October 24, 2019

Massachusetts beats Exxon bid to delay impending climate change case

A Massachusetts judge on Thursday gave the state’s attorney general the greenlight to sue Exxon Mobil Corp “ASAP” over allegations it concealed from investors and consumers […]
October 24, 2019

Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a profit […]
October 24, 2019

Rosneft switches contracts to euros from dollars due to U.S. sanctions

Russia’s largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from […]
October 24, 2019

Wall Street mixed on earnings reports; trade worries resurface

The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence’s comments on China rekindled worries […]
October 24, 2019

Exclusive: Software link suspected in Airbus A220 engine blowouts – sources

A probe into a series of engine failures on Airbus’s smallest jet, the A220, is studying whether a software change set off unexpected vibrations that damaged […]
October 24, 2019

Wall Street mixed after earnings reports; Twitter plunges

A rise in shares of Microsoft and PayPal boosted the Nasdaq on Thursday, but poor earnings reports from Twitter and 3M dragged down the S&P 500 […]
October 24, 2019

Oil edges higher, but weak demand outlook weighs

Oil prices climbed on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting […]
October 24, 2019

U.S. business investment still soft; jobless claims fall

New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains weak amid the […]
October 24, 2019

Raytheon profit beats estimates, raises 2019 forecast on higher weapons demand

U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, […]
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