Tag: Corporate news
Swiss authority to probe Credit Suisse over trading losses
<p>GENEVA — Switzerland’s financial markets authority said Thursday it is looking into possible penalties against Credit Suisse after the top-drawer bank announced “significant losses”...
US airline bailout helps Southwest post $116 million profit
<p>DALLAS — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost...
US airline bailout helps Southwest post $116 million profit
DALLAS — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost...
Union Pacific profit down 9% but economy will grow in 2021
<p>OMAHA, Neb. — Union Pacific's first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy...
Union Pacific profit down 9% but economy will grow in 2021
OMAHA, Neb. — Union Pacific's first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy...
Jaguar Land Rover halts production because of chip shortage
<p>LONDON — Jaguar Land Rover said Thursday it's suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global...
EPA review faults permitting for proposed Minnesota mine
MINNEAPOLIS — An internal investigation has found that the Environmental Protection Agency mishandled its oversight of permits for what would be Minnesota’s first copper-nickel...
Turkey’s Erdogan fires trade minister in Cabinet reshuffle
ANKARA, Turkey — Turkish President Recep Tayyip Erdogan fired the country's trade minister Wednesday following allegations that her husband’s company received a tender to...
Meituan raises $10 bln for self-driving cars, drone delivery
<p>HONG KONG — Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to...
Turkey’s Erdogan fires trade minister in Cabinet reshuffle
<p>ANKARA, Turkey — Turkish President Recep Tayyip Erdogan fired the country's trade minister Wednesday following allegations that her husband’s company received a tender to...