Turnaround costs push Deutsche Bank to $6 billion loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters.
Verizon Communications Inc shares fell about 1% on Thursday as quarterly profits missed estimates even though the company added more monthly mobile phone subscribers than expected as adding the Disney+ streaming service helped some of its plans.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
U.S. stocks edged lower on Thursday, as the coronavirus epidemic fanned fears of a further hit to China's economy, while a mixed batch of earnings from technology firms also weighed on sentiment.
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records.
Altria Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping.
If you're a retiree on Medicare who's heading back to work and now has the option of employer coverage, be sure you know the rules that come with the move.
Tesla CEO Elon Musk doesn't have a lot of love for Wall Street.
Altria Group Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping.
Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.
Oil prices fell 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Russia's first McDonald's restaurant has scrapped a plan to sell Big Mac burgers for virtually nothing to mark its 30th anniversary over fears it would attract huge crowds, which authorities have advised against due to coronavirus fears.
Cash-strapped state carrier South African Airways (SAA) said on Thursday it would "cancel and consolidate selected flights" to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch.