Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone
Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global...
Asia stocks firm as Fed props up rate cut expectations
Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for...
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...
Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut...
Exclusive: J.C. Penney taps debt restructuring advisers – sources
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a...
Icahn launches proxy fight after stalled talks with Occidental CEO
Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory...
Exclusive: WeWork to host Wall Street analyst day in IPO push – sources
The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company...
Microsoft shares hit record highs, powered by growing cloud sales
Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares...
Trump meets with airline CEOs over Qatar subsidy accusations
U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United...
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...