Tour operator TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing’s 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.
Wall Street’s main indexes were set to open higher on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive note.
Global shares rose on Friday amid optimism over trade talks between the United States and China and were headed for their best quarterly performance since 2012, while bond yields rose after worries about growth led to a prolonged decline.
Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands being sold by U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday.
AstraZeneca Plc will pay up to $6.9 billion to work with Daiichi Sankyo Co Ltd on a hotly-tipped experimental treatment for breast cancer, in a direct challenge to the world’s biggest cancer drug maker Roche.
Lyft Inc has been challenging larger ride-hailing rival Uber Technologies Inc for years by cultivating an image of caring more for its drivers, riders and the environment. As the company debuts in the stock market on Friday, it hopes to convince investors the “nice guy” image will pay off.
U.S. stock index futures rose on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive note and investors awaited inflation data.
Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore confidence in its best-selling model after two fatal crashes that have grounded the planes worldwide.
BP Chief Executive Officer Bob Dudley’s 2018 remuneration slipped to $14.7 million from a year earlier, as the oil and gas company’s profits doubled to a five-year high.
Fashion retailer H&M reported a much smaller than expected fall in quarterly profit on Friday as it sold more products at full price and margins held up, in a first sign that its turnaround strategy is producing results.
Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said.
TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing’s 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.
Jet Airways’ investors are cheering this week’s government-led rescue deal, but the cash-strapped Indian airline’s future looks mired in uncertainty as convincing a new investor to come on board may not be easy.
Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.
Generous salary and juicy bonus? Check. Client meetings at private members’ club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
