July 19, 2019

Exclusive: J.C. Penney taps debt restructuring advisers – sources

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, […]
July 18, 2019

Trump meets with airline CEOs over Qatar subsidy accusations

U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab […]
July 18, 2019

U.S. airline group says it had a ‘productive meeting’ with Trump on Qatar

A U.S. airline industry group said it had a “productive” meeting on Thursday with President Donald Trump, who “shares our concerns” about accusations that subsidies by […]
July 18, 2019

Microsoft shares hit record highs, powered by growing cloud sales

Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to […]
July 18, 2019

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes

Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of […]
July 18, 2019

Wall Street rises as Fed’s Williams cements rate-cut expectations

U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate […]
July 18, 2019

Microsoft sales beat expectations as cloud growth slows

Microsoft Corp beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office […]
July 18, 2019

Boeing takes $4.9 billion charge related to 737 MAX

Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its […]
July 18, 2019

Stocks gain on Fed rate cut optimism; oil drops

A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a […]
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