JPMorgan Chase & Co's head of its corporate and investment banking division said second-quarter revenues are on track to be up more than 50per cent higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues.
Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.
OVER the coming months, we are going to emerge from global lockdown into an economy over which the Covid-19 virus will cast its long shadow. But does that have to be the end of the story?
REUTERS: Boeing Co on Wednesday (May 27) said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a "low rate" after halting production in January following two crashes that killed 346 people. The aircraft manufacturer's best-selling plane was ...
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the COVID-19 pandemic.
NEW YORK: The Dow posted big gains again on Wednesday (May 27) on continued optimism over the reopening of the US economy, even as a fresh Federal Reserve report pointed to anxiety among many businesses. The Dow Jones Industrial Average rose 553.16 points (2.21 per cent) to 25,548.27. The broad...
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
LOS ANGELES: Las Vegas casinos, which have been shuttered for more than two months because of the pandemic, will be able to reopen next week with restrictions on physical distancing and crowd numbers, the state's governor announced late on Tuesday. "We welcome the visitors from across the country ...
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
