Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing
Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a...
Oil drops on worse than feared rise in U.S. fuel stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a...
Asian stocks gain on economic hopes, Hong Kong remains a risk
Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff...
U.S. senators weigh additional sanctions on Russia’s Nord Stream 2
Two U.S. senators said on Wednesday they could draft further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow finishes laying pipes for...
Nissan to set out survival plan after expected annual loss
Nissan Motor Co will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of...
Trump to sign executive order on social media on Thursday: White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down...
Wall Street rises with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns...
Carl Icahn exits Hertz with ‘significant’ loss
Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a “significant loss”, days after...
JPMorgan’s investment banking head: quarterly revenues tracking 50% up from 2019
JPMorgan Chase & Co’s head of its corporate and investment banking division said second-quarter revenues are on track to be up more than 50% higher...
Micron raises third-quarter revenue forecast
Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion...