Salesforce revenue beats on higher demand for cloud software
Salesforce.com Inc reported quarterly revenue above Wall Street estimates on Thursday, as more customers signed up for its cloud software.
Wall Street treads water ahead of Fed chair speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell’s speech on Friday for clues on the central bank’s monetary policy.
News Corp developing ‘Knewz.com’ service to take on Google News: WSJ
News Corp is developing a news-aggregation service to compete with Alphabet Inc’s Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the matter.
Pompeo tells Trudeau U.S. focused on release of two Canadians in China
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year.
Exclusive: KKR explores $5 billion sale of Epicor Software – sources
Buyout firm KKR & Co Inc is exploring a sale of Epicor Software Corp that could value the U.S. enterprise resource planning software provider at close to $5 billion, including debt, people familiar with the matter said on Thursday.
Stocks weak as investors eye Fed’s Jackson Hole meeting
An index of stock markets worldwide edged lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world’s largest economy.
FAA plans to test Boeing MAX software on less-experienced pilots: sources
The U.S. Federal Aviation Administration plans to test next month how pilots with around one year of experience flying Boeing 737 jets handle new software on the MAX model, four sources with knowledge of the matter said.
Exclusive: Boeing, grappling with uneven 737 supply chain, targets 52 per month in February – sources
Boeing Co has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020, then stepping up to a record 57 jets monthly in June, three people familiar with the matter told Reuters.
U.S. transport chief names aviation safety advisory panel
U.S. Transportation Secretary Elaine Chao on Thursday named 22 people to a new panel that will advise the department on aviation safety oversight and certification programs as the Federal Aviation Administration continues to grapple with the fallout fr…
S&P 500, Nasdaq fall after gloomy data; Fed officials dampen rate cut hopes
The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of future interest rate cuts.
