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Canopy Growth needs another 3-5 years to turn profit

Canopy Growth Corp said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand.



5 years ago

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015.



5 years ago

American, Southwest Airlines bump more passengers after 737 MAX grounding

American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes.



5 years ago

Revlon taps Goldman to explore strategic options: Bloomberg

Cosmetics maker Revlon Inc has tapped Goldman Sachs Group Inc to explore options for its business, Bloomberg reported on Thursday, citing people familiar with the matter.



5 years ago

GE shares fall on Madoff whistleblower calling its finances a fraud

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.



5 years ago

Democrat wants FCC to open T-Mobile, Sprint settlement for comment

U.S. Representative David Cicilline urged Federal Communications Commission Chairman Ajit Pai on Thursday to give the public the chance to comment on a draft order that would grant agency approval to the $26 billion merger of T-Mobile US Inc and Sprint Corp .



5 years ago

S&P 500, Dow gain as upbeat retail sales offset recession fears

The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions.



5 years ago

Stocks waver, dollar recovers on renewed growth worries

The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings.



5 years ago

GE falls the most in 11 years after Madoff whistleblower calls it a 'bigger fraud than Enron'

GE says the allegations of fraud are "entirely false and misleading."

5 years ago

Trump says trade war with China will be fairly short

U.S. President Donald Trump said on Thursday he believes China wants to make a trade deal and the trade war with Beijing will be fairly short.



5 years ago

SoftBank convertible note helped cut WeWork losses

Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller.



5 years ago

Ackman confident portfolio can keep delivering strong returns: letter

Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering "high, long-term" returns and that he expects Berkshire Hathaway Inc stock to help boost gains.



5 years ago

Trump says China talks 'productive'; Beijing vows tariff retaliation

U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding "productive" trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect Sept 1.



5 years ago

'Crazy inverted yield curve' vexes Fed, with no clear resolution

Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt.



5 years ago

Apple says it supports 2.4 million U.S. jobs

Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million U.S. jobs, up 20% from the 2 million the technology company estimated in 2017.



5 years ago