Business News

Investment bank Lazard has axed about 200 employees after a review of its business, Chief Financial Officer Evan Russo said on Thursday.

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World stocks edged to their highest in over 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold back from further reductions, sending bond yields and the dollar down.

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Cigna Corp raised its full-year earnings target on Thursday, after reporting a better-than-expected quarterly profit boosted by its acquisition of pharmacy benefits manager Express Scripts last year.

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Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country’s energy sector.

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British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems’ purchase of Bombardier’s plant in Belfast as great news for workers and a welcome investment in the United Kingdom.

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A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday.

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Estee Lauder Cos Inc cut its forecast for full-year profit on Thursday, citing an array of political and economic risks including ongoing protests in Hong Kong, Brexit and slowing growth in China.

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Intercontinental Exchange Inc , which owns the New York Stock Exchange, beat analysts’ estimates for third-quarter profit on Thursday, buoyed by strength in its trading and clearing business and data services unit.

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U.S. stock index futures fell on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook.

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Apple Inc managed to largely stem a fall in China revenue in the September quarter thanks to the release-timing of the iPhone 11, a cheaper variant, and a bit of good luck, but analysts said the company’s good fortunes might be shortlived.

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Canada’s Bombardier said on Thursday it had agreed to sell its aerostructures business to Spirit AeroSystems for more than $1 billion in cash and debt.

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Canadian oil and gas producer Encana Corp said on Thursday it will redomicile to the U.S. and change its name to Ovintiv Inc.

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Thomson Reuters Corp , parent of the Reuters News agency, reported higher-than-expected quarterly operating profit on Thursday and affirmed its 2019 and 2020 estimates.

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A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday.

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SNC-Lavalin Group Inc said on Thursday it named interim head Ian Edwards as its chief executive officer.

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