Bloomberg Mattel Inc. soared as much as 30 percent, the biggest intraday gain on record after the toymaker’s quarterly results blew past estimates, and posted its first earnings beat in three years. Analysts applauded the Barbie- and Hot Wheels-driven sales strength and believe that, together with the gross margin and earnings beat, shares should move higher. And, while highlighting global ...

Bloomberg Saudi Arabia’s King Salman has approved a plan to ease levies businesses pay on foreign workers to help revive economic growth. Authorities will exempt some companies from paying the 2018 fees or reimburse those that have already paid, according to the official-Saudi Press Agency. To qualify for the aid, businesses need to have made strides in hiring more Saudi ...

DUBAI / WAM Baker Hughes, a GE Company (BHGE) announced an agreement with Emirates National Oil Company (Enoc), to co-develop VitalyX, a real-time lubricant monitoring system, which can be deployed in multiple industries using large machinery, and advanced cloud-based system to detect and meas- ure key lubricant properties while simultaneously converting data into actionable insights. Enoc, which will not only ...