 | | | | Veteran Boeing airplane programs executive Mark Jenks, who helped steer the 737 MAX program through a safety crisis, plans to retire, while supply chain executive Elizabeth Lund is to take over the role, the U.S. planemaker said on Thursday. | | | | | | Membership-only retail chain Costco Wholesale Corp beat Wall Street estimates for quarterly revenue on Thursday, as consumers returning to its stores bought more fresh foods, snacks, jewelry and home furnishings. | | | | | | Semiconductor firm Broadcom Inc forecast first-quarter revenue above Wall Street expectations on Thursday, leaning on a global ramp-up in 5G technology deployment and cloud computing. | | | | | | The European Union needs to rethink its budget framework and alter deficit rules to encourage post-pandemic investment and foster growth as the world seeks to emerge from the COVID-19 crisis, French President Emmanuel Macron said on Thursday. | | | | | | Athletic apparel chain Lululemon Athletica Inc raised its full-year profit and revenue forecasts on Thursday, even as it warned that demand for its products could slip because of the spread of new COVID-19 variants. | | | | | | Oracle Corp reported upbeat second-quarter results on Thursday, as the IT-services turned cloud solutions player benefited from a rebound in tech spending from businesses looking to support hybrid work. | | | | | | Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve's meeting next week. | | | | | | Blackstone Group has hired two executives who previously worked with billionaire investors Bruce Kovner and David Tepper for top investment positions in the firm's $81 billion hedge fund unit, the company said on Thursday. | | | | | | The Bank of Canada will leave its inflation target at 2% in a framework renewal to be announced soon, but will include new language on the importance of employment to the economy, a source familiar with the process said on Thursday. | | | | | | Nasdaq and the S&P 500 were losing ground on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve's meeting next week. | | | | | |
