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IBM CEO Ginni Rometty to step down; cloud boss to succeed

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company's cloud business, as it looks to build on her attempts to steer the Big Blue to the fast-growing segment.



5 years ago

Canadian lender CIBC flags layoffs as it battles challenging environment

Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment for revenue growth.



5 years ago

Amgen 2020 outlook falls short of Street estimates, shares down 3%

Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3%.



5 years ago

SkyWest orders 20 old-generation Embraer jets as order for new line remains paused

Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo.



5 years ago

EA forecasts fourth-quarter revenue below estimates, shares slip

Electronic Arts Inc forecast fourth-quarter revenue below analysts' estimates, weighed down by the delayed launch of its basketball title "NBA Live", while its "Apex Legends" battles "Fornite" and "PUBG" to attract young gamers.



5 years ago

IBM CEO Rometty to step down; cloud boss to succeed

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company's cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.



5 years ago

Visa sees muted revenue growth in 2020, shares fall 3%

Visa Inc on Thursday fell short of analysts' estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.



5 years ago

Airlines suspend China flights over coronavirus

Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.



5 years ago

American Airlines pilots sue to block China flights as virus unnerves crew worldwide

A pilots union filed a lawsuit on Thursday seeking to immediately halt American Airlines U.S.-China service, as cabin crews worldwide voiced unease about exposure to the rapidly-spreading coronavirus which has killed more than 170 people in China.



5 years ago

Cheniere Energy drops lawsuit against Tellurian chairman, vice chairman

Tellurian Inc on Thursday said Cheniere Energy Inc has dismissed all claims against its Chairman Charif Souki and Vice Chairman Martin Houston.



5 years ago

Factbox: Airlines suspend China flights over coronavirus

Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.



5 years ago

Pilots, flight attendants demand flights to China stop as virus fear mount worldwide

Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines' pilots filing a lawsuit seeking an immediate halt.



5 years ago

SkyWest adds 20 first-gen Embraer jets as order for new version remains on hold

Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc has signed a firm order for 20 E175 planes from its E1 generation, worth close to $1 billion, as an order for newer E2 aircraft remains in limbo.



5 years ago

Chevron asks staff to postpone 'non-essential' business travel to China: memo

U.S. oil major Chevron Corp has asked its employees to postpone all "non-essential" business travel to China in the aftermath of the coronavirus outbreak, according to a memo seen by Reuters on Thursday.



5 years ago

Asia shares struggle to stabilize after punishing week

Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, even as headlines spoke of more cases and deaths.



5 years ago