February 9, 2019

Credit Suisse investment bank won’t shrink more: chairman

Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the number two Swiss bank’s […]
February 9, 2019

U.S. court throws out BlackRock fund fees lawsuit

A U.S. federal court on Friday dismissed a lawsuit against BlackRock Inc that had accused the world’s largest fund manager of charging too much in investment […]
February 9, 2019

Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more […]
February 8, 2019

U.S. fund managers brace for consumer slowdown

With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer […]
February 8, 2019

U.S. sues Lockheed, others for alleged kickbacks on nuclear site cleanup

The United States has sued Lockheed Martin Corp, Lockheed Martin Services Inc, and Mission Support Alliance LLC, as well as a Lockheed executive for alleged false […]
February 8, 2019

EA’s ‘Fortnite’ rival wins 10 million gamers in three days

A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up 10 million players within three days of its […]
February 8, 2019

New UK laws will block China’s Huawei from sensitive state projects: The Sun

New laws on foreign investment in the UK will block Chinese firm Huawei from sensitive UK tech projects, The Sun newspaper reported on Friday. Powered by […]
February 8, 2019

Amazon exploring potential alternatives to New York HQ: source

Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail due to local opposition, a […]
February 8, 2019

Boeing records $2.31 billion reach-forward losses on tanker program over 3 years

Boeing said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A tanker program over 2016, 2017 and 2018. […]
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