Business

Alphabet Inc's Google Cloud unit is poised for a surge in fourth-quarter sales from U.S. retailers, as they brace for record online shopping during the holidays because of COVID-19 lockdowns.

U.S. private equity firm KKR & Co Inc said on Tuesday that its second-quarter distributable earnings were flat year-on-year, beating many analysts' expectations amid a rise in management and performance fees.

SoftBank Group Corp's domestic wireless unit raised its free cash flow 50% in its first quarter, part of a broader effort to stabilise the group and help it weather the coronavirus outbreak.

Grocery shelves won't be fully stocked with Clorox's disinfecting wipes until next year, CEO Benno Dorer told Reuters on Monday, as the world's biggest cleaning products maker struggles with overwhelming pandemic-led demand for its top product.

German drugs and pesticides group Bayer slumped to a 9.5 billion euro ($11.2 billion) net loss in the second quarter, mainly reflecting charges to settle disputes inherited with its $63 billion takeover of Monsanto.

As U.S. lawmakers plot to stop one of Moscow's most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details of their work, according to government filings and current and former U.S. officials.