GE power CEO reveals problem with new turbine model, shares drop
General Electric Co shares fell sharply on Thursday after the chief of its power division revealed a problem with its newest line of natural gas-fired power turbines, prompting J.P. Morgan to cut its price target for GE’s underperforming stock.
General Electric confirms blade problem at new Texas power plant
General Electric Co said on Thursday that it had discovered a problem with a turbine blade at an electrical power plant in Texas owned by Exelon Corp .
U.S. weekly jobless claims fall as labor market strength continues
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
Trump says OPEC ‘monopoly’ must get prices down
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices.
Under Armour cuts 400 more jobs in turnaround push
Under Armour Inc said on Thursday it was cutting about 400 jobs, or 3 percent of its workforce, as part of the sportswear maker’s efforts to slash costs and compete with Nike and Germany’s Adidas .
World stocks rise as trade relief bounce continues, sterling shines
A bounce in world stocks on relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than feared continued on Thursday, although investors remained wary about the next steps in the US-Sino trade war.
Trump says OPEC producers must bring prices down
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices.
Rare quick-fire auction could settle fate of broadcaster Sky
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox could be settled by a quick-fire auction on Saturday, UK regulators said on Thursday.
Factbox: How the auction process for Sky will work
A nearly two-year battle to take over UK-based broadcaster Sky could finally be settled in a quick auction this weekend, Britain’s Takeover Panel said on Thursday.
Under fire Danske Bank faces fresh money laundering inquiry
Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia.
