Coca-Cola said Thursday it named company veteran James Quincey as president and chief operating officer, creating a new No. 2 position in its chain of command. The world’s largest beverage company says …
Analysts have cut their price targets for Alibaba Group Holding Ltd shares after the stock fell to a post-flotation low on Wednesday on weak earnings and concerns over China’s economy. Alibaba’s shares are now at $73.38, hovering just above their initial public offering price of $68. The average target price fell from $106.82 on Tuesday to $99.09 on Thursday, according to a Thomson Reuters survey of 46 analysts.
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The $60 billion of oil-industry spending cuts this year won’t be enough as crude languishes near a six-year low. The world’s biggest producers will need to trim investments by a further $26 billion to meet sacrosanct dividend payments.
China tried Thursday to ease fears of more big declines for the yuan as companies from global automakers to Chinese clothing exporters faced a new era of uncertain exchange rates. There is “no basis …
Americans bought more cars, restaurant meals and building supplies in July, as the spending points to steady economic growth anchored by the improving job market. The Commerce Department said Thursday …
Justin Jedlica’s nickname has become his trademark. However, the 35-year-old can’t and won’t take credit for being known as the Human Ken Doll. “That was something that…
Pretty Little Liars fans, you might want to go back and watch a season four episode. Why? Because it actually gives away A’s identity! While one of TV’s most infamous tormentors…
Glamorous is an understatement. E!’s new reality series WAGS, which stands for Wives and Girlfriends of Sports Stars, focuses on an elite group of sexy ladies who…
When it comes to food, Salma Hayek knows no boundaries. The Frida actress stopped by Watch What Happens Live Wednesday alongside Craig Robinson and proved that she’ll eat just about…