Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of...
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.
Microsoft beats estimates, powered by growing cloud profits
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses...
Stocks gain on Fed rate cut optimism; oil drops
A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a...
Boeing takes $4.9 billion charge related to 737 MAX
Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its...
Microsoft sales beat expectations as cloud growth slows
Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office...
Wall Street rises as Fed's Williams cements rate-cut expectations
U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate...
U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets...
Oil falls about 2.5% as U.S. Gulf production returns
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the...
BMW picks Oliver Zipse as new CEO
BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric...
Morgan Stanley's rich clients withdrew a surprising amount from accounts to pay their taxes
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets...
Wall Street rises as Fed's Williams bolsters rate-cut hopes
U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts...
Union Pacific cost cuts sheltered profit amid freight slowdown
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome...
BMW promotes Oliver Zipse to CEO
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top...
Transport app FlixMobility gets Germany's biggest tech funding round to drive growth
Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources...