Business & Finance News
U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service.
Norwegian Air’s turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade.
Goldman Sachs plans to expand its retail brand Marcus in Britain this year with more than 65 new staff, a mobile app and more savings products, as part of the group’s global shift towards consumer banking.
Wall Street’s main indexes were set to hit record highs at the open on Thursday as China’s plan to chop additional tariffs on some American goods by 50% helped ease fears over the financial fallout of the coronavirus epidemic.
China is preparing to halve the extra tariffs on U.S goods that went into effect last September, including on crude oil, soybeans, pork and beef.
Yum Brands Inc reported quarterly same-store sales and profit that missed market expectations on Thursday, as sales at its Pizza Hut chain in the United States were hurt by stiff competition.
Oil futures gave up early gains on Thursday despite potential action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak.
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France’s PSA .
Twitter Inc pulled in $1 billion in quarterly revenue for the first time, beating expectations as efforts to make its platform more user-friendly brought in more people.
U.S. stock index futures rose on Thursday as China’s plan to halve additional tariffs on some American goods helped allay fears over the financial fallout of the coronavirus epidemic.
Stock markets across the world rose on Thursday, buoyed by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods that emboldened bets that the global economy would avoid long-term damage from the coronavirus.
Exxon Mobil Corp and the Papua New Guinea government must return to the negotiating table so that a $13 billion expansion of gas production can proceed, the head of French oil major Total , a partner in the plan, said on Thursday.
Deutsche Bank on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany’s largest bank which has been hit by losses and misconduct scandals.
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers.
Prominent Swiss investment adviser Ethos Foundation has called on Credit Suisse Chairman Urs Rohner to step down in a boardroom battle with Chief Executive Tidjane Thiam sparked by a scandal over the Swiss bank’s spying on executives.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
