NEW YORK (Reuters) – The Bank of New York Mellon has agreed to pay $5 million to settle U.S. Commodity…
Elliott lays out its case for leadership change at Southwest Airlines
By Svea Herbst-Bayliss NEW YORK (Reuters) -Elliott Investment Management, which now holds voting power over roughly 9.7% of Southwest Airlines,…
Fed’s Goolsbee: Current rate policy too tight for economy
(Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee said Friday that while he’s not ready to explicitly call…
Microsoft cuts first-quarter forecast for intelligent cloud revenue
(Reuters) -Microsoft on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation. The company…
Meta cancels plans for high-end mixed-reality headset, the Information reports
(Reuters) -Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, the Information…
Musk’s SpaceX testing breakthrough tech in risky spacewalk
By Joey Roulette WASHINGTON (Reuters) – SpaceX’s attempt at the first ever private spacewalk next week will be a test…
Bristol-Myers Squibb-backed Zenas BioPharma files for US IPO
(Reuters) – Bristol-Myers Squibb-backed Zenas BioPharma has filed to go public in the United States, a regulatory filing showed on…
US Postal Service seeks to save $30 billion over 10 years with delivery, other changes
WASHINGTON (Reuters) – The U.S. Postal Service said on Thursday it is aiming to implement changes that it estimates will…
NASA says decision on Boeing Starliner crew’s path home coming Saturday
By Joey Roulette WASHINGTON (Reuters) -NASA said on Thursday it expects to announce on Saturday its decision on whether the…
Target raises 2024 profit forecast as price cuts draw shoppers
By Ananya Mariam Rajesh, Siddharth Cavale (Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase…