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GM reverses decision, will pay striking union workers' healthcare coverage

General Motors Co said on Thursday it will pay for the health insurance of its striking hourly workers, reversing a decision to push the costs onto the United Auto Workers union.



4 years ago

Facebook wins dismissal of investor lawsuit over privacy breach

Facebook Inc and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will be have a chance to refile their case.



4 years ago

Fed's Clarida says inflation expectations in line with mandate

U.S. inflation expectations are currently in line with the central bank's 2% goal, Federal Reserve Vice Chair Richard Clarida said on Thursday, a remark that suggests he does not see a pressing need for new rate cuts to push inflation back up.



4 years ago

Fitness startup Peloton's shares fall 7% in market debut

Shares of Peloton Interactive Inc , the fitness startup known for on-demand workout programs on its exercise bikes, slid as much as 7% in their market debut on Thursday, indicating that investors are becoming increasingly skeptical of money-losing startups.



4 years ago

Commerzbank cuts revenue forecast as board approves overhaul

Commerzbank no longer expects a rise in underlying revenue this year, the German lender warned on Thursday, as its supervisory board approved plans announced last week to cut thousands of staff and close a fifth of its branches.



4 years ago

Top telecom CEOs say China is building out 5G network with intense speed

The U.S. might be behind China in the race to 5G, and top American telecom executives are watching.

4 years ago

Exxon Mobil to sell some of its Norway assets for $4.5 billion

Exxon Mobil said on Thursday it's selling its upstream assets in Norway for $4.5 billion.

4 years ago

Wall Street drops as Huawei report, Washington turmoil weigh

Wall Street's main indexes fell on Thursday after a report that the United States is unlikely to extend a waiver allowing American firms to supply China's Huawei, added to worries over an inquiry into the impeachment of President Donald Trump.



4 years ago

New York sues Dunkin' Donuts over cyberattacks

The parent of Dunkin' Donuts was sued on Thursday by New York Attorney General Letitia James, who accused the chain of failing to protect hundreds of thousands of customers whose accounts were targeted in a series of "brute force" cyberattacks.



4 years ago

Gap to hire fewer workers for holiday season

Gap Inc said on Thursday it plans to hire more than 30,000 seasonal workers for the upcoming holiday season, lower than the 65,000 target the apparel retailer had set for 2018.



4 years ago

NYU's 'Dean of Valuation' says Peloton is worth only $19 with 'benefit of every doubt'

Peloton is worth $19 a share at most, according to Wall Street's valuation guru.

4 years ago

Wall Street cuts losses after Chinese foreign minister comment

The S&P 500 reversed losses to trade flat on Thursday after the Chinese foreign minister said the United States has shown good will by waiving tariffs on Chinese products.



4 years ago

TD Ameritrade shares tank after Interactive Brokers unveils new service

Interactive Brokers announced a new product that will provide commission-free trades.

4 years ago

Boeing did not adequately consider pilot reactions in 737 MAX: NTSB

Boeing Co failed to adequately consider how pilots respond to cockpit emergencies in its 737 MAX safety assessment and may need to make changes to flight deck alerts, pilot procedures and training, the National Transportation Safety Board said.



4 years ago

WeWork's Neumann voted to oust himself as CEO after failed IPO: sources

When WeWork's directors voted on Tuesday to oust Adam Neumann as chief executive after a failed attempt to take the office-sharing startup public, Neumann cast his vote against himself, according to three people familiar with the situation.



4 years ago