The U.S. Senate Commerce Committee on Sept. 16 will hold a hearing to consider a bill to strengthen oversight of aircraft certification following two fatal Boeing Co 737 MAX crashes.
U.S. stocks closed lower after a choppy trading session on Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
Citigroup Inc named consumer banking head Jane Fraser as its next chief executive on Thursday, making her the first woman to lead a major Wall Street bank.
Peloton Interactive Inc beat analysts' estimates for quarterly revenue on Thursday as the exercise bike maker benefited from a surge in subscribers and demand for its fitness products during the coronavirus pandemic.
Global equity benchmarks slipped and U.S. government bonds rallied on Thursday as a rebound in U.S. technology stocks stalled after the European Central Bank left its stimulus program unchanged and a stimulus bill failed in the U.S. Senate.
Bayer's Chief Executive Werner Baumann won an extension of his contract until 2024, in a show of support from the drugmaker's new chairman just months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedkiller.
Oracle Corp signaled a recovery in client spending as remote work spurred demand for cloud services as well as traditional licensing business, helping it beat expectations for first-quarter results and sending its shares up 5% on Thursday.
Shares of Portland General Electric plummeted as much as 16% after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been started by its electrical equipment.
Citigroup Inc on Thursday named consumer banking head Jane Fraser as the bank's next chief executive officer, making her the first woman to lead a major Wall Street bank.
Federal law enforcement authorities have charged 57 people with stealing $175 million from an aid program meant to help small businesses weather pandemic lockdowns, officials said on Thursday, adding that they are eyeing hundreds more suspected cases of fraud.
Jane Fraser will be the first woman to run one of the U.S. mega-banks; current boss Mike Corbat is making a clean exit rather than becoming chair. Those are smart social and governance decisions, says Antony Currie, on top of Citi's broadening push to combat climate risk.
