Business

AT&T Inc beat Wall Street revenue targets as the reopening of the U.S. economy following pandemic-linked restrictions boosted smartphone sales and the media business. Shares of AT&T surged 5.3% to $31.70 in morning trading. The company said on Thursday it added 595,000 net wireless phone subscribers in the first quarter, more than double what analysts […]

U.S. home sales fell to a seven-month low in March, pulled down by an acute shortage of properties, which is boosting prices and making owning a house more expensive for some first-time buyers. Existing home sales dropped 3.7% to a seasonally adjusted annual rate of 6.01 million units last month, the lowest level since August […]

Having enjoyed several boom years before the pandemic, most hotels are well-capitalised, with state-backed funds providing the support they need to ride out the crisis – in stark contrast to Spain’s 2008-2013 downturn, which left deep economic scars and led to forced real estate sales. Tourism in Spain – the world’s second-most visited country before […]

Gold went higher by Rs 61 to Rs 46,472 per 10 gram in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 46,411 per 10 gram in the previous trade. Silver also moved up by Rs 1,776 to Rs 68,785 per kg, from Rs 67,009 per kg in […]

Biogen Inc beat estimates for quarterly profit on stronger-than-expected sales for its muscle wasting disorder drug, although concerns over its reliance on its yet-to-be approved Alzheimer’s therapy, aducanumab, weighed on shares. The drugmaker declined to provide details on talks with the U.S. FDA about the drug’s product label, which analysts said could be interpreted as […]

Airbus has defused a row over the future of a factory in southern Spain, but the Cadiz plant and its 300 jobs remain on the “critical” list in a potential setback to completion of a company-wide restructuring, industry sources said. Airbus on Wednesday cancelled long-deferred plans to sell two French and German units and announced […]

Vivendi’s first-quarter revenue grew 5% from a year earlier, the French media giant said on Thursday, driven by the prolonged strong performance of its music unit Universal and a sales jump at its publishing division. The Paris-based group, controlled by billionaire Vincent Bollore, is seeking to cash in on the music industry’s revival by listing […]