Healthy travel demand helps cushion 737 MAX toll for American, Southwest
Healthy travel demand should continue to cushion results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, even as the prolonged Boeing 737 MAX grounding weighs on costs and profits.
Xerox plans to nominate 11 directors to HP’s board
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc’s board, setting the stage for a proxy fight after the personal computer maker rebuffed its $33.5 billion takeover offer.
Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump
Union Pacific Corp shares rose more than 2% on Thursday after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes in the second half of 2020.
Comcast takes aim at CNN with NBC-Sky global news channel: FT
Comcast’s NBC and Sky will jointly launch a global news channel taking aim at CNN, the Financial Times reported https://www.ft.com/content/cf3aafce-3d30-11ea-a01a-bae547046735 on Thursday.
Dollar gains vs euro as ECB holds policy steady, launches review
The dollar rose against the euro on Thursday after the European Central Bank left unchanged its key interest rates and stimulus programs and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s…
P&G sales growth shy of forecasts as slowing birthrate hurts diaper sales
Procter & Gamble Co on Thursday posted quarterly sales that missed analysts’ expectations for the first time in five quarters, hurt by weakness in baby and feminine care products such as Pampers diapers and Tampax tampons.
Britain’s Morrisons axes 3,000 management jobs in stores shake-up
British supermarket group Morrisons plans to cut 3,000 management jobs as part of a workforce restructuring that will create 7,000 frontline jobs in its stores, it said on Thursday.
Tesla overtakes Volkswagen as world’s second most valuable carmaker
Tesla Inc has overtaken Germany’s Volkswagen as the world’s second most valuable carmaker behind Japan’s Toyota , as the meteoric rise in the U.S. electric vehicle maker’s shares reshuffles the global market.
Southwest sees 737 MAX costs continuing to lash profits this year
Southwest Airlines Co said on Thursday that the Boeing 737 MAX grounding will continue weighing on its profits in the first quarter and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked longer tha…
U.S. weekly jobless claims rise modestly; labor market solid
The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.
