(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday. The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people…
As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual…
By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) – Billionaire Elon Musk promised on Saturday to give away $1 million each day until November’s election to someone who signs his online petition supporting the U.S. Constitution. And he wasted no time, awarding a $1 million check to an attendee of his event in Pennsylvania aimed at rallying…
(Reuters) – U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation. According to LSEG data, U.S. equity funds drew a sharp $20.08 billion in net purchases…
By Allison Lampert and Mike Stone (Reuters) – Spirit AeroSystems will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space, a spokesperson told Reuters. The furloughs will affect Spirit Aero employees working on Boeing’s…
(Reuters) -CVS Health replaced CEO Karen Lynch with company veteran David Joyner on Friday and withdrew its 2024 profit forecast, as the struggling healthcare conglomerate seeks to turn around its fortunes amid rising investor pressure. Shares fell 11% in premarket trading, adding to this year’s losses, as CVS also forecast quarterly adjusted profit below estimates….
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular’s shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon….
(Reuters) – Former NBC anchor Brian Williams will host a special one-night show delivering election results and analysis to Amazon.com customers on Nov. 5, the company said on Thursday as it looks to capitalize on one of the most anticipated events of the year. The show will be produced by Glenn Weiss and Ricky Kirshner…
By Supantha Mukherjee STOCKHOLM (Reuters) – Facebook owner Meta’s Oversight Board on Thursday invited comments from the public on the posting of immigration-related content that may be harmful to immigrants, and shared two cases that Facebook moderators decided to keep on the platform. The board plans to assess whether Meta’s decision to only protect refugees,…
(Reuters) – The U.S. government fund that backstops nearly $10 trillion in insured bank deposits is recovering ahead of schedule from declines and losses in recent years, while the banking system remains largely resilient, U.S. Federal Deposit Insurance Corporation officials said on Thursday. Last year’s spring banking crisis, which involved the second-, third- and fourth-largest…
