Tech weakness weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time...
Boeing cutting more than 12,000 U.S. jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in...
Goldman Sachs president says bank on track to meet growth goals
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long...
Lufthansa board rejects EU conditions on $10 billion bailout
German airline Lufthansa’s supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh doubt on the 9 billion euro...
Boeing laying off 6,700 U.S. workers with thousands more planned
Boeing Co said Wednesday it will notify 6,770 U.S. workers they are being laid off with “several thousand remaining layoffs” planned in the next few...
Italy’s RCS says court ruled 2013 sale to Blackstone valid, may still win damages
Milan’s Arbitral Tribunal has judged that the 2013 sale of RCS’ headquarters to Blackstone Group was valid but found that the purchaser’s behaviour may entitle...
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course...
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long...
Wall Street opens higher on recovery optimism
U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained...
Lufthansa supervisory board postpones approval of bailout package
Lufthansa’s supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline...