Stocks News
- Reuters
WASHINGTON (Reuters) – Boeing Co said Tuesday it had named a former U.S. deputy secretary of state as a senior executive as the U.S. planemaker faces challenges around the world including working to restart passenger airplane deliveries to Chinese carriers.
- Reuters
By Noele Illien and John O’Donnell ZURICH (Reuters) – Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS.
- Reuters
(Reuters) – Stellantis and BMW are in talks with Panasonic Holdings about teaming up to build electric vehicle battery plants in North America, the Wall Street Journal reported on Tuesday, citing people familiar with the talks.
- Reuters
(Reuters) – AMC Entertainment Holdings Inc’s shares fell 19% on Tuesday and preferred shares rose 14% after a lawsuit settlement brought the company a step closer to its plan to convert APE to common stock and potentially raise more capital.
- Reuters
SAO PAULO (Reuters) – The chief executive of Brazilian cosmetics maker Natura &Co Holding SA said on Tuesday the company is now focused on a disciplined capital allocation after agreeing to sell luxury brand Aesop to L’Oreal.
- Reuters
(Reuters) – Short sellers made a whopping $848 million in paper profit by betting against beleaguered First Republic Bank in March, financial data company Ortex said on Tuesday, making it the most profitable short trade last month.
- Reuters
By Martin Coulter LONDON (Reuters) – Hundreds of Google employees staged a walkout at the company’s London offices on Tuesday, following a dispute over layoffs.
- Reuters
(Reuters) – Richard Branson’s Virgin Orbit Holdings filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure long-term funding following a January rocket failure.
- Reuters
By Isabel Woodford MEXICO CITY (Reuters) – Investors optimistic about a potential Mexican nearshoring boom have been scooping up stocks in local real estate, transport companies and banks, analysts say, in a bid to cash in on the wave of U.S businesses setting up shop over
- Reuters
By Maiya Keidan TORONTO (Reuters) – TD Bank Group should abandon or renegotiate its $13.4 billion acquisition of U.S. lender First Horizon as the regional banking crisis has unearthed unknown risks, some small shareholders told Reuters.
- Reuters
By Jennifer Rigby LONDON (Reuters) – Calls to pause the development of artificial intelligence will not “solve the challenges” ahead, Microsoft co-founder Bill Gates told Reuters, his first public comments since an open letter sparked a debate about the future of the technology.
- Reuters
(Reuters) – Canada became the latest country to announce a ban on TikTok from government-issued devices, saying it presents an “unacceptable” level of risk to privacy and security.
- Reuters
CHICAGO (Reuters) – Pilots at American Airlines are “near” reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters.
- Reuters
By Huw Jones LONDON (Reuters) – Banks in the European Union must be “conservative” with dividends and other payouts after recent turmoil in the sector, and focus on keeping their cash buffers topped up, the European Union’s banking watchdog has told Reuters.
- Reuters
A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession.
- Reuters
(Reuters) – Tesla sold 88,869 units of China-made electric vehicles (EV) in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association (CPCA) showed on Tuesday.
- Reuters
SHANGHAI (Reuters) – Pfizer and Merck have slightly lowered the prices of their respective Paxlovid and molnupiravir COVID-19 treatments in China, local media reported on Tuesday citing pricing information published by the province of Jiangsu.
- Reuters
By Ange Aboa and Maytaal Angel SAN PEDRO, Ivory Coast/LONDON (Reuters) – Ivorian cocoa bean farmer Edouard Kouame Kouadio expects to die poor, despite rising demand for the raw material that feeds the world’s insatiable appetite for chocolate.
- Reuters
By Xie Yu and Jason Xue HONG KONG/SHANGHAI (Reuters) – Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains