Thyssenkrupp’s first-quarter profit drops as steel becomes new problem child
Thyssenkrupp posted a 77% drop in adjusted operating profit in the first quarter, blaming a weak automotive market while its steel division, part of the...
Airbus targets operating profit gain in 2020, after bribery settlement net loss
Airbus plunged to a 1.362 billion euro ($1.48 billion) net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group...
Oil prices mixed as demand concerns outweigh output cut expectations
Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world’s biggest...
Airbus to buy rest of Bombardier stake in A220 passenger jet program
European planemaker Airbus has reached a deal to buy the remaining stake of Canadian plane and train maker Bombardier in the A220 passenger jet program,...
Airbus negotiating to win large preliminary order for A220 jets
Airbus is negotiating a preliminary order for up to 100 A220 jets as it prepares to buy out Bombardier’s minority stake in the Canadian-designed jet,...
Bezos buys Warner Estate in Beverly Hills for record $165 million
Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen...
Raytheon discloses SEC subpoena related to payments by Thales JV in Middle East
Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts...
Bezos buys Warner Estate in Beverly Hills for record $165 million: WSJ
Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has bought the Warner Estate in Beverly Hills from media mogul David Geffen for $165 million,...
Despite $1 trillion deficits, Trump tax cuts will still ‘pay for themselves’: Mnuchin
U.S. Treasury Secretary Steven Mnuchin insisted on Wednesday that President Donald Trump’s tax cuts will still pay for themselves over 10 years, even as the...
U.S. lawmaker calls for ouster of CalPERS CIO over China ties: letter
A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he...