Boeing (NYSE: BA) Appoints Aerospace Veteran Kelly Ortberg as New CEO to Lead Turnaround Efforts
On Wednesday, Boeing (NYSE: BA) named aerospace industry veteran Kelly Ortberg as its President and CEO after a months-long search, […]
Mary Lee
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Toyota Motor (NYSE: TM) to Report Higher Q1 Profits Thanks to Hybrid Vehicles
TOKYO – Demand for hybrids is likely to deliver another quarter of double-digit growth for Japan’s Toyota Motor (NYSE: TM) […]
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HSBC Holdings (NYSE: HSBC) Upgrades Income Outlook and Announces $3 Billion Share Buyback
HONG KONG/LONDON – HSBC Holdings (NYSE: HSBC) announced a $3 billion share buyback and upgraded its income outlook on Wednesday, […]
Wall Street Analysts Cautious on PayPal’s (NASDAQ: PYPL) Revival Amid Intense Market Competition
As PayPal (NASDAQ: PYPL) embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts […]
Arch Capital (NASDAQ: ACGL) Q2 Profit Rises 90% Thanks to Robust Premiums, Investment Income
Insurer Arch Capital (NASDAQ: ACGL) reported a 90% rise in second-quarter profit on Tuesday after strong demand boosted premiums and […]
Stellantis (NYSE: STLA) Launches New Voluntary Buyout Program for US Salaried Workers
DETROIT – Jeep-maker Stellantis (NYSE: STLA) said on Tuesday it is offering a new round of voluntary buyouts to its […]
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UK Antitrust Watchdog Probes Google-Parent Alphabet and Anthropic Deal
Britain’s antitrust watchdog is scrutinizing Google-parent Alphabet’s (NASDAQ: GOOG, NASDAQ: GOOGL) partnership with artificial intelligence startup Anthropic and its impact […]
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Selloff in Magnificent Seven Could Lead to Significant Drop in US Stocks, Expert Warns
NEW YORK – U.S. stocks could drop by between 10% and 13% this year, dragged down by a selloff in […]
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Tesla (NASDAQ: TSLA) Recalls 1.8 Million Vehicles in US Over Unlatched Hood Software Issue
WASHINGTON – Tesla (NASDAQ: TSLA) recalls 1.85 million vehicles in the United States due to the risk of software failure […]
US Home Insurers Suffer Century-Worst Losses in 2023
According to rating agency AM Best, U.S. home insurers suffered their worst underwriting loss this century in 2023, as a […]
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BP (NYSE: BP) Approves Sixth Production Hub in the Gulf of Mexico
On Tuesday, BP (NYSE: BP) gave the go-ahead for the sixth-operated hub, Kaskida, in the U.S. Gulf of Mexico, with […]
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Archer-Daniels-Midland (NYSE: ADM) Reports Explosion at Its Decatur Facility
Global grains trader Archer-Daniels-Midland (NYSE: ADM) reported an explosion at its processing facility in Decatur, Illinois on Sunday, which resulted […]
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Hewlett Packard (NYSE: HPE) Set to Receive Unconditional EU Nod for Juniper Deal: Sources
BRUSSELS – Hewlett Packard Enterprise (NYSE: HPE) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition […]
Recession Warning? US Yield Curve Moves Toward Inversion
NEW YORK – The longest and deepest U.S. Treasury yield curve inversion in history, a key bond market signal of […]
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Pearson (NYSE: PSO) Reports 4% Rise in H1 Operating Profit
LONDON – On Monday, Pearson (NYSE: PSO) reported a 4% rise in first-half adjusted operating profit to 250 million pounds […]
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Apple (NASDAQ: AAPL) Joins US Voluntary AI Risk Management Scheme, White House Says
WASHINGTON – Apple Inc. (NASDAQ: AAPL) has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 […]
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WesBanco (NASDAQ: WSBC) to Acquire Premier Financial in $959 Million All-Stock Deal
WesBanco (NASDAQ: WSBC) has agreed to buy smaller rival Premier Financial (NASDAQ: PFC) in an all-stock deal valued at $959 […]
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Exclusive: Walmart (NYSE: WMT) Eyes $200 Million Investment in Self-Driving Forklifts
NEW YORK – Walmart (NYSE: WMT) has plans to potentially spend $200 million on self-driving forklifts as part of broader […]
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Sabadell CEO Dismisses Likelihood of ‘White Knight’ Intervention Against BBVA Bid
MADRID – Banco Sabadell is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA […]
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EU to Hit Meta (NASDAQ: META) with First Antitrust Fine for Tying Marketplace and Facebook
BRUSSELS – Meta Platforms (NASDAQ: META) is set to be hit in a few weeks with its first EU antitrust […]
Families of Crash Victims Urge Judge to Reject Boeing Plea Deal
U.S. District Judge Reed O’Connor should reject a “sweetheart” plea deal the Justice Department struck with Boeing (NYSE: BA), relatives […]
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Stellantis (NYSE: STLA) to Divest Majority Stake in Comau Robotics Unit to One Equity Partners
MILAN – Carmaker Stellantis (NYSE: STLA) will sell a majority stake in its robotic unit Comau to One Equity Partners, […]
Four Major High Street Banks Violated Retail Competition Rules: UK Watchdog
LONDON – Four high street banks, HSBC (NYSE: HSBC), Lloyds (NYSE: LYG), TSB and Allied Irish Bank (AIB), broke Britain’s […]
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Royal Caribbean (NYSE: RCL) Ups Profit Forecast and Brings Back Dividend as Cruise Demand Thrives
Royal Caribbean (NYSE: RCL) raised its annual profit forecast on Thursday and said it would reinstate its dividend, with the […]