Trading in shares of WeWork in the private over-the-counter (OTC) market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value.
United Airlines on Tuesday beat Wall Street estimates for quarterly profit, boosted by strong travel demand and lower fuel costs, and lifted its full-year profit forecast despite the grounding of its Boeing 737 MAX fleet.
ZURICH: China's Huawei may be facing closer official scrutiny in Europe amid US allegations that it poses a security threat, but mobile operators in the region are still queuing up to buy its gear for their next-generation 5G networks. Of 65 commercial deals that Huawei has signed, half are with...
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10per cent level, Bloomberg reported on Tuesday.
The price of WeWork's U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least US$2 billion of unsecured notes with a 15per cent coupon.
Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price.
Fidelity Investments said on Tuesday it is reviewing its relationship with Ken Fisher after the investment firm leader made "highly inappropriate comments" at a conference last week.
NEW YORK: Google on Tuesday (Oct 15) unveiled its newest Pixel handsets, aiming to boost its smartphone market share with features including gesture recognition that lets users simply wave their hands to get things done. Pixel 4 models made their public debut as the internet titan updated its ......
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than US$20 billion worth of shareholder value.
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet.
