(Reuters) – Boeing and a union representing about 125 of its firefighters said Wednesday they had reached a tentative contract deal, the planemaker and union said in a joint statement. Boeing in early May locked out members of the International Association of Fire Fighters (IAFF) Local I-66 after they rejected two contract offers – a …
Boeing, firefighters union reach tentative contract deal Read More »
(Reuters) -T-Mobile will buy almost all of regional carrier United States Cellular’s wireless operations including customers, stores and 30% of its spectrum assets in a deal valued at $4.4 billion, the telecom giant said on Tuesday. U.S. Cellular’s shares jumped more than 10% in trading before the bell and comes nearly ten months after the …
T-Mobile to buy US Cellular’s wireless operations in $4.4 billion deal Read More »
(Reuters) – Electric vehicle maker Faraday Future said on Tuesday it was withdrawing its production forecast for 2024 due to current market conditions and levels of funding. Shares of the company fell more than 8% in extended trading. The company also said it received a letter from the Nasdaq stock exchange indicating that its failure …
Faraday Future withdraws full-year production forecast Read More »
(Reuters) – United Airlines Holdings said on Tuesday the airline continues to expect second-quarter profit to be between $3.75 and $4.25 per share. (Reporting by Kannaki Deka in Bengaluru; Editing by Arun Koyyur)
(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4% in aftermarket trading. The company now expects second-quarter adjusted earnings per diluted share to be between $1.00 and $1.15, down from its previous expectations of between $1.15 and $1.45 per share. It now expects total …
American Airlines cuts second-quarter profit forecast Read More »
By Abigail Summerville NEW YORK (Reuters) -The Nasdaq crossed 17,000 for the first time ever on Tuesday, boosted by gains in Nvidia, while the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose. Nvidia jumped 7% and boosted shares of other chip stocks as traders returned from a holiday-extended weekend. …
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department has set a minimum of $492 million in total it is seeking in next week’s auctions to sell warrants to purchase shares in U.S. airlines the government received in exchange for COVID-19 assistance. Congress approved $54 billion in COVID-19 air carrier bailouts in 2020 and …
US Treasury sets $492 million minimum price for airline warrants auctions Read More »
(Reuters) – Trading app Robinhood Markets said on Tuesday it would repurchase shares worth up to $1 billion over a two to three year period starting from the third quarter. The company has been rolling out new products such as a credit card for subscribers to its premium tier in its push to be a …
Trading app Robinhood unveils $1 billion buyback plan Read More »
By Laura Matthews and Carolina Mandl NEW YORK (Reuters) – U.S. trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and regulators on alert for increased trade failures and other hiccups in the world’s largest financial market. Investors in U.S. equities, corporate and municipal bonds and other securities now must …
Wall Street shifts to faster settlements; bumps seen ahead Read More »
By Deena Beasley (Reuters) – As millions seek access to weight-loss drugs from Novo Nordisk and Eli Lilly, increasing supplies, possible wider usage and a growing number of would-be rivals are leading some experts to raise annual global sales forecasts for the treatments to about $150 billion by the early 2030s. A year ago, top …
Analysis-Weight-loss drug forecasts jump to $150 billion as supply grows Read More »
