Business

Analysis-Porsche aims to regain speed with cost cuts and combustion engines

Tuesday, March 10 by SRN News

By Rachel More BERLIN, March 10 (Reuters) - Porsche's new CEO is likely to double down on cost cuts and lean harder into combustion-engine cars as he seeks to persuade investors he can revive the ailing sportscar maker in his first earnings update on Wednesday.... Read More.

JPMorgan hires senior banker to strengthen mid-cap investment banking

Tuesday, March 10 by SRN News

By Sabrina Valle March 10 (Reuters) - JPMorgan Chase hired Firdaus Pohowalla as a managing director to strengthen the firm's North America mid‑cap mergers and acquisitions team, according to an internal memo reviewed by Reuters. THE CONTEXT * Pohowalla will join a growing... Read More.

Boeing increases jet deliveries in February despite ongoing 787 seat headaches

Tuesday, March 10 by SRN News

SEATTLE, March 10 (Reuters) - Boeing said on Monday it delivered 51 jets in February, an increase from 46 in January and the U.S. planemaker's highest total for February since 2018, despite ongoing challenges with premium class seats for 787s. Its deliveries far... Read More.

US homes sales bounced back in February as homebuyers seized on easing mortgage rates

Tuesday, March 10 by SRN News

Sales of previously occupied U.S. homes bounced back in February as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season. Existing home sales rose 1.7% last month from January to a... Read More.

Reducing nuclear energy a ‘strategic mistake’, EU chief says

Tuesday, March 10 by SRN News

By Forrest Crellin and Gianluca Lo Nostro PARIS, March 10 (Reuters) - Reducing Europe's nuclear energy sector was a "strategic mistake", EU chief Ursula Von der Leyen said on Tuesday, as governments grappled with an energy crunch from the Iran war. Europe produced around a third... Read More.

US banks eye capital victory as regulators tee up new Basel draft

Tuesday, March 10 by SRN News

By Pete Schroeder WASHINGTON, March 10 (Reuters) - U.S. President Donald Trump's bank regulators will unveil in coming weeks long-awaited draft rules that could ultimately shrink the amount of cash lenders must set aside to absorb losses, in a major potential victory for the industry. The... Read More.

US existing home sales unexpectedly increase in February

Tuesday, March 10 by SRN News

WASHINGTON, March 10 (Reuters) - U.S. existing home sales unexpectedly increased in February as lower mortgage rates and a moderation in house-price growth pulled buyers back into the market, but still-tight supply could constrain activity during the spring selling season. Home sales rose 1.7% last... Read More.

Spirit Airlines recalls furloughed pilots as it prepares to emerge from bankruptcy

Tuesday, March 10 by SRN News

March 10 (Reuters) - Spirit Airlines said on Tuesday it has called back nearly 500 pilots it furloughed last year, as the budget carrier prepares to emerge from its second bankruptcy. The carrier last month reached a restructuring agreement with its lenders that would allow... Read More.

Wall St futures steady on hopes for early end to Middle East conflict

Tuesday, March 10 by SRN News

By Johann M Cherian and Utkarsh Hathi March 10 (Reuters) - U.S. stock index futures were steady on Tuesday, as investors hoped for a quicker resolution to the Middle East conflict that has led to a spike in energy prices and stoked... Read More.

Bill Ackman files for dual IPOs of Pershing Square, new fund

Tuesday, March 10 by SRN News

March 10 (Reuters) - Billionaire investor Bill Ackman's Pershing Square filed for U.S. initial public offerings of his hedge fund and a new fund on Tuesday, looking set to join a small club of publicly traded alternative asset managers. The move marks a major milestone... Read More.

Current Weather

Analysis-Porsche aims to regain speed with cost cuts and combustion engines

JPMorgan hires senior banker to strengthen mid-cap investment banking

Boeing increases jet deliveries in February despite ongoing 787 seat headaches

US homes sales bounced back in February as homebuyers seized on easing mortgage rates

Reducing nuclear energy a ‘strategic mistake’, EU chief says

US banks eye capital victory as regulators tee up new Basel draft

US existing home sales unexpectedly increase in February

Spirit Airlines recalls furloughed pilots as it prepares to emerge from bankruptcy

Wall St futures steady on hopes for early end to Middle East conflict

Bill Ackman files for dual IPOs of Pershing Square, new fund

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