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10 hours 2 minutes ago

Lab-grown meat producer Memphis Meats raises $161 million in funding led by SoftBank

Lab-grown meat producer Memphis Meats said on Wednesday it raised $161 million in a funding round led by Japan's SoftBank Group , Singapore's wealth fund Temasek Holdings and Norwest Venture Partners.

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10 hours 5 minutes ago

U.S. stocks correction overdue, Bloomberg best placed to beat Trump: Scaramucci

U.S. stocks are headed higher, although a 10% correction is "long overdue", Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday.

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10 hours 8 minutes ago

Boeing CEO says he expects to resume 737 MAX production before mid-year

Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.

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10 hours 28 minutes ago

North American oil company bankruptcies jump in 2019: report

The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.

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10 hours 34 minutes ago

Avolon CEO sees new Boeing MAX timeline as 'worst case scenario'

The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker's new June to July horizon for getting the grounded aircraft back in the air was a "worst case scenario."

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10 hours 43 minutes ago

UniCredit shuffles top managers in Italy, names new Americas CIB head

Italy's biggest bank UniCredit said on Wednesday it had appointed a number of senior managers to new roles, shuffling people across jobs as it works to implement its 'Team 23' four-year plan unveiled in December.

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10 hours 51 minutes ago

Huawei CFO Meng arrives in Vancouver court for third day of U.S. extradition hearing

Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors are expected to defend a U.S. extradition request in a third day of hearings on a case that has strained relations with China.

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10 hours 55 minutes ago

Coronavirus set to impact Chinese airlines' first quarter profit: Aercap CEO

The chief executive of one of the world's largest aircraft lessors, Aercap , expects the new coronavirus that has emerged from Wuhan, China to impact Chinese airlines' profitability in the first quarter.

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11 hours 2 minutes ago

Google finds security flaws in Apple's web browser: FT

Google researchers have found multiple security flaws in Apple Inc's Safari web browser that allowed the tracking of users' browsing behavior, the Financial Times reported on Wednesday, citing a soon-to-be published paper.

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11 hours 3 minutes ago

Hainan Airlines to halt Prague flights from March: Czech authorities

China's Hainan Airlines will halt regular direct flights between Beijing and Prague starting in March, the Prague Airport and the Czech Foreign Ministry said on Wednesday.

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