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5 hours 24 minutes ago

Icahn launches proxy fight after stalled talks with Occidental CEO

Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum to win control of four board seats, a regulatory filing showed, after talks with the oil company's CEO failed to reach an agreement.

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5 hours 45 minutes ago

Exclusive: J.C. Penney taps debt restructuring advisers - sources

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

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6 hours 7 minutes ago

Exclusive: WeWork to host Wall Street analyst day in IPO push - sources

The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.

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6 hours 51 minutes ago

U.S. airline group says it had a 'productive meeting' with Trump on Qatar

A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States.

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7 hours 28 minutes ago

Microsoft shares hit record highs, powered by growing cloud sales

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

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7 hours 58 minutes ago

Trump meets with airline CEOs over Qatar subsidy accusations

U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

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8 hours 23 minutes ago

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes

Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.

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8 hours 38 minutes ago

Microsoft beats estimates, powered by growing cloud profits

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.

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9 hours 10 minutes ago

Trump wants weaker dollar but it could be a hard sell

President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.

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9 hours 18 minutes ago

Boeing takes $4.9 billion charge related to 737 MAX

Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its money-spinning 737 MAX after two deadly crashes.

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