Business & Finance News
General Electric Co said on Thursday that it had discovered a problem with a turbine blade at an electrical power plant in Texas owned by Exelon Corp .
U.S. stock index futures pointed to a higher opening on Thursday, extending a bounce since the latest blows in the U.S.-China trade spat this week on the back of a recovery for technology stocks.
General Electric Co has identified an “oxidation issue” that affects the lifespan of its new, larger H-class gas turbines, GE Power Chief Executive Russell Stokes said in a blog post on the company’s LinkedIn page.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices.
Sportswear maker Under Armour Inc will cut about 400 jobs, or 3 percent of its global workforce, as part of efforts to cut costs in its struggle to compete with Nike and Germany’s Adidas in North America.
A bounce in world stocks on relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than feared continued on Thursday, although investors remained wary about the next steps in the US-Sino trade war.
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices.
A nearly two-year battle to take over UK-based broadcaster Sky could finally be settled in a quick auction this weekend, Britain’s Takeover Panel said on Thursday.
Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia.
Nestle put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and fends off criticism from an activist investor demanding an overhaul.
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox could be settled by a quick-fire auction on Saturday, UK regulators said on Thursday.
Facebook and Twitter face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to their crackdown on U.S. social media giants over privacy concerns.
Jean-Claude Biver is dropping his operational responsibilities as the head of LVMH’s watch division, he told Reuters over the phone on Thursday, confirming media reports.
Scooter- and bike-rental startup Lime is expanding to dozens more cities this year, its CEO said, leveraging the hundreds of millions of dollars in funding it has raised in an effort to dominate the North American and European markets.
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