BNY Mellon profit falls short on lower interest rates
Bank of New York Mellon Corp missed analysts’ estimates for quarterly profit on Thursday, as the world’s largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.
Burger King makes Impossible Whopper cheaper by inclusion in value menu
Burger King said on Thursday it would add its plant-based Impossible Whopper sandwich to its popular 2 items for $6 promotion, a sign that fast-food chains are trying to reach more customers with affordable options.
Southwest Airlines push Boeing 737 MAX flight cancellations into June
Southwest Airlines Co said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co jet threatens to hurt a second straight U.S. summer travel season.
Global stocks bask in U.S.-China trade-deal afterglow
World stocks remained near record highs on Thursday, after the United States and China signed the first phase of an agreement to end their 18-month trade war.
Morgan Stanley profit surges 53%
Morgan Stanley reported a 53% rise in quarterly profit on Thursday, driven by strength in its bond trading and underwriting businesses.
What to watch as fourth-quarter earnings kick into high gear
U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.
FAA should mandate safety management systems for Boeing, others: panel
An expert committee on Thursday recommended the Federal Aviation Administration require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.
Factbox: How NBCUniversal’s Peacock streaming service likely stacks up against others
Comcast Corp’s NBCUniversal will provide details on its planned Peacock video streaming service on Thursday, taking on industry leader Netflix Inc and others in the highly competitive field.
BNY Mellon profit surges 67% on one-time gain
Bank of New York Mellon Corp , the world’s largest custodian bank, reported a 67% jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an unspecified equity investment.
PSA Group 2019 sales slump 10% after record 2018
French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa.
