India to temporarily allocate Jet Airways slots to rival carriers: official
The Indian government plans to form a committee to temporarily allocate takeoff and landing slots left vacant by the grounding of Jet Airways flights, a senior official said, a day after the indebted carrier was forced to stop operations.
Zoom starts trading at $65 per share, 80 percent above IPO price
Video conferencing company Zoom Video Communications opened at $65 per share on Thursday, 80.6 percent above its initial public offering price, in its debut on the Nasdaq.
Pinterest shares soar 25 percent in market debut
Shares of online scrapbook company Pinterest Inc surged 25 percent in their debut on Thursday, giving it a market capitalization of $15.8 billion and signalling increased investor appetite for new tech listings.
AmEx profit beats as rewards program boosts customer spending
Credit card issuer American Express Co’s quarterly profit beat analysts’ estimates on Thursday, as it spent more on its rewards program boosting customer spending.
Oil prices steady despite Saudi export cuts, U.S. inventory draw
Oil prices were little changed on Thursday as a drop in crude exports from OPEC’s defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check .
Who will succeed Carney to run Britain’s central bank?
Britain is starting its search for a new governor of the Bank of England to succeed Mark Carney who is due to step down in January 2020.
Stocks erase weekly gains on lackluster manufacturing data
A gauge of global stocks erased this week’s gains on Thursday after underwhelming manufacturing surveys from Asia and Europe and continued weakness in U.S. healthcare shares spurred profit-taking ahead of an extended Easter holiday weekend.
Sears sues Lampert, claiming he looted company and drove it into bankruptcy
Sears Holdings Corp sued longtime Chairman Eddie Lampert, his hedge fund ESL Investments, and former directors including Treasury Secretary Steven Mnuchin, accusing them of allowing the retailer to be looted of billions of dollars before its October 20…
Wall Street slips as healthcare slumps again
U.S. stocks dipped in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks overshadowed gains from industrials after upbeat earnings.
Honeywell evaluating revenue potential from Boeing’s next aircraft launch: CFO
Honeywell International Inc is evaluating the revenue potential from supplying parts to Boeing’s next major aircraft program, which is likely to be finalized by late 2019 or early next year, Chief Financial Officer Greg Lewis told Reuters.
