Boeing’s cash flow goal to be delayed, says Wells Fargo as it downgrades stock
(Reuters) – Boeing’s annual free cash flow target of $10 billion may be delayed by about two years to 2027-28 and it would have to
AI server maker Super Micro denies short-seller Hindenburg’s claims
(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or
Silicon Valley Bank’s Chinese partner buys out stake in joint venture
BEIJING (Reuters) – Silicon Valley Bank’s Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its
Salvage of stricken oil tanker in Red Sea expected soon, sources say
By Renee Maltezou and Yannis Souliotis ATHENS (Reuters) -A salvage operation to recover a Greek-registered oil tanker stranded ablaze in the Red Sea after an
Ford to recall 90,736 vehicles over engine valve issue, US regulators say
(Reuters) – Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National Highway Traffic Safety Administration (NHTSA)
Billionaire Buffett again sells BofA shares worth about $845 million
(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million,
Indian tribunal approves $8.5 billion Disney, Reliance media assets merger
BENGALURU (Reuters) -An Indian company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney’s Indian media assets, Reliance said on Friday. Earlier
Intel rises as report of chipmaker exploring options stokes investor enthusiasm
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include
China’s market regulator says e-commerce giant Alibaba has completed three-year ‘rectification’ period
SHANGHAI (Reuters) – China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years “rectification” following a fine
Oil falls as supply set to rise, uncertainty around Fed rate cuts
By Georgina McCartney HOUSTON (Reuters) -Oil fell about 2% on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside