Thursday 31 October 2019

Even after Lyft beat, Wall Street pummels former unicorns

Even after Lyft beat, Wall Street pummels former unicorns

Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that went public this year.

American Airlines flight attendants voice 737 MAX concerns to Boeing CEO: letter

The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters.

Global stocks fall from 20-month highs on trade talk concerns

World stock markets slid from 20-month highs on Thursday as uncertainty about a potential U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar eased as investors mulled whether the Federal Reserve will cut rates further.

Shares of oilfield firm ProPetro fall 10% on short-seller's report

Shares of oilfield services firm ProPetro Holding Corp fell as much as 10% on Thursday after research firm Culper Research released a report outlining business dealings among its executives and board members, and criticized an internal audit of related-party transactions as a "farce."

Google sues Texas to protect confidential information in antitrust probe

Google sued Texas' attorney general on Thursday to ensure that its confidential business information will not be disclosed to rivals as he leads a multi-state probe into possible antitrust violations by the Internet search and advertising company.

Stronger together: Fiat Chrysler and Peugeot plan world's No.4 carmaker

Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.

Italian, French unions say FCA-Peugeot merger plan only benefits shareholders

A planned merger between Fiat Chrysler and Peugeot owner PSA would only benefit shareholders, two of the biggest Italian and a French unions said on Thursday, criticising a decision not to include labour groups in the decision.

Trump bets on Fed cuts to help the dollar. Don't count on it

U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country's trade position.

Even after Lyft beat, Wall Street pummels former unicorns

Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that listed their shares this year in hyped-up IPOs.

Pelosi: U.S. House close to approving trade deal with Mexico, Canada

The U.S. House of Representatives is making progress every day toward approving the trade agreement President Donald Trump worked out with Canada and Mexico, Speaker Nancy Pelosi said on Thursday.

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