More Top Stories in Business

Amazon boss becomes world's third richest

Strong earnings from Amazon and a boost to the company's stock have made its founder, Jeff Bezos, the world's third richest person, according to Forbes. Mr Bezos owns 18% of Amazon's shares, which rose 2% in trading on Thursday. Forbes estimated his fortune to be $65.3bn (£49.6bn). Amazon's revenue ...

BBC · 2 hours ago

BOJ Eases Policy by Doubling ETF Buying, Underwhelms Expectations

The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures.

New York Times · 1 hour ago

Google parent Alphabet gains after earnings beat

Alphabet (NASDAQ: GOOGL) on Thursday reported quarterly earnings that beat analysts' expectations. The parent company of Google posted earnings of $8.42 a share on $21.5 billion in revenue. Quarterly sales rose 21 percent year over year. Wall Street expected the company to report earnings of $8.04 a ...

Yahoo! Finance · 4 hours ago

UBS Profit Falls But Beats Forecasts

ZURICH—UBS Group AG said Friday that its second-quarter net profit fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs in the same period last year, as the world's biggest wealth manager continues to contend with turbulent markets. Analysts had expected net profit of 636 ...

Morningstar.com · 1 hour ago

Oil prices remain near April lows on ongoing oversupply

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. Picture taken January 25, 2016. REUTERS/Sergei Karpukhin More By Henning Gloystein SINGAPORE (Reuters) - Oil prices on Friday remained around ...

Yahoo! Finance · 5 hours ago

AB InBev cuts Brazil outlook as homes in on SABMiller

BRUSSELS (Reuters) - Anheuser-Busch InBev , the world's largest brewer, cut its guidance for growth this year in Brazil due to the struggling economy on Friday and said it aimed to seal the purchase of nearest rival SABMiller this year. The maker of Budweiser, Stella Artois and Corona raised its ...

Yahoo! Finance · 2 hours ago

Microsoft to Cut Thousands of Jobs

Microsoft is cutting more jobs. The business technology giant said in a regulatory filing on Thursday that it plans to lay off an additional 2,850 workers to the previously announced 1,850 jobs it said it would slash in May. In total, Microsoft will cut 4,700 jobs worldwide by the end of the ...

Fortune · 6 hours ago

Rupee inches up 6 paise against dollar in early trade

MUMBAI: Extending its earlier gains, the rupee edged higher by another 6 paise to trade at 66.98 against the dollar in early trade on Friday on sustained selling of the American currency by exporters. Besides, persistent foreign capital inflows and weakness of the dollar against other currencies ...

Times of India · 2 hours ago

Baidu profit falls 34% in Q2 after ads scandal

Chinese Internet giant Baidu's second-quarter profits plunged 34 percent, it reported, as a scandal over its policies for displaying paid ads cut into customer growth. In May, Baidu was summoned by regulators and lashed by Chinese media over the death of a student whose family used the search engine ...

Yahoo! Finance · 3 hours ago

China's Fosun to buy Indian drugmaker for $1.26 bn

The pharmaceutical arm of Chinese conglomerate Fosun plans to buy a majority stake in India's Gland Pharma Ltd. for as much as $1.26 billion, in what is being touted as the biggest Indian acquisition by a Chinese company. Hong Kong-listed Shanghai Fosun Pharmaceutical Group will take an 86.08 ...

Yahoo! Finance · 2 hours ago