By David Shepardson WASHINGTON (Reuters) -Boeing on Wednesday provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker’s failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy had said earlier on Wednesday that Boeing […]
(Bloomberg) — Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission. Most Read from Bloomberg The Hangzhou-based e-commerce pioneer said in filings in the US and Hong Kong over the weekend that more than a […]
By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally showed Nvidia’s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable […]
(Reuters) – New York Community Bancorp shares rose 4.2% on Thursday after it disclosed it has more than $18.7 billion in reciprocal deposit capacity to offer its customers expanded deposit insurance, calming investor worries around its stability. Reciprocal deposit networks allow banks to insure deposits over the Federal Deposit Insurance Corporation’s $250,000 limit and have […]
(Bloomberg) — Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person. Most Read from Bloomberg The disclosure comes after Amazon reported its best online sales growth since […]
FILE – Fulton County District Attorney Fani Willis appears during a hearing regarding defendant Harrison Floyd, a leader in the organization Black Voices for Trump, as part of the Georgia election indictments, Nov. 21, 2023, in Atlanta. Lawyer Ashleigh Merchant, who has alleged that Willis has had an inappropriate romantic relationship with Nathan Wade, a […]
Defence Intelligence of Ukraine (DIU) has disclosed the details of the PoW swap with Russia which was planned for 24 January but was not held after an Il-76 aircraft crash in Belgorod Oblast in Russia. Source: Andrii Yusov, representative of Defence Intelligence of the Ministry of Defence of Ukraine and the Coordination Staff, on air […]
Citigroup (C) is in the middle of a complicated restructuring. It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank said in a regulatory document it will take more than $3 billion in one-time reserves and expenses as part of those fourth quarter results. […]