GE to lose $1.4 billion this year from Boeing 737 Max grounding but expects jet's return next year
GE makes the LEAP engines used for the 737 Max, which has been grounded worldwide following two deadly crashes in the past year.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Fidelity Contrafund cuts value of WeWork stake by 35%
Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering...
Factbox: What happens at the Fed's rate-setting meetings?
The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the...
Pizza Hut, GrubHub troubles dent Yum profits; shares fall
Yum Brands Inc missed earnings expectations, largely hit by a write down in the value of its investment in delivery company GrubHub and warned of sagging...
Ken Fisher's sexist remarks remind women that financial advice industry is slow to change
In the #MeToo era, the billionaire's lewd comments at a conference shine a spotlight on the financial advice industry and its reluctance to change its ways.
Fiat Chrysler calls board meeting on Peugeot tie-up: sources
Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the...
Fed Chairman Powell is 'overdue for a press conference gaffe,' says Wells Fargo
On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chairman Jerome Powell's communication miscues.
Ghosn denies report of improper use of Nissan money
Former Nissan Motor Co Ltd boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that...
Facebook agrees to pay UK fine over Cambridge Analytica scandal
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica,...
Oil slips on cloudy U.S.-China trade picture
Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a...
GrubHub, Pizza Hut troubles dent Yum profits; shares fall
Yum Brands Inc missed third-quarter profit expectations on Wednesday, hit by a write down in the value of its investment in delivery company GrubHub and unrelenting...
General Electric CEO does not expect 737 MAX to be in service this year
General Electric Co is not planning for the Boeing Co 737 MAX jetliner to return to service this year, GE Chief Executive Officer Larry Culp said...
Consumers prop up U.S. economy as business spending retrenches
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports,...
Former Exxon chief Rex Tillerson testifies in climate change fraud trial
Former Exxon Mobil Corp Chief Executive Rex Tillerson took the witness stand in Manhattan state court on Wednesday to testify in a closely watched civil lawsuit...
Wall Street opens higher as focus shifts to Fed
U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal...