Friday, 14 February 2020

American, United push back 737 MAX return amid new approval delays

Reuters.com Newsletter

American, United push back 737 MAX return amid new approval delays

American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April.

Citigroup CEO Corbat's 2019 compensation unchanged at $24 million

Citigroup Inc kept its Chief Executive Officer Michael Corbat's 2019 compensation unchanged at $24 million, according to a regulatory filing on Friday.

S&P 500, Nasdaq gain on Nvidia, White House stock incentive report

The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.

Canadian pot producer Canopy may face challenges offloading assets, CEO says

Canada's biggest cannabis producer, Canopy Growth Corp , could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters.

Google in talks with publishers to pay for premium news content: WSJ

Alphabet Inc's Google is in talks with publishers on paying a licensing fee for content that would be packaged in a premium news product, the Wall Street Journal reported https://www.wsj.com/articles/google-in-talks-to-pay-publishers-for-content-in-premium-news-product-11581689169, citing people familiar with the matter.

Oil rises over 1% on hopes demand will rebound from coronavirus effect

Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.

Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact

Investors are edging back into emerging markets, even though worries about the coronavirus' impact on global economic growth have clouded prospects for the boom-and-bust asset class.

Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally

Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year.

Saks Fifth Avenue plans expansion into bankrupt Barneys shop in Los Angeles

Luxury department store operator Saks Fifth Avenue, owned by Canada's Hudson's Bay Co , is expanding into bankrupt fashion chain Barneys' Beverly Hills shop, people familiar with the matter said on Friday.

Stocks dip as virus impact weighed, oil gains for the week

Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices registered their first weekly gain since early January.

Google protests 'eye-catching' $2.6 billion EU fine, judge disagrees

Google on Friday attacked what it called an eye-catching 2.4 billion euro ($2.6 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount.

Related Videos

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS