IAG , the parent of British Airways and Spain’s Iberia, announced a 1 billion euro ($1.12 billion) takeover of Spain’s Air Europa to boost its presence on routes to Latin America and the Caribbean.
Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter.
Strong sales of Ferrari’s Portofino and 812 Superfast models helped the Italian luxury carmaker raise its 2019 forecasts on Monday, powering its shares to a record high.
Under Armour Inc on Monday cut its forecast for annual revenue for a second straight time, adding to its troubles after the sportswear maker disclosed a federal probe related to its accounting practices.
Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.
Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter. The new digital service will be named the Citi Miles Ahead savings account and will only be available in areas where the bank does not have physical branches, according to the report. Citigroup and American Airlines were not immediately available for comment. …read more […]
India has decided not to sign the Regional Comprehensive Economic Partnership due to differences over tariffs, its trade deficit with other countries and non-tariff related barriers, Prime Minister Narendra Modi was quoted as saying on Monday.
Fifteen Asia-Pacific countries have concluded negotiations for a trade pact that would be among the world’s largest, but India still has “significant outstanding issues” before it is ready to sign on, the countries’ leaders said on Monday.
Sprint Corp on Monday reported a lower-than-expected drop in quarterly mobile phone subscribers who pay a monthly bill as it ramps up its 5G coverage in the United States.
Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.
Analysts were expecting a net loss of 145,000 subscribers, according to research firm FactSet. Sprint, the fourth largest wireless carrier by subscribers, has been aggressive in its 5G push, offering the faster mobile technology in nine cities and bundling it with media content like Hulu and Amazom.com Inc’s Prime. Net loss attributable to the company was $274 million, or 7 cents per share, in the quarter ended Sept. 30, compared with a net income of $196 million, or 5 cents per share, a year earlier. …read more […]
Ferrari raised its full-year forecasts on Monday after strong sales of its Portofino and 812 Superfast sportscars produced “solid” third quarter results, lifting its shares.
Anyone researching Flexion Therapeutics, Inc. (NASDAQ:FLXN) might want to consider the historical volatility of the… …read more […]
In a letter to investors before its share price plunged last week, online food delivery service GrubHub Inc cited its profitable ties with small and medium-sized restaurants, saying they generate 80% of the orders on its platform.
U.S. stock index futures rose on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy that led the S&P 500 and Nasdaq to record highs last week.
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