The tech-heavy Nasdaq Composite Index rises 0.8 percent as investors bet on strong earnings from Meta, Amazon and Microsoft. US tech stocks have catapulted the Nasdaq to a record high as investors bet on strong earnings from corporate heavyweights. The tech-heavy Nasdaq Composite Index rose 0.8 percent on Tuesday, as…
Boeing CEO Kelly Ortberg has laid out a cautious path to turn the company around, calling for a “fundamental culture change” at the struggling plane maker as its quarterly losses surged to $6bn due to a crippling strike. Boeing has racked up losses of nearly $8bn for the current year,…
Japanese subway operator’s shares soar as much as 47 percent in biggest listing since 2018. The main operator of Tokyo’s sprawling subway network has made a rip-roaring market debut in Japan’s biggest initial public offering (IPO) in six years. Tokyo Metro Co’s shares soared by as much as 47 percent…
In a move to shore up its sagging finances, Boeing has announced plans to raise up to $25bn through stock and debt offerings and a $10bn credit agreement with major lenders amid a production and regulatory crisis. Boeing announced its plans on Tuesday. It was not clear when and how…
Kuala Lumpur, Malaysia – Malaysia’s stock market is experiencing a steady revival as billions of dollars pour into an exchange once written off as one of the region’s worst performers. Buoyed by Malaysia’s robust post-pandemic economic growth and a surge in foreign investment by US tech giants, the Bursa Malaysia’s…
Julie Su’s intervention comes days after Boeing unveiled plans to cut 10 percent of its workforce as labour negotiations came to a halt. United States Acting Labor Secretary Julie Su has flown to Seattle to meet with Boeing and the union representing about 33,000 striking workers to nudge both sides…
Federal authorities began probing TD’s internal controls after agents discovered a Chinese criminal operation bribed employees and brought large bags of cash into branches to launder millions of dollars. Two TD Bank units have pleaded guilty to United States criminal charges and agreed to pay $3bn in combined penalties to…
Some experts said the broad remedies suggested by the DOJ will not survive the appeals process. The United States Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in artificial intelligence, even though a final outcome may be…
A US judge said that for three years, Google must allow users to download competing third-party Android app platforms or stores. A United States judge has ordered Alphabet’s Google to overhaul its mobile app business to give Android users more options to download apps and pay for transactions within them,…
Rupert Murdoch’s proposed amendment would reportedly block any interference by three of his oldest son Lachlan’s siblings, who are more politically moderate. A battle over control of Rupert Murdoch’s global television and publishing empire begins Monday in a Reno, Nevada courtroom, where a judge will consider the contentious matter of succession. Murdoch, 93,…
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