Lyft valued at $24.3 billion in first ride-hailing IPO
Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company.
Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
Fiat Chrysler Automobiles NV said on Thursday it will eliminate one shift at its Windsor, Ontario, assembly plant where it builds minivans, resulting in the loss of 1,500 jobs.
GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops
General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday.
Morgan Stanley president Kelleher to retire: memo
Morgan Stanley said Thursday that its president, Colm Kelleher, will retire at the end of June, according to an internal memo viewed by Reuters.
Wells Fargo CEO Tim Sloan steps down
Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal.
Wall Street ends up as yields, trade optimism rise
U.S. stocks climbed on Thursday as Treasury yields rose off 15-month lows, with investors optimistic about the latest round of U.S.-China trade talks.
Benchmark yields rise, stocks mixed with eye on trade, growth
Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while gains on Wall Street countered declines in other world stock markets as investors eyed U.S.-China trade talks and economic growth.
Citgo raises $1.2 billion loan to run operations, refinance debt
Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance existing debt.
Buffett says Apple content plan hard to predict, touts airline safety
Warren Buffett on Thursday said he could not predict the success of Apple Inc’s new suite of services but was confident the public would benefit as content providers vie for their wallets.
U.S. lawsuit filed against Boeing over Ethiopian Airlines crash
A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be the first suit over a March 10 Ethiopian Airlines 737 MAX crash that killed 157 people.
