Category: Business

Nike Inc NKE.N said on Friday it would raise its quarterly dividend by 12%, or 3 cents per share, underscoring the financial strength of the world’s largest sportswear maker in the midst of the COVID-19 pandemic. Nike in September said it expects sales in the second half of its fiscal year ending May 2021 to […]

China’s securities regulator said on Friday it looked forward to holding discussions with its U.S. counterparts as soon as possible on “specific plans” to conduct joint inspections of Chinese firms listed in the United States. Washington has long complained of lack of access to audit working papers for U.S.-listed Chinese companies and in August threatened […]

A pilot by online giant Amazon and two stock exchanges showed how moving share trading from costly physical servers to cloud computing could save money and reduce the potential for outages, the companies said on Friday. The Singapore Exchange SGX, London-based Aquis Exchange and Amazon Web Services said they undertook a proof of concept to […]

Luminar Technologies, the self-driving sensor startup that is about to go public, said on Friday that it will supply laser-based lidar sensors to Intel Corp’s INTC.O Mobileye subsidiary for its test fleet of self-driving vehicles. Mobileye is one of the world’s largest suppliers of camera-based sensors used by most top automakers in their advanced driver […]

The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks said. The bloc has agreed to pay 15.50 euros ($18.34) per dose for the COVID-19 vaccine candidate being developed by Pfizer and […]

NetJets, a private jet firm owned by Warren Buffett’s Berkshire Hathaway, expects aircraft deliveries to rise by a third next year, as wealthy travelers looking to avoid commercial flights due to the COVID-19 pandemic fuel a recovery in demand. The world’s largest private jet operator, which had earlier halved its delivery target for this year […]

Airbnb CEO Brian Chesky resisted calls from his investors for years to follow the lead of other Silicon Valley unicorns and take the home rental startup public, as he pursued his dream of turning it into a one-stop shop for leisure and travel. He is now pressing ahead with a stock market debut just as […]