U.S. agrees 1MDB recovery deal with Malaysian Jho Low
The U.S. Justice Department said on Wednesday it has reached a settlement deal with financier Jho Low to recover almost $1 billion that was misappropriated from Malaysian investment fund 1MDB.
Diamond Eagle in talks to buy fantasy sports provider DraftKings: Bloomberg
Diamond Eagle Acquisition Corp , a special purpose acquisition company, is in advanced talks to buy fantasy sports provider DraftKings Inc, Bloomberg reported on Wednesday.
Lyft sees ‘path to profitability’ as riders, revenues increase
Ride-hailing company Lyft Inc on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021.
Apple tunes out trade war as new AirPods, services lift holiday outlook
Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter ahead of Wall Street expectations, with Chief Executive Tim Cook seeing strong sales of the wearables such as the noise-cancelling AirPods Pro and hoping for a U.S.-China t…
GE still sees $1.4 billion cash cost from Boeing 737 MAX grounding in 2019
General Electric Co still expects the grounding of Boeing Co’s 737 MAX jetliner to reduce its cash flow by $1.4 billion in 2019, provided the aircraft remains grounded all year, GE Chief Executive Larry Culp said during a conference call on quarterly…
U.S. lawmakers question Boeing’s $1 mln rebate clause for Southwest 737 MAX orders
To convince Southwest Airlines Co to buy the Boeing 737 MAX, the plane maker reassured the airline that pilots would not need expensive simulator training and backed up the promise with a $1 million per plane rebate if training was needed, U.S. lawmak…
Stock investors see silver lining in Fed’s rate-cut pause
The U.S. Federal Reserve may be done cutting interest rates but stock investors are not done buying.
For Fed Chair Powell, blunt is the ‘appropriate’ approach
Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another.
Peugeot, FCA accelerate merger talks: sources
The boards of French automaker Peugeot SA and Fiat Chrysler Automobiles NV on Wednesday agreed to pursue a $50 billion merger, sources familiar with the matter said, a deal that could transform the global auto industry.
Boeing 737 MAX grounding a drag on Canadian investment in machinery, equipment
The global grounding of Boeing’s 737 MAX jet is weighing on Canadian economic investment in machinery and equipment, with carriers unable to take deliveries of the planes, the Bank of Canada said on Wednesday in a report.
