Novartis names Bulto as new head of U.S. drugs business
Swiss drugmaker Novartis has named company veteran Victor Bulto as head of its U.S. pharmaceuticals business, effective on Sept. 1.
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
Indonesia’s Lion Air “urgently requires” more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model’s return to service, the airline’s co-founder, Rusdi Kirana, told Reuters on Wednesday.
Macy’s cuts forecast after first profit miss in two years, shares slide
Macy’s Inc cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear Spring inventory, sending its shares down 13%.
Oil prices fall on weak economic data from Europe and China
Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the United States said it would delay tariffs on some Chinese products.
Ryanair Spanish cabin crew unions threaten 10 days of strikes
Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country.
Stocks wilt as bond markets flash recession warnings
Stock markets slumped on Wednesday as Germany’s economy went into reverse, fueling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports.
Recession fears hit Wall Street after grim China, German data
Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies toward the brink of recession.
WeWork lifts veil on finances with IPO filing
WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time that showed it lost almost $700 million in the first half of 2019 while doubling revenue.
Oil prices fall on disappointing economic data from Europe and China
Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s sharp gains after the United States said it would delay tariffs on some Chinese products.
Air Canada sees A220 jet delivering boost for key U.S. transit traffic
Air Canada said on Wednesday it will launch a direct Seattle-Montreal service in May 2020 with its new A220-300 jets, as the carrier eyes new routes to expand its share of lucrative international transit traffic to and from the United States.
