Boeing strike costs top $1.4 billion as pressure on company mounts
Two weeks after 33,000 Boeing machinists went on strike, the company is bracing for financial impact. The airplane maker has…
Sam Altman is setting himself up for a massive $10 billion payday as more OpenAI executives head for the exit
OpenAI is in the process of transitioning from a nonprofit business to a for-profit one—and Sam Altman, the company’s CEO…
Exclusive-China to issue $284 billion of sovereign debt this year to help revive economy
China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of a…
SAP Staff Morale Plunges in Internal Survey Amid Restructuring
SAP SE is facing swelling discontent among employees in its home market, according to an internal survey, as Chief Executive…
Spirit Aero reviews furlough contingency plans amid Boeing strike
Spirit AeroSystems is reviewing its contingency plans regarding furloughs, a company spokesperson said on Thursday, adding that the key supplier…
Intel rejects Arm’s approach for product division
Arm Holdings approached Intel about potentially acquiring the company’s product division but was told that the business is not for…
China e-commerce giants Alibaba, JD.com, Pinduoduo see stock surge after stimulus package
US-listed stocks of Chinese e-commerce companies spiked Tuesday after the country’s central bank announced its first stimulus measures since the…
Elliott to call special shareholder meeting to oust Southwest CEO
Activist investor Elliott Investment Management on Tuesday escalated its boardroom battle with Southwest Airlines, saying it plans to request a…
Oil Extends Sharp Drop on Prospect for More Saudi
Oil fell for a second day as Saudi Arabia was reported to be committed to increasing output in December, while…
Dollar Is Close to Erasing 2024 Gains as More Fed Cuts Loom
The US dollar is on the verge of erasing all of its gains this year on bets the Federal Reserve…