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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.

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.

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.

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.

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."

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.

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.

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.

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.

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.