U.S. business investment stabilizing, economy slowing
New orders for key U.S.-made capital goods surged in June, suggesting some improvement in business investment, but economic growth is still expected to have slowed...
Boeing 737 MAX groundings plague U.S. airlines; Southwest exits Newark
American Airlines Group Inc and Southwest Airlines Co warned on Thursday of an increasing financial toll from the prolonged Boeing 737 MAX grounding this year...
Hershey’s tepid annual forecast overshadows quarterly profit beat
Hershey Co reported a better-than-expected quarterly profit on Thursday, but forecast 2019 earnings below Wall Street expectations as the chocolate maker expects the benefits from...
Wall Street slides, bond yields rise on mixed earnings, ECB statement
U.S. stocks stumbled out of the starting gate and bond yields gained ground following mixed earnings and a rosier-than-expected statement from the European Central Bank’s...
California, four automakers defy Trump, agree to tighten emissions rules
Four major automakers said on Thursday they have reached a voluntary agreement with the state of California on fuel efficiency rules, bypassing a Trump administration...
Gazprom gets bids worth $3.15 billion for sale of own shares
Gazprom , the world’s biggest conventional gas producer, said on Thursday it had received bids worth 198.89 billion roubles ($3.15 billion) for 3% of its...
Total plans $5 billion of asset sales to future-proof business
French energy giant Total will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven...
Wall Street falls after mixed earnings; ECB chief disappoints
U.S. stocks fell on Thursday after a handful of mixed earnings reports pointed to a slowing global economy, and as the European Central Bank chief’s...
ISS urges Occidental investors to press management for special meeting
Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum shareholders to ask management to let them weigh in on board and governance issues...
Autogrill enters exclusive deal with Panera Bread for U.S. market
Italian caterer Autogrill said on Thursday it had signed an exclusive multi-year agreement with bakery chain Panera Bread to develop outlets in U.S. airports and...