Bombardier commits to aero program after CSeries, Toronto land sale
(Reuters) – Bombardier Inc said on Thursday it will stick by its remaining commercial aerospace program after agreeing to sell its biggest land asset, as the Canadian plane and train maker strives to raise cash to pay down its debt.
Spotify shares skid as inaugural results undermine Wall Street hype
(Reuters) – Music streaming service Spotify Technology SA’s shares fell 9 percent in early trading on Thursday as the company’s first quarterly report underwhelmed in the face of heightened Wall Street hype.
U.S. trade deficit narrows sharply; labor market tightening
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
Rolls-Royce says working quickly to fix Trent 1000 problems
LONDON (Reuters) – Britain’s Rolls-Royce is working quickly to repair problems with some of its Trent 1000 engines that have left planes grounded, it said on Thursday, adding it remained confident the cost would not cause it to miss financial forecasts…
Wall Street drops as trade worries, earnings weigh
(Reuters) – U.S. stocks headed lower on Thursday as investors remained wary about the outcome of U.S.-China trade talks, while a slew of disappointing earnings weighed on the indexes.
U.S. factory orders rise, but business equipment spending slowing
May 3 – New orders for U.S.-made goods rose more than expected in March, boosted by strong demand for transportation equipment and a range of other products, but there are signs that business spending on equipment is slowing.
Last man standing: lonely Fed tightening spurs dollar surge
LONDON (Reuters) – As speculation about interest rate rises and policy ‘normalization’ in the euro zone, Japan, Britain and China falls away rapidly, the U.S. Federal Reserve’s now lonely monetary tightening has suddenly supercharged the dollar.
Tesla shares, bonds drop as CEO Musk snubs Wall Street
(Reuters) – Tesla Inc chief Elon Musk’s refusal to answer “boring” Wall Street questions about the electric car maker’s financial condition sent shares down as much as 7 percent on Thursday and spurred concerns about its ability to raise money in the f…
Fresenius sees Akorn lawsuit dragging on into 2019
BERLIN (Reuters) – German healthcare group Fresenius SE said on Thursday its legal battle with Akorn over its canceled $4.7 billion takeover could drag on into 2019 as it posted a slight decline in quarterly profit hurt by a strong euro.
U.S.-China trade tensions, earnings set to pressure Wall Street
(Reuters) – U.S. indexes were on track to open lower on Thursday as investors remained on edge about U.S.-China trade talks, while the latest round of earnings added little cheer.
