Tesla tumbled more than 8% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world’s most valuable automaker.
Elementis shareholder Franklin Mutual Advisers has urged the board of the British chemicals firm to “initiate a sales process immediately” following news it had spurned another takeover approach, a letter obtained by Reuters shows.
The aerospace industry faces widening disruption from the blowout of a panel on an Alaska Airlines Boeing jet after U.S. regulators froze increases in production of the 737 MAX, raising concerns over growth plans of airlines and suppliers worldwide.
Germany’s support for a law requiring firms in the European Union to take action if they find their supply chains in violation of human rights has become doubtful after one of its ruling parties sided with business groups opposing the proposal.
Indian food delivery startup Swiggy is set to lay off 6% of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday.
The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin panel blew off a Boeing 737 MAX 9 Alaska Airlines plane, Wizz Air CEO Jozsef Varadi told Reuters on Thursday.
American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up 3.7% before the bell.
Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday, as the world’s largest private equity firm cashed out on more of its assets across real estate, credit, and hedge funds.
Comcast’s quarterly revenue topped Wall Street estimates on Thursday, as growth in its streaming and theme parks businesses, including a widely watched NFL playoff game, more than offset further losses of broadband subscribers.
