a U.S. stimulus will boost the economy and fuel demand, as supplies tighten due largely to output cuts by top producing countries. Brent crude settled up $1.29, or 2.1%, at $62.43 a barrel by 1:32 p.m. […]

The Bombay Stock Exchange (BSE) on Friday ended flat while the National Stock Exchange (NSE) closed in the red. The indices on Monday, February 15 are expected to open on a higher note as the SGX Nifty was trading 74.50 points or 0.49 percent up at 15,232.50 at 7:00 am. On February 12, the BSE […]

Nureca Ltd will open the initial public offering (IPO) for subscription on Monday, February 15 and the issue will close on February 17. It will be the sixth public offering of the year 2021 after Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India REIT. The company had received […]

Bumble Inc Chief Executive Officer Whitney Wolfe Herd’s stake in the women-centric dating app operator was worth nearly $2 billion, as shares rallied for a second straight day after a blockbuster debut on Thursday. Bumble, backed by Blackstone Group Inc, was valued at $15.69 billion on Friday, with its stock price nearly doubling from the […]

When McDonald’s Corp rolls out its new crispy chicken sandwich line on Feb. 24, it will swap out a higher-priced premium chicken sandwich from its menu. McDonald’s three new sandwiches – all with a larger fillet and new potato bun – will start at $3.49 and top out at roughly $4.69, depending on the region, […]

Facebook Inc is building a smartwatch that will let users send messages and also offer health and fitness features. The social media giant plans to start selling the device next year, according to the report, a move that would mark its entry into a market currently dominated by Apple Inc and Huawei. Facebook’s smartwatch will […]

Bank of America Corp Chief Executive Officer Brian Moynihan’s annual pay fell by about $2 million, or 7.5%, in 2020, a regulatory filing showed on Friday. Moynihan will receive $24.5 million for his work during the year, compared with $26.5 million in 2019, the bank said. His base salary was held flat at $1.5 million […]