Business
Committed to Achieving Goal of $500 Bln in Bilateral Trade with US: Ambassador Sandhu
India's top envoy said that New Delhi is keen to engage with the new Biden administration in the United States, particularly on trade and economic partnership.
UK Economy Shrinks 9.9%, Biggest Annual Decline On Record
Britains economy suffered its biggest decline on record last year as the coronavirus pandemic closed shops and restaurants and and devastated the travel industry.
Report Faults Landing Of Southwest Jet That Overshot Runway
A federal investigator says Southwest Airlines pilots on a flight into Burbank, California, overshot the ideal touchdown point and should have aborted the landing before the plane skidded off a wet runway in December 2018.
OPEC Again Cuts 2021 Oil Demand View, Sees H2 Pickup
World oil demand in 2021 will rebound more slowly than previously thought, OPEC said on Thursday, adding to a series of downgrades as the impact of the pandemic lingers.
Bombardier To Lay Off 1,600 And Halt Learjet Production
Bombardier Inc said on Thursday it would end production of its Learjet business aircraft in 2021 and slash about 1,600 jobs to cut costs, after reporting an adjusted loss before interest and taxes for the fourth quarter, as the COVID19 pandemic hit demand...
Lockdown Living Helps PepsiCo Through Pandemic, Vaccine Paves Path To Growth
PepsiCo Inc joined rival CocaCola in predicting revenue growth in 2021, saying on Thursday it expects prepandemic lifestyles to resume as economies reopen and COVID19 vaccines are rolled out.
Global Stocks Nudge Higher, Sustained By Bottomless Stimulus
Global shares rose for a ninth day running on Thursday, just off record highs, as investors digested recent gains, while bulls were sustained by the promise of more free money after a benign U.S. inflation report and a dovish Federal Reserve outlook.
Oil Drops After Strong Rally As Talk Of Slower Recovery Weighs
Oil prices fell on Thursday, giving up some of the recent strong gains on expectations of slower economic recovery and speculation that the market's strength could tempt producers like Saudi Arabia to reduce output by less.
Asia Stocks Hold At Highs, Sustained By Bottomless Stimulus
Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.
Twitter, Under Armour Rise; Alteryx, Assurant Fall
Stocks that traded heavily or had substantial price changes Wednesday:
Powell Stresses Commitment To Full Employment And Low Rates
Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's commitment to reducing unemployment to multidecade lows, where it stood before the pandemic, while signaling little concern about the risk of potentially high inflation or financial ma...
Resurgent Virus Slows Recovery At Coca-Cola
The resurgent coronavirus slowed Coca-Colas recovery in the fourth quarter, and the company said the slump has continued into this year.
Toyota Profits Up Amid Solid Recovery From Pandemic Fallout
Toyota reported a 50% jump in its October to December profit Wednesday, underlining a solid recovery at the Japanese automaker from the damage of the coronavirus pandemic.
United Way Worldwide CEO Gallagher Resigns Amid Turmoil
Brian A. Gallagher, who has led United Way Worldwide, the worlds largest privately funded nonprofit since 2009, abruptly announced his resignation Tuesday amid claims that the charity mishandled internal allegations of sexual harassment and discrimination...
Construction Starts On Disputed $1B Electricity Corridor
Construction on part of a $1 billion electricity transmission corridor through sparsely populated woods in western Maine is on hold because of legal action, but that doesn't mean all building has been halted.
Boeing Lands Few Orders But Delivers 26 Max Jets To Airlines
Boeing raised cash in January by delivering 26 new planes including 21 Max jets to airline customers, but it still suffered canceled orders for the plane with a troubled history.