Forecast points to deepening Illinois budget deficit
Illinois’ budget deficit will top $3 billion and its pile of overdue bills will hit a new record high by fiscal 2025 if the state’s...
Spirit Airlines commits to 100 Airbus jets amid tariff dispute
U.S. budget carrier Spirit Airlines on Wednesday unveiled a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first...
Johnson & Johnson says proposed opioid settlement to lower reported third-quarter profit by $3 billion
Johnson & Johnson on Wednesday lowered its previously reported profit for the third quarter to $1.8 billion from $4.8 billion to account for a proposed...
U.S. FAA must restore ‘public confidence’ in plane certification -inspector general
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation...
Global stocks rise despite lackluster results; sterling creeps up as EU delays Brexit decision
World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union leaders delayed a...
Vinik to shut down hedge fund, says raising cash ‘much harder’ than expected
Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end...
Exclusive: U.S. FAA must restore ‘public confidence’ in plane certification – inspector general
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation...
Wall Street treads water as chip stocks, Nike fall
The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc pushed down semiconductor stocks and the departure of...
Sterling edges up as EU considers Brexit request; stocks flat
World stock indexes were flat to lower on Wednesday with a disappointing forecast from Texas Instruments dragging down chipmaker shares, while the British pound inched...
Brazil court approves contract draft for transfer of rights oil deal
Brazil’s federal audits court on Wednesday approved a draft contract for a massive transfer of rights oil deal between state-run oil firm Petroleo Brasileiro SA...