Business & Finance News
Anglo-German tour operator TUI said it has no intention of scaling back orders for Boeing’s 737 MAX planes after two fatal crashes, and expects them to be flying again by mid-July based on feedback from the U.S. planemaker and EU regulator.
Wall Street’s main indexes rose on Friday, with the S&P 500 set to post its best quarterly performance in nine and a half years, on renewed trade optimism as the latest round of U.S.-China talks ended on a positive note.
Proxy advisory firm Institutional Shareholder Services on Friday recommended that shareholders of drugmaker Bristol-Myers Squibb Co vote in favor of its proposed $74 billion takeover of rival Celgene Corp.
Daimler Trucks has agreed to buy a majority stake in self-driving truck software maker Torc Robotics as part of a broader push to develop autonomous vehicles.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
U.S. stocks opened higher on Friday, led by gains in technology stocks, as the latest round of U.S.-China trade negotiations ended on a positive note.
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.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
