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...
FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday....
Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due...
United reshuffles management as it prepares for uncertain recovery
United Airlines Holdings Inc said on Wednesday that Jon Roitman will be replacing Greg Hart as chief operations officer effective June 1 as part of...
Ackman says hedge fund up 27% year to date, dumped Berkshire
William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the...
Nissan to begin restart of U.S. auto plants on June 1
Japanese automaker Nissan Motor Co said Wednesday it plans to begin restarting its shuttered U.S. manufacturing operations beginning June 1....
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures...
Wall Street gains 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...