Monday, 14 June 2021

Reuters Business: Lufthansa sets 2024 goal, eyes capital increase

Lufthansa sets 2024 goal, eyes capital increase

Germany's flagship carrier Deutsche Lufthansa (LHAG.DE) said it aims to boost its return on capital employed (ROCE) and laid out plans for a capital increase as it prepares for a business recovery amid an easing coronavirus pandemic.

S&P 500, Nasdaq hit record closing peaks on eve of Fed meeting

The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week's Federal Reserve meeting and not on adding to existing positions.

Disney CEO says 40% of upfront ad sales went to streaming or digital

Walt Disney Co's (DIS.N) advertising revenue for the upcoming fall television season rose by "double-digits" from the levels of 2019 before the global pandemic, Chief Executive Bob Chapek said on Monday.

S&P 500, Nasdaq set record closing highs as Fed meeting looms

The S&P 500 and Nasdaq unofficially finished at record highs on Monday as most traders focused on this week's Federal Reserve meeting and not on adding to existing positions.

GE, Safran venture to develop radical new jet engine

General Electric (GE.N) and France's Safran (SAF.PA) on Monday unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

Europe-U.S. nearing jet subsidy pact under China's shadow

The United States and Europe are closing in on a deal to end a 17-year-old dispute over aircraft subsidies and end tariffs, while seeking an elusive consensus on how to address competition from China, people familiar with the matter said on Monday.

Huawei CFO seeks publication ban on HSBC documents in U.S. extradition case

Huawei Chief Financial Officer Meng Wanzhou on Monday will seek to bar publication of documents her legal team received from HSBC, a request opposed by Canadian prosecutors in her U.S. extradition case who say it violates the principles of open court.

S&P 500 and Dow slip as upcoming Fed meeting looms

The S&P 500 and the Dow dipped on Monday, with the former coming off a record closing high in the previous session as a lack of catalysts ahead of this week's Federal Reserve meeting kept investors from making new significant bets.

Electric-truck maker Lordstown's CEO, CFO resign, shares slump

Lordstown Motors Corp (RIDE.O) on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 20%.

JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.

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