Canadian lender CIBC flags layoffs as it battles challenging environment
Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment...
Amgen 2020 outlook falls short of Street estimates, shares down 3%
Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3%....
SkyWest orders 20 old-generation Embraer jets as order for new line remains paused
Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc had signed a firm order for 20 E175 planes from the E1...
IBM CEO Ginni Rometty to step down; cloud boss to succeed
International Business Machines Corp Chief Executive Officer Ginni Rometty will step down after eight years in the role and will be succeeded by the head...
Financial vulnerabilities could undermine effect of rate cuts: Bank of Canada
Financial vulnerabilities like high household debt could undermine central bank efforts to keep inflation in check, since they potentially limit the effectiveness of rate cuts,...
Visa quarterly revenue misses, expenses rise
Visa Inc missed analysts’ estimates for revenue and posted a 14% rise in operating expenses for the first quarter on Thursday, sending its shares down...
Stocks, oil tumble on fears virus to hurt China’s economy
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond...
Skywest orders 20 old-generation Embraer jets as order for newer jets remains paused
Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyBest Inc had signed a firm order for 20 E175 planes from the E1...
Amazon holiday sales jump as one-day shipping quadruples, stock up 13%
Amazon.com Inc on Thursday said its sales jumped during the holiday season and profit far exceeded expectations, as the world’s biggest online retailer shortened delivery...
Visa quarterly profit rises 10% on strong holiday season spending
Visa Inc reported a nearly 10% rise in quarterly profit on Thursday, as higher consumer spending during the holiday season boosted fees for the world’s...