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Verizon Communications Inc.’s new chief executive is restructuring the carrier’s business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Hans Vestberg is reorganizing...
KOLKATA | MUMBAI: Tata Sons will bankroll most of the Rs 10,000 crore that its Tata Teleservices (TTSL) unit owes to the government, even though Bharti Airtel, which is buying TTSL’s mobility business, has formally assumed the responsibility to...
NEW DELHI: This has been a tough year for corporates to excel in, with headwinds from a variety of sources — from global oil markets to Supreme Court judgements that impact business strategies. So, the Economic Times Awards for...
Daniel Loeb’s Third Point LLC backed off a bid to replace Campbell Soup ...
When Steve Jobs took a swipe at Amazon.com Inc.’s Kindle in 2009, he pointed to the online retailer’s decision not to report unit sales of its reading device as evidence it wasn’t selling many....
Iran’s leaders lashed out at Washington on Monday as the Trump administration raised economic sanctions to their maximum level, saying the latest punitive actions called for countermeasures to pressure the U.S. in return. The...
BEIJING—Chinese e-commerce giant Alibaba Group Holding Ltd. cut its full-year revenue forecast by 4% to 6%, citing growing doubts about the economy as China’s expansion recently slowed to its weakest pace in nearly a...
WASHINGTON—The U.S. government ran a $100 billion deficit last month, compared with a $63 billion budget gap in October 2017, as spending growth outpaced revenue growth, the U.S. Treasury said Tuesday. The Treasury Department...
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