(Reuters) -Moody’s Investors Service on Tuesday said it was considering downgrading Boeing’s “Baa2” senior unsecured rating and “Prime-2” short-term rating. “Placing the ratings on review for downgrade follows Moody’s belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash flow and retire …
Moody’s places Boeing ratings on review for downgrade Read More »
By Georgina McCartney HOUSTON (Reuters) – The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives. Global shipping firms are looking for ways to lower their carbon footprints, particularly as the …
Shipping industry faces fuel dilemma in bid to cut emissions Read More »
(Reuters) – The U.S. Securities and Exchange Commission is asking technology and telecom companies how they handled the SolarWinds cyber attack in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter. The hack of information technology company SolarWinds, one of the broadest and most sophisticated cyber attacks in the United States, was …
SEC ramps up hack probe with focus on tech, telecom companies, Bloomberg News says Read More »
(Reuters) -The U.S. FDA on Tuesday approved Merck’s treatment for adults with high blood pressure due to constriction of lung arteries, adding another potential blockbuster drug to the pharmaceutical giant’s portfolio Shares of Merck were up 4% in extended trading. The therapy, branded Winrevair, is approved for treating pulmonary arterial hypertension (PAH), which affects about …
(Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy. Shares of the Grapevine, Texas-based company tumbled 15% in extended trade after the results. U.S. videogame publishers Take-Two …
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and S&P 500 to their third straight decline, as investors awaited economic data in a holiday-shortened week to gauge the Federal Reserve’s policy path. Stocks struggled for upward momentum even as …
Dow, S&P fall for third straight session with inflation data eyed Read More »
By Medha Singh and Yuvraj Malik (Reuters) -Shares of Donald Trump’s Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president’s supporters and providing him a potential windfall as he grapples with the costs of several legal cases. At its session high of …
Trump’s media company valued at almost $8 billion in strong Wall St debut Read More »
By David French (Reuters) – U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile interstate natural gas pipeline, …
(Reuters) -A major bridge collapsed in the U.S. port of Baltimore after being struck by a container ship, plunging cars into the river below. Here is what carmakers and other companies, which use the port, have said about the impact on their operations: ASR GROUP The largest sugar company in the U.S. said it has …
Factbox-Companies react to Baltimore bridge collapse Read More »
(Reuters) – South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly $4 billion to build an advanced chip packaging facility in West Lafayette, Indiana, the Wall Street Journal reported on Tuesday. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sonia Cheema)
